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Provider comparison · Updated May 2026
King Price vs Budget Insurance
How King Price and Budget Insurance compare on price, claims, products and rewards across the South African market.
King Price edges Budget Insurance on customer rating.
| Feature | King Price | Budget Insurance |
|---|---|---|
| Customer rating | ★ 4.5 | ★ 4.1 |
| Average premium | R590/pm | R560/pm |
| Claims turnaround | 36h | 48h |
| Pricing tier | Budget | Budget |
| Flagship product | Decreasing Premium | Value Comprehensive |
| Product range | Car, Building, Cyber Cover, Commercial | Car, Home, All-risks |
King Price
Premiums that decrease monthly
King Price disrupted the SA car insurance market by aligning premiums to vehicle depreciation, making cover cheaper as cars age.
Strengths
- Premiums decrease as your car depreciates
- Lower entry price
- Modern app
Trade-offs
- Less established claims reputation
- Limited add-ons
Budget Insurance
Cover that fits your pocket
Budget Insurance is a Telesure-group direct brand built around affordability and straightforward short-term cover for cost-conscious South Africans.
Strengths
- Aggressive pricing
- Simple online quotes
- Flexible cover options
Trade-offs
- Fewer premium add-ons
- Smaller broker footprint
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