In addition to the basic coverage that your comprehensive car insurance in Kenya will provide, there are a number of optional perks that can be added to your policy to make it even more safe. Some insurance firms may bundle these alternatives and sell them as a package to obtain you a reduced vehicle insurance quote in Kenya.
Excess Protector
In Kenya, the excess protector is the single most essential optional add-on that most car buyers choose. It protects the insured from having to pay a large insurance excess/deductible if there is a claim. Excess protectors come in two varieties: excess protector for self harm and Full Excess Protector. The excess protector for own damage only covers claims stemming from damage or partial loss to the insured vehicle, as the name implies. Tiny thefts and vandalisms, such as theft of side mirrors, wheel caps, and other small items, are considered partial losses. The complete excess protection will cover both personal harm and total car loss due to theft. In the event of a claim, the insured is typically obliged to pay an excess of 2.5 percent to 25% of the insured value of the car in the event of successful theft, which can be a significant sum of money and inflict financial hardship during a difficult time. For a car valued KSh 1 million, for example, paying an excess of up to KSh 250,000 can leave an insurance customer quite unhappy. The insured, on the other hand, will not be responsible for this because the insurer will cover the entire cost. For own damage, the excess protector costs 0.25 percent of the insured car’s value. The complete excess protection costs 1-2 percent of the insured car’s value, yet due to the high number of fraudulent and suspicious vehicle theft claims, some insurers may be hesitant to offer this option.
Tip: If the excess protector is used in a motor insurance claim, it is considered depleted, which means the insured must purchase the excess protector option again soon after the claim to have it reinstated on their auto insurance policy.
Political Violence and Terrorism Cover
Most Kenyans are unaware that political violence and terrorism are not covered by all general insurance plans; rather, they are optional expansions that can be added to most typical general insurance policies or purchased separately. As a result, if you want to protect your valuable item from politically motivated damage, you should choose this choice. Strikes, protests, and riots are typical occurrences that result from political talks and result in property destruction, anarchy, and disruption.
The cost of this coverage is typically 0.25 percent of the insured vehicle’s value.
Tip: When purchasing auto insurance in Kenya, whether online or through traditional channels, check quotes from multiple insurance carriers to ensure you are getting the greatest price for the best coverage. When a combo package with an excess protector and a PVT cover is purchased together, many insurance companies offer a significant discount over purchasing a basic automobile insurance policy on its own.
Personal Accident Cover
Personal accident insurance is one of the most popular insurance policies in both the corporate and retail insurance markets. It’s most typically used as a supplement. While most auto insurance policies provide a small limit for emergency medical expenditures, nothing compares to the value of a personal accident coverage. It combines the features of a medical insurance policy and a life insurance policy. Take your time and read through your vehicle insurance quotes online so you know exactly what you’re getting.
Note: Because car insurance does not cover liabilities to family members, any medical expenditures or liabilities incurred by members of the family traveling in the accident vehicle are not covered. As a result, it’s critical to get personal accident insurance.
Courtesy Car
Car owners may experience the most inconvenience in the event of a car accident or theft of the insured. The insured requires a replacement car because he or she does not have another vehicle to drive while the accident vehicle is garaged for an unknown amount of time. While the covered motor vehicle is out of service, most automobile insurance companies offer a replacement courtesy car for a maximum of 10 days. Due to the logistical constraints of providing a genuine car for this, many Kenyan car insurance firms offer a re-imbursement of KSh 3,000 per day that the covered vehicle is out of service, up to a total of KSh 30,000.
Note that there is an insurance excess for the first three days that the insured car is parked; this implies that the insured will not be compensated for those three days.
AA cover
In Kenya, AA cover is one of the most useful services for car owners. AA coverage will save you in the event of an accident or a car breakdown. With your AA membership, you can get your automobile professionally towed or basic repairs done to jumpstart it for free. An AA policy can be obtained for the pittance of KSh 3,500 per year. Other firms, such as INFAMA Kenya, offer towing and recovery services throughout the main towns and cities in addition to AA coverage.
