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Provider comparison · Updated May 2026

King Price vs Nedbank Insurance

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

King Price edges Nedbank Insurance on customer rating.

FeatureKing PriceNedbank Insurance
Customer rating★ 4.5★ 4.1
Average premiumR590/pmR700/pm
Claims turnaround36h72h
Pricing tierBudgetMid-range
Flagship productDecreasing PremiumMobiLife
Product rangeCar, Building, Cyber Cover, CommercialCar, Home, Life, Funeral

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

Nedbank Insurance

Insurance through Nedbank

Nedbank Insurance provides short-term and life cover via Nedbank's banking channels, with Greenbacks loyalty integration.

Strengths
  • Greenbacks rewards
  • Bundled banking discounts
  • Strong digital app
Trade-offs
  • Nedbank customers favoured
  • Underwriting via partners