Car insurance — often called motor insurance in Ghana — isn’t just a smart financial decision, it’s a legal requirement for all vehicle owners. Under Ghana’s Insurance Act and enforced by the National Insurance Commission (NIC), every vehicle must be covered by at least third-party motor insurance before it can be driven legally.
With many insurers offering motor insurance products, choosing the right company can be confusing. This guide highlights the Top 5 Car Insurance Companies in Ghana in 2025, based on financial strength, reputation, claims service, customer satisfaction, and motor insurance expertise.
1. Enterprise Insurance
Enterprise Insurance
Enterprise Insurance stands out as one of the most trusted and financially solid car insurance providers in Ghana. Established in 1924, it is also one of the oldest insurers operating in the country.
Why It’s a Top Choice
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Strong Financial Base: Enterprise consistently ranks at the top in terms of insurance revenue and market share in Ghana. In 2024, it led the industry with roughly 31% market share — more than many competitors combined.
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Comprehensive Coverage Options: The company offers a full range of motor insurance products including third-party liability, third-party fire & theft, and comprehensive plans.
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Nationwide Presence: A large branch and agent network means easier access to services and faster claims handling.
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Reputation: Long years in the market have built trust among individual and corporate car owners.
Best For
Drivers who want a well-established insurer with strong financial backing and reliable claims service.
2. Star Assurance
Star Assurance
Star Assurance is widely regarded as one of Ghana’s most customer-focused insurers, particularly for car insurance. The company is popular among both retail and business clients for its claims approach and motor policy options.
Why It’s a Top Choice
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Innovative Motor Insurances: Star Assurance recently launched products like Star Motor Third Party Xtra, which offers limited own-vehicle coverage even on third-party policies — a notable innovation in Ghana’s auto insurance scene.
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Fast Claims Handling: Frequently praised for efficient and transparent claims processing.
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Moderate Premiums: Competitive pricing appeals to everyday drivers.
Best For
Car owners looking for innovative plans with enhanced coverage benefits and strong support in claims processing.
3. SIC Insurance Company
SIC Insurance Company
SIC Insurance Company is one of Ghana’s oldest and most respected insurers. Originally formed as the State Insurance Corporation in 1962, it plays a significant role in general insurance, including motor products.
Why It’s a Top Choice
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Government-linked Stability: SIC’s long history and public trust make it a reliable option for car insurance buyers.
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Affordable Premiums: Known for reasonably priced plans, especially for third-party only insurance.
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Widespread Network: Branches and agents across the country provide good accessibility for drivers to buy policies and lodge claims.
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Balanced Product Range: Offers everything from basic liability to comprehensive motor insurance.
Best For
Budget-conscious drivers who want basic, reliable motor insurance backed by long-standing market reputation.
4. Hollard Ghana
Hollard Insurance Ghana
Hollard Ghana is part of an international insurance group with a strong local presence. It has quickly become one of the most respected names in Ghana’s motor insurance market.
Why It’s a Top Choice
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Tech-Enabled Services: Digital tools and mobile claims services make interaction easy for policyholders.
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Flexible Plans: Hollard’s motor insurance products include a variety of options from third-party to fully comprehensive covers.
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Specialised Products: The company often tailors products for specific driver segments — including ride-hailing drivers.
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Growing Popularity: Strong customer satisfaction and modern branding help appeal to a wide range of motorists.
Best For
Drivers who want modern, tech-friendly services with flexible coverage options.
5. Priority Insurance Company Ltd
Priority Insurance Company Limited
Priority Insurance is a fast-growing Ghanaian insurer known for competitive motor insurance offerings and strong service. It has quickly built a reputation for value and customer service.
Why It’s a Top Choice
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Fast Claims Processing: One of the reasons customers choose Priority is its speed and efficiency in handling claims.
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Competitive Premiums: Often priced attractively, especially for third-party and comprehensive covers.
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National Reach: With multiple branches, Priority serves customers across Ghana.
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Recognition: It has won awards for its motor insurance offerings and customer service excellence.
Best For
Motorists seeking value-for-money insurance with good service and efficient claim support.
How Car Insurance Works in Ghana
In Ghana, there are three primary types of car insurance:
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Third-Party Only (TPO): This covers injury, death, or property damage to third parties — but not to your own vehicle.
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Third-Party, Fire & Theft: Adds protection against vehicle theft or fire, in addition to third-party liability.
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Comprehensive Insurance: Offers the broadest protection — covering damage to your own car, theft, fire, and third-party claims.
Most drivers choose comprehensive policies if they want full protection, especially for newer or high-value vehicles.
Tips for Choosing Car Insurance in Ghana
Here are some essential tips before buying motor insurance:
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Compare Quotes: Always get quotes from multiple insurers to compare price and coverage.
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Check Claim Support: Look into how easy and fast a company processes claims.
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Understand Policy Details: Know exactly what’s covered — especially exclusions and add-ons.
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Verify NIC Licensing: Ensure your insurer is licensed by the National Insurance Commission (NIC).
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Look for Discounts: Some insurers offer loyalty or no-claim discounts.
Conclusion
Car insurance is crucial for every driver in Ghana, offering legal compliance and financial protection. In 2025, the Top 5 Car Insurance Companies in Ghana — Enterprise Insurance, Star Assurance, SIC Insurance Company, Hollard Ghana, and Priority Insurance — have distinguished themselves through strong financial performance, solid reputation, reliable claims service, and customer-centric products.