How to get the best car insurance rates in Dubai?23 May, 2023
Looking for the best car insurance rates in Dubai? Look no further! Here we outline the best ways to get the cheapest coverage.
6 Practical Tips to Buy Car Insurance in Dubai at Affordable Rates
Finding the best car insurance rates in Dubai can be a challenging task. With so many different companies offering different rates, it can be difficult to know where to start.
Fortunately, there are a few areas you can consider to get the lowest car insurance rates in Dubai. In this article, we will discuss what you need to know about getting the lowest car insurance rates in Dubai and how you can get them.
Quick Read Section
- Car insurance is a mandatory requirement as per UAE law, for all vehicle owners in Dubai.
- In order to lower costs and make it simpler to pay for repairs or replacement parts, car insurance companies provide discounts and incentives to customers.
- Buying car insurance through insurance brokers can benefit you as they can help you find discounts or reduced premiums and guide you on what coverage is best for you.
- Avoid claiming insurance for minor losses if you want to maintain your No-claims bonus
- Reduce your insurance premium by choosing a higher deductible or policy excess.
Car insurance is mandatory for all vehicle owners in Dubai. It is not only important to protect yourself financially, but it also provides you with peace of mind. With car insurance, you can be sure that in case of an accident or other unexpected events, your finances will be protected.
A good car insurance policy can also help you save money in the long run. Insurance companies offer discounts and other incentives to customers who purchase car insurance policies. This can help reduce your overall costs and make it easier to pay for repairs or replacement parts if needed.
Therefore, buying car insurance is essential for your safety as well as that of others and should not be overlooked.
Why is it better to buy car insurance through an insurance broker?
Insurance broking companies like Gargash Insurance have years of experience in the UAE insurance industry and can help you find the most suitable policy for your needs at affordable prices.
By working with an experienced broker, you can make sure that you get the best car insurance rates in Dubai without compromising on your needs or your coverage. Insurance brokers have access to the best car insurance rates in Dubai and they can help you find the most suitable policy for your needs. They also provide advice on what type of coverage is right for you and can help you save money by finding discounts or lower premiums. By working with an experienced broker, you'll get the best possible rate and coverage that meets your needs.
Looking for car insurance plans with low rates and more coverage? The next section reveals some recommended best practices to follow while buying a car insurance policy in Dubai. Try these tips and see how much you can save on car insurance.
How to buy insurance policies with the lowest car insurance rates in Dubai?
By following a few simple tips, you can save on car insurance rates and get the best deal for your vehicle. From understanding your coverage options to shopping around for the best rates, there are many ways to save on car insurance in Dubai. Here are some top tips to help you get the best car insurance rates in Dubai.
1. Enquire estimated costs with an insurance broker before you purchase a car
If you’re planning to buy a vehicle in UAE, you must be looking at different car models, the GCC specs, performance, mileage, etc. Add one more thing while browsing for the right model, and that is the cost of insurance. Research how much your desired car model will approximately cost for insurance. You can easily check the estimated cost of insurance for a particular vehicle model by contacting Gargash Insurance. They will guide you on the coverage you can get and whether your car model is expensive to insure or not.
Buying an older or used car does not lower the cost of your insurance premium. If you’re purchasing a new car, make sure to buy a model that are considered low risk by insurance companies. Car modifications and premium vehicles with expensive parts are more prone to theft and damage, raising the cost of insurance. When you purchase your car, make sure to understand how your vehicle functions by asking the seller about the fuel efficiency and maintenance costs of the car. These factors play an important part in lowering your insurance costs.
2. Raise your policy’s excess to lower insurance costs
Policy excess or deductible, in insurance terms, is the amount of money the policyholder agrees to pay while filing a claim. Car insurance companies categorize policy excess into two main types: Voluntary and Compulsory
Voluntary excess is the amount of money the policyholder agrees to pay in the event of filing a claim. This amount is decided by the policyholder and not the insurance provider. The more your policy excess is, the lower will be your premium. Though increasing the voluntary excess can reduce the cost of the premium, you must ensure to choose only excess amounts that you can afford to pay during claim settlement.
Compulsory excess, on the other hand, is decided by the insurance company at the time of underwriting and depends on the nature of your claim and the damage caused.
3. Take advantage of the No-Claims Bonus in your Policy
No-Claims Bonus is a discount given by the insurance company to the policyholder at the time of renewal. This discount is applied during insurance renewal if there haven’t been any claims made during the policy term. The No-Claims Bonus discount accounts for a percentage of your premium and retaining it for a long time can help you save on insurance costs. Try and hold back from claiming insurance for small damages that you can afford to pay to maintain your No-claims record and save on insurance premiums in the long run.
4. Extend your premium payment period with EMI
Check with your insurance broker if your policy premium can be paid in installments. This will help lengthen the window of paying your due policy premium and reduce financial strain. You can choose from the options to pay your car insurance premium in 3, 6, or 9 months.
5. Compare multiple quotes before settling on your car insurance company
Buying car insurance through an insurance broker is more beneficial to you than purchasing through other mediums, as you don’t get a fair idea of the current rates in the market. Car insurance brokers at Gargash can provide you with quotes from various insurance companies in UAE and help you choose an insurance plan that fits your budget. Do not settle for the first option you see, instead discuss with your insurance broker to find plans that offer the best coverage at the lowest rates. Compare and analyze the coverage and rates of different insurance companies before finally deciding on one.
6. Maintain a clean driving record
The rate of insurance premiums depends on the claim history and the policyholder's driving record. Having a good driving record with lesser black points and fines can help you get insurance policies with lower premiums.
If you are looking for the best car insurance rates in Dubai, Gargash Insurance is here to help. As a leading insurance broker company in Dubai, we can help you find the right car insurance policy that suits your needs and budget.
Our insurance brokers can provide you with tailored advice on which policy is best suited for your particular situation. We also have a team of dedicated customer service agents who are always available to answer any questions you may have about your car insurance policy. Get reliable advice on how to get the best car insurance rates in Dubai and the most suitable coverage for you at competitive prices.
Contact us today for all your car insurance needs!