Rent a Luxury Car in Dubai - Owning a luxury car is fun, but it also comes at a cost. Starting from the initial purchase to its maintenance and insurance, you need to have a deep pocket to manage it.
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Dubai is not only a widely adored vacation destination but also a very popular choice for a workplace. This is why the majority of people living in Dubai and the rest of the UAE are expats and immigrants who are residing in the country for work. It is exciting to build a new life in a new country, however, it comes with its own set of challenges. One of these challenges is to arrange for the necessities like insurance coverage. This piece is dedicated to explore all aspects of expats car insurance in Dubai. We will cover everything from types of plans you can buy to top companies, benefits, buying and renewal process and claim procedure as well. So, let’s begin.
Expat car insurance in Dubai can be divided into three major types. Given below is a brief introduction of them all:
While there are many car insurance companies in the UAE, the given below are the top ones that offer great expat car insurance plans in Dubai.
Expat Car Insurance Companies in the UAE |
Available Plans |
---|---|
AXA Car Insurance |
Comprehensive Car Insurance cover, Third-Party Liability Cover |
Aman Insurance |
Third-party and comprehensive takaful plans |
Insurance House |
Third-party liability and comprehensive covers for private and commercial cars |
Noor Takaful |
Comprehensive Car Insurance, Third-Party Liability Car Insurance |
Oman Insurance Company |
Comprehensive Cover, Third-Party Insurance, InsureMyTesla, Privilege Covers |
RSA Insurance |
Motor Executive, Motor Smart and Motor Value covers |
It is required by law for all to have a proper car insurance plan for their vehicles in the UAE at all times. You cannot drive your car in the UAE if your car insurance plan has expired. The law requires you to only have third-party liability coverage and not a comprehensive car insurance plan. But comprehensive expat car insurance in Dubai also fulfils the mandatory requirements set by the UAE government.
Being on road and having a car accident with another vehicle can be traumatising in many ways – physical, mental as well as financial. Third-party lawsuits that come as a result of road accidents. Having an expat car insurance in Dubai can protect you from any financial setback due to these lawsuits in the UAE. Car insurance plans are designed to take care of not only third-party damage repairs but also legal fees in most cases.
Living and working in the UAE as an expat can be tricky sometimes, especially when you are hustling to create a new life. Having an added layer of financial stability and backup can be of huge help in this situation. Expat car insurance Dubai does exactly that by ensuring that you do not face any sudden financial setbacks.
Comprehensive expat car insurance Dubai also includes cover for theft and total loss of the vehicle. Buying a car is a big milestone in many ways which means theft or total loss of your car can not only be an emotional but also a financial setback. A car insurance plan will help in recovering the current value of your stolen vehicle saving you from a huge financial dip.
Ex-pat car insurance Dubai also comes with coverage for emergency treatment for injuries and such. Add-on covers can also be used to get better accidental coverage. But even a normal comprehensive ex-pat car insurance Dubai will cover expenses for emergency medical attention you, the owner-driver, needs after an accident.
One of the first factors that will affect the car insurance premium in the UAE will be the condition of your car. Cars that are kept in good condition tend to get lower premiums for their car insurance plans. On the flip side, cars that are in bad condition, despite their age, get higher premiums. The reasoning is simple here. Cars in good condition are less of a risk for insurance companies to take. They are expected to break down less or face other kinds of issues covered by insurance plans. Whereas, maintenance of cars in bad condition is quite high and hence the high premium.
The make, model and brand of your car also make a huge difference in terms of premiums. Expensive care will attract higher premiums. The expat car insurance Dubai premium for a Ferrari will be higher than that of a Toyota Yaris. The make, model and price of the car affect the maintenance of the car as well. Expensive cars have equally expensive maintenance requirements. In addition to that, some decently priced models may have hard to score parts. This increases the price of car insurance plans as well.
More experienced drivers are prone to cause fewer road accidents as compared to younger drivers with less experience. This is why, older, more experienced drivers tend to get lower car insurance premiums. Generally, driver-owners between the age of 18 to 25 get higher premiums as compared to drivers in their 30s. If you have had expat car insurance since your early driving years, you may even expect a price drop in your thirties.
Driving record is quite accessible for insurance companies in the UAE. Since the way you drive directly affects the possibility of you causing an accident, it affects your car insurance prices as well. Good driving history will earn you some special discounts on your expat car insurance in Dubai. On the other hand, a bad driving record will bring you higher insurance prices and a few black points on your license as well. One way insurance companies track your driving record is by tracking the black points on your license.
The more miles you put on your car, the more premium you may have to pay. A car that is used a lot, say for everyday commute to work, attract high car insurance premiums. Several car insurance companies even offer usage-based expat car insurance Dubai. Here, the premium is charged based on how much the car is driven during the tenure and how it is driven. The policyholders can choose different slabs based on their usage.
