Leadway Assurance — review & details

In Car insurance · By the Rateweb editorial team · How we rate · Details checked 18 Jul 2026

Nigeria's most financially solid insurer with the industry's strongest claims-paying record — the safest pair of hands for both compulsory third-party and comprehensive motor cover.

Best overall — claims & strength

Leadway Assurance

Nigeria's most financially solid insurer with the industry's strongest claims-paying record — the safest pair of hands for both compulsory third-party and comprehensive motor cover.
★★★★★
4.5/5 · How we rate
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
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How Leadway Assurance compares in car insurance

Leadway Assurance scores 4.5/5 in our car insurance rankings. It's our current top pick in this category. Always compare a few before you decide — see the full car insurance comparison.

Leadway Assurance
4.5/5 · this page
 NEM Insurance
4.3/5
 AXA Mansard
4.2/5
Regulator NAICOM-licensed NAICOM-licensed NAICOM-licensed
Financial Strength Strongest (₦799bn assets) — —
Claims Record Industry-leading (₦117bn paid 2024) — —
Third Party ₦15,000/yr (statutory) ₦15,000/yr (statutory) ₦15,000/yr (statutory)
Comprehensive ~3–5% of car value ~3–5% of car value ~3–5% of car value
Best For Reliable claims Motor cover Buying online
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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.