Best Car Insurance Companies in Ghana- 2021
Car insurance companies in Ghana- Car insurance is one of the most essential type of insurance plan that meet the needs of most people. Insurance could be described as the purchase of security or the assured, anxious to protect oneself against a risk.
It is extremely crucial that you attain a car insurance where you can be rescued in the event of a car crash, your car get stolen or care burnt up.
Unfortunately, people don’t feel the need for car insurance or get their vehicle insured until they are involved in an accident.
Here, MechVibesblog has taken up the responsibility to provide it’s readers with the top 10 best car insurance companies in Ghana that are performing well in the market with all relevant data that you will need.
Types of Car Insurance in Ghana
There are different types of car insurance here in Ghana. These are mainly offered by many companies:
*Third-Party Policy
Third-party insurance is an insurance policy purchased for protection against the claims of another. Third-party insurance is essentially a form of liability insurance purchased by an insured (first-party) from an insurer (second party) for protection against the claims of another (third party).
*Comprehensive Policy
This type of insurance offer a peace of mind. Comprehensive car insurance is the best auto insurance policy because it covers compensation for car accidents and other kinds of misfortune.
Fully comprehensive auto insurance is of great help depending on
the type of vehicle you want to insure.
How to choose the best car insurance companies in Ghana?
Hence, there are a number of views and motives that make an insurance company the best for an individual or a cooperation. One should consider the following factors while choosing a car insurance company.
Claim Settlement Ratio
Claim Settlement Ratio tells the number of claims settled by a car insurance company out of the all the claims received by it during a financial year.
It is always good to go with an insurance company with a high claim settlement ratio.
Network of Cashless Garages
Today, insurance companies offer cashless facilities at garages for claims. While choosing a car insurance company, one must check the strength of the network of cashless garages of the insurance company.
Here, the policyholder get his vehicle repaired at any of the network garages that are included in the company insurance list.
Financial Ability of the Company
Another key to factor here, the financial availability of the insurance company in which you choose.
Do your private research before going ahead to sign any deal with an insurance company in Ghana.
Customer Support Service
Most insurance companies in Ghana offer 24*7 customer support whiles others offer 5-day customer assistance services.
Also, get to know what type of customer service the insurance company in Ghana you are choosing offers.
Online Comparisons
Have to perform few online comparisons of the insurance company you are choosing. If NO, kindly spend few minutes of your time to check out few online comparison of the isurance company you are choosing.
Besides, this will help boost your confidence and gives you a great value on your vehicle with a great return of investment.
Customer Reviews
A customer review is a review made by a customer who has purchased a policy from the insurance company you intent to choose or work with.
Car Insurance Companies in Ghana
Here is a quick list of car insurance companies in Ghana to help secure your car. Let’s set the ball rolling;
- Star Assurance
- ALLIANZ Insurance
- Hollard Insurance
- Donewell Insurance
- SIC Insurance
- Enterprise Insurance
- Priority Insurance
- Serene Insurance
- REGNEM Insurance
- Provident Insurance
- SUNU Insurance
- Vanguard Assurance
- Phoenix Insurance
- Loyalty Insurance
- Millennium Insurance
- Bedrock Insurance
Conclusion
The insurance companies should improve upon claim processing procedure in terms of number of days taken to process claims.
Besides, education on car/motor insurance policy should be provide to car owners.
This will help boost their confidence and gives them a great value on their vehicle with a great return of investment.
Finally, lets here from you in the comment box section, what are your views, suggestions and contributions.
Go well!
