Getting started with Car Insurance in Nigeria

If you have ever wondered about car insurance, which one to get, why it seems so important and how to navigate it, you are in the right place. In this article, we answer all of your questions about auto insurance in Nigeria. We explain what it is, why it is important, and how to get the best coverage for your needs.

So whether you are a brand-new driver or you are thinking about buying a new car, read on to learn everything you need to know about auto insurance in Nigeria.

Here is what you will learn:

• What auto insurance is
• Why you need it
• The different types of car insurance
• How to get started with auto insurance in Nigeria
  

What is Car Insurance?

Car Insurance is a contract between you and an insurance company that protects you from financial losses if you are involved in an accident or your vehicle gets damaged. In exchange for paying an agreed fee (called a premium), the insurance company agrees to cover your losses as outlined in your policy.

Why do you need auto insurance?

So, what does this mean for you? In Nigeria, it is compulsory for all drivers to have third-party insurance. This is the minimum level of car insurance that covers the driver's liability for damages to other people or property in the event of an accident. The insurance company will pay for the victim's medical expenses, vehicle repairs, and other costs, up to the limits of your policy.

With car insurance, you also get protection for your own assets as well, in the case of any accident. This way, you don’t just protect others but take active steps to also protect yourself as well.

In addition to covering the cost of repairs, auto insurance can also help pay for medical expenses if you are injured in an accident. And if you have passengers in your car, depending on the type of policy you have, their medical expenses could also be covered by your insurance.

Of course, auto insurance is not just about protecting yourself from financial losses. It is also about protecting your peace of mind. Knowing that you are covered in the event of an accident can give you peace of mind and allow you to focus on getting back on the road.

Types of Auto Insurance in Nigeria

There are two main types of auto insurance in Nigeria: third-party and comprehensive insurance.

Third-Party Auto Insurance

This is the most basic type of auto insurance and is required by law. It covers damage or injuries you cause to other people (third-party) or their property in the event of an accident. However, it does not cover damage to your own car or medical bills.

Comprehensive Auto Insurance

This type of insurance offers more extensive coverage. It covers damage to your own car, medical bills, and other expenses, in addition to third-party coverage. It also typically provides a broader range of coverage than third-party insurance, including protection against fire, theft, and natural disasters.

Get Started With Car Insurance in Nigeria in 3 steps

Now that you know why you need auto insurance, here is how to get started:

1. Choose the type of insurance you want: Do you want only the compulsory third-party insurance or you would prefer to have more extensive coverage with comprehensive insurance?

2. Compare policies from different insurance providers: Once you know what type of insurance you need, it is time to start shopping around. It is important to compare quotes and policy benefits from different insurers to get the best deals that work for you. You can do this easily on Ombrella in just a few minutes.

3. Choose your provider and pay for the policy: After comparing policies, choose the insur ance provider that works best for you and pay for the policy. You will then be issued an insurance certificate, which you should keep in your car at all times.

That is it! Getting car insurance in Nigeria does not have to be difficult. Just follow these steps and you will be on your way to peace of mind on the road.

Here's how Ombrella can help

While getting auto insurance in Nigeria might seem like a maze, using Ombrella is the perfect way to help you navigate the process easily. As insurance brokers, we help you find the insurance providers and policies that best suit you and bring them to you, all in one place. You can compare quotes from different insurance providers at a glace and view all your options at once. We also offer customer support to help you through the process, from start to finish.

You are just a click away from having peace of mind while you drive! Get started with Ombrella today a nd find the perfect car insurance for your needs.

Still got questions on car insurance? Read our comprehensive guide to find out all yo u need to know before getting a motor insurance policy.