Top Insurance Companies in Lebanon (2025): Prices, Fresh USD Plans & Reviews

Finding the right insurance in Lebanon today is about more than just comparing prices it is about ensuring your policy is worth the paper it is written on. With the shift to a dollarized economy, the difference between a “Fresh USD” policy and an old portfolio coverage can cost you thousands in an emergency. Whether you are looking for reliable car insurance, comprehensive health coverage, or a travel plan for your next visa application, this guide breaks down the top-rated companies, current market prices, and the essential “Fresh Dollar” rules you need to know for 2025.

Introduction: The State of Insurance in Lebanon

Navigating the insurance landscape in Lebanon has never been more complex or more critical. With the volatility of the local currency and the shift toward a dollarized economy, the market has fundamentally changed. The Insurance Control Commission (ICC) continues to regulate the sector, but for the average consumer, the biggest question is no longer just about coverage limits, but about currency.

The “Fresh Dollar” vs. “Lollar” Reality

Critical Update: One of the most significant changes in recent years is the shift from “Lollar” (old portfolio) coverage to “Fresh USD” policies.

• Old Portfolio (Lollars): Many older policies pay out in varying exchange rates or specifically “Lollars” (bank checks), which have limited market value.
• Fresh USD Policies: To guarantee actual protection, almost all viable new insurance policies for 2025 are priced and paid in “Fresh Dollars” (cash or international transfer). This ensures that if you need to repair a car or enter a hospital, the payout covers the actual market cost of parts and medical services.

Top 10 Rated Insurance Companies in Lebanon

Below is a detailed look at the leading insurers, selected based on financial stability, network size, and digital innovation.

1. AXA Middle East

Best For: Digital ease and stability.
AXA is a global giant with a strong local foothold. Their “AXA MyWay” app allows for seamless policy management. They are particularly favored for their transparency regarding “Fresh USD” claims.

2. Allianz SNA

Best For: Premium medical coverage.
Known for German precision, Allianz SNA offers the “MyHealth” portal, which simplifies approvals. They are often the go-to for families seeking comprehensive Class A coverage.

3. Arope Insurance

Best For: Financial transparency.
As a subsidiary of BLOM Bank, Arope has maintained a reputation for solid financial backing and digital adaptability.

4. Medgulf Lebanon

Best For: Large medical networks.
Medgulf is a heavyweight in the corporate insurance sector, often providing insurance for large companies. Their strength lies in their massive network of hospitals.

5. Fidelity Assurance

Best For: Competitive pricing.
Fidelity has gained traction through aggressive social media marketing and competitive price points, particularly for motor insurance tailored to younger drivers.

6. LIA Assurex

Best For: Property and Motor.
Formed from a merger, LIA Assurex combines decades of experience. They are highly rated for property insurance and have clear terms regarding “Total Loss” valuations.

7. MetLife Lebanon

Best For: Life Insurance.
While many focus on health and car, MetLife remains the leader in Life and Critical Illness cover, leveraging their global expertise.

8. Bankers Assurance

A staple in the Lebanese market, Bankers is known for distinct travel insurance products and a wide variety of broker partnerships.

9. Arabia Insurance

With a strong regional presence, they are excellent for niche needs like Marine and Aviation insurance, alongside standard motor/health plans.

10. Libano-Suisse

Best For: Travel and Accidents.
They offer personalized plans and are a top choice for complying with visa requirements (Schengen/USA) due to their recognized international standing.

Comparison: Top Insurers at a Glance

Note on Ratings: While companies advertise “Best Service,” we recommend cross-referencing these claims with Google Maps reviews of their specific head office branches. Look for recent reviews (last 6 months) to see how they are handling “Fresh Dollar” claim payouts.

Understanding Medical Insurance Classes

Medical insurance in Lebanon is generally categorized by the “Class” of hospitalization. For a deeper dive, read our comprehensive guide to Health Insurance in Lebanon.

Class A Coverage (Private)

• Room: Single private room.
• Coverage: 100% of surgery, lab tests, and doctor visits (often subject to a deductible).
• Best for: Families and individuals prioritizing privacy and comfort.

Class B Coverage (Semi-Private)

• Room: Shared room (usually 2 beds).
• Coverage: Similar medical benefits to Class A but with lower premiums due to shared accommodation.

Class K Coverage (NSSF Supplement)

• Room: Multi-bed wards (3+ beds).
• Coverage: Geared towards covering the “gap” left by the NSSF (Daman). It is the most budget-friendly option but offers the least privacy.

Car Insurance Types & Average Costs

When selecting motor insurance, it is vital to understand what you are paying for.

Third-Party Liability (Mandatory)

• Cost: Approx. $50 – $75 / year.
• Covers: Damage you cause to other people or cars. It does not cover your own car.

Bodily Injury

• Cost: Approx $50 / year add-on.
• Covers: Medical expenses for pedestrians or passengers injured in an accident. Coverage can reach up to $500,000.

All Risk vs. Total Loss

• Total Loss: Covers you only if the car is stolen, burned, or damaged beyond repair (usually >65% damage). It is cheaper than All Risk.
• All Risk: Covers all damage, even minor scratches or self-inflicted accidents.

  Tip: Check if your policy includes a “Replacement Car” clause many budget policies remove this to lower the price.

Essential Guide: What to Do After an Accident

If you are involved in a car accident in Lebanon, follow these universal steps to ensure your claim isn’t rejected:

1. Do Not Move the Car: Unless it is causing a massive hazard, keep the vehicle exactly where the impact happened.
2. Call the Expert: Call your insurance hotline immediately. They will dispatch a sworn expert to assess the scene.
3. Call the Police (If needed): If there are injuries, you must call the Red Cross (140) and the Police (112). An insurance expert report is often not enough for bodily injury claims; a police report is mandatory.
4. Take Photos: While waiting, take your own photos of the damage and the position of the cars.
5. Submit Documents: You usually have 24-48 hours to submit the claim form along with your driving license and registration (Mecanique) to the insurer.

Insurance Brokers vs. Direct Companies

Should you buy directly from Allianz/AXA or go through a broker? You can view our list of the best insurance brokers in Lebanon for 2026.

Verdict: If you have a complex medical history or need a custom fleet policy, use a Broker. If you need simple Third-Party car insurance quickly, go Direct.

Travel Insurance for Visa Applications

Not all travel insurance policies are accepted by embassies.

• Schengen Visas: Require a minimum coverage of €30,000 (approx $33,000) for emergency medical expenses and repatriation. Companies like Allianz SNA, AXA, and Libano-Suisse issue standard “Schengen Certificates” that are pre-approved by embassies.
• USA/Canada: unexpected medical costs here can be astronomical. Ensure your policy limit is at least $50,000 to $100,000 USD.

Directory of Contact Information

Frequently Asked Questions

• Can I pay for insurance in Lollars?
  Most insurers now require “Fresh USD” for new policies to guarantee parts and hospital admission. Some Lollar policies exist but offer severely limited coverage.
• Which is the best insurance for cars in Lebanon?
  For reliability and claims speed, AXA and Bankers are highly rated. For price, look at Fidelity.
• How much is travel insurance for Europe?
  A standard 1-week Schengen travel policy typically costs between $15 and $25 USD depending on the insurer.