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Provider comparison · Updated May 2026

Momentum vs Budget Insurance

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

Momentum edges Budget Insurance on customer rating.

FeatureMomentumBudget Insurance
Customer rating★ 4.5★ 4.1
Average premiumR710/pmR560/pm
Claims turnaround72h48h
Pricing tierPremiumBudget
Flagship productMultiply RewardsValue Comprehensive
Product rangeLife, Investments, Short-term, HealthCar, Home, All-risks

Momentum

Long-term financial wellness

Momentum is a diversified financial services group offering life, investments, short-term insurance and Multiply rewards.

Strengths
  • Strong life and investment offering
  • Multiply rewards programme
  • Holistic advice
Trade-offs
  • Short-term insurance secondary focus
  • Broker-led model

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