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Provider comparison · Updated May 2026

Santam vs Naked Insurance

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

Santam and Naked Insurance are evenly matched on customer rating.

FeatureSantamNaked Insurance
Customer rating★ 4.6★ 4.6
Average premiumR790/pmR570/pm
Claims turnaround72h24h
Pricing tierPremiumMid-range
Flagship productComprehensive PlusNaked Car
Product rangePersonal Lines, Commercial, Agriculture, SpecialistCar, Home, Contents, Single Items

Santam

South Africa's largest short-term insurer

Santam is South Africa's largest short-term insurer with a 100+ year history, serving personal, commercial and agricultural markets.

Strengths
  • Largest local insurer
  • Extensive broker network
  • Strong commercial offering
Trade-offs
  • Slower digital experience
  • Higher premiums on entry tier

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