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Provider comparison · Updated May 2026
MiWay vs Naked Insurance
How MiWay and Naked Insurance compare on price, claims, products and rewards across the South African market.
Naked Insurance edges MiWay on customer rating.
| Feature | MiWay | Naked Insurance |
|---|---|---|
| Customer rating | ★ 4.4 | ★ 4.6 |
| Average premium | R640/pm | R570/pm |
| Claims turnaround | 48h | 24h |
| Pricing tier | Mid-range | Mid-range |
| Flagship product | MiHero | Naked Car |
| Product range | Car, Home, Business, Life | Car, Home, Contents, Single Items |
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
Naked Insurance
AI-powered car & home cover
Naked is a digital-first South African insurer using AI and a fixed-fee model — any underwriting surplus goes to charity via Naked's Givva programme.
Strengths
- Fully app-based onboarding
- CoverPause feature
- Transparent fixed-fee model
Trade-offs
- Newer brand
- Personal lines only
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