Insurance Discounts in Kenya You're Probably Missing

What if I told you that you could be paying 20-30% less on your insurance — and you just don't know it?

Not by switching to a dodgy provider. Not by cutting coverage. Just by asking the right questions and knowing what discounts exist.

Most Kenyans pay full price on insurance because nobody told them there were discounts available. Insurers don't exactly advertise them on billboards.

Let's fix that.

Table of Contents

• 1. No-Claim Discount (NCD)
• 2. Multi-Policy Bundle Discounts
• 3. Annual vs Monthly Payment Savings
• 4. Security Device Discounts (Motor Insurance)
• 5. Group and Corporate Discounts
• 6. Loyalty Discounts
• 7. Voluntary Excess (Higher Deductible)
• 8. Early Renewal Discounts
• How to Actually Get These Discounts
• A Quick Savings Calculator
• The Final Word

1. No-Claim Discount (NCD)

This is the big one. And most people either don't know about it or don't understand how it works.

If you go through an entire policy year without making a claim, your insurer rewards you with a discount on your next renewal. It's called a No-Claim Discount or No-Claim Bonus.

How it typically works for motor insurance in Kenya:

That's real money. On a KSh 80,000 premium, a 30% NCD saves you KSh 24,000 every year.

Pro tip: Before filing a small claim, do the maths. If the claim is KSh 15,000 but losing your NCD costs you KSh 24,000 next year — it's cheaper to pay out of pocket.

2. Multi-Policy Bundle Discounts

Buying multiple policies from the same insurer? You should be getting a discount.

Common bundles:

• ✔️ Motor + home insurance
• ✔️ Health + life insurance
• ✔️ Business + professional indemnity + WIBA
• ✔️ Motor + personal accident

Bundling can save you 5-15% across all policies. Some insurers call it a "loyalty package" or "multi-line discount."

Not every insurer offers this automatically. You have to ask. Or better yet — have your broker negotiate it.

3. Annual vs Monthly Payment Savings

Paying your premium annually instead of monthly almost always saves you money.

Here's why: When you pay monthly, insurers add an administrative fee or interest charge. It's small each month, but it adds up.

Example:

• Annual premium: KSh 60,000 (paid once)
• Monthly premium: KSh 5,500 x 12 = KSh 66,000

That's KSh 6,000 wasted just for the convenience of spreading payments.

If you can afford the lump sum, pay annually. Send it via M-Pesa or bank transfer and keep the confirmation as your receipt.

Can't afford the full amount upfront? Some insurers offer quarterly payments with a smaller loading. Ask about it.

4. Security Device Discounts (Motor Insurance)

If your car has security features, you deserve a discount on your motor insurance.

Devices that qualify:

• ✔️ GPS tracking system (like Car Track or Autowatch)
• ✔️ Immobilizer
• ✔️ Alarm system
• ✔️ Dashcam (some insurers accept this)
• ✔️ Steering wheel lock

A GPS tracker alone can get you a 5-10% discount on your comprehensive motor cover. Some insurers require it for high-value vehicles.

The logic is simple: tracked cars are easier to recover when stolen. Lower risk for the insurer means lower premiums for you.

5. Group and Corporate Discounts

If you're part of a professional association, SACCO, chama, or employer group scheme — you likely qualify for group rates.

Group discounts apply to:

• Health insurance (employer schemes)
• Motor insurance (SACCOs, staff pools)
• Life insurance (group term life)
• Professional indemnity (industry associations)

Group rates can be 15-40% cheaper than individual rates for the same cover. That's because the insurer spreads risk across a larger pool.

👉 Ask your HR department, SACCO, or professional body if they have a group insurance arrangement. You might already be eligible.

6. Loyalty Discounts

Been with the same insurer for 3+ years? You might qualify for a loyalty discount on renewal.

Not all insurers offer this. But those that do typically give:

• 5% after 3 years
• 10% after 5 years
• Additional perks like faster claims processing

Here's the catch: sometimes switching insurers actually saves you more than the loyalty discount. A broker can help you compare both options.

Don't stay loyal for loyalty's sake. Stay loyal because it makes financial sense.

7. Voluntary Excess (Higher Deductible)

This one's a bit different — it's not a "discount" per se, but it lowers your premium.

When you agree to pay a higher excess (the amount you pay before insurance kicks in), your premium drops.

Example (motor insurance):

• Standard excess: KSh 20,000 → Premium: KSh 75,000
• Voluntary excess: KSh 50,000 → Premium: KSh 60,000

You save KSh 15,000 on premiums. But if you make a claim, you pay KSh 50,000 out of pocket instead of KSh 20,000.

This works best if you're a safe driver who rarely claims.

8. Early Renewal Discounts

Some insurers offer a small discount if you renew your policy before it expires — usually 7-14 days early.

It's not a huge saving (2-5%), but it adds up. And it prevents the gap in coverage that happens when your policy lapses and you forget to renew.

Set a reminder 2 weeks before your renewal date. Your future self will thank you.

How to Actually Get These Discounts

Here's the honest truth: most of these discounts won't be offered to you. You have to ask for them.

1. Talk to your broker — They know what each insurer offers and can negotiate on your behalf
2. Ask at renewal — Don't just auto-renew. Ask: "What discounts am I eligible for?"
3. Bundle where possible — Consolidate policies with one insurer
4. Maintain your NCD — Avoid small claims that kill your discount
5. Install security devices — Especially for motor insurance
6. Pay annually — Skip the monthly loading

For more tips on managing your insurance costs, check out our insurance discounts guide and insurance budgeting guide.

A Quick Savings Calculator

Let's say you're currently paying:

• Motor insurance: KSh 80,000
• Health insurance: KSh 60,000
• Home insurance: KSh 15,000

Potential savings:

• NCD on motor (3 years): -KSh 20,000
• Multi-policy bundle: -KSh 7,750
• Annual payment (vs monthly): -KSh 6,000
• GPS tracker discount: -KSh 6,000

Total annual savings: KSh 39,750

That's almost KSh 40,000 back in your pocket. Every year.

The Final Word

Insurance doesn't have to cost what it costs right now. There are discounts hiding in plain sight — you just need to know where to look and who to ask.

Don't overpay out of habit. Review your policies. Ask your broker the hard questions. Stack every discount you qualify for.

Your premiums should work as hard as you do.

🟢 Ready to cut your insurance costs? Explore our insurance discounts guide and budgeting guide to find out exactly where you can save. A 10-minute conversation with your broker could save you tens of thousands.