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Provider comparison · Updated May 2026

King Price vs Lombard Insurance

How King Price and Lombard Insurance compare on price, claims, products and rewards across the South African market.

King Price edges Lombard Insurance on customer rating.

FeatureKing PriceLombard Insurance
Customer rating★ 4.5★ 4.2
Average premiumR590/pmR850/pm
Claims turnaround36h72h
Pricing tierBudgetPremium
Flagship productDecreasing PremiumBond & Guarantees
Product rangeCar, Building, Cyber Cover, CommercialSurety Bonds, Engineering, Liability, Commercial

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

Lombard Insurance

Specialist surety & niche cover

Lombard Insurance is a South African specialist insurer best known for surety bonds, guarantees and niche commercial lines.

Strengths
  • Leading surety bond provider
  • Specialist underwriting
  • Strong commercial relationships
Trade-offs
  • Mostly commercial & surety focus
  • Limited personal cover