What is the average cost of comprehensive car insurance in Kenya?
When importing or purchasing an automobile locally, one of the most important factors is insurance coverage. The Kenya Traffic Act, Chapter 405, makes car insurance a legal necessity. This Act stipulates that each vehicle driven on Kenyan roads must have at least third-party insurance coverage.
An insurance policy, in addition to fulfilling a legal requirement, provides various degrees of protection to the insured and other road users in the case of an accident. Of course, no one buys an automobile with the expectation of being hit or colliding with another vehicle. However, accidents do happen, and they can result in car damage, personal injury, or even death. According to the National Highway Traffic Safety Administration, traffic accidents are on the rise. For example, 3,114 people died on Kenyan roads in 2020, up 5.8% from the previous year.
As a result, car insurance is required since it protects you from financial liability in the event of a collision. Your insurance company’s level of protection, on the other hand, will be determined by the sort of automobile insurance you choose.
What types of car insurance covers are there in Kenya?
In the case of an accident, third-party insurance provides the most basic safeguards. As previously stated, Kenyan Traffic Law requires the most minimum insurance coverage. It protects the other party from any losses, injuries, or death caused by the insured (you).
This means that if you have third-party insurance and are involved in an accident, the insurance will only cover the damages/injuries to the other car/party, not to you or your vehicle.
The policyholder is slightly better protected by the third-party fire and theft insurance cover than by the third-party cover. It not only covers the third party in an accident, but it also protects your vehicle from fire and theft. Before you sign on the dotted line, check with your insurance company to see what types of fire and theft situations are covered.
Comprehensive insurance is the most comprehensive type of coverage because it protects both parties in the event of an accident. It provides third-party benefits including as property damage, injuries, death, and legal responsibilities resulting from a car accident. It also protects the insured vehicle from damage caused by accidents, natural disasters, floods, fire, or theft.
It’s vital to know that comprehensive insurance does not cover claims for personal injury or property damage. For added protection, it is advised that you purchase a separate insurance policy (such as a personal accident policy).
Political Violence and Terrorism Cover and Excess Protector for Own Damage are examples of ‘add-ons’ that can be added to your comprehensive insurance.
Which is the best insurance cover to get for my car?
The type of insurance you obtain will be determined by your financial situation and particular circumstances.
While comprehensive insurance is the most expensive, it provides the most coverage in the event of an accident. With comprehensive insurance, you can rest easy knowing that if there are any accidents or mishaps, you won’t have to pay out of cash.
Third-party fire and theft insurance provides even greater protection than standard third-party insurance. However, in the Kenyan market, it is not prevalent; probably few people picture their automobiles catching fire. On the other side, because theft is so widespread, this insurance can come in helpful in an emergency. This sort of insurance is also uncommon due to the high cost compared to the advantages.
Third-party insurance provides no protection to you, the insured, and is similar to driving a ‘naked’ car. It only benefits the other party in the event of an accident, as previously stated. Despite its limited safeguards, third-party insurance is the most popular on the market, owing to its low cost.
How much does car insurance cost in Kenya?
The cost of an insurance policy is determined by various factors, including the kind of vehicle (private, commercial, or PSV), market value, and age. For example, most Kenyan insurers refuse to insure automobiles older than 12 years or with a value of less than 300,000 Kenyan shillings.
The third-party insurance option is the least expensive of the three. A private car costs between 5,000kes and 7,500kes per year, depending on the factors indicated above.
Many Kenyan insurance firms refuse to provide third-party coverage (TPO) for PSV chauffeur-driven vehicles (taxis, Uber, Bolt). A passenger legal liability (PLL) policy for four passengers is also required in this category. An annual PTO cover will cost roughly 9,500kes on average.
Tonnage is used to determine insurance for commercial vehicles such as lorries, tippers, and trailers. A TPO cover for a 30-ton vehicle costs around 25,000kes on average.
The types of comprehensive insurance available will differ from one insurer to the next. Insurance premiums for a private car start at 3.2 percent of the vehicle’s total value on average. This is on top of the training levy, policyholder compensation fund, and stamp duty.
