Compare car insurance in Nigeria
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Best overall — claims & strength
Leadway Assurance
★★★★★
NAICOM-licensed
Regulator
Strongest (₦799bn assets)
Financial Strength
Industry-leading (₦117bn paid 2024)
Claims Record
₦15,000/yr (statutory)
Third Party
~3–5% of car value
Comprehensive
Reliable claims
Best For
Pros
- Strongest claims-paying record in the industry
- Rock-solid financial strength
- Full third-party, comprehensive and add-ons
Cons
- Premiums are not the cheapest
- Big-company processes can feel less personal
Fees, eligibility & documents
Fees
Third-party₦15,000/yr (statutory)
Comprehensive~3–5% of car value
ClaimsIndustry-leading record
Eligibility
- A vehicle registered in Nigeria
- A valid driver's licence
- Vehicle particulars
Documents needed
- Vehicle registration / particulars
- Valid driver's licence
- Proof of ownership
Best for motor
NEM Insurance
★★★★☆
NAICOM-licensed
Regulator
Motor market leader
Speciality
₦15,000/yr (statutory)
Third Party
~3–5% of car value
Comprehensive
Motor cover
Best For
Pros
- Motor-insurance market leader by premiums
- Deep motor expertise and reach
- Established, listed insurer
Cons
- Less of an all-lines household name
- Digital experience varies
Fees, eligibility & documents
Fees
Third-party₦15,000/yr (statutory)
Comprehensive~3–5% of car value
SpecialityMotor leader
Eligibility
- A vehicle registered in Nigeria
- A valid driver's licence
- Vehicle particulars
Documents needed
- Vehicle registration / particulars
- Valid driver's licence
- Proof of ownership
Best digital
AXA Mansard
★★★★☆
NAICOM-licensed
Regulator
Digital / instant buy
Standout
Largest among NG insurers
Market Cap
₦15,000/yr (statutory)
Third Party
~3–5% of car value
Comprehensive
Buying online
Best For
Pros
- Best digital buy-and-manage experience
- Large, well-capitalised insurer
- Strong customer service
Cons
- Comprehensive premiums can be higher
- Big-brand pricing
Fees, eligibility & documents
Fees
Third-party₦15,000/yr (statutory)
Comprehensive~3–5% of car value
StandoutDigital / instant
Eligibility
- A vehicle registered in Nigeria
- A valid driver's licence
- Vehicle particulars
Documents needed
- Vehicle registration / particulars
- Valid driver's licence
- Proof of ownership
AIICO Insurance
★★★★☆
NAICOM-licensed
Regulator
Among the largest (₦156bn premiums)
Size
Reliable claims
Reputation
₦15,000/yr (statutory)
Third Party
~3–5% of car value
Comprehensive
Dependable all-rounder
Best For
Pros
- Large, long-established insurer
- Solid claims reputation
- Full motor product range
Cons
- Not a motor specialist like NEM
- Digital less slick than AXA Mansard
Fees, eligibility & documents
Fees
Third-party₦15,000/yr (statutory)
Comprehensive~3–5% of car value
SizeAmong the largest
Eligibility
- A vehicle registered in Nigeria
- A valid driver's licence
- Vehicle particulars
Documents needed
- Vehicle registration / particulars
- Valid driver's licence
- Proof of ownership
Custodian Insurance
★★★★☆
NAICOM-licensed
Regulator
Strong corporate/retail franchise
Strength
₦15,000/yr (statutory)
Third Party
~3–5% of car value
Comprehensive
Comprehensive / higher-value cars
Best For
Pros
- Strong, well-run insurer
- Good for comprehensive and higher-value cars
- Part of a solid group
Cons
- Less retail-motor brand presence
- Fewer budget options
Fees, eligibility & documents
Fees
Third-party₦15,000/yr (statutory)
Comprehensive~3–5% of car value
StrengthCorporate/retail franchise
Eligibility
- A vehicle registered in Nigeria
- A valid driver's licence
- Vehicle particulars
Documents needed
- Vehicle registration / particulars
- Valid driver's licence
- Proof of ownership
48-hour claims promise
Heirs Insurance
★★★★☆
Third-party motor; Flexi Comprehensive motor
Cover Types
NAICOM-licensed general insurer (RIC No. 093, verified on the NAICOM register)
Licence
Company promise: all validated claims paid within 48 hours or less
Claims
First-time buyers who want to buy genuine third-party or entry-level comprehensive cover fully online
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 093)
- Fully digital purchase — website, mobile app and USSD (*1100#) — with published entry prices
- Publicly commits to a 48-hour turnaround on validated claims
Cons
- Younger underwriter than the legacy insurers, so a shorter multi-decade claims track record
- Entry-level 'Flexi' comprehensive tiers carry lower benefit limits — read the cover limits, not just the price
