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Provider comparison · Updated May 2026

King Price vs MiWay

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

King Price edges MiWay on customer rating.

FeatureKing PriceMiWay
Customer rating★ 4.5★ 4.4
Average premiumR590/pmR640/pm
Claims turnaround36h48h
Pricing tierBudgetMid-range
Flagship productDecreasing PremiumMiHero
Product rangeCar, Building, Cyber Cover, CommercialCar, Home, Business, Life

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

MiWay

Direct, digital, on your side

MiWay is a Sanlam-owned direct insurer that competes on simple, digital-first short-term insurance for individuals and small businesses.

Strengths
  • Quick online quotes
  • Strong digital UX
  • Flexible excess
Trade-offs
  • Smaller branch footprint
  • Mixed customer service feedback