Motor insurance is mandatory in Ghana, yet many drivers unknowingly pay more than they should. From choosing the wrong policy to buying insurance in a rush, small mistakes can lead to inflated premiums or inadequate protection when accidents happen. With the rising cost of living and increasing vehicle ownership, understanding how to get the best value for your motor insurance is more important than ever.Below are practical strategies to help Ghanaian drivers spend wisely and still stay protected on the road.
Not every car needs comprehensive insurance. Ghana’s insurance market offers three main options:
Many drivers overpay because they buy comprehensive when a mid-level option would have been enough. Always match your policy to the value and usage of your vehicle.
Premiums vary from insurer to insurer depending on risk assessment, vehicle type, age and claims history.
Yet most drivers in Ghana renew without checking alternatives.Comparing policies can reveal better prices, fewer exclusions, or lower excess (the out-of-pocket amount you pay during a claim). A few minutes of comparison can save you hundreds of cedis annually.
Insuring your car above its market value leads to unnecessary premium increases.
Insuring it below market value also puts you at risk that insurers will reduce your claim during settlement.Use the true market value based on:
This ensures fair premiums and fair payouts.
Some insurers provide:
These can significantly reduce your premium. But most drivers never ask, and insurers rarely volunteer the information.
Hidden costs can quietly inflate what you pay over time. Pay attention to:
The cheapest policy is not always the best value.
Last-minute renewals can force you into poor decisions or inflated rates. Early renewal:
A planned renewal is always cheaper than a rushed one.
Some drivers overpay simply because they depend entirely on roadside agents or middlemen.
Digital insurance platforms allow you to:
They eliminate price manipulation and ensure transparency.
If you want a straightforward way to avoid inflated premiums, Maya makes it simple.
You can compare insurers, buy motor insurance, and renew your policy online without queues or agent interference. You see the real prices, understand what’s included, and make a confident choice.Saving money on insurance shouldn’t be difficult, and with Maya, it isn’t.