What are Auto Insurance Quote(s) in Nigeria?

An auto insurance quote will tell you the amount of money it will cost you to cover your vehicle. The total worth of your car, your age, your driving experience and other factors control how much you are going to pay for each month coverage.

Different insurance companies offer different auto insurance quotes and they also have a wide variety of coverage plans. It is very advisable to have many different quotes from several different auto insurance firms before you make up your mind on an insurer.

Auto Insurance quote for Nigerians

How long does it take to get auto insurance quotes?

The fastest method to get an auto insurance quote is the online approach. Some companies will compute your estimated insurance cost instantly, but others might prefer sending the details of their auto insurance quote via email. To generate an auto insurance quote, it usually takes about 15 minutes and to even buy insurance online. In general, the more detailed info you can provide on the form, the more accurate your auto insurance quote will be.

Read Also: List of Auto Insurance basic(s) in Nigeria

Another way to get an auto insurance quotes is through the phone. When once you call the insurance company, you will speak to an agent immediately. The insurance agent will carry out some interrogations with you and compute an auto insurance quote for you. Over-the-phone interviews are usually more extensive compared to online auto insurance questionnaires.

After the phone interview, within an hour the insurance agent will call you back with your quote information. It takes a little bit longer to get an auto insurance quote from an insurance agent. But the advantage is that you can make inquiries about something you don’t understand questions and get more explanation about the auto insurance quote.

How many auto insurance quotes should I get before I decide?

It’s a very good idea if one can get at least five auto insurance quotes before he or she decides on the auto insurance provider. Of course, it is necessary to read the fine print. Look for unseen costs and be conscious of the types of accidents that your insurance company will not cover before you sign on the dotted line. Another thing is to be aware of suspiciously low prices. In the auto insurance world, you tend to get what you pay for.

Read Also: 5 smart tips for online car insurance in Nigeria

What is an independent insurance agent?

An independent insurance agent is an insurance expert who knows the nitty-gritty of the auto insurance business and can help you find the best insurance company for you. The disadvantage of using an independent insurance agent is that there is an additional fee that you have to pay for the convenience of not doing the research yourself.

Read Also: Auto Insurance – A look into the Nigerian Insurance Act

If you have enough info on insurance terminology to make a decision without an insurance expert help, there are a few websites out there that will query multiple insurance firms for you and create a handful of auto insurance quote automatically. Using a software algorithm to get the job done will save you money, but only if you are ready to do a little homework. If you don’t know what you’re doing you might end up procuring too much or too little insurance.