Car Insurance in Dubai, UAE
According to the laws by the Road and Transport Authority, UAE for the safety on the road, it is mandatory for all vehicle owners to get car insurance cover. With multiple car insurance companies in Dubai and the UAE and different car insurance plans, it can sometimes be confusing what type of car insurance to go for and which motor insurance company provides the right coverage at the right price.
A car insurance policy protects your vehicle financially in case of an accident or a natural calamity and offers repairs and roadside assistance. In other words, the repair work on your car due to an accident, is paid for by the car insurance company.
The premium you pay to the insurance agency depends on whether you have chosen a comprehensive or a TPL policy as well as other factors. Factors such as the cost of your car, the model and make of the car, how old is your car, your age, and past driving experience will impact the premium your pay.
Mainly, there are two types of car insurance policies available in the UAE:
1. Comprehensive Insurance:
As the name suggests, a comprehensive car insurance policy will offer you wider protection. It will cover damages to your car caused by an accident either by you or a third person. It will also cover any damage to your car, such as windscreen damage due to theft, act of vandalism, or fire.
2. Third-Party Liability (TPL):
Third-Party Liability car insurance will only cover damages caused by you to other people’s car or property or sometimes both depending on the accident. If your car gets damaged in an accident due to your fault, this policy won’t cover any repair work for your car. The insurance company is only liable to pay the third party involved in an accident caused by you.
Because the damage cover is limited in this policy, your premium will be lower compared to that for a comprehensive car insurance policy. Hence, when searching for the cheapest car insurance, you might find TPL car insurance more affordable.
Based on your needs one could also include some of these add-ons to your car insurance policy. However, these would also increase your premium:
- Personal accident cover for driver and passenger: In the event that you or one of your passengers suffers bodily injury or death in an accident, your policy can pay out up to 2,00,000 Dirhams.
- Rent-a-car in case of accidents
- Natural calamities cover (Storm, Flood and Tempest)
- Off road cover for 4×4 vehicles: Dune-bashers and those that take short cuts in the city across wasteland would be advised to add off-road cover in case of an accident or breakdown.
- Extended Oman cover: Where you want to drive can impact how much you will pay because some insurance providers in the UAE offer vehicle insurance that extends into Oman, eliminating the need for you to get separate Oman insurance policy for your car
- Roadside Assistance: If your car breaks down or if you run out of fuel while on the road, road assistance is a service which will provide you with a mechanic / towing service wherever you happen to be in the UAE.
Many car insurance companies in Dubai also offer no-claims discounts, which can bring down the cost of your Dubai motor insurance. If you already have vehicle insurance and didn’t make a claim for one year or more, you should discuss it with your car insurance broker in Dubai to see how you can leverage this to buy cheaper car insurance.
In the UAE, a one-year policy offers 13-month coverage instead of a regular 12-month period. The additional one month is a penalty-free grace period offered by the RTA to re-register your car.
When selecting motor insurance in Dubai, Abu Dhabi, or anywhere in the UAE, make sure to check the car insurance claim settlement ratio, the reputation of the car insurance provider, premiums, your insurance needs, and other key factors to make an informed choice. Not all car insurance providers in Dubai offer replacement car for stolen or heavily damaged insured car. So, do a thorough check to avoid any surprises.
Need Car Insurance? Get in touch with Top Car Insurance Brokers, Dubai, UAE Now.
Whether you are looking for the cheapest motor insurance in Dubai or comprehensive coverage for your car, it is important for vehicle owners to get guidance from a trusted car insurance broker in Dubai, UAE. A trusted car insurance broker can help you find the best car insurance company in Dubai with the right cover and cheap car insurance to meet your needs.
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