List Of Best Car Insurance Companies in Kenya 2024. There are more than 49 registered insurance companies in Kenya, a majority of which offer car insurance cover. List Of Best Car Insurance Companies in Kenya 2024
Here is a List Of Best Car Insurance Companies in Kenya 2024
Invesco Assurance Company limited
INVESCO Assurance Co. Ltd. was incorporated in 1997 under Cap 486 Companies’ Act Laws of Kenya. If you have looked at the windscreens of many PSVs here in Kenya, you can see that majority of them, almost 95% have an Invesco insurance cover. It was placed under statutory management on 28th February 2008. The company emerged out of statutory management on 18th January 2010 after the Matatu Owners Association made a proposal to revive the company. INVESCO will be celebrating its Silver Jubilee (25 years) this year. The company is the oldest operating PSV underwriter.
Their car insurance covers you against;
-Accidental loss or damage to the vehicle
-Emergency Medical Expenses to driver or passengers or pedestrians after an accident
- Free cover for windscreen, theft of audio and video accessories
- Free cover for spare wheel, jack and toolbox
- Free cover for protection, recovery & towing after accident
- Non claim discount – building up to 60% depending on the number of years for not claiming
- Discount on fleet
- Full discount on Controller Technique fees at renewal
- Flexible premium rates and terms
- Cover for damage to vehicles in the custody of Motor Trader or Garage
- Geographical scope – Kenya but can be extended to other East African countries on request.
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi. CIC Group has a network of branches and operational subsidiaries spread across the 4 countries
Co-operative Insurance Company provides world-class car insurance.CIC has over time created customized products for its clients that have cemented its position in Kenya and the East African region as a trusted insurance and financial services provider. Some of the benefits of their car insurance are;
-Personal Accident Cover for the family & one indoor employee.
-Trauma Counseling for persons involved in an incident
-Replacement of Lost Car Keys
-24hr roadside assistance services countrywide
American International Group, Inc. (AIG) is a leading global insurance organization with roots tracing back to 1919. Its member companies provide a wide range of property casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions.
AIG in Kenya since 1972
AIG originally established operations in Kenya in 1972 growing to become a market leader in general insurance countrywide. It is one of the largest general insurance companies in the country with branches in Nairobi and Mombasa and two satellite offices in the central business district. The AIG Kenya clientelle includes multinationals, top Kenyan businesses, small and middle sized enterprises and thousands of individuals.
Over the past 48 years, AIG Kenya has developed a well diversified product portfolio both in commercial and consumer insurance. We are able to leverage off our international expertise to enhance our offerings locally.
AIG Kenya is a majority-owned subsidiary of AIG Inc, while the minority shareholding is held by the NCBA Bank Kenya Ltd. AIG Kenya is regulated by the Insurance Regulatory Authority.
AIG Company was at one time the largest insurance company in the world and it’s still among the best insurers worldwide.
Its services are commendable and that has earned them total customer trust.AIG provides motor insurance for Private Motor Insurance and Health Insurance
Jubilee Car Insurance
The Jubilee Insurance Company of Kenya, mostly known as Jubilee Insurance, is an insurance company in Kenya, which has the largest economy in the East African Community.
Jubilee Insurance is headquartered in Nairobi and is a favourite among many insurance clients who like its flexible and tailor-made insurance products. Jubilee’s car insurance covers the following;
-Private & Commercial Car Comprehensive
-Third-party Bodily Injuries
-Theft & damage
-Special perils. e.g. Floods, wind, fire, storms.
-Third-party liability –Injury & property damage
UAP Motor Private insurance
This policy covers vehicles against loss or damage, including riots and strikes as well as third-party liabilities anywhere in East Africa.
UAP is one of the oldest insurers in Kenya and UAP Motor private insurance is the oldest branch of UAP. UAP offers a wide range of services for different insurances like cars, fire, theft, livestock and marine to name just a few.
The car insurance covers the following and has the following benefits;
-Vehicles for loss or damage
-Car Tracking Device & Services
-24 hour Road Rescue
-Emergency Medical Expenses after accidents
-Forced ATM withdrawal
- Comprehensive Cover – This cover safeguards you against losses and/or damages to your vehicle brought about by accidents, accidental fires or theft. It similarly covers a third party’s death or bodily injury
- Third-party Fire and Theft – This package shields you against all third party risks including death, bodily injuries, and/or property damage Losses and/or damage to your vehicle caused by theft and fire are also covered under this package
- Third-party Only (TPO) – This cover only protects you against third party losses including death, bodily injuries and/or property damage
Heritage Insurance Company
The insurance covers the following;
-Loss of spare parts/ keys
-Windscreen and towing services.
Africa Merchant Assurance Company has been a well-known motor insurance company in Kenya for a while now. The company provides third-party cover and comprehensive cover for its clients.