Car owners, let’s discuss something we all think about but sometimes avoid—car insurance. If you’ve been considering upgrading from basic third-party coverage to comprehensive insurance, you’re probably wondering, “How much is this going to cost me?”

What’s the Deal with Comprehensive Car Insurance?
Unlike basic third-party insurance that only handles damage to other people’s vehicles, comprehensive insurance actually protects YOUR car too. We’re talking coverage for theft, fire damage, accidents, flood—pretty much all those things that keep you up at night when you think about your beloved vehicle.

What Makes Your Premium Go Up or Down?
Your insurance costs aren’t pulled from thin air. Here’s what really influences that number:
How fancy is your ride? Driving a luxury SUV? Your premium will likely be higher than your friend with the modest sedan. Makes sense—replacing that imported engine costs way more!

Your driving track record. Been in three fender benders this year? Expect to pay more than your friend who drives like they’re taking their driving test every day.

Your car’s age. That brand new car smell comes with higher premiums, but don’t think your 15-year-old vehicle will necessarily be cheaper—sometimes older cars with hard-to-find parts can be expensive to insure too.

Security features. If you’ve installed tracking devices, alarms, or immobilizers, these security features can actually lower your premium.

Location matters. Living in certain areas of Lagos might mean higher premiums than living in some quieter towns. Secure overnight parking definitely helps your case.

So, What Are We Looking at Price-wise?

Most comprehensive car insurance in Nigeria hovers between 5% of your car’s value each year. So if you’re cruising around in a ₦5 million vehicle, you might be paying ₦250,000 annually.

Quality comprehensive coverage makes this investment worthwhile by offering protection that really counts when you’re in a tight spot on Nigerian roads (and we all know how those situations can pop up!).

Getting Your Money’s Worth
The good comprehensive policies aren’t just about paying claims—they’re about making your life easier when things go wrong. Look for quick claims processing, customer support that actually answers when you call, flexible payment plans, and extra perks like roadside assistance.

Clever Ways to Keep Costs Down
Want comprehensive coverage without the premium price tag? Bundle your policies by insuring multiple assets with the same company. Consider accepting a higher excess to lower your regular premiums. Drive carefully because those no-claims bonuses really add up! And always ask about discounts—sometimes just being a member of certain professional groups can save you money.

Is Going Comprehensive Actually Worth It?
Look, we’ve all seen what can happen on Nigerian roads—from unexpected floods to security issues and everything in between. Third-party insurance might be cheaper, but it leaves your own vehicle totally exposed.

When you’re shopping around, take your time to get personalised quotes from reliable companies. The right coverage should feel like a smart safety net, not a financial burden.

Making the Right Choice
If you’re ready for comprehensive coverage, companies like Leadway Assurance offer Auto Insurance products designed specifically for Nigerian drivers. Their Auto Comprehensive policies provide peace of mind knowing you’re protected against most road hazards while being backed by one of the country’s most established insurers.

With Leadway Auto Comprehensive Insurance, you’re not just buying a policy—you’re investing in a reliable partner for your journey on Nigerian roads.

Ready to secure your vehicle against theft and damage? Click here to secure your Leadway Auto Comprehensive Insurance Plan.