The Top 10 Car Insurance Companies in Nigeria 2023

Sponsored Links

Do you need car insurance for your business or personal needs? I am sure you must have been looking for the best car insurance company that will help you to fulfill your needs.

That’s why I have compiled a list of the top 10 car insurance companies in Nigeria. If you don’t mind, take your time to read to the end.

The Top 10 Car Insurance Companies in Nigeria

1. Zenith Insurance PLC

Zenith Insurance PLC is one of Nigeria’s foremost insurance providers. It was established in 1994 and provides different insurance services for individuals, corporate organizations, and government establishments. 

Zenith Insurance offers different types of insurance packages that you know. Some of them include motor vehicles, life, travel, home and property, health, business liability, oil and gas among other specialized covers. 

The company has branches spread across the country and over 500 brokers providing its services to clients. 

This is the first on my list and you can consider zenith bank insurance for your car insurance if you’re looking for the premium package at a subsidized rate. 

2. Old Mutual Nigeria

Old Mutual Nigeria is a subsidiary of Old Mutual Limited, an international financial services group founded in South Africa in 1845. 

This company like zenith bank also provides different insurance products and services including life, health, motor, travel, and home insurance. 

Their mission is to provide customers with cost-effective insurance plans that meet their individual needs and financial goals.

So, if you need car insurance for your car finance, don’t hesitate to contact Old Mutual Nigeria insurance company.

3. Cornerstone Insurance

Next here on my list is Cornerstone Insurance which was founded in June 1991 and currently is one of the leading composite insurance companies in Nigeria. If you are curious to know about the coverage offered by Cornerstone Insurance in Nigeria, check the below list. 

  • Motor Insurance 
  • Home Insurance
  • Fire Insurance 
  • Marine Insurance 
  • Aviation Insurance
  • Public Liability Insurance 
  • Cash In Transit Insurance 
  • Third Party Liability Insurance 
  • Commercial Vehicle Insurance 
  • Personal Accident Insurance 
  • Goods In Transit Insurance
Apply Now:  How to Start Local Dropshipping Business in Nigeria with 200k, 100k, 50k or Less

Indeed, if you’re looking for a dependable motor insurance company that will help assist you to achieve full-stack insurance in Nigeria, why not give Cornerstone a trial? 

4. Custodian and Allied

Custodian and Allied can be found in the top 10 car insurance companies in Nigeria, and it was founded in 1995. 

As a leader in the insurance market industry, the company provides different coverage alternatives, such as auto insurance, general accident insurance, life insurance, and corporate pensions. 

Lest I forget, they also provide financial services like investments and savings. 

Custodian and Allied general accident insurance protects customers against medical costs, death, and disabling conditions. In the event of death or disability, the life assurance policy enables customers to support their loved ones.

So if you’re looking for a car insurance company with expertise, comfort, and affordable prices, custodian and Allied get you covered

5. Leadway  Assurance

This is the next auto insurance company here. Leadway Assurance is one of the first insurance companies to be incorporated in Nigeria and has remained at the forefront of the industry ever since. 

Leadway Assurance offers coverage for Motor, Travel, Health, Home, Marine, Workmen’s Compensation, and many other insurance services. 

Leadway Assurance is a reliable and trusted provider of different insurance services in Nigeria and they have been trusted. They offer comprehensive coverage for a variety of needs at competitive prices.

Apply Now:  7 Profitable Businesses to Invest 1 Million Naira for 500% Monthly Return on Investment

6. Mansard Insurance

Mansard Insurance is a leading provider of car insurance in Nigeria. 

In 1989, mansard insurance was established as a car insurance company and has been offering continuous services. Some of their coverage include third-party, comprehensive, and collision coverage, coverage for accidents, fire and theft, personal accident, and other specialized forms of coverage.

Additionally, Mansard provides roadside assistance and 24/7 customer service. 

As a bonus to customers, they also provide discounts for purchasing multiple policies and loyalty programs.

7. AIICO Insurance PLC

If you’re looking for a car insurance company that is less expensive why not go for AIICO Insurance PLC? 

This company was birthed 3 years after Nigerian independence and has since then been recognized and widely known as the best insurance company when it comes to Car insurance. 

For all their customers, they offer different policy options and flexible terms to meet their needs. 

Some of these coverage include Motor Insurance, Home Insurance, Travel Insurance, Health Insurance, Life Insurance, Business Insurance, Liability Insurance, and Marine Insurance.

8. Niger Insurance

Niger Insurance, what is it all about? You may have asked the question. Well, like other aforementioned insurance companies, they offer competitive insurance for businesses or individuals who want to insure their car or motor vehicle.

As we all know, Niger Insurance was established after the Western election crisis of 1964. Originally, it was founded in 1965 and has since then maintained its diverse insurance structural services such as motor insurance, health insurance, life assurance, education insurance, and travel insurance. I you don’t know, Niger Insurance provides coverage for motor vehicles, machinery, assets, public liability, fire and theft, marine cargo, and more. 

Apply Now:  How to Start Saving Your Naira in Dollars and Foreign Currencies | Simple Guide

9. Prestige Assurance

As the name implies, Prestige Assurance is a leading insurance company in Nigeria, providing excellent insurance services since its inception in 1984. 

The company was founded with the aim of providing quality insurance services to individuals, families, and businesses. Prestige Assurance offers both life and non-life insurance products to meet the needs of its customers. 

If you’re in search of an auto insurance company that offers excellent services for its customers in Nigeria, I am assured that this prestigious organization gets you covered. 

10. Industrial and General Car Insurance

Industrial and General Car Insurance is one of the leading top insurance companies in Nigeria. 

This insurance company was founded by Oluremi Oluwude in 1992. This company features all coverage excluding life insurance.

If you’re looking for one of the best options, Industrial and General Car Insurance is a good option to consider. 


Who is the best insurance company in Nigeria?

According to my research in January 2023, Zenith Insurance PLC is the best insurance company in Nigeria that offers bespoke all-around insurance services.

Which is the best company to buy car insurance from?

In Nigeria, the best company to purchase your car insurance is Cornerstone Insurance. They offer competitive prices depending on what you want to insure. 

What is the World’s No 1 insurance company?

The best world-class insurance company in the world is Ping An insurance group in the United States.

Sponsored Links

Leave a Reply

Back to top button