List of Best Car Insurance Companies in Kenya (2019)

These are the top ranked car insurance companies in Kenya by premium size. Get a quote from the biggest insurers in the market

Car insurance is a mandatory class of insurance for all motor vehicles operating on public roads as per the Kenyan laws. This explains why this class of insurance business is one of the biggest if not the biggest line for most general insurance companies.
Unfortunately it is also the class of business that experiences the highest number of claims as a result of accidental damage and theft of motor vehicles. In this article, we examine the different types of car insurances, categories of cars (based on use) and lastly the top car insurance companies in the Kenyan market. Every car/motor bike owner in Kenya requires some form of insurance cover, when choosing the insurance company, it helps to select the best and biggest providers to make sure you are getting peace of mind.

Types of Car Insurance in Kenya

There are three types of car insurance in the Kenyan market :


Comprehensive insurance is the recommended cover for most vehicles and covers the insured asset (vehicle) and all third party liabilities as well. It covers the vehicle against accidental damage and theft, fire, floods and storms among others. The most common optional add-ons for this cover are the excess protector for own damage and also the political violence and terrorism rider.

Third Party Only (TPO)

This the most basic type of cover as mandated by Cap 405. Act Title: Insurance (Motor Vehicle Third Party Risks). For all motor vehicles operating on Kenyan roads, this is the minimum level of insurance cover required. As the name suggests, it only covers the insured against third party persons and property liabilities. This is the commonest car insurance being the most affordable. In addition it is the only insurance suitable and offered for old or low value cars.

Categories of vehicles


These are the cars for individuals, families and organisations which used for private and social purposes e.g. commuting to work, taking children to school


These are vehicles normally used by businesses for official purpose e.g. lorries for construction sites, pickups for ferrying goods etc

PSV Self & Chauffeur Driven

These are most commonly the saloon cars used to ferry fare paying passengers and are common with registered taxis, airport taxis, online ride hailing apps like Taxify, UBER, etc


These are the public service vehicles comprised of mini buses and various sizes of buses. They are the main means of public transport in most urban centres. They require a specific type of insurance from other PSV vehicles. For a detailed breakdown of psv Matatu insurance covers, check out this blog post.

Special purpose

This category comprises of tractors, graders, cranes, mixers, excavators and other specialised vehicles used in various types of construction.

  1.     CIC Insurance Logo  CIC Insurance 

CIC is the undisputed king of motor insurance in Kenya topping the premium tables for both private and commercial motor insurance as at end of 2017. It underwrote a total premium of KSh 2.9 Billions comprising of 2.4 B of motor private and 2.5 B of motor commercial insurance. It is one of the most financially solid insurance companies, listed on the Nairobi Stock Exchange (NSE) and has branches all across the country.

With such a large share of the motor insurance, it unsurprisingly also suffered a combined underwriting loss of close to KSh 560 millions

Total premium: KSh 4.9 Billions

  1.       UAP Old Mutual InsuranceUAP Old Mutual Insurance

After the merger of UAP and Old Mutual, the company has become a financial services powerhouse spanning the entire region. It offers services from asset management, life and medical insurance, general insurance, savings and deposit takings, micro-finance and a whole host of others. For the year ended 2017, it underwrote a total premium of KSh 2.7 Billions with 1.7 Billions coming from the private motor class. During the same year, it launched its innovative EasyDirect product, a unique direct channel for customers to buy their car insurances online. It suffered a loss of over KSh 165 million in the motor book mainly caused by the loss of KSh 400 millions in the motor private insurance book.

Total Premium: KSh 2.7 Billion

  1.     BRITAM Insurance CompanyBRITAM Insurance

BRITAM is a heavy weight across the financial services spectrum in Kenya and in the region. It underwrote premiums of KSH 2.6 Billions for the motor book. This was finely divided between the private and commercial classes. Similar to competitors it also suffered a loss of close to KSh 595 billions from this class of business. From its leadership in the life insurance business, BRITAM has managed to ride on that to grow its general business lines through a mix of mergers and acquisition and business expansion.

Total Premium: KSh 2.6 Billions

  1. APA Insurance       APA Insurance

APA insurance is another brand that has used its powerful life insurance and asset management brand to grow its general business line and medical insurances. In the last 5 years, APA as emerged into the pack of top general insurance providers. It underwrote a premium of KSh 2.3 Billions finely split in the private and commercial segments. Surprisingly, it made an underwriting profit of close to KSh 160 millions making it one of the most profitable car insurance companies in Kenya. APA has a long track record of strict underwriting, it has shied away from risky business lines and the industry malpractice of price undercutting.

Premium: KSh 2.3 Billions

  1. Jubilee Insurance    Jubilee Insurance

Jubilee is the biggest brand in the insurance market here in Kenya and in the region having just celebrated its 80 years anniversary. Jubilee car insurance falls down a number of steps in the rankings having been top in the previous year. It underwrote a premium of KSh 2 Billions with just under KSh 1.3 Billions coming from the private motor insurance book. Unlike its competitors, Jubilee made an underwriting profit of KSh 110 millions for the motor business.

Premium: KSh 2 Billions

  1. Invesco & Directline Assurance

These are the only 2 general insurance companies in the market that offer cover for the notorious MATATU segment. Due to the high-risk nature of the industry, only two insurance companies own 100% of the market to be able to generate sufficiently large premiums to cushion the risk.

