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Provider comparison · Updated May 2026

King Price vs Old Mutual Insure

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

King Price edges Old Mutual Insure on customer rating.

FeatureKing PriceOld Mutual Insure
Customer rating★ 4.5★ 4.3
Average premiumR590/pmR750/pm
Claims turnaround36h72h
Pricing tierBudgetPremium
Flagship productDecreasing PremiumElite Plus
Product rangeCar, Building, Cyber Cover, CommercialPersonal Lines, Commercial, Agriculture, Specialist

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

Old Mutual Insure

Formerly Mutual & Federal

Old Mutual Insure (formerly Mutual & Federal) is one of South Africa's oldest short-term insurers, serving personal, commercial and agricultural markets.

Strengths
  • 150+ year heritage
  • Strong commercial book
  • Wide broker network
Trade-offs
  • Broker-led distribution
  • Premium pricing tier