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CompareMarket NG is a free, independent comparison platform for Nigerians. You compare insurance, loans and investment products from regulated providers side by side, then buy the one that suits you. We are not an insurer, broker or financial adviser — your contract is with the provider that supplies the product.

Yes. CompareMarket NG is completely free for consumers. You never pay us anything. We may earn a commission from a provider when you buy after clicking through from our platform, at no extra cost to you.

We earn a referral commission from providers when you buy a product through our platform. The commission is paid by the provider, not by you, and it does not change the price you pay or the order in which products are shown. Our rankings are independent.

Prices shown are indicative and for comparison only. Percentage-based estimates (for example, 5% of your vehicle value) are calculated from the value you enter. Your exact premium is confirmed by the insurer at checkout and is subject to underwriting.

Yes. You can complete an insurance purchase directly through our secure checkout, which is powered by our licensed technology partner MyCover.ai. The policy is underwritten by a NAICOM-licensed insurer, and you receive your policy document after payment.

You can compare NAICOM-licensed insurers including AIICO, Coronation, SanlamAllianz and Sovereign Trust, plus NHIS-accredited HMO health plans, across car, health, life, travel, gadget and home insurance.

Third-party car insurance covers damage or injury you cause to other people and their property, and is the legal minimum in Nigeria. Comprehensive insurance also covers your own vehicle against accident, theft and fire. Comprehensive is recommended for newer or higher-value vehicles.

Insurance claims are handled by the insurer that underwrote your policy, not by CompareMarket NG. Contact your insurer directly using the details on your policy document to start a claim.

No. Comparing loans on CompareMarket NG does not affect your credit score. Only a full application submitted to a lender triggers a credit check.

Most Nigerian lenders require a valid government ID, your Bank Verification Number (BVN), 3–6 months of bank statements, and proof of income or an employment letter. Exact requirements vary by lender.

No. You can compare products freely without creating an account. A free account lets you save products and view your comparison history.

Yes. We only use your details to process your request and we never sell your personal data. We handle personal data in line with the Nigeria Data Protection Act (NDPA). You can read our Privacy Policy for full details.

Third-party car insurance in Nigeria typically costs about ₦15,000 per year — the legal minimum. Comprehensive cover is usually 5–10% of your car's value, so roughly ₦100,000–₦250,000 a year for a car worth ₦2m–₦5m. Prices are indicative; your exact premium is confirmed by the insurer at checkout.

Yes. Every vehicle on Nigerian roads must have at least third-party motor insurance by law. Driving without it can attract a penalty of ₦250,000, imprisonment, or both. Third-party is the legal minimum; comprehensive cover is optional but recommended for newer or higher-value cars.

Third-party car insurance for a private vehicle is typically ₦15,000 per year. It covers injury or damage you cause to other people and their property, and is the minimum cover required by law in Nigeria.

You can verify a Nigerian motor insurance policy on the Nigerian Insurance Industry Database (NIID) at askniid.org, or by dialling *565*11# and entering your vehicle registration number. Genuine, paid-for policies appear on the NIID immediately.

Yes. On CompareMarket NG you can compare NAICOM-licensed insurers and buy comprehensive or third-party car insurance online through our secure checkout. You receive your policy document after payment, and genuine policies are registered on the NIID.

Entry-level HMO health plans in Nigeria typically start from about ₦4,000–₦7,000 per month for an individual, with family plans costing more. The cheapest plan isn't always the best value — match the hospitals, drug cover and chronic-care benefits to your needs. Prices are indicative and confirmed at checkout.

Family HMO plans in Nigeria commonly range from about ₦80,000 to ₦250,000 per year, depending on the provider, number of dependants and level of cover. Compare plans so the hospital network and benefits match your family's needs.

Yes. A Schengen visa requires travel insurance with a minimum of €30,000 in medical cover for your trip, including medical emergencies and repatriation across the Schengen area. Nigerian insurers issue embassy-approved certificates.

Schengen travel insurance from Nigeria typically costs about ₦12,000–₦22,000 for a one-to-two-week trip, varying by your age, trip length and cover level. You usually receive an instant, embassy-approved certificate.

Life insurance pays a lump sum to your named beneficiaries if you die during the policy term. Term life is the most affordable and pays only on death; whole-life and endowment plans can also build cash value. Policies are provided by NAICOM-licensed insurers.

Gadget insurance covers phones, laptops and tablets against accidental damage, theft and sometimes liquid damage. Premiums are typically around 5% of the device's value per year, so it is most worthwhile for higher-value devices where a repair or replacement would be costly.

Popular Nigerian loan apps include Carbon, FairMoney, Branch, Palmcredit, QuickCheck and Renmoney. The best one depends on the amount, speed and rate you need — compare interest rates and total cost rather than choosing on brand alone. CompareMarket NG shows CBN-licensed lenders.

Yes. Many Nigerian fintech lenders offer unsecured loans with no collateral, based on your BVN and repayment history, and often disburse within minutes. The amount and interest rate you're offered depend on the lender and your profile.

Nigerian loan-app interest rates typically range from about 1.75% to 10% per month, depending on the lender, amount and term. Repaying on time and using one lender consistently often lowers your rate over time. Always check the total cost before you borrow.