Invesco earned KSh 2.9 Billions from this class alone while Directline underwrote a premium of KSh 1.9 Billions for the commercial motor segment.


If you are looking for a car insurance quote, get in touch with us to compare over 10 insurers, benefits, limits of liability and also check out what other customers are saying on our customer reviews page. While buying car insurance, don’t only go for the biggest brands but also research the market to find out what customers are saying about their experiences.



Matatu PSV Insurance Companies in Kenya

Directline and Invesco are the two companies that offer Matatu insurance in Kenya. Compare a quote with benefits and premium rates online.

Matatus are the most common means of public transport in Kenya accounting for over 70% of travel in urban areas like Nairobi, Mombasa, Kisumu and others. Matatus ply different routes within the city and some of the popular suburbs outside the city centre to major towns and centres. The Matatu transport industry forms one of the largest percentage of the informal sector employing thousands of youths. In efforts to make the Matatus industry digital and cashless, many leading banks in Kenya and global tech giant Google have nonetheless failed to move the industry online. Popular among these is the long failed project BebaPay created by Google that failed to take off.

The typical Matatu carries about 14 to 28 passengers plying some popular routes like Rongai, Eastleigh, Embakasi and more in Nairobi. These PSV vehicles are custom fitted with different types of seats, music systems as well as LCD screens for passenger entertainment. Like all motor vehicles on Kenyan roads, Matatu require car insurance cover to operate on the road.

The rate of accidents on PSV vehicles is very high and especially the Matatu group. This has caused many of the insurance companies shy away from insuring vehicles that are operating as Matatus. In the market today, only two companies offer Matatu insurance namely Invesco and Directline insurance companies. The biggest insurance liability is the third party bodily injuries and deaths arising out of accidents as well as the passenger legal liability. This segment is reported together with the commercial motor insurance segment is the AKI Annual industry report with the 2 leading providers of this class of business recording premiums of KSh 5.1 billions, an equivalent of USD 51 millions.

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Directline Insurance

Directline Assurance Company is the undisputed leader in PSV Matatus and Bus insurance in Kenya. It has sorely concentrated on the motor insurance business segment of the market. It offers the following products exclusively PSV Matatu, PSV Bus, Taxi, Commercial Motor, Private Motor. With over 17 branches country wide, Directline has an annual turnover of over KSh 3.2 billions putting it among the top 5 car insurance companies on the market. For a list of the top car insurance companies in Kenya. The company is headquartered at Hazina Towers, 17th Floor, Monrovia Street, Nairobi and has branches in major cities like Kisumu, Eldoret, Embu, Machakos and others. On the motor commercial business line, the company made an underwriting profit of KSh 82 millions bucking the trend experience by most of the industry.

INVESCO Insurance

Invesco Assurance is perhaps the leading PSV Matatu insurer in Kenya with branches in over 27 locations countrywide. In addition to being known for Matatu insurance, Invesco also offers the following insurance products; commercial vehicles, private vehicles, PSV taxi, fire and allied perils, Workers Injury Benefits Act (WIBA). For the Motor commercial business in the 2017, Invesco suffered a loss of KSh 225 millions having underwritten a total premium of KSh 1.88 billions.

MATATU Insurance Rates

The insurance rates for this business segment is something that is not commonly shared because of the fact that it is only offered by two insurance companies listed above. Previously, AMACO insurance had offered the cover for PSV Matatus but pulled out of the business segment arising out of liabilities and property losses. Most insurance reports in the media also point to the high fraud in the market and the high rate of loss. The vehicles operate close to 18 hours on the road every day, which increases the rate of accidental damage as well.

The Matatu/PSV insurance product is split into the comprehensive part and also the third party cover.

The comprehensive covers the assets itself from damages and also the different accessories both inside and outside the vehicle. This is similar to the cover that is common for other vehicles like the private car insurance and also PSV chauffeur driven insurance.

The below table shows an example of a MATATU PSV insurance quote for 11 passengers vehicle commonly used in Nairobi

Matatu Value 1,000,000
Cover Comprehensive
Premium Value 140,294
Excess Protector for Own Damage 5,000
Political Violence Terrorism 0.000
Training Levy 291
Policy Holder C Tax 363
Total Insurance Premium 145,948

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MATATU PSV Third Party Insurance

While the above table shows the rates for the comprehensive cover, it does not cover the third party liability and also the passenger legal liability. A car insurance for a private car normally combines the asset (vehicle) insurance together with the liabilities insurance. For a Matatu, the liability part of the cover is priced separately and depends on the number of passengers that the Matatu/Bus carries. As for the above example of the 11 passengers Matatu, the rates for the third party cover will be KSh 90,700 for the annual premiums, which may be paid as a one off, in 3 instalments, down all the way up to weekly premiums payments.

Therefore, this brings the total cost of the Matatu insurance to KSh 236,648.

Compare to the rates for private cars or PSV vehicles, it is clear the Matatus have by far the highest pricing for motor vehicles.

An outlay of over KSh 200,000 for the Matatu insurance can be a big burden for many owners, for this reason FINTECH companies have stepped in to provide flexible payment methods. A small start-up has also come in to offer daily payments for the Matatu industry making the lives of the operators much easier.


If you are looking for an insurance cover for your Matatu or any other PSV vehicle for UBER/BOLT Little Cabs, check out our detailed guide on PSV insurance rates and find out how much you could potentially save, reach us on the online chat, give us a call or or simply visit our offices;