If you own a car older than 12 years or valued below Sh600,000, you may need to adjust your budget this year to accommodate higher insurance premiums.
This follows the High Court's dismissal of a case filed against the Insurance Regulatory Authority (IRA) and the Association of Kenya Insurers (AKI).
The Kenya Human Rights Commission (KHRC) had brought the case before Justice Lawrence Mugambi, arguing that there was no public participation and that insurers were refusing to issue comprehensive cover for vehicles older than 12 years or valued at less than Sh600,000.
KHRC also alleged that insurers had increased their premiums by up to 50 per cent of the initial rates offered to motorists.