- The 48-hour promise applies after validation; disputed or poorly documented claims can still take longer
Fees, eligibility & documents
Fees
PremiumThird-party from N15,000/year; comprehensive priced against vehicle value (Flexi tiers from N25,000/year) — quote online
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Vehicle registration details required; comprehensive cover requires a declared vehicle value
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle photos/valuation for comprehensive cover
Strong recent results
Consolidated Hallmark Insurance
★★★★☆
Motor third-party; CHI Prime (enhanced third-party); third-party fire & theft; comprehensive
Cover Types
NAICOM-licensed general insurer (RIC No. 007, verified on the NAICOM register)
Licence
Claim settlement promoted as a core service pillar; dedicated claims portal on the site
Claims
Buyers who want a mid-size underwriter with a full ladder of motor cover levels between bare third-party and comprehensive
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 007)
- Unusually complete product ladder, including third-party fire & theft and an enhanced third-party tier
- Online quote-and-buy via its e-insurance platform; group also runs microinsurance and HMO arms
Cons
- Smaller balance sheet and brand than the top-tier motor insurers
- Recent rebrand and domain move (chiplc.com to ch-insure.com) can confuse policy-document and portal links
- Claims procedure details are thin on the public site — get the documentation checklist upfront
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — quote on the e-insurance portal
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value and inspection may be required for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation/photos for comprehensive
Sovereign Trust Insurance
★★★★☆
Third-party motor; comprehensive motor (own damage plus third-party liability)
Cover Types
NAICOM-licensed general insurer (RIC No. 037, verified on the NAICOM register)
Licence
Report-a-claim and track-a-claim portals; publicly reports its periodic claims payouts in the press
Claims
Buyers who want a listed, three-decade non-life underwriter with online purchase and claim tracking
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 037)
- Around 30 years of continuous non-life underwriting and NGX-listed, so accounts are public
- Online quote-and-buy plus a claim-tracking portal, backed by international reinsurance treaties
Cons
- Mid-tier market share — a smaller motor book than the biggest retail insurers
- Claim reporting and tracking require portal login credentials, which adds friction for third-party claimants
- Recent recapitalisation via rights issue signals capital-raising pressure across the sector — check current financials if insuring a high-value vehicle
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — use the online quote-and-buy tool
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation for comprehensive
Large branch network
Mutual Benefits Assurance
★★★★☆
Third-party motor; comprehensive motor (accident, theft and road-mishap cover)
Cover Types
NAICOM-licensed general insurer (RIC No. 027, verified on the NAICOM register); a separate licensed life arm exists
Licence
Group publicly reports large annual claims payouts, motor included, in independent press
Claims
Buyers who want a big retail insurer with physical branch locations and WhatsApp/phone service channels
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 027)
- Over 30 years in business with a large customer base and physical branch locations
- Independent press consistently reports the group paying substantial claims each year, including motor claims
Cons
- Non-life self-service portal was marked 'coming soon' at review time — online motor purchase is less mature than digital-first rivals
- The website does not clearly separate third-party and comprehensive benefit details — you must ask for the policy wording
- Large retail books can mean slower service at peak periods; agree claim documentation requirements upfront
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — request a quote by phone, WhatsApp or branch
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation/photos for comprehensive
Heritage brand (ex-Wapic)
Coronation Insurance
★★★★☆
Third-party motor; comprehensive motor (part of its personal insurance range)
Cover Types
NAICOM-licensed general insurer (RIC No. 046, verified on the NAICOM register)
Licence
Public stance: 'no one should have to wait more than 48 hours' for claims; self-service claims portal
