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The car market has been constantly rising in the UAE, especially with the focus of the residents towards the high-end luxury cars. The streets of Dubai are full of the best and expensive cars and these cars require the best car insurance in Dubai.
Listed below are a few interesting car trends in the UAE.
When considering the average values of cars, it is seen that the drives in the UAE have cars that are the most expensive. The Western Expats follow them closely. When the same situation is broken down in terms of gender, there is an interesting observation. The female drivers from the United Arab Emirates are getting those cars insured that are considerably more expensive as compared to their male compatriots. The roles are opposite in the case of the Western Expats. However, altogether there is a higher average value of cars amongst male drivers in comparison to the female drivers in the UAE.
It has been observed that most of the applicants wish to buy car insurance online within one day from the renewal date of the registration. However, it might be possible that more people who want to get the policy on the same date get attracted to the web aggregators. This may happen when keeping in mind the speed and convenience of purchasing the best car insurance in Dubai online. The ex-pats from Asia begin their search for car insurance well in advance. While the nationals from GCC and Emirati usually begin their shopping for auto insurance near to the date of expiry of the policy.
Generally, there is a perception that a lot of young drivers on the roads of Abu Dhabi and Dubai own expensive cars. There are a few drivers in the age group below twenty-five years as well as between twenty-five to thirty-five years who are searching for car insurance for their expensive cars.
Purchasing auto insurance online has been the most common amongst the residents of Dubai. After Dubai, it has been common amongst the residents of Sharjah and Abu Dhabi. The major portion of the residents of Northern Emirates till date prefer purchasing car insurance in the traditional manner. However, even this trend has been changing over the years. Currently, a majority of drivers consider it convenient to find the best car insurance in Dubai online.
More than fifty percent of the customers looking to buy auto insurance drive cars that are either completely brand new or are first registered within the last three years.
It is apparent that purchasing and comparing auto insurance online is getting more & more popular. However, what is actually interesting is that the drivers in the UAE are turning into online aggregators without considering the cultural background making their appeal universal.
The cars like the Mitsubishi Pajero have equal popularity amongst female as well as male drivers. However, it is noticed that the Nissan Juke and Kia Sportage are especially popular amongst female drivers. The Accord and Civic models by Honda are usually insured in the name of male drivers.
With e-commerce growing continuously in the UAE, the insurance industry is catching up with changes in the behavior of the consumers. With a boost in the local demand of new and premium cars, the UAE is building an industry for auto export which is perfect for serving emerging markets in the Middle East and Africa.
Most of the people in the UAE are splurging willingly on expensive high-end cars. But it is not just about purchasing luxury cars, it is also about the amount of money that has to be invested in their maintenance. Even the tiniest repair can cost a fortune in the case of high-end cars. Car insurance helps to make the whole process of maintaining and owning a luxury car easy. Not only is car insurance compulsory for UAE drivers, but is also necessary for protecting yourself and your car from unfortunate events.
The owners of high-end cars who are looking for the best car insurance in Dubai should opt for add-ons the insurance provider offers. Add-ons generally make your auto insurance policy even more worthy and valuable. Choosing some add-ons might help you in covering huge maintenance-related costs on your expensive cars. For the affluent class also, a luxury car is like a one-time investment. Hence, it is wise to go for car insurance and let the insurance provider take care of the amount that you will have to spend on repairs.
In a Nutshell
Looking at the recent trends in the UAE, it is clear that comparatively female drivers are investing more in the most expensive vehicles along with various young drivers. It is also observed that the drivers in the UAE shop for auto insurance very last minute and that they prefer buying it online. There has also been a difference in the car model preferences amongst men & women as per their respective tastes and convenience. A majority of drivers are looking for insurance for cars that are not older than four years.
Whether the car you own is expensive and high-end or is cheap and a regular one, opt for the car insurance that comes out to be helpful in case of any unforeseen circumstance.