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PSV car insurance in Kenya
28Aug

PSV car insurance in Kenya

1. What’s the Deal with PSV Insurance in Kenya?

PSV stands for Public Service Vehicle—think matatus, taxis (yellow line, Uber, Bolt), tuk-tuks, boda bodas, buses, chauffeur-driven vans… you name it.

Types of Coverage available:

Insurers like Pioneer, Definite, Amaco, Monarch, and others offer sweet cakes of options:

  • Comprehensive Cover – The big boss of coverage. Includes:
    • Accidental damage, theft, fire, riots, malicious damage, natural disasters
    • Third-party property damage & bodily injury
    • Passenger liability (if someone’s injured in your ride)
    • Extras: courtesy car, tracking, political violence, loss of use, hospitalization allowance, and more
  • Third-Party Only (TPO) – The “bare minimum” legal four‑wheeler protection:
    • Covers just property damage and bodily injury of others, not your vehicle
    • Cheaper, but you’re flying without wings for your own ride

There’s also a middle ground—Third-Party, Fire & Theft, but let’s not overcook this stew.

2. How Much Does It Cost?

Pricing in Kenya depends on type of vehicle, its value, usage, and your driving record. Let’s break the numbers:

Comprehensive Insurance Rates:

  • Typical premiums are a percentage of the vehicle's value, slashed this way:
    • Vehicles under KSh 1 million → 6.75%, roughly KSh 37,500–70,000
    • Value between KSh 1m–1.5m → ~5% → KSh 45,000–60,000
    • KSh 1.5m–2.5m → 3.5–4% → KSh 60,000–75,000
    • KSh 2.5m–5m → 3–3.5% → KSh 87,500–100,000
    • Above KSh 5m → ~3% → KSh 87,500–175,000+

Third-Party Only (TPO):

  • Typical private car TPO: KSh 7,500–15,000 per year
  • Commercial/PSV wheels (like Uber/Bolt or chauffeurs): starting around KSh 9,583, and up depending on vehicle class

PSV-Specific Tidbits:

  • Some tailored policies (like app-hailing taxis) offer:
    • 1 month TPO starting at ~KSh 3,000
    • 1 year TPO from ~KSh 7,000
  • Tuk‑tuk/PSV comprehensive via Co‑op:
    • Rate: ~4% of sum insured, minimum premium KSh 15,000
    • Passenger Legal Liability (PLL): KSh 500 per person
  • Boda boda PSV:
    • Comprehensive premiums: ~5% of value, min KSh 5,000
    • PSV minimum (6-month): KSh 6,000, yearly KSh 12,108 for PSV

3. Comprehensive vs Third-Party

Comprehensive:

  • You’re Insured AF—your ride, riders, chaos, theft, you name it, it’s covered. Plus optional perks like excess protector, terrorism cover, even replacement vehicles.
  • More expensive, but peace of mind? Chef’s kiss.

Third-Party Only (TPO):

  • The “cover the basics” plan. You only cover damages to others. Your vehicle? Your problem.
  • Cheap upfront—but could cost you big time after a clash.

4. Vibes from the Street: What Folks Say

“Pioneer rate is 6.5% all inclusive with excess protector and PVT. You’d rather pay higher but be sure of claim settlement.” Ask Imana Insurance Agency Kenya Ltd

Translation: yeah, pay more for smooth claims and no stress.

5. Wrapping It Up

Imagine your PSV like a warrior—without comprehensive, it's fighting battles naked. With comprehensive, it's geared up, cloaked in protection, ready to absorb riot, theft, collision, or unexpected pothole of reality.

But if you're ballin' on a budget, TPO keeps your ride legal without emptying your pockets—just know you're still vulnerable.

6. Need a Quote or Want to Talk Real Talk? Hit Up Imana.

Imana Insurance Agency Kenya Ltd is your homie for online comparisons, quotes, and that straight-no-chaser energy.

Website: www.imana.co.ke and www.mykava.co.ke
Physical Location: 4th Floor, Krishna Centre, Woodvale Grove, Westlands, Nairobi, Kenya
Call/WhatsApp: +254 796 209 402 || +254 745 218 460

Slide into their WhatsApp with your vehicle ride details, and get lit with quote options and services that don’t sugar-coat reality.

So there it is—no sugar, all real talk. Whether you're schooling the PSV game or hustling your first ride, cover smart. And remember, Imana is your go-to for the real-deal quotes and cover that fits your hustle.

Got you—let’s spice this PSV Car Insurance blog with hashtags that actually trend in the Kenyan insurance, motoring, and hustler economy space. 

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