NEM Insurance — review & details

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

The motor-insurance market leader by premiums — it writes nearly double its closest competitor — so motor cover is its core strength, with wide reach and a strong retail motor book.

Best for motor

NEM Insurance

The motor-insurance market leader by premiums — it writes nearly double its closest competitor — so motor cover is its core strength, with wide reach and a strong retail motor book.
★★★★☆
4.3/5 · How we rate
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
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How NEM Insurance compares in car insurance

NEM Insurance scores 4.3/5 in our car insurance rankings. Our current top pick is Leadway Assurance (4.5/5). Always compare a few before you decide — see the full car insurance comparison.

NEM Insurance
4.3/5 · this page
 Leadway Assurance
4.5/5
 AXA Mansard
4.2/5
Regulator NAICOM-licensed NAICOM-licensed NAICOM-licensed
Speciality Motor market leader — —
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 Motor cover Reliable claims 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.