This article is about the Best Comprehensive Car Insurance in Kenya, so, read on to the end.
Insurance is not a popular culture among Kenyans, but most car owners understand the importance of having an insured vehicle.
Car insurance is a legal requirement, and it is critical, especially for damages such as those caused by accidents or theft.
Comprehensive car insurance, on the other hand, is not required, but it is the best option for insuring your vehicle. This is because it provides the highest level of protection for your vehicle and comprehensively covers your vehicle against loss and damage from accidents, fire, floods, and legal liability to third parties- provides full third-party benefits.
The only disadvantage of comprehensive insurance is that it is quite expensive when compared to other types of insurance.
So, which is the best comprehensive car insurance in Kenya?
Read on to the end.
Best comprehensive car insurance in Kenya
The best comprehensive car insurance in Kenya is Jubilee comprehensive car insurance. It’s one of the biggest comprehensive car insurance companies in Kenya and also in the East African region.
Jubilee’s comprehensive car insurance cover insures your car bumper- to-bumper. Its comprehensive car insurance policy is very extensive and offers overall protection against damages to both parties involved in an accident or theft, fire, vandalism, and much more.
Now, allow me to add more information on comprehensive car insurance in Kenya.
Comprehensive insurance cover price in Kenya (comprehensive insurance cost in Kenya)
When it comes to the best comprehensive car insurance in Kenya, the following companies have the best reputation in terms of paying liabilities (how fast), customer care, etc.
Geminia Insurance is a Kenyan-owned company that has been in business since 1982. It has since expanded to several branches across the country.
Geminia comprehensive car insurance provides a diverse range of car insurance policies in the Kenyan market, including private, commercial, and PSV insurance for vehicles on Kenyan roads.
Well, it covers the cost of repairs or replacements for your vehicle.
Furthermore, it protects against emergency repairs, transportation costs, and damages caused by other drivers on your vehicle.
Geminia Insurance contacts
Location: Geminia Insurance Plaza, Kilimanjaro Avenue, Upperhill
Madison comprehensive car insurance is one of the most popular covers on the Kenyan market.
Madison covers private cars, PSV chauffeur-driven vehicles, car-hire vehicles, and motor commercial vehicles.
Apart from covering damages caused by accidents, fire, or theft, Madison also covers legal liability for damages, including related costs and expenses for third-party property; the legal liability, though, must be as a result of an accident by or in connection with the insured car.
Madison Insurance Contact:
Location: Madison Insurance House, Upperhill, Nairobi
Phone: +254 20 2864 000/ +254 709 922 000
- Cooperative Insurance Company (CIC)
CIC is a trusted, world-class insurance and financial services provider that serves several countries across the East Africa region.
A CIC comprehensive car insurance policy covers your car against accidental damage, malicious damage, theft, fire, third-party liability, floods, riots, strikes, and civil commotions.
In addition, CIC’s comprehensive car insurance cost ranges from 3.5% to 6% of the value of the car.
CIC Insurance contacts
Location: CIC Plaza, Mara Road, Upperhill, Nairobi
Phone: +254 703 099 120
UAP comprehensive car insurance is one of the biggest and oldest insurers in Kenya, which pays your claims and offers you enhanced benefits at the cheapest rates.
UAP offers a wide range of services in its comprehensive car insurance cover.
Its policies safeguard you against losses and damages to your car brought about by accidents, fire, or theft.
UAP Insurance contacts:
Location: Bishop Garden Towers, Bishop Road, Nairobi
Phone: +254 711 065 000
As I mentioned earlier, Jubilee Insurance is the best when it comes to offering comprehensive car insurance policies.
Its comprehensive car insurance policy is extensive and offers overall protection against damages to both parties involved in an accident or theft, fire, and much more.
Apart from that, it covers any claim made by third parties.
Besides, it provides comprehensive coverage for both private and commercial cars. They offer an unbeatable rate of 2.25% of the insured’s estimated value for all your car insurance needs.
Jubilee Insurance contacts
Location: Jubilee Insurance Centre, Wabera Street, Nairobi
Phone: +254 203 281 000
Cost of comprehensive car insurance in Kenya – more information
The cost of comprehensive car insurance varies depending on the vehicle’s value as well as its age.
Furthermore, comprehensive insurance includes deductibles, which allow a driver to select different deductibles based on perceived risk levels in each of the areas.
As a result, the higher the cash value of a vehicle, the more expensive a comprehensive insurance policy will be, and vice versa.
However, there is an age limit for vehicles; most insurers will not accept vehicles older than 12 years.
More recently, it was revealed that five Toyota car models [Probox, Succeed, Sienta, Passo, and Porte] and all Suzuki car models were valued at less than Kshs. 1,000,000 will be excluded from comprehensive insurance policy.
Precisely, it’s the GA insurance company that has withdrawn the comprehensive car insurance policies, but soon it might become the norm even with the other insurance companies.
The denial of the comprehensive coverage policy came as a result of massive losses caused by the vehicles.
So, just to be on the safe side, if you wish to purchase a car in the future, don’t go for any of the above models in order to enjoy superb, comprehensive car insurance policies.
Comprehensive car insurance rates in Kenya
Insurance rates keep changing from time to time due to fluctuations in the economy.
For starting insurance companies that are just beginning to offer comprehensive car insurance cover, there rates starts from 4.5% while for most of the best comprehensive insurance companies in the country, their premium rates are almost to 7%.
Comprehensive car insurance calculator Kenya
A comprehensive car insurance calculator is a learning tool that teaches you about insurance coverage and the various factors to consider when deciding on limits and deductibles.
The calculator helps you determine the best suitable coverage for your car based on the personal and car information you provide, as well as your driving habits.
The cost of car insurance is determined by the car’s value, age, and the additional benefits included in the policy.
Insurance companies use the “actual cash value” of your vehicle, which is its replacement cost less depreciation, to calculate the cost of comprehensive coverage. That is, the less expensive your vehicle, the lower your comprehensive coverage.
Comprehensive motor vehicle insurance in Kenya
It is auto insurance that protects you, your vehicle, and third parties from all potential risks.
The comprehensive motor vehicle policy protects the insured against financial loss in the event that the motor vehicle is involved in an accident, catches fire, or is stolen.
Cheapest comprehensive car insurance in Kenya
Bingle comprehensive car insurance is well-known for its low rates.
Bingle only covers the essentials, such as car damage, theft, and storms; it excludes add-ons and extras, such as a third-party or theft policy.
This policy is an excellent low-cost option for those who want to be covered in the event of an accident but don’t mind foregoing some of the conveniences of comprehensive car insurance coverage.
Still, it’s also a great option if you prefer to manage your insurance online and don’t want to go to their physical locations.
Bingle’s comprehensive car insurance protects you against loss or damage to your vehicle caused by accidents, storms, hail, fire, and theft.
What does comprehensive car insurance cover in Kenya?
It covers the entire car comprehensively-only the car-so the company only pays for car repair or replacement and any claim made by third parties.
However, it does not pay any claim for loss or damage made by the policyholder.
So, if you want to be covered yourself, you’ll have to get a rider in form of a personal accident cover- at a few extra thousands.
Summary on Best Comprehensive Car Insurance in Kenya
Having come to the end of best comprehensive car insurance in kenya, its worth mentioning that,most common add-ons for the comprehensive car insurance, are the excess protector for own damage and also the political violence and terrorism rider.
Also, there are quite a number of comprehensive car insurance companies that I have not mentioned above that still offer great comprehensive coverage policy for your vehicle.