- Comprehensive insurance offers an all-inclusive motor insurance cover that protects your vehicle against many risks.
- Comprehensive insurance is a combination of regular motor insurance and third-party insurance coupled with additional insurance features.
- Due to the wide range of features offered, this insurance covers tens to mandate higher premium payments.
Comprehensive motor insurance covers your vehicle from accidents, theft, fire, natural disasters, and third-party liability.
It provides the most extensive protection for your vehicle. Additionally, it covers medical expense compensation for third parties and damages to their cars.
This insurance policy is usually less popular amongst average-priced motor vehicles due to the higher premium cost. You are more likely to find higher-priced car owners opting for this insurance cover.
Read Also: The Difference Between Comprehensive Insurance and Third-Party Insurance
Key features of comprehensive insurance in Kenya
The three main features of comprehensive motor insurance include:
- Higher insurance premiums
- Extensive insurance coverage
- Third party protection
What risks does a comprehensive insurance company cover?
Comprehensive car insurance in Kenya covers a wide range of risks. It is considered a full-coverage auto insurance plan. The risks covered include:
- Vehicle damage: Protects against losses and damage to your vehicle caused by accidents, fire, theft, vandalism, or malicious damage
- Third-party liability: Covers death, injuries, and property damage to third parties
- Roadside assistance: May include 24-hour road rescue, towing, and recovery
- Other benefits: May include free valuation, political violence and terrorism cover, and alternative accommodation after an accident
Important notes!
- Comprehensive insurance typically covers vehicles that are below 15 years old.
- Your insurer may require you to pay an excess before they settle your claim.
Benefits of Having Comprehensive Car Insurance in Kenya
These are the benefits of comprehensive car insurance:
Provides car damage protection
Comprehensive insurance covers accidents and damage to your car. It also pays for damages caused by natural disasters, theft, vandalism, and fire.
Third-party liability protection
Comprehensive insurance offers third-party coverage and pays for their treatment and damage to their property when an accident occurs.
Car theft compensation
A comprehensive cover offers car replacement in case your car is stolen. It also offers reimbursement when you replace parts of your car that are stolen.
Adjustable are per your needs.
You can increase the premium you pay to increase your coverage in the event of an accident. This enables you to receive larger compensation to cover the damages to your car.
Some comprehensive covers even offer a courtesy car option while your car is being repaired.
Breakdown assistance
Comprehensive insurance provides car towing services as an added feature depending on your comprehensive cover type.
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Factors influencing the cost of Comprehensive Car Insurance in Kenya
These are the factors insurance companies look at when determining the amount of premium you should pay for your car;
Car Value
The higher the value of your car, the higher your insurance premium will be.
Driver’s Age
Insurers charge younger car owners a higher premium as they consider them a risk due to their lifestyle. The chances of a younger driver driving under the influence are much higher. Additionally, they are less inexperienced drivers.
Driving History
Prior accidents will cause you to be charged a higher premium as you have already set a precedent of being a potential liability to your insurer.
Location
Your place of residence also affects your insurance premium. Residing in a place with a higher crime rate will warrant a higher premium payment.
Tips for Maintaining Affordable Comprehensive Car Insurance
It is possible to get affordable, comprehensive car insurance. However, the premium can be adjusted at the year’s end if you prove to be a liability to your insurer. To keep paying a lower premium, follow the tips below:
Have a Clean Driving Record
Avoid getting involved in any accidents. Every time your insurer pays a claim for an accident you are involved in, they recalculate the premium payable for your insurance policy.
Install Safety Features
Protect your car from theft and vandalism to ensure you will not need to claim compensation from your insurer. Again, insurers prefer policyholders who are not a liability to them.
Consider Usage-Based Insurance
This option allows you to pay a premium based on your auto usage. It is also known as a pay-as-you-drive insurance option. And your insurance premium is based on your car’s mileage. This allows you to pay a lower premium if you only occasionally use your vehicle.
Conclusion
Despite the higher premium, comprehensive insurance coverage is a worthy investment. The risks covered by this insurance make it essential. You are guaranteed protection in case of an accident. Additionally, liability coverage for third parties makes it ideal to cover other people involved in the accident.
To get a good comprehensive cover, shop around and look for a comprehensive insurance cover that offers all the features at a lower premium. Additionally, follow the tips for retaining a lower premium to avoid getting a premium adjustment over the years.
