For those of us that managed to get a car, you would wonder the type of insurance we use right?

Depending on your car will determine the type of insurance you should go for.

First is to know there are 2 major types of insurance.

Comprehensive and third party. Basically third party of cheaper and very common, while comprehensive offer more coverage.

The idea of motor insurance is for you to have backup plan when something goes wrong, coughing out 100k or 500k that wasn’t planned for can be avoided. So let’s breakdown your best options

The AXA Mansard Insurance Company

They are a well-known international company in Nigeria. They provide a variety of auto insurance packages, each with optional extras to meet particular requirements. AXA Mansard guarantees the security of your drive thanks to its sizable client base and sound financial position.

Leadway Assurance Company Limited

They used to be one of my favorite but I feel in love with AXA. They offers thorough auto insurance coverage, has established a solid reputation as an insurer.

Their auto insurance says:

“Just drive. We got your worries covered. Our auto insurance products cover damage to your car and others, fire & theft, injury to you and other people and repairs caused by an accident.” Which shows their commitment to endurance your safe and supported

Custodian & Allied Insurance Plc

I would classify them the same as Leadway to be honest, I do like their coverage thought which includes Cars, lorries, trailers, motorbikes, and other vehicles. The three forms of auto insurance that the company provides are:

Comprehensive car insurance

Third-party fire & theft cover

Third-party cover only

I know there are few more like Cornerstone or NEM or even startup like MyCoverGenius … I am focusing on the ones I know, or at least a friend used that I have heard positive feedbacks.

Just ensure you choose wisely.

Which vehicle insurance you should consider if you reside in Lagos?

Which vehicle insurance you should consider if you reside in Lagos?