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Car Insurance in Nigeria Is It Worth It or Just Formality?
Automobile
7 hrs ago
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Zainab
7 hrs agoLet’s be honest many Nigerians see car insurance as just a document for police wahala. But is that all it really is?
First, third-party insurance is the minimum required by law. It covers damage you cause to others but doesn’t fix your car. It’s cheap, but limited.
Comprehensive insurance on the other hand, covers theft, accidents, fire, and even flooding. It’s more expensive, but it protects you fully.
The problem? Many people don’t trust insurance companies to pay claims. Stories of delay or outright denial discourage a lot of Nigerians.
But good insurance firms do exist. The key is to read the policy well, ask questions, and work with a reliable provider.
In the long run, car insurance is more than formality it’s protection. Because one major accident can wipe out more than your car it can ruin your savings.
Bottom line: Don’t just do insurance to avoid LASTMA. Do it to protect your pocket and peace of mind.