All individuals residing in the UAE with a car are required to have a car insurance policy as per the UAE RTA laws. Having such a plan is also helpful if you wish to stay trouble-free in terms of finances in case of any mishaps. If you have a proper car insurance plan in place, you will receive adequate compensation if an accident occurs and results in minor or major damage to your vehicle.
Let’s explore more about car insurance in the UAE, specifically focusing on car insurance in Sharjah.
Type of Car Insurance Sharjah
The following are the major types of car insurance Sharjah UAE.
Comprehensive Car Insurance
The comprehensive car insurance policy includes cover for third-party damage as well as damage to the policyholder’s vehicle, taking financial care of both parties. These insurance plans come in effect in case of stolen cars, accidents, natural disasters, man-made disasters, losses caused by an explosion, and more.
Third-Party Liability Car Insurance
Third-party car insurance is coverage against the injury or damages of a third-party caused by the owner of the car. This type of insurance policy is mandatory for all drivers in the UAE, although they can always opt for the upgraded one, i.e., comprehensive car insurance.
Temporary Car Insurance
This type of car insurance can come under both third-party and comprehensive car insurance categories. Although the entire duration of this type of insurance is less, the benefits and advantages are the same as those of regular policies. The usual car insurance policies are valid for 12 months, whereas the tenure of a temporary car insurance policy varies from days to less than a year.
If you are wondering why you should have a car insurance Sharjah, go through the points listed further:
Coverage Against Theft of Your Vehicle
Losing your car in an accident or by theft can lead to massive financial strain besides the expected stress. However, with car insurance, you can at least be assured of monetary stability as your insurance company will provide you with compensation to ease your financial burden.
Complying with the UAE Law
As per the UAE RTA laws, it is compulsory for all vehicle owners to have valid car insurance coverage for their vehicles. Consequently, not purchasing car insurance can have an adverse effect on your driving license as well as general finances. Regarding the former, you might be charged a fine along with four black points on your driving license if you are found driving without valid car insurance.
Saves You from Third-Party Mishaps
When an accident takes place and a third-party bears significant damages, it becomes a hassle to deal with the situation in terms of finances for medical, legal, and other purposes. In such circumstances, car insurance can help you overcome your financial issue. It should be noted that under some conditions, a car insurance plan in the UAE also includes legal funds.
Helps in Financial Management
With the maintenance charges of vehicles already high, accidental damages can add up to it and make it difficult for you to bear the expense. To avoid such scenarios, it is always a wise choice to get car insurance and even go for comprehensive plans even if not mandatory.
Details of Your Previous Car Insurance Plans (If any)
You must keep all these documents handy if you are purchasing the insurance offline. For online mode, make sure you have scanned copies of each document.
Factors Affecting Car Insurance Prices in Sharjah
In this section, we have explained some crucial elements that affect the variation in car insurance prices:
The Age and Current State of Your Car
It is one of the primary points to consider as the age of your car has a considerable impact on the premium rate. If your car is new, the rates may be higher due to the high insured amount and so forth. Additionally, you get a reasonable rate if the car has been kept in good condition.
Road Accident History of the Car
If your car has a past record of accidents, the car insurance price for you can be affected. Accidents, whether major or minor, can enfeeble your car parts. Subsequently, it becomes difficult for insurance companies to secure your vehicle with any car insurance plans affordably.
Age of the Vehicle Owner
The age of the driver can affect the insurance rate, as inexperienced or young people tend to encounter more accidents than the older ones. Correspondingly, the insurance providers charge more as the risk factor is increased here.
Background Details of the Driver
Having a clean background in terms of driving is a key factor in making your car insurance premium affordable. Generally, drivers possessing a bad driving history would be able to obtain car insurance only at high premium rates as a person who has violated driving rules multiple times is more prone to road mishaps.
Type of Insurance Policy
Each car insurance plan has its own benefits, which eventually affect its price. The comprehensive car insurance plan, for instance, is more expensive than the third-party and temporary car insurance due to enhanced coverage for a prolonged period.
Present Market Rates
The price of an insurance plan depends on both government policies and the market in general. Consequently, changes in any of the factors could drastically alter the premium for a specific plan.
Discounts and Offers
Special occasions call for offers and discounts on various products and services. Likewise, insurance companies in Sharjah also provide promotional offers seasonally. While insurance companies don’t provide significant discounts due to government regulation and other factors, even minor deals can make up for a difference.
How to Buy Car Insurance in Sharjah?
Purchasing the best car insurance in Sharjah involves a few convenient steps, and you can either choose the offline or online mode to do the same. Explained below are the procedures for the same:
Buying Offline
If you reside in Sharjah and decide to buy insurance for your car offline, you can visit the nearest branch of your selected insurance provider or an insurance broker's office. The experts present there will guide you throughout the procedure. After discussing the plans with them in detail, you can fill out an application form for the same and submit it after attaching all the required documents.
