Buy Car Insurance in 30 Seconds !
In order to find that most reasonable of plans, here are 10 questions every customer should ask before conducting a car insurance comparison.
It is illegal to drive without a car insurance policy in UAE as the government has made it mandatory for all. This brings us to the first and foremost question of any car insurance comparison - ‘what types of car insurance policies are there?’
These are the two major car insurance policies offered in UAE:
Whether one is purchasing online car insurance in UAE or doing so in person, it is important to always share the car’s correct market value. Over-valuing a vehicle will raise its insurance premium, while under-valuing it will result in a much lower pay off in the unfortunate event that an accident leaves the vehicle as a total loss.
One of the largest factors for car insurance comparisons is the premium amount. A premium is an amount the car owner pays in return for the offered services. Customers should be equally wary of suspiciously high or low premiums when conducting a car insurance comparison. While premiums are a good indicator of the policy’s overall cost, they are not the only charges a policyholder incurs.
Some online car insurances in UAE charge extremely low premiums by cutting down on their offered features. It is important to factor in the cost of these services in addition to the premium amount for an accurate car insurance comparison. Extra features may include roadside assistance, additional driver cover and more.
Lured in by the low premiums that online car insurances in UAE offer, customers often fail to notice the other charges that are tacked on to their bill. Additional features, covers and geographic extensions carry an extra charge, which the policyholder is charged on top of their premium amount. This is why car insurance comparisons cannot be done solely on the basis of premium amounts.
The type of car repair depends on the car owner’s eligibility and personal preference. No car insurance comparison is complete without considering the type of repairs offered, which are as follows:
As a car gets older its parts start to go out of the rotation, raising the cost of repairs. As such, the car’s market value begins to drop in subsequent years, which is also known as depreciation. Depreciation is usually the highest in the first year. Car insurance comparisons should take depreciation percentages into account as they directly affect the cost of repairs for the vehicle. Depreciation percentages should be mentioned in the policy document of any online car insurance in UAE.
A deductible is the amount of money the policyholder is responsible to pay for, from their own funds. in the event of an accident. Many online car insurances in UAE also refer to deductibles as ‘excess’. While deductibles charge the policyholder out of pocket, they are also extremely useful for saving money on car insurance premiums. By opting for a higher deductible amount, the car owner is charged a much smaller premium.
Furthermore, deductibles are only charged in the case of an accident, which is an additional incentive for safe drivers to max out their deductible amount. Most car insurance providers set a cap on maximum deductible amounts that can be availed by policyholders. These deductibles caps should also factor into one’s car insurance comparison.
Most online car insurances in UAE offer lucrative deals on bundled products. Customers still on the lookout for car insurance, home insurance, life insurance and other such policies should consider purchasing additional products from the same vendor to unlock discounted bulk deals.
There is no shortage of online car insurance in UAE, which makes comparisons an absolute must for customers. So when it comes to car insurance comparisons, it is recommended that customers head over to a completely unbiased insurance aggregator such as Policybazaar.ae for reliable results.
Over to you
We hope you now have a better idea of what to look for in a car insurance comparison and wish you the best of luck on finding your next policy!