Is Your Car Insurance Policy The Best For Your Needs?

Selecting the best car insurance in Dubai could be a daunting task that would require enough knowledge on your part. You might ask the following questions: What type of policy should I choose? How much coverage is the best for your car? How do you know if you are getting the right value for your money? What are the terms and conditions agreed under your car insurance plan?

All these questions would require answers from experts, that is why it is also important for you to consult with professional insurance brokers in UAE. Remember that car insurance coverage is mandatory in the UAE, so understanding the insurance details is essential for car owners. After all, high costs are at stake.

In this blog post, we are going to discuss the guidelines to help you make the right choice for your car insurance:

Get well-versed with different car insurance companies in the UAE.

There are several car insurance providers in the UAE a most especially in Dubai and in Abu Dhabi. Some of these insurance companies are regarded for their high standards of quality customer service and packages at competitive prices.

Choose the car insurance provider that caters to all your car insurance needs including a comprehensive coverage, a replacement car if your car undergoes repairs, and extended coverage outside of the UAE as well. Additionally, always look for the claim settlement ratio of the car insurance companies in Dubai, Abu Dhabi, or the rest of emirates of the UAE.

Determine the calculations of the car insurance plan.

To select the car insurance policy that is best financially and functionality wise, you must familiarize yourself with insurance companiesa formula in calculating the premium. The formula used in calculating car insurance premium typically comprises factors such as;

– driver’s age

– driver’s nationality

– the make and model of the car

– engine’s size and capacity

– insurance seekers claims history

– the estimated value of the car

There are insurance companies that offer benefits such as 24/7 roadside assistance and recovery service. Selecting the right car insurance company would mean that you can take advantage of competitive premium rates and additional benefits.

Don’t buy Third-Party Liability only policy.

In the UAE, there are two available types of car insurance policies: one is a fully comprehensive policy while the other is a Third-Party Liability Only policy which is the cheapest option for insurance seekers. However, this type of policy only provides coverage against death and/or injuries caused to a third party in addition to the damage caused to their vehicle or property. In case you choose to buy a Third-Party Liability Only car insurance policy, you’ll have to pay for the major repairs out of your personal funds. In addition, if you are planning to take a loan on the car, a comprehensive car insurance coverage is what you’ll need.

Look for car insurance plans that offer no claims discount.

If you have not submitted any claims on your car insurance for a few years, you may ask for a discount when buying a car insurance policy. To avail the discount, you’ll need to request a letter from your previous insurer stating that you have not made any claims during the coverage period with them. No claims discount typically can give you as much as 25% markdown on your car insurance policy. However, be advised that the discount rate depends on your claims and accidental history.

Lastly, remember that understanding your options and its benefits is important when it comes to making the right choice for your car insurance in the UAE. Get expert advice from our professional insurance brokers to know what’s the best insurance for you.

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