Claims
Buyers who want one of Nigeria's oldest underwriting heritages inside a modern financial-services group
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 046)
- Underwriting heritage dating to 1958, now backed by the Coronation financial-services group
- Publicly commits to fast claims and offers a self-service portal
Cons
- Motor is a modest share of its book, which skews corporate — retail motor service is not its core franchise
- The old coronationinsurance.com.ng address returned errors during this research; product detail sits behind 'learn more' journeys on the group site
- Brand transition from Wapic may still show on older policy documents and third-party listings
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — request a quote via the group site
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation for comprehensive
Zenith General Insurance
★★★★☆
Third-party motor; comprehensive motor (standard general-insurance lines)
Cover Types
NAICOM-licensed general insurer (RIC No. 048, verified on the NAICOM register)
Licence
Handled directly with the insurer — request the claims procedure and documentation checklist in writing when buying
Claims
Buyers who value a strong group brand and are comfortable arranging cover through an agent, broker or branch
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 048)
- Association with the well-capitalised Zenith financial-services brand
- Full suite of general-insurance lines under one underwriter for bundling motor with home or business cover
Cons
- Website is largely script-rendered and published almost no product detail during this research — poor for self-service comparison
- No visible online quote-and-buy journey for motor, unlike digital-first competitors
- Little public detail on motor claims turnaround — get the claims process in writing before paying
Fees, eligibility & documents
Fees
PremiumThird-party at the regulated flat rate; comprehensive priced against vehicle value — contact the insurer or a broker for a quote
Eligibility
- Vehicle owner with a valid Nigerian driving licence
- Third-party motor insurance is legally compulsory in Nigeria
- Declared vehicle value for comprehensive cover
Documents needed
- Valid driver's licence
- Vehicle registration papers
- Valid means of identification; vehicle valuation for comprehensive
Full motor range
Linkage Assurance
★★★★☆
Third-party, third-party fire & theft, Third-Party Plus, comprehensive
Cover Types
NAICOM general-insurance register, RIC 026 (verified August 2026)
Licence
Promotes fast and easy claims with downloadable claim forms; no published settlement timelines
Claims
Drivers who want the full ladder of motor cover options from one insurer, bought online
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 026)
- Four motor cover tiers, including third-party fire & theft, which many insurers skip
- Motor policies can be bought online with a direct buy flow
Cons
- No published claims-settlement timelines or statistics to check the "fast claims" promise against
- NAICOM licence status is not displayed on its own homepage — verify on the regulator's register
- Comprehensive pricing requires a quote; only the buy journey is online-first
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory for vehicles on Nigerian roads; comprehensive is priced against your vehicle's value.
Eligibility
- Vehicle owners and registered keepers in Nigeria
- At minimum, third-party cover is required by law to drive on public roads
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
Regency Alliance Insurance
★★★★☆
Third-party, Third-Party Plus, comprehensive
Cover Types
NAICOM general-insurance register, RIC 034 (verified August 2026)
Licence
Dedicated claims section via customer service; no published settlement timelines
Claims
Drivers who want to buy and renew motor cover through a self-service e-insurance portal
Best For
insurer
Type
Pros
- Verified on NAICOM's general-insurance register (RIC 034)
- Established operator with over 20 years in the Nigerian insurance market (company's stated history)
- Dedicated e-insurance platform for buying motor policies online
Cons
- No published claims-settlement statistics or timelines
- Support hours are weekday business hours (9am–5pm Mon–Fri), which can slow weekend queries
- Licence details are not shown on its own homepage — verify on the regulator's register
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory; comprehensive is priced against your vehicle's value and chosen excess.
