What should I know about Car Insurance?
Over the last years Nigeria's insurance industry has experienced a tremendous success story with growth rates of more than 10% per annum, which were partly based on higher demands from the business sector, but more importantly from an increased awareness of insurance benefits from the general public, which started to buy policies to secure personal belongings.
One of the most popular insurance types for private individuals is actually the car insurance, which became even mandatory by law in 2003. In general, there are three different types of car insurances, namely third party, third party fire & theft, and comprehensive coverage, which more and more Nigerians are currently apply for in order to cover not only reimbursements to third parties, but those costs associated to damages to your car or your health as well (depending on the insurance company).
We created a brief info-graphic of what car insurance in Nigeria is all about. If you want to gain more information on the different policy types, the different car insurance companies, or use TopCheck price comparison tool to compare among car insurance policies for free and save money, please click here.
If you have any questions or need assistance for finding the right policy, please don't hesitate to contact us.