Uber Taxi: Comprehensive Motor Insurances Prices in Nigeria

Four years ago, a family friend got involved in a car crash. She had been trying to avoid a pedestrian and in panic, drove her Honda into a block fence. In total, she spent almost ₦200,000 fixing the car and fixing  the fence. This tragedy would have been easier to recover from if she had genuine comprehensive motor insurance.

One cannot never be too prepared for adverse events  may occur in the near future, and this is why it is important to be insured. Getting insurance means that we have help getting back on our feet if any tragedy occurs. There are various types of insurance packages available – health insurance, in the event that we fall sick (we compared 6 health insurers here), home insurance, car insurance etc.

A while ago, we did an article on how to make ₦250000 a month with Uber . To join Uber as a partner, one of the key requirements is that drivers get comprehensive vehicle insurance. To help us in our decision-making on the best cover to get and from whom, we will be profiling comprehensive insurance covers from twelve popular insurance companies in Nigeria.

Majority of the comprehensive motor insurances checked offer the following basic covers;

  • third party property damages (TPPD)
  • third party bodily injury and death
  • theft
  • fire
  • towing cost.

For extra money, some offer additional benefit/cover such as:

  • provisional car to use for some time in cases of theft or severe damage to vehicle.
  • excess buyback
  • increase in TPPD
  • medical bills
  • cover for loss of personal items
  • no claims bonuses, that allows the policy holder to get a return on premiums paid after a certain number of years
  • protection against natural events (storm, flood, tempest)
  • protection against strike, riot and civil commotion
  • vehicle trackers. Usually provided free for cars worth ₦3 million and above.

According to Uber Nigeria, comprehensive insurance gotten should be inclusive of passenger liability. It is therefore important to let this known to the insurer before buying.

We used a Toyota Camry 2009 worth ₦2.5 million as our benchmark vehicle for all prices stated.

1.) AxaMansard Insurance

Formerly Mansard Insurance, AxaMansard provides three comprehensive motor insurance packages; Auto Plus, Auto Vintage and Auto Classic. Annual insurance cost on our Toyota amounts to N150,000 (Auto Plus), N112,500 (Auto Vintage) and N78,750 (Auto Classic).

Auto Plus includes special features such as free excess buyback and a 5% claims bonus on 3 years consecutive premiums without claims. To get any of these offers today, call Mr Kevwe 08061214981, customer care 01-4485482 or email insure@axamansard.com.

2.) Cornerstone Insurance

Cornerstone Insurance has four comprehensive auto insurance plans; Auto Bronze, Auto Silver, Auto Gold and Auto Platinum. Annually, insurance costs for our Toyota is N62,500 (Auto Bronze), N75,000 (Auto Silver), N87,500 (Auto Gold) and N100,000 (Auto Platinum).

Special features/additional covers: excess buyback at 1% of sum insured; loss of personal effect; personal accident.

For more on this offers, kindly contact Ms. Opurum on 09020027966, uopurum@cornerstone.com.ng

3.) IGI Nigeria

Comprehensive insurance available for our Toyota is N125,000. This is inclusive of excess buyback. For more on this and other offers call (01) 2918853, 2918854, 2918827 and email: info@iginigeria.com

4.) Law Union & Rock Insurance Plc

Using the quote calculator on topcheck, we got an annual insurance cost of N125,000 for the Toyota. For extra cover, the comprehensive standard and plus offers go for N150,000 and N162,500 respectively. Call 09036000066, 01-2931369 for more.

5.) Leadway Assurance

Basic comprehensive motor insurance cover goes for N100,000 on our Toyota. This covers all basic benefits listed above. A check on topcheck showed additional benefits are available in the comprehensive standard and plus plans at an annual cost of N137,500 and N156,250 respectively.

Leadway Assurance can be reached via Skype on 01 2800700. To get this offer you also call Gideon on 01-2700700 (extension number: 2013)

6.) Mutual Benefits Assurance

Using the quote calculator on the Mutual Benefits Assurance website, we arrived at an annual comprehensive insurance cost of N112,500 for our Toyota. For more enquiries on this offer call customer care on 07045251029.

7.) Niger Insurance

According to topcheck, Basic comprehensive insurance cover for Toyota goes for N100,000 annually. For added benefits the standard cover goes for N112,500 while comprehensive plus goes for N137,500. Call 01 – 2121262 , 01 – 2121264 or email info@nigerinsurance.com for more on these offers.

8.) Old mutual Insurance

Topcheck gives an annual insurance cost of N125,000 for basic comprehensive insurance on our Toyota. Comprehensive standard goes for N150,000 while plus goes for N162,5000. Call Old Mutual Insurance customer care on 01-279-3742-6 for more enquiries.

9.) Royal Exchange Plc

Comprehensive insurance cover for a commercial vehicle (our Toyota in this case) costs N150,000 annually. This amount includes cover for passengers liability. For an extra cost the comprehensive insurance will cover against Riots and Strike.  you can reach Royal exchange on +234 -1- 4606690 – 9, info@royalexchangeplc.com

10.) Staco Plc

Comprehensive insurance cover from Staco Plc on the Toyota totals N143,750 annually. As with majority of the others, extra cover is available at more cost. For more, kindly contact Staco Plc through any of these channels. info@stacoplc.com, 08150970457, 01-2952697(skype)

Additional help:

You can use quote calculator tools on CompareInsurance, Myautogenius, Topcheck for comparing comprehensive motor insurance from different insurance companies.

