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At A Glance

REX Insurance Ltd, formerly Royal Exchange General Insurance, offers motor cover across full comprehensive protection, third-party, third-party fire and theft, and an enhanced Royal Auto range. With insurance roots in Nigeria dating to 1918, REX combines a long heritage with a recent rebrand and digital focus, and is regulated by NAICOM.

Compare Plan Benefits

Claims & Support

Report any incident to REX promptly and provide the documents requested. The comprehensive plan covers fire, accident, and theft to your own vehicle plus third-party liabilities and occupant medical expenses. The Royal Auto plans add own-damage, theft or fire, and passenger cover to an enhanced third-party base, with premium instalment options. Confirm your plan before claiming.

How to Make a Claim

Notify REX 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
Confirm your Royal Auto plan's benefits before authorising repairs
Contact REX customer support for repair authorisation and claim queries

REX Plans

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1.

Motor Comprehensive, Private and Commercial (5% of car value per year): Covers loss or damage to the insured vehicle from fire, accident, and theft. Also covers the insured's liability to third parties for property damage, accidental bodily injury or death, and claimant's costs and expenses incurred with the company's consent. Covers medical expenses for the insured, driver, or other occupants, and loss or damage to the vehicle's in-built accessories.
2.

Third Party Motor, Private (₦15,000 per year): Statutory cover. Third-party property damage up to ₦3,000,000 and accidental bodily injury or death to the third party.
3.

Third-Party Motor, Commercial (₦20,000 own goods and staff buses, ₦100,000 trucks per year) : Third-party property damage and accidental bodily injury or death to the third party.
4.

Motor Third Party, Fire and Theft, Private and Commercial (3% of car value) : Third-party property damage, accidental bodily injury or death to the third party, and claimant's costs and expenses incurred with the company's consent.
5.

Royal Auto Bronze (3% of car value plus ₦15,000): An enhanced third-party product for private vehicles. Covers accidental damage to the insured's vehicle, loss by theft, third-party property damage, accidental bodily injury or death to the third party, and loss or injury to passengers. Towing expense ₦10,000 and premium instalment payment up to four times.
6.

Royal Auto Silver (3% of car value plus ₦15,000) : Covers accidental damage to the insured's vehicle, loss or damage by fire, third-party property damage, accidental bodily injury or death to the third party, and loss or injury to passengers. Towing expense ₦20,000 and premium instalment payment up to four times.

Who Should Consider This

1.

Drivers who want enhanced third-party cover with instalments: The Royal Auto Bronze and Silver plans add own-damage, theft or fire, and passenger cover to a third-party base, with premiums payable in up to four instalments.
2.

Commercial vehicle operators: REX prices third-party cover separately for own goods, staff buses, and trucks.
3.

Drivers seeking fire and theft cover: The Third Party, Fire and Theft plan adds own-vehicle fire and theft protection at 3% of car value.
4.

Owners of higher-value cars: The Motor Comprehensive plan covers fire, accident, theft, occupant medical expenses, and in-built accessories.

nairaCompare Insight

REX's most practical motor feature is the instalment option on its Royal Auto plans, which lets drivers spread the premium across up to four payments. For motorists managing cash flow, the ability to pay an enhanced motor premium in stages rather than as a single lump sum is a genuine advantage that few insurers offer as clearly.

The Royal Auto Bronze and Silver plans differ mainly in whether they emphasise theft or fire cover, so it is worth reading the benefit list carefully to pick the right one. For full protection, the Motor Comprehensive plan covers occupant medical expenses and in-built accessories. Compare REX's Royal Auto plans against AIICO's Enhanced Third Party tiers and NSIA's Advanced Third-Party range on nairaCompare before deciding.

About REX Insurance Ltd

REX Insurance Ltd, formerly Royal Exchange General Insurance Company, rebranded to REX Insurance in 2024 with a new head office in Victoria Island, Lagos. Its insurance heritage in Nigeria dates to 1918 through Royal Exchange Assurance of London, with a full Lagos branch established in 1921. The company underwrites general insurance including motor, and has expanded into climate-based agricultural and inclusive retail products. It is regulated by NAICOM.

CONTACT ADDRESS 26E AbdulRahman Okene Close, Off Ligali Ayorinde Street, Victoria Island, Lagos

WEBSITE www.rexinsure.com

PHONE NUMBER +234 1 277 3500

EMAIL ADDRESS info@rexinsure.com

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