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Provider comparison · Updated May 2026

MiWay vs Lombard Insurance

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

MiWay edges Lombard Insurance on customer rating.

FeatureMiWayLombard Insurance
Customer rating★ 4.4★ 4.2
Average premiumR640/pmR850/pm
Claims turnaround48h72h
Pricing tierMid-rangePremium
Flagship productMiHeroBond & Guarantees
Product rangeCar, Home, Business, LifeSurety Bonds, Engineering, Liability, Commercial

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

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