The more comprehensive your car insurance in UAE is, the higher it is going to cost. In addition to the basic benefits of the plan, you also have the option to get a few add-ons. Add-ons can be used to customise your expat car insurance. But add-ons also come with an added premium. This means, the coverage of your plan, whether basic or customised, can make a huge impact on the overall premium of the plan.
A deductible is an amount that the policyholder is liable to pay out of the total claim amount. Deductibles are generally voluntary which means that the policyholder can choose to take as many deductibles as they would like to. The higher the deductibles, the lower the car insurance premium will be. Plans with lower deductibles tend to have higher premiums.
Certain car insurance providers may offer special discounts and promotional offers on their expat car insurance plans. It is quite rare but not impossible to find discounts on car insurance in the UAE. Most car insurance providers offer discounts for expat car insurance plans bought online. Keep your eyes peeled for any seasonal discounts and offers. Many providers offer great discounts on insurance plans around National Day as well.
All insurance companies are regulated by a singular governing body that ensures fair play. This governing organisation also set regulated insurance prices. When these standard prices change, it makes an impact on plans from all the providers. This simply means that the insurance premium may increase or decrease as per the changes that occur in generally regulated prices.
Choosing the best expat car insurance plan is not a very tricky thing. However, it does require a little bit of hard work and time investment. Given below are some of the things you can do to ensure that you buy the best possible expat car insurance Dubai for your lovely vehicle:
Expat car insurance Dubai can be bought online as well as offline. You can either go to the provider website or buy your expat car insurance in Dubai via Policybazaar UAE. The procedure of buying car insurance from either of these platforms is quite the same. In the case of aggregators like Policybazaar UAE, your first step is to go to the car insurance platform. Head to the lead form on the page and fill out your basic information. Continue filling out the information form as per the requirements. You will then be led to a page containing all potentially perfect plans for your car. Take some time, draw some comparisons and pick one. Move forward to complete the buying process. Add the documents, and make payments to finalise the purchase.
If you are planning to use the provider website, you may not get much of a chance for comparison. You will have to make your choice beforehand. As far as the process is concerned, go to the website, locate the car insurance buying portal and click on it. Add the required details on the lead /application form and submit. Pick your plan, add the required documents and make payment to get your plan.
Expat car insurance Dubai can also be bought offline. You will either need to go to a car insurance broker or a branch office of the provider you have chosen. In case you have a car insurance broker, talk to them about the plan you want and get familiar with the buying process. The broker will take care of it all for the most part. To buy the plan from the provider directly, locate a nearby branch and get to it quickly. Once you are at the branch, an available representative will help you get through the buying process. Of course, you must have a firm understanding of the plan that you want to buy. The purchasing formalities will be conducted by your assigned representative at the branch. You will need to carry all your documents in physical form. Make sure to carry originals as well as copies.
A Guide to Insurance for Expats in the UAE |
Several documents may be required to finalise your purchase of an expat car insurance in Dubai. The form in which you may need these documents depends on your medium of buying the plan, offline or online. Online purchases can be made using scanned copies of the required documents. Offline purchases require physical documents though. Given below is the complete list of documents you need to get expat car insurance in Dubai:
Whether it is the theft of your car/car accessories or a road accident, there is a simple way to submit a claim against your expat car insurance in Dubai. Given below are the steps to follow to submit accidental claims against your car insurance plan in the UAE:
The claim process is slightly different for theft of the car or the car accessories. Given below is the complete list of steps for the same:
Generally, you can renew your car insurance plan on the platform you bought it from in the first place. It can be your aggregator website, the provider website or a branch office of the provider as well. The renewal process is quite simple and very much like buying process itself. Given below are the steps you can follow to complete the renewal of your expat car insurance in Dubai:
Alternatively, you can also visit your broker or the branch office of the provider to renew your plan. You will need to bring all the required documents in physical form. The broker or a representative at the branch will help you with the renewal process.
Guide for Expats to start saving and investing in the UAE |
No, emirates ID is a mandatory document to buy an ex-pat car insurance plan in the UAE.
Own damages are covered in a comprehensive car insurance plan for expats.
NCB or no claim bonus is a reward program that offers a discount on premiums for every consecutive claim-free year. Yes, no claim bonuses are offered in all kinds of comprehensive car insurance plans.
No, proof of resident i.e., your resident visa is a mandatory document to buy your ex-pat car insurance in Dubai. You may also need proof of address.
All ex-pat car insurance plans come with a renewal deadline of 30 days. The plans have a validity of 12 months. With the 30-day grace period for renewals, the total validity goes up to 13 months.
No, you can only have one car insurance plan for your car in the UAE. This rule is applicable for both UAE citizens and ex-pats.
Yes, you can add your friends and family as a named driver in your ex-pat car insurance plan in Dubai. The driving record of all the named drivers will affect the ex-pat car insurance premium though.