Let’s say you buy a Mazda CX5 for 2.1 million Kes and your insurance company offers you a 3.5 percent premium rate. According to a popular online car insurance calculator, you’ll pay a total premium of 74,880.75.
If another insurer offers a 4.5 percent rate for the same vehicle, your total premium would be 95,975.25.
The premium percentage rate is usually changeable, so don’t be afraid to talk to your insurer about it.
What exactly is covered by comprehensive insurance?
Your comprehensive insurance will additionally cover the following, in addition to the benefits indicated above:
Windshield Limit- Windshield damage is a common occurrence on Kenyan highways. A free windscreen limit is included in your comprehensive coverage to protect you from having to pay out of pocket. Most insurers will pay between 25,000 and 50,000 kes per year in compensation. As a result, you should confirm the cost of your windshield to ensure that you are sufficiently insured. If not, you can make up the difference by purchasing an extra windshield cover.
Limit on radio cassettes This was a popular benefit when automobile radio cassette theft was rampant. As a result, the number of such offenses has decreased dramatically, and this threshold has lost its importance. However, it is a free add-on that can still be useful.
Civil disturbance, riots, and strikes Your comprehensive insurance covers loss or damage caused by civil commotion, riots, and strikes.
What is not covered by comprehensive insurance?
When it comes to insurance, it is critical to read the tiny print because even a comprehensive policy does not cover everything. The following are some exceptions:
Wear and tear, as well as depreciation Any value lost due to regular vehicle wear and tear, including tire wear and tear, is not covered by your insurance policy. In recent years, some insurers have developed tire-related insurance packages.
Acts of carelessness If your insurance provider can prove that your claim is the result of your negligence, the claim will be denied. If you were under the influence of narcotics at the time of the accident, for example.
Outside of Kenya, third-party obligations are not covered by your insurance. If you cause an accident in another country, your insurance will not cover you.
Use within airports If you cause damage in restricted areas, such as no-go zones in an airport, your insurance will not cover you.
What’s the cost of comprehensive insurance?
The cost of comprehensive insurance is determined by the worth of your vehicle once it has been appraised. The cost of a CIC comprehensive insurance policy ranges from 6% to 3.5 percent of the car’s worth.
What is a Car Insurance coverage calculator?
The Car Insurance Coverage Calculator is a learning tool that will assist you in understanding insurance coverage and the many aspects to consider when determining your limits and deductibles. The calculator can help you calculate the optimum coverage for your car based on your personal and car details, as well as your driving habits.
In addition to your driving record, a number of additional factors are taken into account when determining vehicle insurance coverage and quotes. Continue reading to learn more about the elements that have a direct impact on vehicle insurance coverage calculations.
What is a Car Insurance Estimate?
What we commonly refer to as a “auto insurance quote” is referred to as a “car insurance estimate.” Obtaining a car insurance quote or estimate in Kenya is the first step in acquiring a new insurance policy for your vehicle. The procedure include presenting the Car Insurance firm with thorough information about oneself and the vehicle. The company will compute the vehicle insurance or rates based on the information provided, particular criteria, and the amount of car insurance coverage selected.
These specific parameters (used to compute insurance rates) fluctuate between insurance firms in Kenya, which explains why premiums vary when comparing automobile insurance quotes from different insurers.
Calculate how much you would pay and save if you switched to InsureAfrika before obtaining or renewing your Kenyan car insurance.
How is cost of car insurance calculated in Kenya?
The worth of the car, the age of the car, and the additional features included in the policy determine the cost of car insurance in Kenya. Your risk profile will also impact your premiums when purchasing Next auto insurance. When calculating the cost of your automobile insurance, a number of criteria are taken into account. These factors include your age, driving experience (measured in years), and claims history.
The Age of the Car
Consider two cars that are nearly identical yet were built three years apart. If the vehicles in question are two Toyota Axios, one from 2007 and valued at Ksh 800,000, and the other from 2010 and priced at Ksh 1,000,000. The premium for the 2007 Axio will be Kshs 28,000, while the premium for the 2010 Axio will be Kshs 35,000.