Eligibility
- Vehicle owners and registered keepers in Nigeria
- Third-party cover at minimum is required by law
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
70+ years' heritage
Prestige Assurance
★★★★☆
Motor insurance for personal and commercial vehicles; third-party sold directly online, comprehensive by quote
Cover Types
NAICOM general-insurance register, RIC 033 (verified August 2026; also stated in the company's own footer)
Licence
Dedicated claims team with an online make-a-claim portal
Claims
Drivers who want a long-established insurer and instant third-party certificates online
Best For
insurer
Type
Pros
- Verified on NAICOM's register (RIC 033), and one of the few insurers that displays its RIC on its own site
- Over 70 years of operating history in Nigeria (company's stated heritage)
- E-insurance platform issues certificates and policy documents within minutes of payment
Cons
- Online purchase is focused on third-party cover — comprehensive still runs through a quote process
- No published claims-settlement timelines or statistics
- Nationwide office network claimed but branch locations must be confirmed directly
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory and can be bought directly online; comprehensive is priced against your vehicle's value.
Eligibility
- Private and commercial vehicle owners in Nigeria
- Third-party cover at minimum is required by law
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
Pan-African group
Sunu Assurances Nigeria
★★★★☆
Motor insurance (a compulsory class it underwrites for vehicles on public highways); cover levels confirmed at quote stage
Cover Types
NAICOM general-insurance register, RIC 011 (verified August 2026; also stated in the company's own footer)
Licence
Claims can be initiated through its online platform; policy status verification also available online
Claims
Drivers who value the backing of a pan-African insurance group with online policy management
Best For
insurer
Type
Pros
- Verified on NAICOM's register (RIC 011), and displays its RIC in its own site footer
- Member of the SUNU Group, an insurance group operating across multiple African markets
- Online quote, purchase, renewal, policy verification and claims initiation in one portal
Cons
- Website does not clearly break down third-party versus comprehensive options before the quote stage
- No published claims-settlement timelines or statistics
- Smaller Nigerian retail motor footprint than the tier-one local insurers
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory; comprehensive is priced against your vehicle's value.
Eligibility
- Vehicle owners using Nigerian public highways
- Third-party cover at minimum is required by law
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
Anchor Insurance
★★★★☆
Third-party and comprehensive motor insurance (both explicitly offered)
Cover Types
NAICOM general-insurance register, RIC 005 (verified August 2026; also stated in the company's own footer)
Licence
Dedicated online claims portal (claims.anchorinsurance.ng) to file and track claims
Claims
Drivers who want to file and track a motor claim online rather than by phone or branch visit
Best For
insurer
Type
Pros
- Verified on NAICOM's register (RIC 005), and displays its RIC in its own site footer
- A purpose-built claims portal with status tracking — clearer than the email-and-wait process common in the market
- Named Insurance Company of the Year 2019 (award cited by the company)
Cons
- No published claims-settlement timelines to back the digital claims promise
- Full online purchase flow is less developed than its quote and claims tools
- Smaller brand and branch presence than the largest motor insurers
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory; comprehensive is priced against your vehicle's value.
Eligibility
- Vehicle owners in Nigeria — the company notes motor insurance is compulsory for all vehicle owners
- Third-party cover at minimum is required by law
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
Fin Insurance
★★★★☆
Motor third-party and comprehensive
Cover Types
NAICOM general-insurance register, RIC 047 (verified August 2026; also stated on the company's own site)
Licence
Claims reported through a dedicated claims form via its support channels; no published settlement timelines
Claims
Drivers who want quick digital policy issuance from a smaller, NAICOM-licensed insurer
Best For
insurer
Type
Pros
- Verified on NAICOM's register (RIC 047), and displays its licence on its own site
- E-insurance portal issues policies in minutes (company's stated service promise)
- Publishes audited financial figures, including total assets of ₦36.8bn at 31 December 2024 (company's own disclosure)
Cons
- Smaller and younger motor brand than the established names, with a lighter branch footprint
- No published claims-settlement timelines or statistics
- Claims reporting runs through support channels rather than a self-service tracking portal
Fees, eligibility & documents
Fees
PremiumQualitative — request a quote. Third-party motor cover is legally compulsory; comprehensive is priced against your vehicle's value.
Eligibility
- Vehicle owners and registered keepers in Nigeria
- Third-party cover at minimum is required by law
- Comprehensive cover requires the vehicle's declared value
Documents needed
- Vehicle registration details
- Valid driver's licence and means of identification
- Vehicle valuation or declared value for comprehensive cover