It is advisable to carefully read and understand the terms of agreement before buying any insurance product. Admittedly, there is the challenge of the absence of easy rating system for insurance firms in Nigeria. One can however ask family and friends on recommendations based on service and fast payment of claims.

Have more questions? Feel free to ask in the comment section below.

243 Comments

  1. Emem February 2, 2017
  2. Opurum February 8, 2017
  3. henry white February 24, 2017
    • Ethan Okoli March 6, 2017
  4. Ezekiel March 13, 2017
    • Ethan Okoli March 16, 2017
  5. Adedeji March 19, 2017
    • Ethan Okoli March 24, 2017
  6. Prince Adenuga Joseph Adekunle April 4, 2017
  7. Prince Adenuga Joseph Adekunle April 4, 2017
  8. Paul Lewis June 15, 2017
  9. Ojabowale Oluwole June 15, 2017
  10. Sheye Tesleem July 29, 2017
  11. mohammed August 2, 2017
  12. Ogunjobi Tosin August 3, 2017
  13. cypher August 10, 2017
    • Ethan August 13, 2017
  14. Karèem August 12, 2017
  15. Adegeye Folasade August 29, 2017
    • Ethan September 18, 2017
  16. Emmanuel August 30, 2017
  17. kay October 7, 2017
    • Ethan October 18, 2017
  18. Ime Etim October 17, 2017
  19. Tyler Ayilara December 30, 2017
    • Ethan January 2, 2018
  20. EMMANUEL AMODU January 1, 2018
  21. EMMANUEL AMODU January 1, 2018
    • Ethan January 2, 2018
  22. olorunfemi April 7, 2018
  23. Emmanuel Anderson April 13, 2018
  24. JOSEPH April 20, 2018
  25. JOSEPH April 20, 2018
  26. Onyinye April 26, 2018
  27. Onyinye April 26, 2018
  28. henry May 17, 2018
  29. Bolu July 17, 2018
    • Ethan August 6, 2018
  30. Ovodo September 1, 2018
  31. Williams November 17, 2018
  32. Kingsley Agams October 5, 2020
  33. Zuruny May 5, 2023
  34. Ravvrw May 8, 2023
  35. Kcvwcq May 10, 2023
  36. Yzcyha May 11, 2023
  37. Aolbky May 14, 2023
  38. Teursd May 16, 2023
  39. Cdhyfq May 18, 2023
  40. Kkzegm May 20, 2023
  41. Ldqcjy May 22, 2023
  42. Xfivsk May 23, 2023
  43. Tkpffa May 25, 2023
  44. Mtvwkr May 26, 2023
  45. Htmgam May 27, 2023
  46. Vzwpar May 29, 2023
  47. Hgrqks May 29, 2023
  48. Suowqp May 31, 2023
  49. Zciuba June 1, 2023
  50. Climta June 2, 2023
  51. Hzrulj June 3, 2023
  52. Kvqsmn June 5, 2023
  53. Oabvkm June 6, 2023
  54. Gbfcji June 7, 2023
  55. Vdjtpc June 8, 2023
  56. Cswgrp June 9, 2023
  57. Eakeyw June 11, 2023
  58. Pjlpti June 11, 2023
  59. Eocfuf June 13, 2023
  60. Hgovwx June 13, 2023
  61. Aonjmd June 15, 2023
  62. Xtbgja June 15, 2023
  63. Sjvcyn June 16, 2023
  64. Hlgtdb June 17, 2023
  65. Vnajji June 18, 2023
  66. Rkodwc June 19, 2023
  67. Ydkyzj June 19, 2023
  68. Tugjys June 21, 2023
  69. Gxpdud June 21, 2023
  70. Dadmpj June 23, 2023
  71. Ykqaej June 23, 2023
  72. Iwmsyq June 24, 2023
  73. Jzrmma June 24, 2023
  74. Sdoswg June 26, 2023
  75. Lateia June 26, 2023
  76. Ghdqsa June 28, 2023
  77. Zyrlik June 28, 2023
  78. Kqyuhh June 29, 2023
  79. Vnollp July 1, 2023
  80. Xgncob July 1, 2023
  81. Irmwyu July 2, 2023
  82. Xwdgrv July 3, 2023
  83. Numwjh July 5, 2023
  84. Jxsvgu July 5, 2023
  85. Njnkve July 6, 2023
  86. Akplat July 7, 2023
  87. Blfzja July 7, 2023
  88. Bqvium July 9, 2023
  89. Bkfmgc July 9, 2023
  90. Uwdkby July 10, 2023
  91. Hsebry July 11, 2023
  92. Usrgag July 12, 2023
  93. Rvmptj July 13, 2023
  94. Pfimyc July 14, 2023
  95. Iagbkq July 16, 2023
  96. Snbwef July 17, 2023
  97. Bupxjh July 18, 2023
  98. Pgpssi July 19, 2023
  99. Utwvij July 20, 2023
  100. Inkipx July 21, 2023
  101. Ndfhfx July 23, 2023
  102. Gkvmkb July 24, 2023
  103. Nordueno July 25, 2023
