News Section
Stay updated with the latest industry insights, news, and expert advice from RMAS Insurance Brokers.
New Motor Insurance Tariffs 2026 - What You Need to Know
Big news for all vehicle owners in Ghana!
The National Insurance Commission (NIC) has officially approved new minimum motor insurance tariffs, effective 16th February 2026.
Below are the NIC-approved minimum Third Party premiums, effective 16th February 2026. These are the least you're allowed to pay—anything lower is invalid.
PRIVATE & COMMERCIAL VEHICLES
- Private Vehicle – Individual: GHS 557.00
- Private Vehicle – Corporate: GHS 557.00
- Taxi: GHS 744.00
- Hiring / Rental Car: GHS 744.00 (Excluding extra seats)
- Mini Bus: GHS 744.00 (Excluding extra seats)
- Maxi Bus / Coach: GHS 744.00
🔹 GOODS-CARRYING VEHICLES
- Own Goods (Z.300): GHS 761.00
- General Cartage (Z.301): GHS 893.00
- Articulated / Tankers: GHS 1,052.00
🔹 SPECIAL VEHICLE CLASSES
- On-Site Vehicles (Z.801): GHS 431.00
- Ambulance / Hearse (Z.802 – On Site): GHS 733.00
🔹 AGRIC & HEAVY VEHICLES (GW1)
- GW1 – Class 1: GHS 607.00
- GW1 – Class 2: GHS 744.00
- GW1 – Class 3: GHS 920.00
🔹 MOTOR CYCLES & TRICYCLES
- Motorcycle: GHS 331.00
- Motor Tricycle / Aboboyaa / Quadrucycle: GHS 431.00
Important notes (don't skip this):
- These are minimum premiums, not discounts.
- Extra passenger seats attract additional seat charges. (15.00 GH¢ per extra seat beyond the fifth for individual, corporate, and Ambulance/Hearse; for all other motor classes, 25.00 GH¢ per extra seat.)
- Any policy sold below these figures is non-compliant and risky at claims time.
At RMAS, our job is simple:
- Make sure you pay only what is required
- Understand what you're buying
- And stay fully protected—no stories later.