MOTOR INSURANCE

Let peace be the only thing on your mind while you drive!

A Motor insurance policy gives you freedom from the financial burden that comes with accidents or other unexpected situations on the road.

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Why Buy Motor Insurance?

Be on the Right Side of the Law

It’s always better to be on the right side of the law. Driving without a motor insurance policy may put you at the risk of 1-year imprisonment or a fine of N400 or both in Nigeria. To comply with legal requirements and avoid any legal penalties, you have to insure your vehicle with a third-party insurance policy.

Protect your Finances

Road accidents can add unimaginable expenses to your budget in the form of vehicle damages, medical bills, 3rd party property & physical damages, and more. Motor Insurance saves you from these expenses and gives you financial protection against repairing costs or vehicle replacement.

Peace of Mind

Knowing that you have motor insurance to rely on, you can be at peace while on the road. The insurers cover the costs of medical bills and property damages of the 3rd party, saving you from the financial worries. With comprehensive insurance, you can also choose add-ons for a wider coverage.

Key Takeaways

Motor insurance is a safety net that helps you avoid unexpected expenses in case of an accident.

There are two types of motor insurance: third-party and comprehensive.

It is mandatory to buy third-party motor insurance if you own a vehicle.

Motor insurance premiums are based on the vehicle's value and the number of add-ons you buy.

Learn everything about Motor Insurance with our Blogs & Guides

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