Driving A Vehicle In UAE
The insurance industry of Dubai has grown as rapidly as the city itself over the past decade or so. One can find numerous companies in Dubai dealing in insurance. And most of these enterprises are small firms that have been locally set up. They fulfill the ever increasing insurance demands of the people of the city, both locals as well expatriates. Policies with respect to insurance that are followed in Dubai are just as those in the West. Among the various types of insurance policies, car insurance is among the more commonly demanded and offered one.
Car insurance protects the insured party from losses involving the usage of their vehicle. The different types of coverage that is available and may be bought includes Medical payments
Collision caused physical damage , Damage to property , Medical expenses , Bodily injury cover
Car insurance is one among the few personal insurance types that are modeled to meet ones daily requirements. In order to get your car registered in Dubai, you first need to have the adequate insurance papers. Only then can the car be registered in the city. Thus, it is a legal requirement in Dubai to have at least a third party insurance cover for your car. For this, there are a quite a few third party insurance brokers in Dubai to choose on from. However, the car and not the diver are insured in this case.
The insurance figure that is calculated by the insurer depends on the car model, and is available at the showroom itself from where the car is bought. The insurers look at the manufacturing year of the car, its chassis number and also its price. A good deal would hover around a 4% to 7% rate. However, find out the cost of the insurance cover and also the premium amount that you would be paying before you sign up for the deal.
Insuring your car fetches you a lot of benefits in Dubai which are
Emergency medical expenses , Driver gets an injury cover , Recovery service which is round the clock , Repairs for the car is guaranteed , You also get an off road car coverage , It is also a simple enough procedure to go through , Third party cover for members of the family , Additional insurance covers for a nominal additional amount
Insurance besides being a legal requirement in Dubai is also the simplest way for people to cover for losses as a result of vehicle damage. Thus in case of absence of a proper insurance policy for your car, you run the risk of having to bear the entire cost in case of any damage caused to others or your car.
The types of car insurance available in Dubai include:
Comprehensive with options , Comprehensive premium level , Comprehensive and Fully Comprehensive , Third party, Theft & Fire
One should always go through a long list of car insurance companies before settling for any one. Also seek personal opinions about that company from others. This is so that the company you select is the one which gives the maximum level of satisfaction and customer services. Also note that luxury cars, cars that are 5 years old or more, and people below 25 especially males find it hard to get a car insurance for themselves and if they do, then it comes pretty expensive I.e. it will cost you more than the usual insurance rates. Most importantly, driving you car after drinking and then crashing it means no insurance benefits for you.
If you are looking for cheaper insurance deals, go to an insurance broker. The service is also provided by many banks in Dubai. Negotiation is also possible with the insurance companies. For expatriates, those who present an original no claims bonus certificate get a discount which rises from 0% and goes up to 40% on their car insurance policies.
The best way to go around searching for a cheaper car insurance policy is to shop around a lot. Also go for policies which exclude what you might not require. Also your insurers must be kept up to date with all your information. Another aspect is pay the premium annually, get yourself a garage and search and buy insurance policies online you get a good deal.
So if you intend to be driving legally in the city of Dubai, then better get your car insured.
Learn more about getting a car in Dubai. Stop by Andy’s web site where you can discover all about automobile insurance companies in UAE Dubai and services they can do for you.
