Third-Party Car insurance is the mandatory minimum car insurance by law in Kenya for every automobile including Motorcycles and vehicles.
It’s an offense in Kenya to drive or ride without Third Party insurance proof. This can attract a fine of up to ksh 10,000 or more if involved in an accident.
For it to be mandatory, every driver must buy one, however many don’t know how much it goes for in the market, that is where questions such as:
- How much is The Third-party Car Insurance in Kenya?
- How much will I pay For PSV Third party insurance?
- How much is Third party Private Car insurance?
- How Much Will a driver pay for Third party Commercial vehicle?
- How Much Will Tax drivers pay For Third party Insurance in Kenya?
- How much is Third Party Insurance for Boda Boda In Kenya?
Well, these and much more are some of the questions Kenyans tend to ask or rather search on the internet for results.
However, to answer this question am going to give an approximate overview of the prices involved with Third Party insurance in Kenya as every Insurance company has different prices.
Third-Party Car Insurance Requirements in Kenya
Although some insurance agents /brokers companies might require more documents for you to buy Third party car insurance, these are the basic requirements:
- Logbook of the car to be insured/Registration Number
- National ID for the owner of the vehicle/motorcycle
- Valuation report
- Third Party Car Insurance proposal form
1. Premium Rates
In Kenya, third-party car insurance rates are regulated by the Insurance Regulatory Authority (IRA), ensuring they remain affordable.
- Typical premium ranges:
- Private vehicles: Around KES 7,500 – KES 10,000 annually.
- Commercial vehicles: KES 10,000 – KES 15,000 annually (varies with vehicle size and use).
- Motorcycles: KES 2,000 – KES 7,500 annually.
- PSV Matatus goes for approximately ksh 100,000 per annum
- PSV Tax goes for approximately 9500 per annum
2. What the Cost Covers
Third-party insurance covers:
- Damage to third-party property (vehicles, structures, etc.).
- Injury or death of third parties.
- It does not cover your own vehicle or personal injuries.
3. Factors Affecting Cost
- Vehicle Type: Private cars, motorcycles, matatus, and trucks have different premiums.
- Usage: Vehicles used for commercial purposes may have higher premiums.
- Insurer: Some insurers offer lower premiums due to discounts or promotions.
4. Additional Costs
Although basic third-party insurance is inexpensive, there might be additional charges for:
- Service Fees: Administrative fees by insurers.
- Upgraded Coverage: Some insurers offer optional add-ons (e.g., personal accident cover) at an extra cost.
Third-Party Example Cost Breakdown (Kenya)
| Vehicle Type | Basic Premium (KES) | Additional Fees (KES) | Total Cost (KES) |
|---|---|---|---|
| Private Car | 7,500 | 500 | 8,000 |
| Motorcycle | 3,000 | 200 | 3,200 |
| Light Commercial | 12,000 | 500 | 12,500 |
| Matatu/PSV | 15,000 | 1,000 | 16,000 |
Tips for Finding Affordable Third-Party Insurance
- Compare Insurers: Rates can vary slightly; shop around for the best deal.
- Bundle Policies: Some insurers offer discounts if you purchase multiple policies.
- Reputable Providers: Focus on insurers with a fast and reliable claim process.
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