Owning a car in UAE? Then a car insurance is absolutely essential for you! In case the unforeseen happens, it covers your expenses for vehicle damage or injuries to other drivers, passengers or pedestrians. It is mandatory that all motorists be insured in UAE. Car Insurance premiums can be expensive & also add up over time. It can certainly put a dent on your monthly budget. But there is good news! You can save on motor insurance premiums, in a few simple ways.
Here’re few ways to get cheap car insurance in UAE:
Type of car
Several variables are based on by car insurance companies to calculate premiums. The model, year, type, and safety features are considered to be added or subtracted from your premium. Insurance for a sports car or an SUV might cost more than an ordinary car. So, choose your car wisely!
Do research extensively!
Go online and compare premiums set by different motor insurance companies. As features and covers get added to the policy, the premium amount may go up. Ensure that you read the terms & conditions of the policy carefully.
Avail your no-claim discounts!
You can save on your car insurance with a no-claim discount – A discount given by the insurer for every claim-free year. As per UAE Insurance Authority norms if a claim is not made for 1 to 3 years, discounts should be given for insurance renewal.
Consider third party insurance
Third party insurance is the most basic and mandatory motor insurance as per UAE law. The policy is cheaper as it only covers damages for the other vehicle and not your own.
Consider going for Fleet Insurance
If you are a business owner with a corporate fleet of cars, many insurance companies may provide discounts if you insure your fleet altogether. Take advantage of this offer to save on your insurance premium up front.
With proper car insurance coverage in place at a low premium you can protect your vehicle & get peace of mind. Get in touch with a local agent, who can help you choose the coverage that’s right for your needs.
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