In Nigeria, third-party insurance is compulsory under the Motor Vehicle (Third Party) Insurance Act of 1950. It is one of the six classes of insurance made compulsory under the laws of the Federal Republic of Nigeria
If you’re looking to buy car insurance or you are just assessing your current car insurance policy – you should consider comprehensive insurance coverage. Learn what comprehensive insurance helps protect, how it is different from other car insurance coverage and how it works in Nigeria.
Please note that there are several other types of car insurance policies available in the market. Each with its specific coverage level and add-ons options. You can customize your car insurance coverage according to the budget, extend the cover to the person driving it, and so on – when purchasing your car insurance policy.
Who knows how much car insurance costs in Nigeria? What are the car insurance rates in Nigeria? Those were rhetorical questions. If you knew, you probably wouldn’t be disturbing Google about it. As if it’s some sort of unspoken rule, virtually every Insurance company website I’ve visited to get a clue about this sort of information hardly […]