Car insurance calculator UAE is an online free premium calculating tool that allows you to calculate a premium amount for your car insurance. All you need to enter details like your car’s Like make, model, year & variant of the vehicle. A car insurance premium calculator will help you know your car insurance premium. Also, you can get car insurance quotes.
Quotes not found
*Above mentioned prices are for Honda City EX 1.5L, 2017 model.
Car Insurance Cost Estimator UAE
Estimate car insurance premiums by selecting the necessary details of your car. Like make, model, year & variant of car.
Buying car insurance plans for your precious ride can often be a long and confusing process, even more so for someone who is buying car insurance for the first time. From conducting initial research to finalizing the plans, there is a lot to do when you are choosing a car insurance plan. That is why it is best to get a fair estimate of car insurance prices beforehand to simplify the decision-making process. This is where the car insurance premium calculator comes in handy. Let’s get to know what care insurance premiums are and how car insurance calculators work to find out potential premium rates for your car.
What is Car Insurance Premium?
Premium is the amount that you pay to the insurance company in return for the insurance benefits. It can be considered the amount that you are obliged to pay since the insurance company is taking on the risk of insuring your car against damages. The Premium amount for any particular car is calculated based on several primary and secondary factors. This includes the make and model of the car, condition of the car, insured declared value, etc. Apart from that, you as a policyholder and driver-owner of the car can also influence premium rates. Driving history, claim history and other related factors are also considered when deciding the premium of a car insurance plan for your car. The premium amount of your car insurance plan can be easily calculated using the Policybazaar UAE car insurance estimator.
Our car insurance calculator is an online tool that can be used to get an estimate of your car insurance premium. It uses important factors that influence the premium of a car insurance plan such as car brand, make, model, etc. Policybazaar UAE car insurance calculator is a simple and efficient online calculation tool you can use to get a fair idea of your new car insurance premium. You can follow the following steps to use the Policybazaar UAE car insurance premium calculator in the most efficient manner:
Step1- Enter the brand name, year of manufacture, model of the car and the variant.
Step2- Once these details are entered, your premium will be calculated automatically. It appears in the bottom-left corner of the calculator.
Step3- If you change any details entered in the calculator, the premium is updated accordingly. You can enter different brands, variants etc. to see the fluctuation in premium.
Step4- If you like, you can also proceed directly to view suitable car insurance plans for the car and the variant you have entered in the car insurance premium calculator. Simply click on the “view plans” button to go to our plans’ page.
Details Required for Calculating Car Insurance Cost
Given below is the complete list of details you will need to calculate your car insurance premium using the Policybazaar UAE car insurance calculator:
Make and model of your car
The ex-showroom price of the car
The emirate you reside in
The year you bought your car
Whether you made any claims last year
How Can I Calculate My Car Insurance Premium?
A few factors are used in calculating the premium rates of car insurances prices in the UAE. These factors can include – insured declared value of the car, no claim bonus, and price of add-ons. Insured declared value is calculated by subtracting depreciation from the ex-showroom price of the car. IDV can be calculated using an IDV calculator as well. The Premium amount of your car insurance will have further two parts – third-party liability premium and own damage insurance premium.
Car Insurance Premium = (IDV x premium rates + add-on rates) – (no claim bonus + promotional discounts).
The resulting amount is then added with the base price of third-party liability premium to get the final premium amount of your insurance plan. You do not need a third-party car insurance premium calculator here the price is generally fixed and added to the formula automatically.
Premium rates for own damage premiums generally range around 2-3% of the total insured declared value of the car. This is why premium rates are highly affected by the change that occurs in the insured declared value of a vehicle. Depreciation causes a change in the insured declared value of the car which can be calculated using a car insurance depreciation calculator. Further changes occur by considering the secondary elements that affect car insurance premium calculations. You skip all these hefty calculations and get your car insurance premiums calculated using the Policybazaar UAE car insurance estimator. This car insurance EMI calculator will not give you a fair premium rate but also suggest suitable plans for your car.
Benefits of Car Insurance Estimate Calculator in UAE
Several kinds of benefits can come out of calculating your car insurance plans beforehand. Given below are some of the top ones:
Priority Peek into Insurance Plans: Using a car insurance premium calculator tool to find the premium rates for your car gives you prior insights into the potential plans and prices that will suit you. This makes the overall procedure of finding and choosing plans easier and more swift for you and makes sure that you do not fall for fraudulent schemes.