The Value of the Car
The car’s worth is a major factor in determining the premiums that must be paid. Two cars built in the same year but with different current values will command different premiums. Consider the following two Subaru Legacies, both of which were produced in 2012. The first is worth 1.5 million shillings, while the second is worth 1.2 million shillings. The premiums that arise will be as follows. Purchasing auto insurance for the 1.5 million Subaru Legacy will cost between Kshs 56,250 and Kshs 67,000, depending on the company, while purchasing insurance for the 1.2 million Subaru Legacy would cost between Kshs 45,000 and Kshs 60,000.
Extra Benefits Chosen
Extra perks will increase the premium value, but only by a little amount. If we add extra benefits to the two Subaru Legacies policies, such as Political Violence & Terrorism Risks benefit, Excess Protector, Riot, Strike & Civil Commotion, Radio cassette/CD player, and Windscreen cover, the policies’ values rise to between Kshs 63,750 and 82,500 for the 1.5 million car and between Kshs 60,000 and 82,500 for the 1.2 million car, depending on the company.
Benefits Of Using An Online Car Insurance Calculator
Are you buying an insurance coverage without first comparing quotes? This could end up costing you a lot more than you realize. You could be paying more for the same benefits that could be had for less money. You may be overpaying if you are trying to get a new vehicle insurance policy in Kenya or merely renewing your current policy without considering other possibilities.
Before choosing an appropriate and affordable auto insurance policy, you should constantly research the market and compare different coverage plans and their costs. While looking for accessible insurance quotes offline can be laborious and time-consuming, using a vehicle insurance calculator might save you time.
When evaluating your insurance alternatives, these are some of the advantages of using a Car Insurance Coverage Calculator:
- It’s quick, simple, and time-saving. You only need to set up a few minutes to complete the essential information.
- It ensures that every time your insurance policy is renewed, you obtain the best pricing.
What is comprehensive car insurance in Kenya?
When a person buys a new car, the first step is to ensure that the vehicle is protected from various threats while driving on the road.
A car insurance kenya policy is a godsend for a vehicle. But how does one go about selecting the best car cover?
Remember that the correct coverage will protect your car against unforeseeable damages, unintentional loss, and a variety of other scenarios.
Purchase of a third-party liability policy is required by Kenyan law, but is this the only protection your automobile requires?
Why Comprehensive Cover?
A Comprehensive Car Insurance policy in Kenya protects you and your assets from damage in the event of an accident.
This sort of insurance will cover you in the event of a financial or collision loss caused by an accident.
If you choose mandatory only coverage, you will pay lower insurance premiums but will only be covered for third-party losses.
While choosing overall protection, i.e. a fully-fledged comprehensive insurance, will result in higher premiums, it will also give you with add-ons that will safeguard you and others against a variety of hazards.
What is Comprehensive Coverage?
A comprehensive auto insurance policy provides you with the additional coverage you need to cover both your own vehicle and third-party liability.
When compared to third-party insurance, a comprehensive coverage policy may be more expensive.
In Kenya, comprehensive car insurance normally covers you against loss or damage caused by fire, theft, vandalism, accidental loss, natural disasters, animal attacks, and falling items (like a tree or hail).
Comprehensive Coverage Deductibles and Limits
When you buy fully comprehensive coverage, you’ll choose a deductible amount that you’ll pay out of pocket in the event of a covered claim. Let’s imagine you choose to pay a KSh 500 deductible, and your automobile is later flooded.
If your claim costs KSh 1,500 to fix, you will only have to pay KSh 500 as a deductible, and your insurance company will cover the balance of the cost, i.e. KSh 1,000.
Car insurance that is all-inclusive The maximum amount paid by your company policy for a covered claim is known as the limit. The genuine cash worth of your car is usually the limit on comprehensive coverage.
If your automobile is stolen, for example, your fully comprehensive car insurance coverage will reimburse you for the decreased value of your vehicle. You will almost certainly have to pay some of your own money to replace your stolen vehicle with a newer make and model.
