An Overview of Comprehensive Car Insurance in Kenya | Best & Affordable Reliable Comprehensive Car Insurance Companies

Owning a car in Kenya has become a necessity as it provides a means of transport that is convenient for one’s personal use such as commuting to work or traveling for personal family travel. Owning a car comes with risks such as theft, road accidents and other susceptible risks on the Kenyan roads. Comprehensive insurance therefore comes in handy as a safety precaution against these risks where it guarantees the owner of a car financial compensation in case such incidents happen. This article gives a brief and in-depth overview of comprehensive car insurance in Kenya covering basic comprehensive car insurance concepts, costs and some of the best insurance companies offering affordable comprehensive car insurance in Kenya.

What is Covered by Comprehensive Insurance

In Kenyan licensed insurance companies offer three types of motor insurance covers. This includes:

Third Party Only Insurance	The bare minimum mandatory Insurance requirement for Vehicles to drive on Kenyan roads. It only covers third parties.
Third Party, Fire and Theft Insurance	This Insurance Covers third parties, Fire and Theft of Motor Vehicle. It is not a popular cover and its premiums are slightly almost the same as the comprehensive cover.
Comprehensive Insurance	Offers comprehensive full coverage of Motor Vehicles.

Comprehensive Insurance in Kenya covers the following:

Loss, theft or damage to a motor vehicle
In the unfortunate event that the incident results in the death of the occupants of your vehicle (other than yourself) as well as the third parties involved (the other people not in your vehicle).
Medical expenses incurred by the occupants of a motor vehicle as a result of an accident.
Damage to property belonging to third parties.
Windscreen damage to a Specified limit.
Loss or damage to the vehicle’s entertainment system to a specified limit.
Towing Costs in the Event of an Accident

What is not covered by Comprehensive Insurance

The following are not covered by comprehensive car insurance policy if some are not taken up as additional coverage, as later highlighted under optional coverage:

Consequential loss – not being able to make money as a result of the vehicle being damaged.
Depreciation, wear and tear, mechanical, electrical or electronic breakdown as well as failures or breakages to the insured motor vehicle insured
Damage to tyres unless the damage is as a result of an incident involving other parts of the motor vehicle.
Loss of or damage to the contents being carried in or on the motor vehicle.—You should Consider Domestic or All Risk Insurance that would cover your portable items like Phones, Camera and laptops.
Damage is caused by overloading or strain on the motor vehicle.
Political Violence and Terrorism – Where your vehicle gets damaged e.g Torched during riots and maadamano
Natural Calamities – e.g, Floods

Optional Benefits for Comprehensive Insurance

The following can be taken up as optional benefits while purchasing comprehensive car insurance.

A)Excess Protector

In insurance, the excess is the first amount of claim that a policyholder has to bear in any claim before the insurance can come in to cover the balance of the claim.

Excess protector therefore relieves an insurance client from the burden of paying their own damage excess for an accident arising out of the collision. It is important to note that the damage sustained on the vehicle and the cost of repairs must be above the policy excess amount. Claims falling below the primary excess are not recoverable.Excess protector is charged at a percentage of the value of the motor vehicle.

B)Political Violence and Terrorism

This is an optional benefit that covers a motor vehicle against incidents that arise out of political violence and terrorism e.g. Maadamano, Strikes and Civil Commotions.

C)Courtesy car

A courtesy car is a temporary vehicle provided by the insurance company (or through an agreement with a garage) to keep the policyholder mobile while their own car is being repaired. This benefit means that an insurance client has a temporary car to use as it is being fixed in case of an accident. The benefit may also be provided by an insurance company through payment of some amounts for a specified period instead of the provision of a temporary car.

D) Rescue and Towing Benefits

This is a benefit that is provided by the insurer to tow or recover your vehicle when it becomes immobile due to an accident, mechanical breakdown, or other covered incident. This benefit is provided by some insurers for free but limited to the distance covered and beyond a certain limit that they may charge a fee per Kilometre covered. The benefit is also offered at a fee to access a panel of rescue and towing providers e.g. AA Kenya.

E) Other enhanced and Complementary Benefits

Insurance companies are also offering enhanced benefits to give more value to their clients; this includes higher limits cover for windscreens and music systems.

