What is the Best Time to Buy a Car Insurance in UAE?

The UAE authorities have made it mandatory for all vehicle owners to purchase car insurance whenever they purchase a new vehicle. This move is cited as beneficial for all drivers, with car insurance covering all the damages incurred in accidents and natural disasters. The most common car insurance categories in the UAE are third-party insurance and comprehensive car insurance.

When you plan to purchase car insurance, you will be exploring the various available plans, their details, add-ons, policy charges, and other factors. A question that often surfaces here is regarding the best time to purchase a car insurance plan.

This write-up will offer you insights into whether there is any specific best time to buy car insurance or not, the best time to buy the cars, how to buy a car insurance plan and the documents required for it, and when to renew your car insurance plan.

Best Time to Buy a Car Insurance in the UAE

As per the Roads and Transportation Authority of the UAE, you should purchase car insurance before taking your vehicle out on the roads. Thus, you should ideally purchase car insurance as soon as you purchase your car and get it registered.

It should be noted that there is no particular time that can be considered the best time to buy car insurance in the UAE. As the car insurance purchase has to be complemented with the time of purchasing your car, one cannot ascertain a specific time for the former. However, in the following section, you will find out the best time to buy a car in UAE. 

Great Time to Buy a Cars in UAE

When it comes to purchasing a car, time plays a crucial role. There are certain dates and durations of each year when the prices of the car and the auto loan rates drop, making them ideal to purchase a car. 

• National Holidays: During national holidays, car dealers provide competitive offers on car purchases. You will find several dealers issuing warranties and free maintenance services for a certain duration on the occasion of such holidays. Most of these deals are offered on occasions like New Year’s Eve. 
• Ramadan: Ramadan, considered a highly auspicious month in the UAE, is also an excellent time to buy a new car. Besides major discounts, car dealers also offer other deals such as free car insurance, minimum down payment, roadside assistance services, and more during this time. 
• Summers: With the majority of expatriates traveling around in the UAE during this time, car dealers provide lower interest rates, minimal prices, and insurance offers as the demand for cars is generally less at that time. 
• End of the Year: To clear off the car models for the year, dealers offer attractive discounts on car purchases. 

Continuing along similar lines, these times are the best times to purchase car insurance as the interest for the insurance is also reduced. 

How to Purchase a Car Insurance in Dubai?

• Before you acquire automobile insurance in Dubai, assess all your requirements as this will help you determine whether an available plan meets them at affordable prices.
• Visit policybazaar.ae or connect with your preferred vehicle insurance provider once you determine whether you want to go for third-party insurance or comprehensive coverage.
• Whichever mode you choose in the previous step, it is highly recommended to compare different insurance companies and their plans.
• Once you have decided on an insurance provider and the plan, fill out the application form for the same and submit it with the specified documents to complete the application procedure.
• Your insurance provider will connect with you for further procedure regarding car insurance in Dubai.

You can check out different websites of different insurance providers and compare the best ones. However, an easier option would be to do so in just one place. Policybazaar UAE provides you with that option, as you can obtain the best car insurance in UAE for your vehicle here by comparing the plans and buying the most suitable one.

Documents Necessary to Purchase Dubai Car Insurance

The following documents will be required on your part when you apply for car insurance in Dubai:

• A duplicate of the driving licence
• Vehicle model, size, and the year of manufacture
• A record of previous insurance claims
• A photocopy of the vehicle's registration card (RC)
• RTA Transfer Certificate

What is the Best Time to Renew Your Car Insurance?

Most plans for auto insurance in Dubai are available for a 12-month period. However, you will be given a 30-day time window to renew your auto insurance during which you will not be charged any fines or penalties. This is widely considered the best time to renew your car insurance, as you will continue receiving the insurance coverage at similar or reduced prices with minimal hassle.

Documents Needed to Renew Car Insurance in the UAE

If you intend to stay with the same insurance provider, you can modify it according to their policies. However, if you wish to renew your insurance with a different carrier, you will be required to provide the following documents:

• A copy of the driving licence
• A copy of Emirates ID
• Vehicle registration details
• A copy of your passport
• A copy of the UAE Visa (for expatriates)

You can also renew your auto insurance in the UAE online by visiting the website of the chosen insurance provider.

Key Takeaways

All vehicle owners in the UAE are required to obtain car insurance according to the UAE guidelines. When buying auto insurance, you should look into available options and contrast them on the basis of their features, add-ons, costs, and more. However, in general, there is no best time to buy a car insurance in the UAE as the timing rather depends on purchasing the vehicle.

When it comes to buying an automobile, you will find several periods during the year when automobile costs and auto loan rates drop, making them ideal for buying a car. Thus, knowing the best time to buy a car might also help you decide when is the best time to buy car insurance. Generally, national holidays, the holy month of Ramadan, summers, and the last months of the year are the finest times to purchase a car (and consequently get car insurance).

Check out the car insurance section of policybazaar.ae and find out the best plans related to car insurance in UAE.

Dubai Car Insurance Guide