How and why you need a car insurance in Nigeria

Many people in Nigeria, most people have wrong thoughts pertaining auto insurance policies and tend not to buy the idea of insurance because they think it is not necessary.

Nevertheless, auto insurance, like any other insurance cover, is used to protect the citizens and cover any financial loss which may occur from operating regular motor vehicles such as, cars, motorcycles, buses, etc, and special vehicle types like tractors, road rollers, excavators, etc.

Also, an auto insurance certificate is a mandatory document for every vehicle owners to have in Nigeria.

Below are figured out steps to get an Insurance cover in Nigeria

1. Make research or contact insurance companies in Nigeria

For making research you simply do a Google search or visit naicom.gov.ng to get full list of insurance companies in Nigeria.

This are some recommended insurance companies in Nigeria.

  • Zenith Insurance Plc
  • AIICO Insurance Plc
  • Leadway Assurance Plc
  • Cornerstone Insurance
  • Consolidated Hallmark Insurance
  • FBN General Insurance
  • AXA Mansard Insurance Plc
  • Old Mutual Nigeria

2. Select your prefer type of Auto insurance

Immediately you are done and you’ve found the list of insurance companies from your research in Nigeria, then select your suit company you will like to buy your policy from. You’ll now contact them or visit their nearest office.

They will require you to fill some form, some of this forms will include:

  • Motor Proposal Form
  • KYC Form
  • Motor Insurance Physical Inspection Form

While filling the you will likely be offered “Third Party Auto insurance” and this option is compulsory in Nigeria.


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