Find the right Car Insurance plan
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Car insurance is a kind of insurance that protects your prized possession against the odds while on road. It takes care of all the expenses incurred due to unforeseen events such as theft, accident, mishaps, and third-party liability. You can protect your car and yourself from all the financial contingencies including legal liability, expenses resulting from a traffic collision, physical damages, and bodily injury to you or a third-party.
Here are the benefits of having car insurance:
Mentioned below are 2 different types of car insurance policies offered in the UAE. Based on the preference, one can easily compare car insurance online -
It is mandatory to have third-party liability insurance for every car owner in the UAE. It is the most basic form of car insurance Dubai, as it offers protection against any liability arising due to third-party bodily injuries or property damage caused by the insured vehicle.
Policy holder’s own damage like accidental collision, fire, and theft is not covered by third-party insurance. Anyone who is buying third-party insurance should be ready to meet the repair expenses arising from an accident on their own.
Comprehensive car Insurance protects the insured vehicle from all the damages arising out of theft or fire, and also pays out to the third party libility in case of an accident leading to damage, injury or death to a third party.
Opting for the cheap and best car insurance in Dubai & UAE is as easy as ABC.
A. Fill in an Online Form
B. Compare & Choose the Best Car Insurance in UAE
C. Make a Payment
It’s very tough to provide accurate car insurance cost in Dubai because it depends on multiple factors. So, if you are planning to opt for car insurance in the UAE then keep the below-mentioned factors in mind:
One of the primary factors that affect the car insurance UAE price is the value of the car. According to the set rules, all those cars that have a market value of above AED 300,000, the approximate car insurance premium rate applicable in the UAE is nearby 2.75% of the car value. However, the cars which cost around between AED 1, 00,000 and AED 300,000, the approximate car insurance Dubai price is evaluated at 3% of the car value. For the four-wheelers, which cost below than AED 1, 00,000, the average car insurance cost in Dubai is estimated at 3.25% of the value of the car. No matter which car insurance company you choose, this is the most basic auto insurance premium that you will have to pay.
Another important factor that decides the car insurance UAE price is the driver’s age. To get an estimate of the premium, you can add an average of around 25% to the car insurance premium rate that you’re paying, if you’re aged between 23-24 years. If you are aged between 25-30 years, then you can add an average of around 15% to the auto insurance premium amount. But, if you’re aged between 30-60 years, then you can avail a 10% off on the premium you’re paying.
Statistically speaking, young men are more prone to accidents than old men and thus, there are high chances of accidents leading to insurance claims.
Car Insurance Dubai price also depends on the kind of coverage you have selected. All those people who opt for a third-party liability car insurance policy have to pay less insurance premium as compared to those who opt for a comprehensive car insurance policy because third party car insurance Dubai price is less in the UAE.
The type of vehicle is yet another important factor that decides the car insurance UAE price. If you have a basic car, then you will have to pay a nominal premium rate. On the contrary, if you have a high-end car or SUV, you’ll likely to pay a high car Insurance Dubai price. The reason being, high-end cars or SUVs costs higher than any basic car. So, when it comes to the repairing expenditures for high-end cars, they’re on the higher side.
|Motor Insurance Insurer||Features & Benefits||Eligibility Criteria|
These are some of the common services provided to the policyholders:
Add-on benefits can be added to the base policy to enhance the scope of coverage.
Car Insurance in Dubai will cease to exist in the following circumstances:
No claim bonus is a discount offered to the policyholder for not claiming the insurance policy. It can be availed while renewing the policy. Some of the unique features of NCB include:
Car insurance calculator is a virtual simulation that helps buyers to compare and analyze quotes from different car insurance providers. The virtual tool takes different personal and car-related factors into consideration while calculating the premium of car insurance in UAE and helps buyers to get the best plan based on their individual set of requirements.
Comparing car insurance via car insurance calculator helps buyers to save money and get the best-suited plan at the lowest cost. Furthermore, since the car insurance calculator is a virtual simulation that works on well-structured algorithms the information provided is highly precise and accurate.
The following factors play a crucial role in determining the premium for car insurance in UAE:
The below-mentioned tips can go hand-in-hand when it comes to ensuring the best car insurance in UAE:
When you know what you want, it becomes easier to analyze whether a plan fulfils your car insurance expectations or not.
Financial background of the insurance provider plays an important role in ensuring the best car insurance in UAE. A provider with a good market reputation will always ensure timely settlement of claims, with no hassle.
When it comes to buying a car insurance plan, one plan doesn’t fit all so don’t just pick the first car insurance quote you come across. Instead of that, practice car insurance compare Dubai and pick the one that fulfils your insurance needs at an affordable premium. By comparing online car insurance Dubai, a quick and informed insurance decision can be ensured.
Always analyse the coverage offered by a provider and make sure it is at par your expectation. Restrain from buying inadequate insurance coverage and regret in the future.
To ensure the right car insurance UAE, the online comparison is a must. The details that are required to get a quote include:
If you are renewing your car insurance plan from a different insurance provider, then you will need the following documents –
Below mentioned are a few renowned car insurance companies who claim to provide the best car insurance in UAE. Here we go:
If the right claim filing procedure isn't followed, your claim might get rejected. Follow the steps mentioned below if you have to file a car insurance claim in Dubai, UAE:
Step 1 - Inform the Insurer ASAP
Contact your car insurance provider as soon as possible to ensure a fast and hasslefree claim settlement in the UAE.
