You earn eBucks on your premiums — that's the pitch. Here's the honest version: the eBucks rarely make up the gap versus what a comparison quote will save you per month.
Compare our panel →eBucks rewards integration — earn eBucks on qualifying insurance premiums
Convenient for FNB customers — single banking and insurance relationship
FirstRand group financial backing
Bancassurance products typically priced above dedicated direct insurers
eBucks rewards rarely offset the premium difference against a comparison-sourced product
Not on the Compare Car Insurance quote panel
FNB Insurance is the short-term insurance arm of First National Bank, part of the FirstRand group. If you bank with FNB, you've almost certainly been presented with their car insurance at some point — at the dealership when you signed finance, through the app, or via a branch offer. The convenience is real. The pricing is the question.
FNB insurance earns eBucks, and if you're already an active eBucks user, this matters. The eBucks ecosystem covers fuel, groceries, and travel — so rewards on insurance premiums feed into something you use.
But here's the calculation to run before assuming eBucks justify the premium: typical bancassurance pricing is R200–R500/month above what a standalone direct insurer quotes for the same vehicle and cover. eBucks earned on insurance premiums for an average profile amount to roughly R50–R150/month in effective value. The maths rarely favours staying if you haven't compared.
FNB and WesBank are both FirstRand group companies. If your vehicle finance went through WesBank and your insurance through FNB, you're fully within one financial group. Under SA law — the NCA and FAIS Act — you cannot be required to use a group-related insurance product as a condition of finance. You can insure with any licensed SA insurer that provides comprehensive cover.
If you're on FNB insurance and haven't compared in the last 12 months, this takes two minutes and typically reveals R200–R500/month in savings. No obligation.
Compare now — it's free →One month's written notice — that's all the law requires. No penalty, no exit fee. If your car is financed, notify FNB or WesBank of your new insurer and provide proof of cover. The switch is straightforward. Most drivers complete it in under 30 minutes from first quote to policy activated.