‘Grace will expire!’ How to Obtain Third Party Vehicle Insurance to Stay Out of Police Trouble

The Nigeria Police Force has commenced strict enforcement of the Third-Party Motor Vehicle Insurance policy, effective February 1, 2025. This move follows directives from Inspector General of Police Kayode Egbetokun and aligns with legal requirements under the Insurance Act and the Motor Vehicle (Third-Party Insurance) Act.

Vehicle owners must possess at least third-party insurance to remain compliant with the law, as the policy provides financial protection for accident victims, covering damages and medical expenses. Beyond legal compliance, third-party insurance shields drivers from unexpected financial burdens arising from road accidents.

With approximately 9.4 million vehicles operating with fake insurance certificates in Nigeria, the enforcement drive aims to curb the rising number of uninsured cars on the roads. According to the Nigerian Insurers Association, only 2.72 million vehicles had valid insurance coverage as of February 2021.

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The Federal Government, through the National Insurance Commission (NAICOM), revised motor insurance premiums in December 2022, implementing new rates from January 1, 2023. Under the new structure:

• Private vehicle owners now pay N15,000 for a N3 million Third-Party Property Damage (TPPD) limit, up from N5,000 for N1 million.
• Owner-good vehicles and staff buses now require N20,000 for TPPD limits of N5 million and N3 million, respectively.
• Commercial trucks must pay N100,000 for a N5 million TPPD limit.
• Tricycles and motorcycles pay N5,000 and N3,000, covering N2 million and N1 million, respectively.
• Comprehensive insurance rates require a minimum of 5% of the insured sum after discounts and rebates.

To verify the authenticity of their insurance, motorists can visit www.askniid.org or dial USSD code 56511# from any mobile device.

Third-party insurance remains the most affordable and legally required coverage for motorists in Nigeria. Several leading insurance providers offer tailored policies, including:

• Allianz Nigeria – Discounts for women and drivers aged 45+, plus safe-driving rewards.
• AIICO Insurance – Comprehensive plans covering accident damages, theft, and third-party liabilities.
• AXA Mansard – Affordable coverage for accidents, floods, fire, and theft.
• Leadway Assurance – Extensive protection against fire, theft, and other damages.
• Custodian Insurance – Policies covering repair and replacement costs, including medical expenses.
• With enforcement now in full effect, vehicle owners are urged to ensure compliance to avoid penalties and legal action while securing financial protection in case of accidents.

Police Begin Crackdown on Vehicles Without Third-Party Insurance

OwelekeTV can confirm that operatives of the Ogun State Police Command on Saturday, commenced the enforcement of third-party motor insurance across the state.

The enforcement exercise began at 12:00pm, with the Commissioner of Police, Lanre Ogunlowo, personally leading the operation.

Ogunlowo visited key areas in Abeokuta, including Olomore, Ibara, and OPIC Panseke, to monitor compliance levels among motorists.

During the enforcement, motorists without valid third-party insurance but with other required vehicle documents were granted a grace period and educated on the importance of compliance.

Ogunlowo emphasized that third-party motor insurance is a crucial safety measure that provides financial protection for accident victims and ensures insurance companies compensate those affected.