Old Mutual Insure
Car Insurance — Backed by SA's Largest Financial Group

Quick overview

One of Africa's oldest insurers. Formerly Mutual & Federal — now Old Mutual Insure.

Old Mutual Insure has roots stretching back to 1845 through the Old Mutual group — making it one of the longest-established financial institutions on the continent. For many South Africans, this brand is known as Mutual & Federal, which was the short-term insurance arm of Old Mutual for decades before rebranding.

Today Old Mutual Insure operates across personal, commercial, and agricultural insurance, primarily distributed through independent brokers and financial advisors rather than direct to consumers.

Broker-distributed — what that means for you

Old Mutual Insure's strength is in the broker channel. An independent broker who works with Old Mutual Insure can structure cover appropriately for your specific situation, advocate on your behalf at claim time, and advise across the broader Old Mutual financial services range if relevant. This is different from buying direct — you have a professional in your corner.

The trade-off is cost. Broker-distributed insurance typically costs 10–20% more than equivalent direct cover because broker commission is included in the premium structure. Whether that advocacy is worth the extra cost depends on your vehicle value, risk complexity, and how confident you are navigating a claim independently.

Old Mutual Insure vs iWyze — which is which

Old Mutual operates two distinct short-term insurance channels. Old Mutual Insure is the broker-distributed product for personal and commercial cover. iWyze is Old Mutual's direct-to-consumer brand — same group backing, no broker intermediary, lower base pricing. If you want Old Mutual's financial strength without the broker cost, iWyze is the relevant starting point.