The Ultimate Guide to Motor Insurance in Nigeria in 90 secs
Drive Stress-Free with the Perfect Car Insurance Coverage
We understand that looking for the right car insurance can feel like looking for a needle in a haystack. But don’t worry, we’ve got you covered! In this article, we’ll walk you through the world of Nigerian motor insurance policies, including Takaful Insurance. It will be like having a GPS to guide you to the best coverage for what you need.
We’ll also introduce you to the ETAP app, your ultimate co-pilot for handling your auto insurance. You can also watch this video for a vivid, visual grasp of the various types of insurance available in Nigeria.
1. Third-Party Liability Insurance: The Bare Minimum
Picture Third-Party Liability Insurance as the basic shield every Nigerian driver needs. In Nigeria, you must have at least Third-Party Liability Insurance if you own a vehicle. This coverage financially protects you if you cause damage or injury to another person or their property while driving. However, it does not cover damage to your car. Third-Party Liability Insurance is the beginning point for responsible drivers because it is both affordable and compulsory.
2. Comprehensive Insurance: The All-In-One Armour
Think of Comprehensive Insurance to be your car’s full body protection. This insurance is for those who want the most coverage. It covers everything that Third-Party Insurance does, but it also includes coverage for damages to your own car, regardless of who is at fault. It also protects your vehicle from accidents, natural disasters, and vandalism. It may be more expensive, but the peace of mind and financial stability it provides is unparalleled as your insurance provider can replace your vehicle in a situation it can not be repaired after an accident.
3. Takaful (Islamic) Insurance: The Ethical Choice
Takaful Insurance is a mutually beneficial safety net based on shared principles. This Sharia-compliant insurance option is based on mutual collaboration and risk sharing. Participants pool their resources to assist one another in times of need, and any excess funds are returned to those who do not have an accident during the period or donated to charity. It’s an excellent option for those looking for ethical, values-based car insurance coverage. ETAP is one of the few companies that provide Takaful Insurance coverage in Nigeria.
With a solid understanding of Nigeria’s motor insurance landscape, it’s time to embrace the future of insurance in Africa. The ETAP app is like having a personal insurance assistant right in your pocket with these features:
- Insurance in 90 secs with automatic reminder and renewal
- Cash for Insurance Claims in 3 mins with an option of sending to a partner repair centre
- Access to Emergency Assistance in an accident
- Manage multiple insurance policies for multiple vehicles on your phone
- Access to driving insights on your speeding, cornering, braking and phone handling
- Up to 25% discount on your insurance renewal
- Subscribe to a weekly, monthly, quarterly or yearly plan and you can cancel whenever
Choosing the right motor insurance policy in Nigeria is like putting together the perfect playlist for a long road trip. With the right mix of coverage and the ETAP app, you’ll be ready for whatever life throws at you behind the wheel.
Download the ETAP app from today and embark on a worry-free driving journey
