Some of the Key features of car insurance policy
- Comprehensive cover of up to 10 years from the date of first registration
- Extended agency repairs of up to 5 years
- Rent-a-car in case of accidents
- Recovery / Towing services following an Accident or Breakdown Cover
- Natural calamities cover (storm, flood, and tempest)
- Off-road cover for 4x4 vehicles
- GCC Extensions (Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia)
- Personal accident cover for driver and passengers
- 3rd party liability for bodily injury - Unlimited
- 3rd party property damage cover up to AED 5 million
- No claims discount (for safe driving and no claims made during policy year)
- Protected “No Claims Bonus”
- No excess for windscreen damage
- Free car registration facility
With Gargash Insurance, you will never have to worry about claims because our dedicated team of advisors would assist you in connecting with the best car insurance companies and choosing the right car insurance policy with easy and efficient claims settlement and a variety of other add-ons.
What are the benefits of car insurance?
Owning a car is one part of the thrill and getting the right car insurance is the icing on the cake. While you enjoy the prospect and independence of driving on the beautiful roads of Dubai, Abu Dhabi and the cities of UAE, it is equally important that your car is insured and the driver too. Accidents don’t come with any announcements, and we must always be prepared for any eventuality. A car insurance can massively minimize burning a hole in your pocket in the event of an accident. It lifts off a huge burden in such a stressful and traumatic time.
At the time of buying insurance, our team of advisors will acquaint you with the benefits of car insurance,
- Car insurance safeguards you and others in the event of an accident that involves death or loss of property.
- Car insurance provides cover for you, the other driver, and all passengers involved.
- Car insurance takes care of fixing damage to the vehicle or stolen/lost vehicle.
- Most car insurance policies are life saviors when it comes to saving your pocket! Car Insurance helps minimize expenses in the event of an accident.
- Did you know there are different types of car insurance available? For example, Comprehensive Insurance is a form of protection in all possible scenarios which cause loss to either party involved in the accident/loss.
- Have you heard about the variety of car insurance add-ons that may help in unexpected times of need?
What does a Car Insurance Policy cover?
Like in any part of the world, car insurance is a legally mandatory requirement in the UAE. Buying a car insurance through Gargash Insurance, gives you coverage for
- Property damage (either one or both parties depending on the type of car insurance policy).
- Medical expenses in case there is a need for medication for the parties and passengers involved (Depending on policy).
- Bodily injury expenses cover for injuries of anyone to get wounded in an accident.
However, the extent of coverage depends on the type of car insurance policy chosen - Third Party or Comprehensive. Third Party Car insurance would cover medical expenses and injuries of both parties, however, property damages are limited to the “Third Party” or other vehicles involved in the accident. Comprehensive car insurance on the other hand covers property damages to both vehicles in the event of an accident.
What is the difference between Third-Party and Comprehensive car Insurance?
Comprehensive Car Insurance is complete coverage for both you and the other parties involved in the event of a car accident or loss caused by you or the other person, or due to external causes such as a fire, theft, vandalism, damage by fallen objects, collapse, etc. On the contrary, a Third-party Car Insurance coverage primarily involves insuring against the losses caused to the other party involved in the accident. It is the minimum required to cover in UAE and does not provide coverage for you, your vehicle, and expenses. It has limited coverage, but it is more affordable.
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Comprehensive Car Insurance
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Third Party Insurance
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Cover of personal and property damage to both parties.
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Cover of personal and property damage to the Third or Other Parties.
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Covers in the event of
- Accident
- Natural Disasters
- Theft
- Vandalism
- Fallen objects/Collapse
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Covers in the event of
- Accident
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Covers medical expenses and prevention of death and bodily injury to both parties.
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Covers medical expenses and prevention of death and bodily injury to both parties.
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Options are numerous but they are slightly expensive.
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Just a handful of options but they are fairly affordable.
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How is a car insurance premium calculated?
A car insurance premium is an amount that you as a car owner can pay, monthly, bi-annually, or annually, in return for the insurance coverage needed. It should be noted that your car insurance premium depends on the factors below:
The cost of your car
The value of your car is an important determinant of the premium for your car insurance. As per rules and guidelines in the UAE, if the value of your car or vehicle is more than AED300,000 the applicable rate is up to 2.75%. For cars valued less than AED 100,000, typically the rate applied by a car insurance company in the UAE may amount to at least 3.25%.
Car Type, features, model, etc.
The car type and features of your car play a huge role in car insurance costs in the UAE. how your car insurance premium is calculated. For instance, the more rare, expensive, and uncommon your car type, model, and features are, the higher the car insurance premium will be.
Car or Vehicle age and coverage
If a car insurance calculator finds your vehicle is old, it will assign a higher coverage and by extension, a higher premium. In all likelihood, an older vehicle will most likely need more repairs and protection. Thus, car insurance for it will be more expensive.
Your age, driving history, and experience
Your age, driving history, and experience also impact the car insurance premium. Car insurance for new drivers is on the higher side. If you are under 25 years of age and your driving experience is under a year, your car insurance premium will be higher.
Agency or Non-Agency repairs
Your decision whether you choose your car or vehicle to be repaired by the official car dealer or externally at a garage, would affect your car insurance cost.
How to buy Car Insurance Online?
You can buy car insurance online in 2 easy steps. Click on “Get a Quote” and fill in the quotation form with your name, contact details, car registration number. Our team of experts will reach out to you with the best car insurance policy with specific quotes per your needs from the various car insurance companies in the UAE.
FAQs - Frequently Asked Questions:
What are the documents required for filing a claim in a car insurance policy?
To file a car insurance claim in the UAE, the following documents will be required:
- Police Report (compulsory after an accident)
- Car or Vehicle Registration (Mulkiya) copy
- Valid UAE Driver’s License
- Emirates ID card
- Filled claim forms from both parties
What is the maximum policy period under car insurance in the UAE?
In the UAE, car insurance policies have a validity of 12 months. Post expiry of the car insurance policy, each policyholder is allowed 1 month grace period to renew their car insurance policy.
How to renew your car insurance policy in the UAE if it has expired?
To renew your car insurance policy in the UAE, you will need the following documents:
- Your passport copies with Visa page
- UAE driver’s license
- Car or vehicle Registration details (or Mulkiya)
- A No Claims Discount Certificate, if applicable.
Should you choose to renew your car insurance with your existing car insurance provider in the UAE, you might not be required to submit all the documents mentioned above to renew your car insurance policy.
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