Motor Vehicle insurance is a mandatory cost for any car/vehicle owner in Kenya as it is a requirement by law in Kenya to have the minimum insurance to covers you against liabilities and expensive damages in the case of an accident.

How to Reduce Motor Vehicle Insurance Premiums in Kenya?

Normally payable insurance premiums are based on several factors and it is actually very easy to pay less premiums and even reduce your overall expenses on Insurance.

Think you may be paying too much for your motor vehicle insurance? Here are 5 Tips on How you can reduce your car insurance premiums in Kenya.

• Get the actual valuation report of your car
• Shop around and compare the best insurance companies in your locality
• Buy the insurance cover that you only need
• Bundle your insurance plans
• Be a good driver, observe road traffic signs & rules

1) Get the actual valuation report of your car

Always ensure that you conduct the valuation of your vehicle before you start looking for an ideal insurance company to insure your car with. The actual motor insurance premium payable is calculated from the value of your car hence the need for you to give the correct market value of your vehicle.

2) Shop around & compare the best insurance companies in your locality.

Before buying or renewing your motor vehicle insurance, it is always advisable to shop around within your locality for the insurance company that will give you the best deal.

  3)  Buy the insurance you only need

By default, anyone who owns a car in Kenya must have a minimum insurance cover that is Mandatory by Law, Third Party Cover. It is good to start with the coverages you really need and then later carefully weigh your other options.

For example, if you do not drive your vehicle much, you probably do not need roadside assistance.

4)  Bundle your insurance plans

Most insurers offer discounts if you have several policies with them. So, if you own a home or a motorcycle, or you just need medical insurance for your family, consider using the same company for all your policies.

Always combine your coverage. Bundle your motor vehicle insurance coverage with your home & health insurance policies. Showing your loyalty to one insurance company could help you land a discount, especially if you have multiple policies.

5) Be a good driver, observe road traffic signs & rules

There are two reasons being a good driver helps your car insurance premiums. First, it can qualify you for a discount. Many insurers offer premium reductions for claim-free periods — sometimes significant ones, too. According to Our Direct Business Marketing Manager, Mr. Abraham Chami,” being a good driver will save you from paying claim excess which is mandatory and protects you from deaths and injuries to yourself and other road users.”

Because frequent claims send your car insurance premiums in Kenya rising, smart     driving habits also protect the rate you already have.

Accidents happen quickly and the results are often tragic. Having no motor insurance or purchasing only the minimum required by law coverage saves you only a tiny amount of money, and puts everything else you own at risk. Get a comprehensive motor insurance policy to be on the safe side just in case of anything in future. Apply now for a quick quote