How Is Comprehensive Cover Better?
A comprehensive policy ensures that you are covered for third-party liabilities as well as damage to your own vehicle while driving.
We’ve explained why comprehensive insurance is a better option than third-party insurance in this section:
A comprehensive policy is always believed to cost more than third-party coverage. Is that correct? Not at all! This sort of insurance protects your vehicle against a variety of dangers.
Damages to another party’s car as a result of an accident are covered by third-party liability insurance.
A policy like this will not cover you. A comprehensive insurance package, on the other hand, protects your car as well.
You can choose add-ons to a comprehensive auto insurance policy to increase the coverage. This could include things like 24-hour roadside assistance, towing, and windscreen coverage, among other things.
Where To Buy?
You can get a completely comprehensive insurance policy in any of the following ways: offline or online. A broker or agent, a direct quote from an insurance firm, or a referral from a friend or relative are all examples of offline methods.
You can look up the best insurance service companies in Kenya on the internet. Some companies allow you to compare insurance quotes from several insurance companies and assist you in selecting the best one.
Once you’ve chosen the right company, you can seek guidance from the company’s representatives. Which policy is best for your vehicle’s make and model?
Consider the insurance premiums you will be required to pay for your insurance coverage.
Read your policy thoroughly to ensure that you are receiving all of the advantages stated in it.
What is a comprehensive insurance cover?
Comprehensive insurance helps pay for the replacement or repair of your car if it is stolen or damaged in a non-collision occurrence. Comprehensive coverage, sometimes known as “other than collision,” typically covers damage caused by fire, vandalism, or falling objects (like a tree or hail).
Is the driver covered in comprehensive insurance?
No, as the name implies, a Motor Vehicle Comprehensive policy only covers damage or loss to the vehicle as well as any third-party claims. As a result, the policy does not cover any loss or damage claims filed by the insured.
How is car insurance premium calculated?
Third-Party Liability (TPL) insurance covers any harm to a person or property caused by your insured vehicle, resulting in financial loss or death to the person.
TPL, on the other hand, does not cover expenses for repairs, so it’s always a good idea to have a coverage that also covers losses caused by damage to your own car.
The Insurance Regulatory Authority of India issues the TPL premium, which is based on the car’s capacity (IRDAI).
The OD cover is optional, although it is really useful. It reimburses your expenses if your car is damaged by natural disasters such as earthquakes, fires, or storms, or if it is involved in an accident. The arrangement is that as the Insurance Declared Value, or IDV, increases, so does the premium, and vice versa. As a result, as your car ages, the IDV falls.
The Indian Motor Tariff determines the premium for OD coverage as a proportion of IDV.
IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV = IDV (IRDAI)
This portion of your automobile insurance premium protects you not only against accidents, but also from incidents that result in incapacity. Because the possibilities of handicap are higher than virtually any other consequence, this is an essential aspect of being thoroughly protected. Road accidents claimed the lives of approximately 3 lakh people in 2014. However, 5 lakh people were gravely hurt or incapacitated for the rest of their lives. You can also enhance the policy’s coverage to include nameless passengers.
Finally, there are riders. These riders, often known as auto insurance add-ons, offer a variety of protection and services for a small fee. Engine Secure, for example, protects against waterlogging damage, while Road Side Assistance provides assistance if your car breaks down in the middle of the road, and NCB Protection allows you to make two claims without losing your No Claim Bonus. Each rider adds to the strength of your auto insurance policy, ensuring that you are covered in any eventuality.
Do you need car insurance in Kenya?
Kenya, like the majority of other countries, mandates that all cars (and their drivers) be insured before they can be driven on public roads. If you neglect to insure your car and then drive it in public, you risk facing legal consequences. You must also show your automobile insurance certificate on the windscreen of your vehicle as required by law (or other part that makes it possible for an officer to inspect it from the front or front-left of your vehicle). If you drive a car without insurance, you risk a fine of Ksh 10,000, plus charges such as “reckless endangerment,” among other things, making it a very expensive prospect for you.
How many insurance companies are in Kenya?
