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Provider comparison · Updated May 2026
MiWay vs Budget Insurance
How MiWay and Budget Insurance compare on price, claims, products and rewards across the South African market.
MiWay edges Budget Insurance on customer rating.
| Feature | MiWay | Budget Insurance |
|---|---|---|
| Customer rating | ★ 4.4 | ★ 4.1 |
| Average premium | R640/pm | R560/pm |
| Claims turnaround | 48h | 48h |
| Pricing tier | Mid-range | Budget |
| Flagship product | MiHero | Value Comprehensive |
| Product range | Car, Home, Business, Life | Car, Home, All-risks |
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
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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