For instance, on average most underwriters have a limit of Ksh 50,000 for windscreen and Ksh 30,000 for Vehicle music system, these limits may be below the value of the covered items, therefore at an additional premium, they are covered at higher limits that is within the market range to replace them.

Personal Accident as a Complementary Benefit

Did you know that Comprehensive Car insurance does not cover the driver for medical and other accident-related incidents? A majority of insurance consumers do not know of this fact. Therefore, as you purchase a motor insurance cover, always get personal accident insurance to cover you as a driver.

Cost of Comprehensive Insurance in Kenya

The cost of comprehensive Insurance in Kenya is computed as a percentage of the value of the car. Underwriters provide different percentage rates for different car value ranges. Therefore in summary comprehensive car insurance is based on the following:

Value of the Car – based on Valuers, however on inception you can provide a value for a quote before getting professional values to do its valuation.
Age of the Car– the majority of the underwriters insure only cars that are not more than 15 years old.
Other factors– make of the car, Age of Driver, Use of Car etc.

Comprehensive insurance for most underwriters has a basic minimum premium cost of Ksh 37,500

Car Value Range	Premium Percentage	Minimum Premium	Underwriter
800,000 – 1,000,000	4% 6%	30,000 – 35,000 37,500	Kenindia , Kenyan Alliance Pioneer
1,000,000 – 1,500,000	3.5% 5%	35,000 37,500	Kenyan Alliance Pioneer
1,5000,000 – 2,000,000	4%	37,500	Pioneer
3,500,000 and Above	2.75 %		Heritage

Comprehensive Car Insurance Quote

As indicated comprehensive insurance is pegged on the value of the car then levies and taxes are added to get the basic premium cost, additionally, if optional benefits are taken up their cost are also included in the quotation.

Below is our quotation tool for Comprehensive Insurance:

The Best and Affordable Comprehensive Insurance Companies in Kenya

As an agency, we work with some of the best insurance companies in Kenya, where we negotiate the best competitive rates for our clients. This includes those for motor, high-end to affordable, and cheap options for those looking for budget-friendly cheap comprehensive policies. Our comprehensive insurance partners include:

INSURANCE COMPANIES IN KENYA
Heritage Insurance	GA	AMACO
ICEA Lion	Sanlam	The Monarch
NCBA_AIG	APA	Directline
Britam	Canon	Trident
CIC	Pacis	Takaful
Old Mutual	Geminia	MUA
Pioneer	Intra Africa	Kenya Orient
KenIndia	Madison	Mayfair
Kenyan Alliance	Jubilee Allianz	Occidental

We also arrange with financing institutions to offer insurance premium financing IPF where they pay 100% of your premium and you are left to pay them on a monthly basis giving you flexibility and time to manage your cashflows.

Our IPF financing institutions include: NCBA Bank, I&M Bank, Stanbic Bank, Faulu Microfinance Bank amongst others.

Why choose Anziano Insurance Agency for Comprehensive Insurance

Some of the reasons you should choose our agency include:

Compliance– We are registered and regulated by the Insurance Regulatory Authority (IRA).
Competitive rates– We have the best and most affordable negotiated competitive rates for comprehensive insurance starting from 2.75% for motor high-end cards and 4% for cars above ksh600,000.
Customer Service- our team has a dedicated team to service our clientele for insurance onboarding, renewals and claims.
Claims Management -claims processing and management can be frustrating to clients. As an agency, we ensure our clients have a smooth claims processing from documentation to follow-up to ensure claims are settled.
Efficiency– by deploying technology we have made our processes efficient and simplified for our clients.

Conclusion

With the risks associated with the use of motor vehicles, comprehensive insurance is a priority tool to offer financial protection to motor vehicle owners. Car risks such as accidents are unpredictable while on the other hand, civil riots turn up unexpected. Insurance companies are offering instalment payment options and with the alternative of insurance premium financing, comprehensive insurance is affordable and accessible to all car owners.

The myth that comprehensive car insurance is expensive and does not benefit a policyholder wherever there is no claim are misconceptions. Whenever an accident happens that is a client not on comprehensive insurance gets the shock and pinch of not having one when they have to meet the costs of repairing their cars and in a worst-case scenario bear a total loss in case of a car write-off.

Get in touch with our team to get a comprehensive car insurance quote to date. Email info@anzianoinsuranceagency.com Mobile: +254700222219 Tel: +254208400601