A Simple Way To Save Up To 35% On Your Motor Insurance

A while back, I shared how I managed to negotiate interest-free installments for my insurance premiums with the insurance company and also got a discount. I have since changed insurance companies and when I moved, I asked again, and they said yes.

Businesses that are sensitive to customer needs will tend to be responsive to the things that matter to their customers. This is why I was very excited when I saw APA Insurance had a new motor insurance product, that promises to save you money if you limit who can drive your car.

At first, I thought it was the usual thing you do when you fill out your insurance application, where you indicate who else drives your car and it has no effect on your premiums and even your claims (I have always wondered what this information is for).

Well, it is not.

APA’s Named Driver Policy works by having you limit the number of people who can drive your car, and as a result you get to save substantially on your annual premiums. This makes total sense for both APA and the customers because research has shown that over 70% of the car crashes that involve high-value cars are usually by a driver other than the owner of the car. This is why the Named Driver Policy is especially great for their target market, high-value cars whose insurable value is over KES 1.5 million. See whenever you insure such a car, you are paying premiums for yourself, and everyone else who could possibly drive and crash it yet we know that most of us do not like to give out our cars.

What kind of saving are we talking about? I got a sample quotation for a car worth KES 4 million and you end up saving about 35% of your insurance premiums.

This is a sample quotation. Actual figures may differ depending on extras needed.

It is noteworthy that the Named Driver Policy includes free terrorism and political violence cover, which one has to pay for under the regular cover.

The other upside to this cover is that you now have a valid reason to not lend out your car to unauthorized persons. You can tell them that your cover does not cover other drivers.  This saves you wear and tear, and unnecessary heartache. The cover allows 2 drivers, but you can add more at an extra cost of KES 5,000 for every additional driver.

There you have it. Making that small switch saves you money and the drama, and gets you covered for more.