South Africa has a dynamic insurance market with providers offering everything from affordable car cover to tailored life insurance and comprehensive business protection. If you’re comparing insurers in 2025, this guide ranks the top 10 insurance companies in Mzansi based on market strength, customer satisfaction, and value.
1. OUTsurance
Best for: Affordable car and home insurance
OUTsurance is known for its competitive premiums, cashback rewards, and 24/7 emergency roadside and home assistance. Their mobile app and claims process are top-rated.
2. Discovery Insure
Best for: Wellness-linked insurance
Discovery combines life, health, and vehicle cover through its Vitality rewards. Safer driving earns cashback and fuel rewards, making it popular with young professionals.
3. Old Mutual Insure
Best for: Established reputation & broad cover
As one of the oldest insurers in South Africa, Old Mutual provides short- and long-term insurance, including funeral, home, and agriculture-related cover.
4. Sanlam
Best for: Life insurance and investment-linked policies
Sanlam’s strong financial advisory network and diversified product range make it a go-to for long-term financial planning and family protection.
5. Hollard
Best for: Flexible policy options
Hollard offers everything from motor to travel insurance and is a leading player in the funeral and low-income policy market.
6. Momentum Insure
Best for: Bundled life and short-term insurance
Momentum shines with its Multiply rewards programme and discounts for safe driving, healthy lifestyles, and digital engagement.
7. MiWay Insurance
Best for: Direct online insurance
MiWay allows clients to get instant quotes and manage policies online. Their car and household cover is competitively priced for digital-savvy users.
8. Auto & General
Best for: Budget-conscious families
A division of Telesure, Auto & General offers value-for-money short-term insurance and is well-known for its household and vehicle cover.
9. FNB Insurance
Best for: Banking + insurance bundles
FNB customers can bundle their financial services and get discounted premiums on car, life, and credit life insurance through eBucks rewards.
10. Santam
Best for: Business and commercial insurance
With over 100 years in the game, Santam leads in corporate and specialised insurance, offering risk products for agriculture, engineering, and transport.
Final Thoughts
Whether you’re protecting your first car or securing your family’s future, these insurers offer some of the best options in South Africa. Always compare quotes, read the fine print, and make sure your insurer is registered with the Financial Sector Conduct Authority (FSCA).
