Old Mutual Car Insurance South Africa

Get insurance quotes and comparisons by filling out your details below

Click here to view the terms
old mutual logo

Who is Old Mutual Insurance?

Old Mutual was established in 1845, in Cape Town, as the first mutual life assurance society in South Africa. It is one of the oldest South African insurance companies that offers a variety of life-assured-based solutions and short-term insurance. 


Old mutual’s purpose is to help their customers thrive by supporting them to achieve their lifetime financial goals by investing their funds to create a future that is positive for them.


Old Mutual delivers products and services while simultaneously being committed to good governance. They are passionate about helping all South Africans either directly or indirectly. 


Old Mutual gives back to the community through the Old Mutual Foundation. This is a commitment by them to create change and empower individuals and communities through education, skills development, job creation, and socio-economic transformation.

Old Mutual iWyze Car insurance


Old Mutual insurance offers a wide variety of products and services for those looking for insurance policies through both the Old Mutual brand and under their short-term insurance policy guise of iWyze. 


iWyze was established in 2010 to offer short-term insurance policies to customers. It is backed by Old Mutual’s reputation and industry knowledge and underwritten by Old Mutual Insure. iWyze has been favourably positioned as a trusted wise insurance option for car, home, and life insurance.


iWyze offers car insurance by providing the wisest car insurance by providing complete peace of mind. They offer various covers to suit all budgetary constraints and specific needs. 


This option comes with built-in benefits by going beyond just covering your vehicle by including yourself and passengers for added protection against unforeseen circumstances. 


iWyze offers three different options for insurance cover, these include:

      Comprehensive car insurance

      Third-party, fire & theft car insurance

      Third-party car insurance

Comprehensive Insurance

Comprehensive cover provides cover for all eventualities and then some which include all the benefits such as road emergency services cover, available 24 hours a day and 365 days a year, and cover against damage to your vehicle that includes natural disasters (hail storms for example). 


The comprehensive plan also offers optional extras such as car hire cover and credit shortfall at an additional premium. 


Usage-based insurance is a perk provided to those on motorsure cover. You can save up to 30% if you’re driving less. Easily accessible via Whatsapp to setup, this feature operates on the belief that the less you drive, the less risk you’re exposed to and can therefore pay less on your premium. 


This article on top factors that affect car insurance rates in South Africa should be helpful if you are on a budget and looking to get the best premium possible.


Third Party, Fire & Theft Insurance

Third-party, fire & theft insurance provides the same benefits and covers as comprehensive without the added benefit of the natural disaster and accident cover. Loss and damage are only covered from fire, lightning, and explosion.


So if you live in an area where hail damage is a real possibility, the comprehensive insurance option would be better suited. 

Third Party Insurance

Third-party car insurance only provides liability to third parties. 


All of the above policies have additional offers of a cashback bonus where you receive 10% of your premiums back in cash every 3 claim-free years. A bundle and save option is also available where the premium is attached to the number of vehicles covered, meaning the more vehicles insured on the policy, the lower the premium per vehicle becomes. 


You can bundle your home and car insurance to save even more.

team meeting computer

Old Mutual Reviews

An honest look at one of the oldest insurance companies in South Africa from the South African clients who use Old Mutual.

Anita on HelloPeter

“Excellent service by Old Mutual Insure”

Deon on HelloPeter

“Old Mutual Insure great service received”

Ernestacis on HelloPeter

“Great teamwork and wonderful service”

Neil on HelloPeter

“Terrible service from 3rd party claims OMI”

John on HelloPeter

“False promises of savings”

Madelein on HelloPeter

“Incompetent insurance assistance”

Old Mutual Pros & Cons

Old Mutual has a longstanding history with both positives and negatives being well documented in this time. Below are just some examples of the pros and cons of Old Mutual. 

Have a WhatsApp customer care line for instant connection and help

> Usage-based Insurance can save you up to 30% based on distance driven every month

> Multiple insurance policies to suit all needs and budgets from two both Old Mutual and Old Mutual iWyze

The rewards programme has a history of vouchers either disappearing or not being valid when attempting to be used

> Usage-Based insurance only applies to those on comprehensive plans

> Payouts from claims can take long and need to be chased up to be received

Given the vast number of policies on offer above, this article on the different types of car insurance in South Africa will be helpful to understand what you do and don’t need. This should allow you to choose the Old Mutual policy that best suits your needs.
money tree in jar

King Price Insurance News, Reviews and Info on Our Blog

Check our recent posts and lists of some of the best services out there today

We're tracking prices from all the most popular insurance companies in South Africa, comparing quotes and reviewing their services.

Funeral Cover

Get cover for the inevitable. Find the best funeral plan for you and your loved ones.

Life Insurance

Leave behind a legacy for your loved ones. Get premium life insurance at great prices.

Car Insurance

Be prepared for unfortunate events. Cover your vehicle with the best insurance out there.

Home Insurance

Your home is your safe place. Keep it even safer with insurance that looks after you and your belongings

Health Insurance

Your health is vital. Get covered with medical insurance to keep yourself and your family fit and healthy.


Pets are a part of the family too. Find products and services designed specially for your furry friends.

Why Use ComparenReview.co.za

Find Trusted Companies

We work with only reliable insurance companies who are committed to bring you the best service.

Compare Quotes Online

With a just few clicks, you'll find the best prices for your insurance need. No phone calls or long waits.

Review Services

Review services that you have used and read other's reviews to help you when choosing these services.