Dear Nlanders, I have being reading a lot of posts on auto section and others too but I have yet to find insurance section  
How important is insurance in Nigeria? As I know, most Nigerian adults put their money into buying cars. I guess that worth insure, because as far as I am concern, most car owners in Nigeria don't insure there car unlike in UK where paying insurance is a compulsory thing that you have to put into consideration when buying a car., Unisure car will be taking of you, land a penalty points on your licence and if you don't produce a valid insurance policy within 14 days, your beautiful car will be crushed not minding how expensive it is! Do you thing its too harsh a law? I guess not because it helps if someone damage your car, you are definitely sure that there is going to be a repair or replacement  for it besides, you're at peace of mind in case your car got nicked.
So what do you think? Is it compulsory or not to insure cars? Do you think its necessary to have a section for that on Nairaland?

Nigerians aren't smart when it comes to these things as a society. Then the next factor that affects business is trust people feel everyone is out to scam them. Trust in society is highly important for economic interaction.

Personally I dont care to force the people to buy insurance through state but there is an implied responsibility when driving u hit them u pay. People dont even care to buy life insurance or build saving rich or poor the people act like grass hoppers b4 winter. People rely on family ties instead of getting these useful services.