  104. Ndsfoi July 26, 2023
  105. Zqmgrj July 27, 2023
  106. Aaxbws July 28, 2023
  107. Ejssdy July 29, 2023
  108. Stlrrg July 29, 2023
  109. Feziou July 30, 2023
  110. Wqipyf July 31, 2023
  111. Xukgxt August 1, 2023
  112. Wdtdqb August 2, 2023
  113. Zyyfsk August 4, 2023
  114. Vzlnru August 5, 2023
  115. Mhoixi August 7, 2023
  116. Vqbjbr August 7, 2023
  117. Yojitz August 9, 2023
  118. Ndutts August 10, 2023
  119. Npydjv August 12, 2023
  120. Hffvyz August 13, 2023
  121. Wmziad August 14, 2023
  122. Nruthl August 15, 2023
  123. Ryxwbg August 17, 2023
  124. Eauczq August 18, 2023
  125. Gqulew August 19, 2023
  126. Ponnhs August 21, 2023
  127. Dndudg August 22, 2023
  128. Vczcae August 24, 2023
  129. Iipnei August 26, 2023
  130. Oyqkzd August 28, 2023
  131. Dell August 29, 2023
  132. Ieyxba August 30, 2023
  133. Mojosq August 30, 2023
  134. Cjatzp September 2, 2023
  135. Nwdwuq September 3, 2023
  136. Hxnlit September 13, 2023
  137. Tayfwl September 14, 2023
  138. Xrndkq September 15, 2023
  139. Zsjjva September 16, 2023
  140. Fwcgad September 17, 2023
  141. Mhtsnp September 19, 2023
  142. Hnhsxo September 20, 2023
  143. Rpxsuk September 23, 2023
  144. Ydryen September 23, 2023
  145. Hekdfr September 25, 2023
  146. Kuzctd September 27, 2023
  147. Fsoztq September 27, 2023
  148. Aaizrt September 29, 2023
  149. Wzbydw September 30, 2023
  150. Mkixzr October 1, 2023
  151. Mprrjy October 2, 2023
  152. Zzvilx October 3, 2023
  153. Fqcfcq October 4, 2023
  154. Bnwxnl October 5, 2023
  155. Itczzm October 6, 2023
  156. Lowell October 6, 2023
  157. Kymberly October 6, 2023
  158. Shawnetta October 6, 2023
  159. Aquila October 6, 2023
  160. Neysa October 6, 2023
  161. Dianne October 7, 2023
  162. Troy October 7, 2023
  163. Alex October 7, 2023
  164. Igkjrc October 7, 2023
  165. Kelley October 8, 2023
  166. Jere October 8, 2023
  167. Ricardo October 8, 2023
  168. Luca October 8, 2023
  169. Rocky October 8, 2023
  170. Darby October 9, 2023
  171. Ejgbys October 9, 2023
  172. Imuiqd October 9, 2023
  173. Brandon October 10, 2023
  174. Roman October 10, 2023
  175. Njxdhf October 11, 2023
  176. Tmqjyd October 12, 2023
  177. казино онлайн October 12, 2023
  178. казино играть October 12, 2023
  179. Meihqa October 14, 2023
  180. Wzibcl October 24, 2023
  181. Xsedtp October 27, 2023
  182. Rorkks October 28, 2023
  183. Xlsfmb October 29, 2023
  184. Wksauw October 30, 2023
  185. Rzuncl October 31, 2023
  186. Vafqqe November 1, 2023
  187. Ldkphu November 2, 2023
  188. Sarkwg November 3, 2023
  189. Xasmmg November 4, 2023
  190. Wstmtl November 5, 2023
  191. Kkdjba November 5, 2023
  192. Vdlsnz November 7, 2023
  193. Jhnjxn November 7, 2023
  194. Czwilc November 9, 2023
  195. Owpuds November 9, 2023
  196. Tdioue November 11, 2023
  197. Nxyslh November 11, 2023
  198. Mplqnp November 13, 2023
  199. Pxrveb November 15, 2023
  200. Noyaix November 15, 2023
  201. Bfyyxg November 16, 2023
  202. Sagdhf November 17, 2023
  203. Kjcclf November 18, 2023
  204. Zbtaxs November 19, 2023
  205. Hmjxpt November 20, 2023
  206. Gxfbfu November 21, 2023
  207. Arglef November 22, 2023
  208. Anviuj November 23, 2023
  209. Ynbdnd November 24, 2023
  210. Rwfjtw November 25, 2023
  211. Rrazsx November 26, 2023
  212. Nnfohy November 27, 2023
  213. Aiymkt November 27, 2023
  214. Isqlzb November 28, 2023
  215. Rcotkk November 29, 2023
  216. Mrlrfj November 30, 2023
  217. Gtwwtc November 30, 2023
  218. Rnrihz December 2, 2023
  219. Symgdt December 2, 2023

Leave a Reply