Step 2 - Cooperate and Provide Complete Information
Notify the insurance provider with the complete information supporting your claim such as your full name, policy number, policy duration, date & time of the accident, a copy of the driver's license & license plate number of the involved parties, names & contact details of the involved people
Step 3 - File a Police Report
In case of accidental and theft claim, visit the nearby police station and file a complaint. Make sure you get a copy of your complaint as some car insurance providers ask for it.
Step 4 - Get the Vehicle Supervised
Once you have informed your auto insurance provider, a surveyor will be assigned to assess your case. The surveyor will evaluate your case and will inspect and examine your vehicle so that your claim could be duly processed.
Step 5 - Final Settlement
Once the insurer receives the surveyor’s report on the damage and actual cost of repair, your case will be resolved by applying terms and conditions of your opted plan and its coverage offered. In case of cashless claim, the incurred expense will be directly paid to the network garage.
Policybazaar.ae, a group company of Policybazaar.com - India’s largest insurance web aggregator, strives to offer an extensive range of insurance products to cater to the needs of different vehicle owners. You can buy cheap car insurance in UAE by comparing various plans with Policybazaar.ae. Apart from a quick and simple comparison of various car insurance policies, some of the obvious reasons to choose Policybazaar.ae are:
To Summing it Up!
While buying car insurance in Dubai or any other emirate of the UAE, you must do thorough research and take a call only after you are satisfied. Finding the best car insurance in UAE can be baffling at times. Buy only after ensuring car insurance compare Dubai. Also, go through the terms and conditions of your car insurance policy carefully before making a deal. A lot of insurance buyers take the premiums into consideration while purchasing a car policy; however, it makes more sense to take all the necessary factors into consideration including the inclusions and exclusions, insurers market reputation or claim settlement ratio etc. that may have a major effect in the future.
A vehicle insurance plan is valid for 12 months and has to be renewed annually. In case you fail to renew your plan, a 1-month grace period is offered so that you can renew your vehicle insurance plan. This way, the status of your plan can remain active.
The premium you pay for availing car insurance is affected by several factors such as the following
A comprehensive insurance plan includes the benefits of a third-party liability plan with that of own damage plan. It provides insurance coverage for damage repair expenses of your own automobile and those of any property because of a road mishap.
Apart from accidents, the instances mentioned below are covered as well.
Since a comprehensive insurance plan offers enhanced insurance benefits, it comes at a higher insurance premium for obvious reasons. While a comprehensive insurance plan offers adequate insurance coverage, it is available only if your car is less than seven years old.
If you buy a comprehensive insurance plan, you can opt for some add-on covers in order to avail the desired coverage. Add-ons like personal accident cover, death cover for the driver as well as other passengers, an extension of the area(cross-country) to file a claim, coverage for rental vehicles etc. are widely opted for by the insurance buyers.
If you buy third-party liability coverage, you can enjoy insurance coverage for damages caused to a third-party in case your vehicle meets with an accident. It provides coverage in case there is a loss of life or any bodily injuries caused or damages are caused to a third-party’s property because of an accident caused by your car.
While it comes at an affordable premium, it doesn’t offer coverage for any damage caused to your own automobile.
By Law we need to have car insurance to drive a vehicle legally in UAE.
Here is the difference between a comprehensive insurance plan and a third-party liability car insurance plan.
|Third-Party Liability Insurance Plan||Comprehensive Insurance Plan|
Vehicle insurance plans purchased to cover third-party liability are formulated to cover bodily injuries/ death of a third-party along with the damages caused to the property of the third-party by the insured vehicle.
The insured car doesn’t enjoy any insurance coverage in the event of a loss or damage under the third-party plan. As per UAE laws, it is mandatory for vehicle owners to buy auto insurance plans for their vehicles to cover any third-party liability.
Comprehensive insurance plans offer adequate insurance coverage against damages or losses caused by third-parties along with own damages.
It provides insurance coverage against burglary, theft, fire, accidental collisions, self-ignition, lightning, external explosions, etc.
No. Your insurance premium is calculated on the basis of your profile, so your insurance policy can’t be transferred to the new buyer. In case you plan to sell your car, you’ll first have to cancel your insurance plan so that the new car owner can buy a fresh insurance plan.
Yes, some auto insurance plans provide coverage for off-road damages. However, the insurance can only be claimed if the automobile is used for the purposes mentioned in the policy. In case it is being used for competitive events or race events, no coverage will be provided. While the T&C (terms & conditions) for off-road cover varies from insurance company to insurance company, make sure you read the policy wording carefully before buying.
There are various factors that affect your car insurance premium. These factors include the driver’s age, the driver’s location, vehicle type, vehicle’s value, claims history and the insurance buyer’s driving experience.
Anyone can buy car insurance in UAE provided he/she is a resident and falls in the age group from 25 years old to 65 years of age, having a valid driving license since 1 year or 2 years in case they have transferred from another country to UAE.