Top Car Insurance Policies in the UAE
In life, accidents happen beyond anyone’s control. However, what one can control is to be covered for an eventuality that could lead to huge monetary drain. And car insurance is the only solution to avoid a financial setback due to an emergency.
Car insurance as the name suggests is a policy that protects your valued possession. It takes care of all the costs incurred during unforeseen happenings. As per the insurance agreement, the insurance provider covers the unanticipated expenses on you due to the repair of the damages, loss of the vehicle, damages due to man-made or natural calamities etc.
In the UAE, the RTA’s law makes it mandatory to have Third Party car insurance. That means if you are driving without a TPL car insurance not only are you exposed to the risk of financial burden in case of an accident, you are also liable to pay a hefty fine. To avoid the risk of financial contingencies and legal liabilities, it is best to look around for the cheapest car insurance in UAE and choose the one that suits you the best.
Advantages of Car Insurance in UAE
- Car registration is a tedious task in the Emirates. Many of the insurance providers offer the service of car registration to the policyholders.
- The provider also offers reimbursement of the value of the car incases of theft of the car.
- Any loss that is caused by natural calamities or man-made events is covered.
- Insurance providers also cover any loss or damage caused by collision with a third party, roadside pillar or animal.
Types of Car Insurance in UAE
There are two main types of car insurance in the UAE: Third-Party Insurance and Comprehensive Insurance. It is for you to choose the cheapest car insurance in UAE that suits your needs.
Third-Party Liability Car Insurance
The law in the UAE makes it compulsory to have this type of car insurance. This is the most basic type of car insurance. It protects the policyholder against any third party vehicle damage or bodily injury caused by the insured vehicle.
The person buying this kind of insurance plan should be ready to bear the expenses of repairing his/her own vehicle in the situation of an accident. Since there is low coverage provided by a TPL car insurance, the premium charged is also low.
Comprehensive Car Insurance
This kind of insurance cover provides protection to the vehicle of the policyholder in case of accidents or thefts. It also provides third-party liability cover. Generally, it covers the basics and add-on benefits mentioned below:
- Loss or damage to the insured’s vehicle is covered by the provider.
- Medical treatment is offered up to a fixed amount in case of the accident of the insured’s car
- Any damage caused to the third party is covered
- In case of the car breaking down onsite repair is provided
- The policyholder can get the repair at any affiliated agency free of cost
- In case of breakdown, towing services can be provided
- Assistance in case of a flat tire without any labor costs
- Valet service or alternate car during an accident
- Cover for the theft of any personal belongings
- Windscreen repair
Note: The above may vary as per the insurance provider. It is best to compare and choose the best car insurance in UAE that includes what you require.
Top 5 Providers of the Best Car Insurance in UAE
|Adamjee Insurance Co. Ltd.||
|New India Assurance Insurance||
The cheapest car insurance in UAE depends on the needs that are personal to every individual, along with the additional advantages they provide.
Exclusions of Car Insurance
Car insurance in the UAE will be terminated in situations such as:
- Driving without a valid license
- Driving under the influence of intoxicants
- False or misleading information provided to the insurance company at the time of purchasing the policy
- Intentional damage
- Unethical uses of the vehicle
- Claims that are filed after a period of 3 years
How to Choose the Best Car Insurance in UAE
The tips to choose the cheapest car insurance in UAE with maximum benefits are:
- Be clear about your needs and expectations before diving into car insurance.
- The reputation and reliability of the insurance company will determine the service provided to you. Therefore, it is important to consider their financial history or market reputation.
- It is important to compare across the available options in order to choose the affordable car insurance in UAE.
- To get the best car insurance in UAE, it is advised not to blindly buy the first insurance suggestion you come across. Your insurance should be sufficient as per your needs. Hence, it is important to weigh all the available options.
Car insurance is a mandatory requirement as per the law in the UAE. Therefore, everyone needs to select an insurance policy based on their needs. Choosing the best car insurance in UAE can be tedious with plenty of options available. However, with a thorough comparison, you can find out the policy that actually meets your requirements.