Connect with us

Hi, what are you looking for?


Best Car Insurance Company In Nigeria

Want to know the best car insurance company in Nigeria? Stick around then. Best Insurance companies in Nigeria don’t focus on particular insurance. That is, they hardly segment themselves. So, below are list of some of the best companies currently. Let’s get started.


Before we dive right in, reasons, why most insurance companies don’t usually segment themselves is because: you wouldn’t want to have your car insurance in company A. Then, have your house insurance with company B. And then, your health insurance with company Z except you just like stress. However, there are things to look out for in a car insurance company, regardless of if you have them in your health or business plan before.

Here are Top Vehicle/Car Insurance Companies In Nigeria

1. AXA Mansard Car Insurance

AXA Mansard provides different packages of motor insurance. 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 insurance plans cover third-party property damage, third-party bodily injury, theft, fire damage to the insured vehicle, accidental damage, free vehicle tracker, and so on.

Car Insurance Company In Nigeria
Axa Mansard Car Insurance

2. AIICO Car Insurance

AIICO Insurance covers different types of automobiles – for private and commercial uses. Their vehicle insurance package also caters for motorcycles and tricycles.

AIICO’s auto insurance covers the following category of people:

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

While reading this, kindly check out Top 4 Travel Insurance Companies in Nigeria

aiico motor car insurance in Nigeria
AIICO Car Insurance

3. LeadWay Car Insurance

Leadway’s comprehensive motor insurance provides benefits against loss or damage to your insured car as a result of an accident or a mechanical damage/breakdown.

Car Insurance Company In Nigeria
Leadway Car Insurance

4. Industrial and General Car Insurance (IGI)

IGI provides motor vehicle insurance that covers the following:

  • 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.
Car Insurance Company In Nigeria
IGi Car Insurance

5. 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, 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.

Here Are Some Frequently Asked Questions

Is it worth getting fully comprehensive car insurance?

If your car is not worth so much, you can save costs by just getting a third party motor insurance. This is the minimum cover required by law.

Also, Read Insurance Companies in Nigeria and Factors to Consider Before Choosing Insurance Company

What is third party insurance in Nigeria?

This is an insurance that covers the insured liability for death or injury to a third party or loss/ damage of a third party’s property in the event of an accident. Third-party motor insurance is a compulsory insurance policy in Nigeria.

Does third party insurance cover my car?

Third-Party Property Damage cover protects you from the costs of damage your car causes to someone else’s car or property, however it doesn’t extend to any damage your little beauty suffers in the event of an accident or other insured events.

Info: If you found this article helpful, kindly drop a comment below this article. If you think this post can be helpful to somebody else, please share it using the share-buttons above!!!. | Follow us on Twitter @Shoreloop. | Like us on Facebook.

Written By

I just love sharing educational and useful info to people and also I'm a game freak.

Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like


Make Money For Your Tiktok Videos With Tiktok has created a new feature called SoundOn. Using this new function, artists can utilize TikTok...


SEPLAT Undergraduate Scholarship 2022/2023 for University student Is Ongoing. This is to inform the general public that Seplat Scholarship 2022 is Out. The SEPLAT...


Through David Nweze Umahi University of Medical Sciences, Ebonyi State Government is offering one year scholarship to six candidates from each of the thirty...

School News

Osun State Schools of Nursing and Midwifery Releases 2022 Basic Nursing Exam Results – TEAM PLATO REPORTS ...