Buying Online
You can always visit the website of an insurance broker or provider and move to their ‘car insurance’ or ‘auto insurance’ sections. After browsing through the plans on the site, you can apply for a particular plan by filling out an application form for it and submitting it with the specified documents.
Via Policybazaar UAE
You can also continue here on policybazaar.ae and check out the ‘car insurance’ section here. After filling up the lead form, you will be able to view a list of car insurance policies suiting your requirements. Compare all of them and select the one that suits you the best. The rest of the procedure is similar, as you will be required to submit the application form along with the mentioned documents.
It is easy to perform the application process online, as you can access the portal anywhere at any time. However, the provision of comparing multiple car insurance plans of different companies and selecting the best among all is only available when you buy an insurance plan through us.
How to Find the Best Car Insurance in Sharjah?
The following tips will prove helpful when you start your search for the best car insurance in Sharjah:
Understand Your Requirements
It might happen that a particular insurance policy plan does not have all the facilities you are looking for, or has them at prices beyond your budget. In such cases, it is necessary to be aware of your requirements to make any decision.
Look for Insurance Providers
In-depth research regarding insurance providers is a prerequisite. Thoroughly verify all the information about the insurance company, the types of services they offer, customer reviews, and more.
Gather Some Quotations
After your research, select a few companies and obtain quotations for your selected plans. Analyse the plans provided by different insurance firms and then select the one that gives more benefits at low rates.
Limit Your Search till Sharjah
Filter your search and look for the best insurance companies only in Sharjah, as car insurance prices can vary as per your place of residence.
Verify the Claim Settlement Ratio
One of the most essential aspects of finding the best car insurance is to verify the Claim Settlement Ratio. It is highly recommended to check the CSR of every insurance company to gauge their credibility as well as the percentage of claims settled by them.
How to Claim Insurance for Car Accidents in Sharjah?
Inform the Police Station Immediately
The first thing to do if you face an accident is to contact the police and report the accident. In the case of an accident or theft, you will still be required to file an official complaint.
Connect with Your Insurance Provider
After filing a report with the police, dial the customer support number and inform a representative regarding the mishap as well as your insurance claim.
Take Pictures of the Incident
It is always a wise decision to capture pictures of the site of the incident for evidence.
Contact a Towing Service (if Required)
Once you finish all these things, you can request towing services if your car has been severely damaged.
Download a Claim Form
You can now start the process of claiming your car insurance by visiting the official webpage or application of your car insurance provider. Get a claim form from there, fill it up, and head towards the car service centre.
Present All the Documents in the Service Centre
At the service centre, submit all the required documents to the authorities along with the insurance claim application.
Wait for the Insurance Acceptance
Once all your documents and claims are successfully verified, your car will be sent for repair.
Car Insurance Renewal in Sharjah
As your car insurance policy remains active for a specific duration, it becomes invalid after its expiry and could imply an absence of an adequate cover for your car. To renew your car insurance before it gets outdated, you can follow these methods:
Online
Follow the below-mentioned easy procedure for online car insurance Sharjah -
Open the insurance provider's website
Provide your login credentials to access your account
Go to the renew car insurance section and enter the necessary details. Make sure you have all your vehicle details.
Choose your plan and include any additional benefits if you wish to.
Verify if there are any updates related to your chosen plan.
Submit the details and complete the payment process for successful renewal.
Once the plan is renewed, you can download its documents for storage purposes.
Offline
If you wish to renew your car insurance Sharjah, you can pay a visit to your nearest insurance provider's office and have a consultation with the representative. Finish all the paperwork there and make the payment to renew the plan. You can even upgrade the plan according to your requirements.
Given below are some quick facts related to car insurance in Sharjah.
FAQs
What documents do I require to buy the best car insurance in Sharjah?
To purchase car insurance Sharjah, you will need the following documents-
Passport
Emirates ID
Driving License
Residence’s Visa
Address Proof
Car registration documents
Is it mandatory to renew my car insurance online?
No, you have the provision to renew the car insurance by visiting the nearest branch of your insurance policy provider. Apart from this, you can also contact a representative through your provider’s toll-free contact number.
Can anyone tell me how to choose the best insurance company to purchase a car insurance policy?
You must look into certain factors when selecting the best insurance company like your requirements, the plans offered by a company and their prices and benefits, and more.
This was all about car insurance Sharjah UAE. Following the steps mentioned in the article, you will be able to easily obtain a car insurance plan in Sharjah. However, if you are confused about finding car insurance companies in Sharjah, you can take assistance from our experts. Connect with us on our customer care number.
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