Dial Direct Insurance
Increase in premiums way above inflation

I received a letter today, stating that my insurance premiums would be increasing. I do not have a problem with a reasonable annual increase, but 21% is excessive!!!
Particulary when one considers that my policy is for insurance of two motor vehicles, which Dial Direct will obviously reduce in value as a result of depreciation.
My question is, how can Dial Direct justify a 21% increase when should my vehicles be or written off they will actually be paying me out less this year than last? That doesnt even take into consideration that I have never made a claim against this policy.
I think it is time to move back to a broker system of insurance for me, as that way they vehicles are depreciated but the premiums decrease accordingly.

Company: Dial Direct Insurance
Country: South Africa
City: Johannesburg

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