Best Auto Insurance In Nigeria: Top Company Reviewed

Auto insurance is a necessity for car owners in Nigeria, as accidents, theft, and other liabilities can occur at any time. While some Nigerians view car insurance as an unnecessary expense, it is actually compulsory by law and serves as invaluable protection. When deciding on an auto insurance policy, it is important to conduct thorough research and compare different companies' offerings. Some factors to consider include the level of coverage, long-term returns, company reputation, and the ability to combine different types of insurance. Additionally, vehicle tracking and telematics services, as well as discounts on premiums, may be offered by certain providers. This paragraph introduces the topic of the best auto insurance policies in Nigeria, highlighting the importance of comprehensive research and consideration of various factors when making a decision.

AXA Mansard Insurance PLC

AXA Mansard provides a selection of motor insurance packages to cater to varying customer needs and budgets. Their range of auto insurance plans includes:

• AutoFlex: A highly customizable and flexible policy, allowing clients to make significant savings on their motor insurance premiums.
• Auto Plus: This plan offers coverage for flood damage and other additional benefits.
• AutoGo: With this option, customers can instantly obtain third-party motor insurance.

These three plans encompass comprehensive coverage, including third-party property damage, third-party bodily injury, theft, fire damage to the insured vehicle, and accidental damage. AXA Mansard also offers a free vehicle tracker with certain plans.

The company is distinguished by its ability to cater to diverse financial capacities through its carefully structured car insurance plans. AXA Mansard's AutoFlex plan, in particular, stands out for its customizability and comprehensiveness, covering third-party liability, own damage, windscreen damage, and more.

AXA Mansard's commitment to customer support is evident through their team of experienced and professional staff, always ready to provide assistance. The company also offers a convenient claims process, allowing customers to submit claims through their website. Furthermore, customers can take advantage of premium discounts and bonuses, enhancing the overall value of their auto insurance policies.

In summary, AXA Mansard Insurance PLC is a top-tier insurance provider in Nigeria, offering a diverse range of auto insurance options tailored to meet the needs of its customers. With their comprehensive coverage, flexible plans, strong financial backing, and dedicated customer support, AXA Mansard is a reliable choice for individuals seeking auto insurance in Nigeria.

Leadway Assurance Company Limited

History

Established in 1970, Leadway Assurance commenced business in 1971 as a direct motor insurer with a passion for customer service. The company has grown to become one of Nigeria's largest insurance firms, recognised for its significant market presence and comprehensive range of insurance products and services.

Auto Insurance

Leadway's auto insurance policies cover third-party liability, own damage, windscreen damage, personal accident, and more. You can also choose to add on extras such as roadside assistance and medical expense coverage.

Customer Service

Leadway Assurance is committed to providing excellent customer service, ensuring that you're in good hands. The company offers discounts to customers who meet specific criteria, such as students or members of certain organisations.

Claims Handling

For over five decades, Leadway has honoured its underwriting commitments and earned a reputation for excellence in claims handling. The company is known for its prompt and fair settlement of claims, ensuring that customers receive their dues without delay.

Innovation

Leadway Assurance is also known for its innovative solutions, such as the Leadway App, which allows customers to transact all insurance businesses on their mobile devices. Additionally, the Leadway VehiScanner, an AI-powered system, facilitates vehicle inspections and claims processing.

With its comprehensive auto insurance coverage, excellent customer service, efficient claims handling, and innovative solutions, Leadway Assurance Company Limited is a reliable choice for car insurance in Nigeria.

AIICO Insurance PLC

AIICO Insurance has a team of experienced and professional staff who are always ready to offer help and support. Their third-party insurance is one of the best in the industry, so you can be sure that you and your car are covered.

AIICO's auto insurance covers the following categories of people:

• Private vehicle owners
• Multiple family owners

The company also offers vehicle insurance for motorcycles and tricycles.

If you're looking for an insurance company that offers comprehensive coverage at an affordable price, then AIICO Insurance is a good option.

Industrial and General Car Insurance

IGI offers both third-party and comprehensive insurance plans for its customers. With their third-party insurance plan, you will only be covered for damages caused to other people or property. On the other hand, their comprehensive insurance plan covers damages to your car, as well as third-party damages.

One of the standout features of IGI is their reliable road assistance. They also provide a fast and state-of-the-art tracking system to ensure that your insured vehicle is always accounted for. In addition, IGI has a 24/7 customer service hotline that you can call in case of emergencies or queries.

When it comes to auto insurance, IGI offers a range of benefits. Their motor vehicle insurance covers third-party liability, including unlimited indemnity for legal liability for death or bodily injury to third parties, legal costs incurred in defending an action for damages, and liabilities that arise from accidents on third-party property damage.

IGI also offers a third-party fire and theft insurance policy, which includes the benefits of the third-party only cover, along with coverage for fire damage and theft.

If you're looking for more extensive coverage, IGI's comprehensive insurance policy is a great option. This policy provides cover for accidental damage to the insured vehicle. So, if you're looking for reliable car insurance in Nigeria, Industrial and General Car Insurance is definitely worth considering. They have a strong foundation in auto insurance and offer a range of benefits to meet your needs.

Custodian and Allied Car Insurance

Custodian Motor Insurance Policy covers your car, truck, trailer, or motorcycles based on the motor insurance type you choose. Their vehicle insurance policies include:

Comprehensive Insurance Cover

This covers accidental damages, fire, theft, accidental damage to the property of the third party, and 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 and death or bodily injury to the third party.

Benefits

• Emergency medical expenses in the event of an accident.
• Towing Fee covered up to a maximum limit provided your car is towed to the nearest and reasonable place for safekeeping or repair.
• Cover for Personal effects in the vehicle following an accident and/or theft up to a maximum limit.
• Flood, Risk of Strikes, Riots and Civil Commotion – payment of additional premium.

Frequently asked questions