Helps in Planning Ahead: Knowing how much maintenance of your car will cost including insurance helps you make a better decision. You can create your budget more efficiently and plan for other factors accordingly as well. Handling your finances smartly is what it’s all about at the end and a car insurance calculator helps a lot in this.
Gives You a Fair Idea of the Market Trends: Knowing market trends is the first thing you should do whenever buying something or investing. The same applies to car insurance plans as well. Using a car insurance premium calculator will help you in identifying the current estimated insurance rates for your car.
Helps Understanding How Variable Work: Once you find the basic rate of the car insurance plan for your car using a car insurance calculator, it is easy to understand how a particular variable changes it later. For example, the premium rate will change if you include an add-on on top of the basic plan or if your driving record is not very good. These changes in premium rates are easily identifiable once you have an idea of the base price of the plan.
Better Comparison Scope: needless to say, knowing the base price for your car insurance plan via a car insurance calculator helps in comparing the available plans and their cost-effectiveness. The better comparison you can draw, the easier it is to choose the perfect plan for your car.
Factor Affecting Car Insurance Premium
Age and Gender of the Driver:
Older drivers with more hands-on experience get lower premium rates since they are at a lesser risk of being in an accident. Younger drivers aged 18-30 often get higher premium rates due to a lack of experience. If the trend shows that male drivers cause more accidents, the premium rates will go higher for them and the same applies to women drivers as well.
Insured Declared Value:
Cars with higher insurance declared value get higher premium rates. IDV can be calculated by subtracting depreciation from the showroom price of the car. This is why new cars have higher premium rates as compared to old cars.
Condition of the Car:
Cars that are kept in good condition attract lower car insurance prices since they are less prone to breakdown. A car that is new but in bad condition will get higher premium rates. This is determined by a small inspection at the time of renewal.
Age of the Car:
Older cars get low premium rates since IDV also declines with age. This is why you are asked to mention the year in which you bought the car when using a car insurance estimator.
If you live in an accident-prone area or drive often in such a region, your insurance premium will be higher. Apart from that different emirates may have different insurance rates for the same car too.
Most common fuel types are plausible to get the lowest premium rates in the UAE. This means petrol cars stand at the lowest end, then diesel, the CNG and then electric cars.
Many insurance companies offer a promotional discount on their car insurance plans. An example of this can be discounts offered on online purchases.
No Claim Bonus:
Your accumulated NCB has a huge impact on the premium rates. NCB calculation is used as a primary factor when calculating car insurance premiums.
Added features can impact car insurance premium rates as well. Practical modifications that reduce the risk for insurance companies can lower the premium, such as anti-theft devices. Other modifications such as aesthetic modifications or performance-enhancing modifications can increase the price.
The better driver you are, the lesser risk you create for car insurance providers. Drivers with good records often get reduced premium rates while a bad driving history can jack up the prices instantly.
If you make too many small and big claims, you are viewed as a high-risk customer by the insurance companies and hence increase premium rates. People with lesser claims on their record attract lower premium rates.
Maintain a Good Driving Record: As explained before, a good driving record will earn you significant discounts on your car insurance premium.
File Lesser Claims: Avoid filing small claims that can be handled on your own. Instead, save your claims and try to accumulate no claim bonus to get higher discounts on car insurance premium rates.
Avoid Unnecessary Modifications: Aesthetic and performance-enhancing modifications generally increase the premium rates. Modifications increase the maintenance and repair cost of the car which is why the premium goes higher. Some insurance companies do not insure cars with too many modifications. If you like, stick to practical modifications such as anti-theft devices.
Take Higher Deductibles: Deductible is the amount you, the policyholder, is liable to pay out of the total claim amount. A higher deductible amount reduces liability for insurance providers. This is why premium rates come down when deductibles are higher in a car insurance plan.
Accumulate No Claim Bonus: If accumulated ideally, no claim bonus can help reduce your car insurance premium up to 50% in most cases. In some special scenarios, this percentage can even go up to 60-65%. The best way to have your car insurance premium reduced is by accumulating your no claim bonus and transferring it to the next you buy every time. The car insurance premium calculator also considers NCB when calculating your base premium. So, always keep a track of your NCB.
Avoid Making Small Claims: Making even the smallest claim, except for third party claims, will not only go on your permanent record but also reduce your no claim bonus to nothing. Instead of filing claims for every small repair you get done on your car, try and save it for the big ones. Having a claim history ridden with several claims can jack up your premium while a cleaner one will bring the rates down.
