The Police commenced full enforcement of the Third-Party Motor Vehicle Insurance policy from February 1, 2025.This move is in compliance with directives from the Inspector General of Police ...

The National Insurance Commission (NAICOM) a fortnight ago approved a new premium rate for Third Party Motor Insurance policy to N15,000 as against N5000. Consequently, private vehicle owners are ...

The country’s cheapest and the most popular class of insurance – the third-party policy – has been increased to N15,000 per annum from N5,000, a 200 per cent jump.

Coverage “The Third-Party Motor Insurance Policy is sold for a premium of N15,000 per year to private car owners, while the premiums for commercial vehicles vary depending on the type of vehicle ...

Created by Carl Williams Updated: Dec 11 2024, 21:00 PM EST ...

Unlike the conventional third-party motor insurance policy priced at N15,000, which only covers third-party liabilities, the Linkage Third Party Plus provides extra benefits, including an Own ...

With a premium of just N15,000 per year, Coronation Insurance provides third-party property damage coverage of up to N3 million and ensures compensation for injuries or fatalities.

Olatimehin Ololade - December 24, 2022 The National Insurance Commission has raised the premium for third-party motor insurance premium from N5,000 to N15,000 effective January 1, 2023.