Motor insurance in Ghana is mandatory for all registered vehicles, and finding an affordable but reliable provider can save you money and stress. Whether you drive a private car, motorcycle, taxi, or commercial vehicle, this guide covers the cheapest motor insurance companies, what to look for, and tips to get the best deals.
đź“Ś Understanding Motor Insurance in Ghana
Motor insurance protects you financially against:
- Liability to third parties (other people’s property or injuries),
- Damage to your vehicle (if you choose more than the basic cover),
- Theft, fire, and other risks (with higher-tier plans).
Policies are generally available as:
- Third Party Only (TPO) – the cheapest and legally required minimum cover.
- Third Party, Fire & Theft (TPFT) – adds extra protection for your vehicle.
- Comprehensive – the most complete but usually more expensive option.
Annual premiums vary but basic third-party insurance can be as low as around GHS 530 for private cars and GHS 302 for motorcycles (2025–26 tariff base).
🏆 Top Cheapest Motor Insurance Providers in Ghana
Here’s a list of well‑known insurers that offer cost‑effective motor insurance, particularly for budget‑minded drivers:
1. Priority Insurance
A popular choice for affordable third‑party and TPFT covers. Often cited as one of the cheaper options in Ghana’s motor insurance market.
âś” Competitive pricing
âś” Offers standard motor policies for various vehicle types
2. Quality Insurance Company (QIC)
Known for budget‑friendly premiums, QIC is a good pick if you want basic protection without high costs.
âś” Simple online enquiries
✔ Often used by first‑time buyers
3. Star Assurance
Offers some of the more affordable motor insurance options, especially in the third‑party category.
âś” Wide network across Ghana
âś” Flexible policy terms
4. Millennium Insurance
Provides flexible motor plans and options tailored to your budget. Their third‑party and TPFT options tend to be more accessible for cost‑conscious drivers.
✔ Comprehensive and third‑party options
âś” ECOWAS travel cover available with some plans
5. aYo Pay & Drive (Underwritten by Sanlam)
A digital, flexible motor insurance product that allows you to pay for short periods (even weekly) — ideal if you don’t want to pay for a full year upfront.
✔ Pay‑as‑you‑drive flexibility
âś” Digital purchase via USSD and no paperwork hassles
6. Allianz / Bancassurance Options
While Allianz may not always be the cheapest, partnering with banks like Societe Generale Ghana through bancassurance products can offer competitive pricing and additional perks like quicker claims and discounts.
âś” Trusted global insurer
✔ Bancassurance tie‑ins can mean better deals
7. Smart Insurance Platforms
Aggregators like Smart Insurance Ghana let you compare quotes from multiple insurers in one place, helping you find the cheapest option fast.
âś” Instant comparisons
âś” Policies from multiple major insurers
đź’ˇ How to Get Even Cheaper Premiums
👉 Compare before you buy: Motor insurance rates vary widely depending on the insurer and your vehicle details, so always request quotes from at least 3 providers.
👉 Choose the right cover: If you only need legal compliance, start with Third Party Only. Comprehensive is safer but more expensive.
👉 Ask about discounts: Some insurers offer no‑claims bonuses, safe driver discounts, or reduced rates for certain vehicle types.
👉 Avoid unnecessary extras: Only add add‑ons you truly need — extras such as roadside assistance add to premiums.
🛡️ Where to Compare and Buy
Want to see real quotes and finalize your purchase online?
- Visit comparison platforms like Smart Insurance Ghana for instant price comparisons.
- Use the National Insurance Commission’s motor insurance database (MID) to verify policies.
- Or go directly to provider sites (e.g., Hollard Ghana or Millennium Insurance) for quotes and details.
đź“Š Final Thoughts
Finding cheap motor insurance in Ghana is all about knowing your options and comparing policies. While the lowest price might seem tempting, always balance cost with coverage quality and claims support. With options ranging from traditional insurers like Priority Insurance and QIC to flexible digital products like aYo Pay & Drive, there are plenty of ways to protect your vehicle without overspending in 2026.