A Look At Cheapest Car Insurance Companies In Nigeria

With Alliance insurance, ladies and male above 45 get a discount of 15% on the premium. Also, you can get 15% of your premium as cashback after 24months without a claim. They also offer other benefits such as free towing.

2. Leadway Assurance

Leadway Assurance car insurance company is a comprehensive car insurance that covers loss or damage incurred on your insured car, either due to an accident, mechanical damage, or otherwise.

On a private car, using our Lexus RX model, comprehensive car insurance comes at the rate of 200, 000 NGN. Third party insurance comes at a rate of 5, 000 NGN for private car insurance while commercial vehicle insurance comes at 7, 500 NGN.

Comprehensive insurance on a commercial vehicle comes at the rate of 300, 000 NGN

3. Zenith Insurance

Zenith comprehensive car insurance comes at the rate of 175, 000 NGN. Third-party insurance comes at a rate of 5, 000 NGN for private car insurance while commercial vehicle insurance comes at 7, 500 NGN

Comprehensive insurance on a commercial vehicle comes at the rate of 200, 000 NGN.

4. Industrial and general car insurance (IGI)

industrial and general car insurance is a special company that insures third party only .

Which covers only covers you for an unlimited amount of loss due to legal liability, injury, damage to your car, an accident, and so on.

Third party fire and theft: This covers a third party whose property is either stolen or has been damaged by fire. There is a policy set with such a replacement risk.

This means the comprehensive policy provides you with cover for accidental damage to the vehicle that is insured.

5. AIICO Insurance American International

AIICO Insurance is a cheap car insurance company

Using our model car, comprehensive car insurance comes at the rate of 162, 500 NGN. Third party insurance comes at a rate of 5, 000 NGN for private car insurance while commercial vehicle insurance comes at 7, 500 NGN.

Comprehensive insurance on a commercial vehicle comes at the rate of 187, 500 NGN.

CONCLUSION

Car insurance is a necessity and for our safety. it’s an investment we would be glad we made. To save ourselves from undue financial burden, get that car insured