Choosing the Best Car Insurance in Nigeria

Nowadays, a lot of persons cannot drive their cars without getting them insured first. The reason is that this class of persons are knowledgeable enough of what car insurance entails. On the other hand, some persons who dream of having their own car don't even have an idea of what car insurance is all about. For some of us, our cars are one of our biggest invests and expensive possessions. In view of this, it is very necessary we get them ensured against some unforeseen circumstances. Getting an insurance for your car help protect and add value to your car.
Choosing the Best Car Insurance in Nigeria
These days, it isn’t too difficult to find a great company that provides reliable car insurance policy in Nigeria. But that notwithstanding, as a car owner, you must also be knowledgeable enough about what you’re getting into to prevent fraudulent companies from taking advantage of you. Bearing in mind that all you really need is peace of mind and protection for your car. Because getting your insured with a good car insurance company shall give you a peace of mind.

In Nigeria, car dealers do always recommend their customers to get a car insurance policy. Let me quickly say here that your car dealer is very correct to have recommended you to get a car insurance policy for your new car or second-handed car. The reason for doing that can never be overemphasized.

However, today, it is very common for many car owners to not get insurance policies directly from the car dealer because there are more affordable and greater options if you get one from an actual car insurance company.

But the question now is; must you get an insurance policy for your car as a car owner in Nigeria? The answer to this question is yes. You have to. Apart from the benefits, according to the Nigerian Insurance Act 2003, it is mandatory for every car owner to have a third party car insurance policy in Nigeria.

Third party car or motor insurance is a form of insurance which provides protection/cover for any damage, injury or even death caused by your own car on third parties. And according to research, a lot Aside from this insurance policy, there is also another form of insurance policy which is known as comprehensive. This insurance policy unlike the third party form of insurance, provides protection for you, your car and the third parties. So, having a comprehensive insurance policy gives you an unfair advantage over people that have their car covered by third party insurance policy.

Having outlined that, it is now let for you to choose the type of insurance policy which you wish to get your car insured with.

Read: 3rd Party Car Insurance In Nigeria | All You Must Know

In summary, there is a marked difference between third party and comprehensive form of insurance policy. To add to what we already outlined above, the comprehensive insurance policy provides coverage for your vehicle in incidents such as theft, accidents, fire, as well as the third-party insurance policy. But, a third party car insurance policy in Nigeria only provides coverage for the damages you or your driver may have caused on another car or cars while driving your insured vehicle.

So, the bottom line is this, as a car owner, though the comprehensive form of insurance is a bit expensive compared to the third party counterpart, it is always advisable for you to choose the comprehensive insurance policy if you can afford it.

Note: If you're going to get your car insured, ensure you do that with a company that is fully registered. Doing will, in turn, give you the peace of mind you would need or deserve.

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