Always Renew on Time: There is a higher chance for your premium rates to rise if you have to re-activate an expired policy or buy a new one from scratch. On top of that, you lose your no claim bonus if an expired policy is not renewed in the next 90 days. Make it a priority to renew your car insurance on time every year.
Shop Online: Finding special promotional discounts on car insurance plans, or any other kind of general insurance, is very rare. But this does not mean you can never get any kind of relaxation on your premium prices. Shopping for your car insurance plans online is the best way to score some discount on top of the no claim bonus. Almost all providers in the UAE offer special online shopping discounts for plans bought online. Check out the latest trend for online shopping discounts.
Chances are that your premium rates will remain the same for at least the next three years after buying the car initially. But after that, there can be a change in the premium rates depending on depreciation of the car, condition of the car, insured declared value etc. You can use a car insurance premium calculator to get a fair idea of the changed premium prices. Car insurance premiums for older cars may decrease since the IDV is lower. But it’s best to not choose your insurance plan solely based on premium rates. Consider the extent of coverage you need and then choose the best possible option which is also cost-effective.
Thrilled with My Car Insurance Plan!I recently got a car insurance plan from PolicyBazaar in the UAE, and I'm thrilled with the service! Affordable rates, friendly staff, and hassle-free process. Highly recommended for car insurance!
ShuhaibDubai, May 30, 2023
Happy with Policybazaar's Services!I recently got a car insurance plan from PolicyBazaar in Dubai, and it was a smooth experience. The customer service was helpful, and the coverage options were satisfactory.
Mohamed AbdelbakySharjah, May 29, 2023
Happy with My Suzuki Ertiga Car Insurance Plan!Just got car insurance for my Suzuki Ertiga in Dubai. The process was easy, and the coverage is affordable. Happy with my choice!
Harsh shahDubai, May 29, 2023
A Highly Recommended Comprehensive Car Insurance Plan!Wow, getting Comprehensive Car Insurance in Dubai was a breeze! Affordable rates, quick service, and they covered all my needs. Highly recommended for hassle-free coverage!
BasilAbu Dhabi, May 27, 2023
Got a Great Comprehensive Car Insurance PlanI recently bought Union Comprehensive Car Insurance in Dubai. The process was smooth, and the coverage seems decent. Hoping for good support in case of any claims
Asif khanSharjah, May 22, 2023
Bought Myself the Best Orient Third-Party Car Insurance!I must say Policybazaar rocks when it comes to Third-Party Car Insurance Plans. I got Orient Insurance Company's plan which is the best car insraunce in Dubai! So happy!
Scott LindblomAbu Dhabi, May 19, 2023
Policybazaar Offers Affordable Comprehensive Car Insurance Plans!Policybazaar helped me save on my pocket by providing me affordable comprehensive car insurance plan. highly recommended for its services.
Syed ilyas aliAjman, May 19, 2023
Secured my car with Toyota Corolla Car Insurance!Securing my Toyota Corolla car insurance in Dubai was a breeze. Affordable rates, comprehensive coverage, and excellent customer service made it a seamless experience. Highly recommended!
RAFFAQAT HUSSAINAbu Dhabi, May 18, 2023
Got Affordable Third-Party Car Insurance Online!Policybazaar helped me get the affordable third-party car insurance plan in the UAE. I can now drive peacefully.
BUMA NKONTAN MERCYDubai, May 18, 2023
Extremely Supportive StaffGot my car insurance from Policybazaar. The staff was extremely supportive and helped me throughout the proccess.
Car insurance covers the costs of accidental damages that your vehicle incurs, with the coverage scope depending on the insurance type. In the UAE, the claim process is fairly straightforward. The insurance company will conduct a thorough inspection of the damages incurred and reimburse you accordingly.
Car Insurance Go Down for New Drivers - After knowing about the factors affecting car insurance premiums, we will now discuss in this article when does car insurance go down for new drivers, must read now.
Driving During Pregnancy - If you are pregnant and considering a road trip, you may have concerns about whether it's safe for you and your baby. It is normal to have questions about the potential risks and contraindications associated with driving during pregnancy
Collision Damage Waiver cover is a type of insurance offered by many car rental companies in the UAE. This cover helps protect drivers from any financial losses that may result from a collision or accident.
Car & Vechilec Emissions Test - With the UAE government setting up strict emission standards for vehicles, it is crucial for drivers to keep their vehicles up to date with the latest emission testing requirements.
Buy Car Insurance Online in UAE is Safe or NO - Here we have mentioned complelte information about buying car insurance online in UAE like Advantge & Disadvantage,Evaluating the Credibility of Car Insurance Providers, & More.