Which Insurance company provides the best comprehensive car insurance in Nigeria ? Let ’ s find out .
The best insurance companies in Nigeria hardly ever segment themselves into either one type of Insurance cover .
They just do all of them. It may sound not so nice, but that ’ s full for you .
You wouldn ’ thyroxine want to have your car policy in caller A. then, have your house insurance with party B. And then, your health insurance with company Z except you just like try. however, there are things to look out for in a car policy company, careless of if you have them in your health or business design before.

What is insurance and how does it work? 

basically, indemnity is a setting whereby a company or a state agrees to give a guarantee of compensating a person for damages, loss, or death. In addition, this compensation comes in rally for the remittance of a fixed fee .
In simple terms, this means such a person will pay an agreed amount of money in gain to the company or state. This money will cover any future damage of assets under the insurance report. Basically, the company achieves this by compensating such persons after the loss of the asset. insurance is like saving up when you have plenty against the showery days .
When you have car policy, you don ’ t need to worry if your car is stolen or damaged, your indemnity party will compensate you by paying for the repair cost of your car. besides, if your damaged car is beyond repair or gets stolen, your indemnity just gets you a newfangled car .
In addition, it is compulsory for you to get car insurance in Nigeria. According to the third-party drive fomite insurance act of 1950, you must get third-party indemnity for your car. The act is termed ‘ third-party insurance ’ and bankruptcy to comply could lead to imprisonment. consequently, it is crucial, fresh, and legal to get insurance for your vehicles .

Types of car insurance policies in Nigeria 

There are two types of car insurance policies in Nigeria. You can pick whichever one suits you best. They include :

1. Third-party Auto insurance 

This is the most democratic insurance caller in Nigeria. Third-party car policy takes care of the bodily injuries and deaths accidents causal agent. In addition, it takes concern of the damages and passing of belongings of any third gear party involved in the accident .
With this type of policy policy, you will not get any compensation for losing your cable car. however, your insurance will cover the cost of your treatment. It will besides cover the costs of any property of another person involved in the accident .

2. Comprehensive Auto Insurance 

This indemnity policy is neither democratic nor mandate in Nigeria. besides, it is a piece different from third-party insurance. With comprehensive car indemnity, the indemnity takes caution of the monetary value of your car when it is stolen or damaged. Basically, the insurance company covers costs for third-party coverage, body damages angstrom well as legal liability for death .

List of Car/Vehicle Insurance Companies in Nigeria

1. AXA Mansard Car insurance

AXA Mansard provides different packages of drive policy. Their plans include :

  • AutoFlex: This is a customizable and flexible motor policy that they provide to help clients make big savings on their motor insurance premiums
  • Auto Plus: This insurance plan covers for flood and other extras. It includes
  • AutoGo: With this plan, you can buy your Third Party motor insurance and get your certificate instantly.

The three different car policy plans cover third-party property damage, third-party bodily injury, larceny, fire damage to the cover fomite, accidental damage, absolve vehicle tracker, and then on. Click to learn more about AXA Mansard Car Insurance

axa mansard car insurance in NigeriaAxa Mansard Car Insurance

2. AIICO Car policy

AIICO Insurance covers different types of automobiles – for private and commercial uses. Their vehicle policy box besides caters for motorcycles and tricycles. Click tp learn more about AIICO Car Insurance .
AIICO ’ second car policy covers the follow class of people :

  • Private Vehicle Owners
  • Multiple Family Owners
  • Taxi Owners
  • Bus Owners
  • Delivery Vehicles
  • Commercial Fleets

aiico motor car insurance in NigeriaAIICO Car Insurance

3. LeadWay Car policy

Leadway ’ s comprehensive examination drive policy provides benefits against loss or damage to your insured car as a result of an accident or a mechanical damage/breakdown .
leadway car insurance in NigeriaLeadway Car Insurance

4. Industrial and General Car Insurance ( IGI )

IGI provides motive vehicle insurance that covers the come :

  • Third-Party Only: This only provides cover for unlimited indemnity for legal liability to third parties for death or bodily injury, legal costs incurred in defending an action for damages, liabilities that arise from accidents on third-party property damage, and so on. You can refer to this post to learn more about professional indemnity insurance.
  • Third-Party Fire & Theft: This car insurance policy provides the third-party only cover along with cover for the risks of fire and theft.
  • Comprehensive: This policy provides cover for accidental damage to the specifically insured vehicle.

igi motor car insurance in NIgeriaIGi Car Insurance

5. custodian and Allied Car indemnity

custodian Motor insurance Policy covers your car, truck, trailer, or motorcycles based on the motor insurance type you choose .
Their fomite indemnity policies include :

  • Comprehensive Insurance Cover: This covers accidental damages, fire, theft, accidental damage to the property of the third-party, death or bodily injury to the third-party.
  • Third-Party Fire & Theft Insurance Cover: This covers accidental damage to only the third-party’s vehicle, death or bodily injury to the third-party.

Frequently Asked Questions

Is it worth getting fully comprehensive car insurance?
If your car is not worth so much, you can save costs by fair getting third-party motive insurance. This is the minimal brood required by law .

What is third party insurance in Nigeria?

This is policy that covers the insure liability for death or injury to a third party or loss/ damage of a third base party ’ sulfur property in the event of an accident. Third-party centrifugal indemnity is a compulsory policy policy in Nigeria .

Does third party insurance cover my car?

Third-Party Property Damage brood protects you from the costs of damage your cable car causes to person else ’ mho car or place, however it doesn ’ t extend to any damage your fiddling beauty suffers in the event of an accident or early insured events.

With so many car indemnity options to choose from, you can easily protect yourself from the fiscal risk that comes with driving. Basically, all you need to do is go through the different insurance options and select what works best for your specific needs .
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