It is critical to have your property insured, for instance, an automobile. It is important that you insure your vehicle against all potential threats. In any case, you will be able to get paid should the risk occur. Consider a situation where you haven’t insured your vehicle. If a risk occurs, you will find it difficult to either replace or purchase a new vehicle.
There are different types of insurance cover. Our primary worry is comprehensive insurance. Let’s get started on the cost of comprehensive insurance in Kenya.
The cost of comprehensive insurance in Kenya is between 3.5 percent and 6 percent of the value of your car. This means that the price of comprehensive car insurance will vary depending on the value of the car.
Cost of Car Insurance in Kenya
The question of how much car insurance costs in Kenya may be your concern. Most car insurance companies will charge about Ksh 20,000 to Ksh 50,000 per annum. The figures are just an average.
Third party insurance prices in Kenya range from as low as Ksh. 5,000 to as high as Ksh. 10,00 per year.
Types of Car Insurance
Basically, there are about three types of car insurance in Kenya. The three include:
- Comprehensive insurance.
- Liability insurance.
- Collision insurance.
For a fixed budget, you can consider getting yourself a cheaper car insurance policy in Kenya. The most important thing that matters is that you should be able to be compensated just after the risk.
A car insurance calculator in Kenya is basically done depending on the value of the car, additional benefits and the age of the car.
It is important to choose the best comprehensive car insurance in Kenya. Having the best comprehensive insurance leads to positive expectations even if the risk occurs. For better results, consider getting the best insurance company. If you have a clear idea of the same, then nothing should prevent you from insuring your vehicle. For a better tomorrow, insure your vehicle with the best cover.