A tracker protects your car. It can also pay you back through your insurance.
Most owners fit one for recovery and never think about the premium.
But insurers think about it a lot, and many reward a tracked car with a lower bill.
Here is why, and how to make sure you get it.
Why insurers care about a tracker
Theft is one of the biggest risks an insurer prices into a comprehensive policy.
A stolen car usually means a total-loss payout, which is expensive for them.
A tracker changes that risk, because a tracked car is far more likely to be located and recovered, often with help the Nigeria Police Force can act on.
Less risk for them becomes a lower premium for you.
The discount on comprehensive cover
The saving shows up on comprehensive policies, not third-party.
That makes sense: third-party never covered your own car anyway, so theft risk does not enter its price. Comprehensive does, which is where the tracker earns its discount.
Many insurers, working within the NAICOM framework, offer a reduced comprehensive premium on a tracked vehicle.
The detail of comprehensive cover is in our comprehensive insurance guide.
Fit a tracker, cut your premium
Tell us your vehicle and we will fit a tracker and point you to comprehensive cover that gives you the discount for it.
Get a tracker and quoteThe maths that makes it sweet
This is the part owners enjoy.
You were going to fit a tracker for security anyway. The insurance discount then offsets part of its cost, so two expenses partly cancel.
You buy the tracker to get your car back. The premium discount is the rebate for being the lower-risk customer.
On a valuable car insured comprehensively, that saving is not trivial, and it repeats every year you renew.
How to claim the discount
It will not always be applied automatically, so ask.
Tell your insurer the car has a tracker fitted and give them proof of the installation. They apply the discount to your comprehensive premium.
Raise it before you buy or renew, because some insurers only apply it on request.
If you are choosing both at once, we can fit the tracker and point you to comprehensive cover that recognises it.
The bigger return
The discount is the bonus. The real return is the car itself.
A premium cut is welcome, but the day a tracker brings a stolen vehicle home, as in our recovery case studies, it pays back many times over.
The full insurance picture sits in our car insurance guide.
Lower bill, recovered car. The tracker earns on both.
Frequently asked questions
Does a car tracker lower your insurance premium?
It can. A tracked car is far more likely to be recovered if stolen, so the insurer carries less risk, and many offer a lower comprehensive premium on a tracked vehicle. The discount varies by insurer, so ask before you renew.
Why do insurers give a discount for a tracker?
Theft is one of the biggest risks they price in. A tracker cuts that risk because a stolen car is usually located and recovered, meaning fewer total-loss payouts. The insurer shares part of that saving with you.
How much can a tracker save?
It varies by insurer and vehicle, so there is no single figure. The point is the discount offsets part of the tracker's cost, and on a valuable car insured comprehensively the saving can be meaningful. Confirm the exact discount with your insurer.
How do I claim the discount?
Tell your insurer the car has a tracker fitted and provide proof of the installation. They apply the discount to your comprehensive premium. Raise it before you buy or renew, since some only apply it on request.
The editorial team at Car Tracker Nigeria, drawing on two decades of vehicle tracking, recovery and fleet work across Nigeria to publish practical security guides.
Related guides.
