One of the sharpest rates we've tracked in SA — and if you engage with the Multiply programme, the cashback and lifestyle rewards are a real bonus on top.
Compare our panel →Our data shows a competitive mean rate — approximately 0.26% of trade value per month
Multiply rewards: healthy lifestyle and driving behaviour earn cashback and discounts
Strong integration with the broader Momentum financial services ecosystem
Backed by Momentum Metropolitan — substantial financial strength
Full benefits require engagement with the Multiply programme
Primarily distributed through financial advisors — not always easy to access direct
Not on the Compare Car Insurance quote panel
Momentum Insure is the short-term insurance arm of Momentum Metropolitan Holdings — one of SA's largest financial services groups. Their car insurance product goes beyond standard comprehensive cover with two features worth knowing about: built-in GAP cover and the Multiply rewards programme.
GAP cover pays the difference between what your insurer pays out on a total write-off and what you still owe on your vehicle finance. Without it, a serious accident on a financed vehicle can leave you with a settlement cheque that doesn't cover your outstanding loan balance.
Example: your car is written off. Your insurer pays out R280,000 (current market value). You still owe R310,000 to the bank. Without GAP cover, you pay the R30,000 shortfall. With Momentum's GAP cover included in the policy, that shortfall is covered. This is especially important in the first three years of a vehicle finance agreement, when depreciation often outruns what you've paid down.
Momentum's Multiply programme rewards responsible behaviour across their product range. For car insurance, this means safe driving, regular vehicle servicing, and maintaining a clean claims record can earn Multiply points — redeemable for discounts, cashback, and retail partner rewards. If you're already using Momentum health or life products, the insurance integrates into the same rewards ecosystem.
Momentum isn't on our comparison panel, but six licensed SA insurers are. Get live quotes and compare against Momentum's direct rate at momentum.co.za/insure.
Compare our panel →Momentum's pricing is competitive for low-risk profiles, but base rates are not always the sharpest in the market. If GAP cover isn't a priority — you own your car outright or you're well into your finance term — the Multiply rewards may not justify a premium over direct alternatives. Run the numbers with and without the GAP benefit before deciding.