Things to Consider Before Renewing Your Car Insurance in the UAE
Is it time to renew your car insurance in UAE? Have you started receiving reminder calls from your insurer for renewal? Whether you are planning to buy a new car insurance policy or to get the old one renewed, it is advisable that you do a bit of research to find an adequate plan for yourself. Here’s a brief summary of everything that you need to know about renewing your UAE car insurance, and how to go about it in the most hassle-free and convenient manner.
The Best Time to Renew Your Car Insurance in UAE
As you already know, your car insurance policy tenure in Dubai, or anywhere in the UAE, is of 13 months. But, do you understand the concept of policy renewal in the 13th month? You might not know, but it is a grace period provided by the UAE transport authority, within which you have to renew your car insurance.
So, when your policy expires after the completion of 12 months, you have an additional penalty-free month to renew it. Including this grace period, the policy term for car insurance in Dubai is usually 13 months.
Instead of waking up after being reminded by your insurer, it is recommended that you pro-actively take interest in renewing your policy. You can utilize this extra time for some research and compare different car insurance providers to find the most appropriate deal for you.
The question that arises is, whether you should continue with the same features which are offered by your current car insurance policy or should you get some add-ons or optional features?
Most likely, you would have already assessed your car insurance cover during its 1-year term. You must have evaluated the features that were beneficial and the ones which were missing from your car insurance. At the time of renewal, you have a good chance of keeping the features that worked for you and opt out those which were not required.
For instance, if your current policy includes the optional Oman cover and off-road cover, and you, on the other hand, hardly go on cross-country adventures within or outside the UAE, then there is no point in keeping it. Rather, you should just opt out and save yourself from paying an extra premium.
It might seem quite convenient to renew your car insurance plan from the same provider; it doesn’t always work out, though. It is recommended that you take your time in looking for various car insurance companies in Dubai and across the UAE, and choose the plan that works the best for you.
Insurance companies in UAE calculate the cost of car insurance premium on the basis of certain factors which include –
- Make, model and value of the vehicle
- The age of the driver
- Total driving experience
- Driving history
- Record of traffic violations
- Claim history
The extent and kind of coverage you choose at the time of renewal will also impact your car insurance premium.
No Claims Discount or No Claim Bonus
Always remember your No-Claim Discount – it is the most certain way to reduce your premium at the time of renewal. If you have not made any car insurance claims in the past year, you are entitled to a No-Claims Bonus.
The more the number of claim-free years, the lower your premium will be for your car insurance in UAE. If you are renewing your motor insurance policy from a different insurer, do not forget to get the No-Claims Discount certificate from your last insurance provider.
Documents Required For Renewal of Car Insurance in UAE
If you are getting your car insurance plan renewed from a different insurance provider, then you will need the following documents -
- Your passport’s photocopy
- Copy of your UAE Visa
- Valid UAE driving license and its copy
- All the car registration details (Mulkiya)
- No-Claims discount certificate (if applicable)
If you plan to renew your car insurance from the same insurer, you can skip the aforementioned documents. Your insurer already possesses your information; so, you only need to share your current policy details at the time of renewal.
To Sum Up!
We have elucidated above an all-inclusive guide to help with various aspects of car insurance renewal in the UAE. Hope it will help you choose the right car insurance scheme at the time of renewal.