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At A Glance

Coronation Insurance Plc offers motor cover for both private and business vehicles, with options ranging from full comprehensive protection to third-party and third-party fire and theft. Backed by the Coronation group and regulated by NAICOM, the range includes practical extras such as free vehicle tracking, driver training, and fleet discounts for business customers.

Compare Plan Benefits

Claims & Support

Report any incident to Coronation promptly and provide the documents requested. The comprehensive plan covers fire, theft, accidental damage, and third-party liabilities, while the third-party fire and theft option adds own-vehicle fire and theft protection to the basic statutory cover. Confirm which plan you hold before assuming a benefit applies.

How to Make a Claim

Notify Coronation promptly after an accident, theft, or fire incident
Complete a claim form and submit your policy details with photographs of the damage
For third-party claims, provide the third party's details and a police report where applicable
For theft or fire, submit a police report and proof of ownership
Business and fleet customers should confirm any tracker or training conditions attached to the policy
Contact Coronation customer support for repair authorisation and claim queries

Coronation Plans

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1.

Coronation Business Vehicle Insurance (5% of car value per year) : Comprehensive cover including third-party property damage, cover for bodily injury, fire damage, theft, and accidental damage. A free vehicle tracker is included for vehicles up to ₦5 million and above. Free driver training is available where a business operates more than 20 vehicles, and a fleet discount applies when insuring five vehicles or more.
2.

Third Party (₦15,000 per year) : Statutory cover that protects you against legal and financial exposure to third parties arising from an incident. This is the minimum level of car insurance required by law.
3.

Third Party Fire and Theft : Adds protection for your own vehicle against fire and theft to the basic third-party cover, alongside handling of financial or legal issues arising from such incidents.

Who Should Consider This

1.

Businesses and fleet operators: The Business Vehicle Insurance plan, with free tracking, driver training above 20 vehicles, and fleet discounts from five vehicles, is built for companies managing multiple vehicles.
2.

Drivers who want fire and theft without full comprehensive cover: The Third Party Fire and Theft plan suits motorists who want to protect against the loss of their vehicle to fire or theft but do not need full accidental-damage cover.
3.

Cost-conscious motorists: The basic Third Party plan meets the legal requirement at a flat ₦15,000.

nairaCompare Insight

Coronation's motor proposition is strongest for business and fleet customers. The combination of free vehicle tracking, free driver training for larger fleets, and a discount that kicks in from five vehicles reflects a clear understanding of what companies managing a fleet actually value. For an SME or corporate buyer, these extras can offset a meaningful share of the premium.

For individual drivers, the Third Party Fire and Theft option is the most interesting middle ground, adding own-vehicle fire and theft protection without the cost of full comprehensive cover. Use nairaCompare to compare Coronation's business motor terms against Leadway and AIICO, and to weigh its fire and theft option against similar products from Custodian and NSIA.

About Coronation Insurance Plc

Coronation Insurance Plc was incorporated in 1958 as the West African Provincial Insurance Company, later operating as Wapic Insurance Plc before rebranding to Coronation Insurance in 2020 under the Coronation group. The company is listed on the Nigerian Exchange Group and licensed by NAICOM to underwrite all classes of life and general insurance, including motor, fire, marine, and goods-in-transit cover. It operates subsidiaries in Nigeria and Ghana.

CONTACT ADDRESS 119 Awolowo Road, Ikoyi, Lagos

WEBSITE www.coronation.ng

PHONE NUMBER +234 1 2774000

EMAIL ADDRESS csc@coronation.ng

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