In Kenya, there are 49 registered insurance companies, some of which sell general insurance and others which sell both life and general insurance. Composite insurers sell both life and general insurance.
What is third party insurance?
It’s not enough to look at certain key components of the policy, such as the cost and coverage, when buying vehicle insurance; you also need to know what phrases like first-party car insurance and third-party car insurance mean. This understanding can then assist you in comprehending the policy paper and making an informed decision.
Most first-time customers of online vehicle insurance are confused by the many terminologies used in the policy documentation. These terms are extremely important to grasp because they are frequently used in the insurance industry. This knowledge will come in handy not only during the purchase, but also during the auto insurance online renewal process and while filing a damage claim.
1.First party: The owner of the car or the person in whose name the policy is registered is the first party in a car insurance policy. This first party is responsible for paying their automobile insurance premiums to their insurance company and is eligible to receive benefits under the policy.
*2.Third party: *
The second party is your car insurance carrier, which protects and compensates you for any losses or damages to your vehicle. The first party has signed the insurance policy contract with the insurance provider. As a result, if an accident occurs, the second party is entitled to repay the first party’s claims, providing the first party has made timely premium payments.
3.Third party: A third party is a person or a vehicle owner who has been harmed in any manner by the conduct of the insured vehicle of the first party. For example, if the first party’s vehicle causes damage or injuries to the third party’s vehicle or owner, the second party pays the third party’s insurance benefit.
When purchasing car insurance, keep in mind that first-party and third-party coverage are the only options available. Subject to the legitimacy of the occurrence and the information on the documents, the second party has the right to settle the claims.
A car owner has the choice of purchasing comprehensive or third-party auto insurance:
A comprehensive car insurance coverage safeguards the policyholder’s vehicle. The first party can file a claim for damages with the second party in the event of a natural disaster, man-made disaster, or entire loss of the vehicle (theft or complete damage). The second party will settle the claim amount after examining the extent of the damages and verifying the facts.
Third-party claims are also covered by comprehensive car insurance. As a result, if a third party is injured, property damage is caused, or a life is lost as a result of the first party’s insured vehicle, the second party will satisfy the claim on the first party’s behalf.
Furthermore, with the addition of add-ons specified by the policyholder, the comprehensive insurance cover can be customized to cover specific damages.
Only the damages to a third-party person or vehicle are covered by third-party car insurance. They are entitled to the first party’s insurance coverage in the event of bodily injury, death, or damage to third-party property or persons. As a result, the second party, or the first party’s insurance provider, pays the compensation on the first party’s behalf. Because of the limited scope of coverage, third-party automobile insurance is less expensive than comprehensive car insurance.
A person is required by the Motor Vehicle Act 1988 to obtain at least third-party online vehicle insurance. This insurance coverage is a legal requirement, and any car owner who does not have it will be fined or face legal consequences. As a result, it is recommended to obtain third-party car insurance as soon as possible.
TATA AIG offers online car insurance with the option of choosing between first-party and third-party coverage. When a car has first-party insurance, both first-party and third-party insurance are covered. Third-party insurance, on the other hand, only protects the interests of the third party.
TATA AIG now offers an online motor insurance renewal service, allowing consumers to simply renew their policies and continue to benefit from their auto insurance coverage. The TATA AIG four-wheeler insurance renewal procedure is simple to follow. You can compute your own vehicle insurance price online while renewing your policy. Choose TATA AIG today for a hassle-free insurance experience!
This decision is based on the sort of coverage you desire. TATA AIG, on the other hand, advises the comprehensive auto insurance plan for the best coverage and protection of both first and third parties.
The benefits of first-party insurance are for the insured car and its owner, as well as a third party if necessary. Third-party insurance policies only cover third-party property or person losses or injuries/death.
If you wish to drive your car on the road, you must have third-party insurance. A third-party insurance policy is required.
Third-party insurance is the most basic type of insurance, and it exclusively covers third-party losses. The claimant is not the policyholder, but rather another person or vehicle who has been harmed by the first party’s covered vehicle.