JUBILEE Car Insurance Policy

Jubilee Kenya is the biggest composite insurance company in the Kenyan market and the region.  Founded in 1937 in Mombasa, it is also one of the old providers in the market with a credible brand standing in the market. It has presence in Kenya, Tanzania, Uganda, Burundi, Mauritius and has over 450,000 clients. It is publicly listed across Nairobi Stock Exchange, Uganda Securities Exchange and Dar es Salaam Stock Exchange.

In Kenya, Jubilee underwrote a gross premium of just over KSh 2 billions for the combined class of motor private and motor commercial insurance putting it in the top 5 biggest players. The Jubilee car insurance product is a standard cover similar to other providers in the market, offers cover for liabilities for passengers, third party persons and property. It also offers cover for accidental damage to the insured vehicle and partial and full thefts

In light of the heavy losses experienced by insurers in the motor insurance, Jubilee has revised its premiums rates to better price the risks from the large segment of customers in the market. As a result, new and more expensive vehicles get very discounted insurance rates compared to the older less valuable cars in the market.

In addition, Jubilee has a special product called Lady Jubilee Car Insurance which is specifically targeted to the female customers, it offers much more comprehensive benefits but at a discounted rates. This is because lady drivers statistically have a lower risk profile compared to their male compatriots.

In order to take a Jubilee motor insurance, the customer needs to have a valuation and inspection done at a Jubilee motor assessment centre or approved third party. No insurance sticker can be issued before this is performed.

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Jubilee Motor Insurance Rates table

Vehicle Value 1 – 7 YRS 8 – 10 YRS 11- 12 YRS 13 – 15 YRS OVER 15 YRS
Below 500,000 7.5% 7.5% 7.5% 7.5% 7.5%
500-800,000 3.5% 4.25% 4.5% 5% 7.5%
800000 – 1000000 3.25% 3.75% 4% 4.5% 7.5%
Over 1,000,000 3% 3.25% 3.5% 4% 7.5%


From the table above, the cost for insuring a private car depends primarily on its age and its value. That means newer vehicles will get generous discounts when insuring with Jubilee.  It is important to note that this rate is the basic rate for motor insurance and does not include the most common benefits of excess protector for own damage and the political violence and terrorism extension.

If you are looking for a motor insurance quote from Jubilee check out our a comparison of all the rates on our online insurance portal. In addition, you can get quotes from up to 15 other providers, compare benefits, limits of liability and see how much you could save.