Best Vehicle Insurance in UAE

Finding the best vehicle insurance company in UAE can often be a time-consuming process with several sites for comparing the insurance rates. The cost of vehicle insurance is impacted by several factors from the type of covers you prefer to one’s driving record. Some factors such as age and occupation are non-negotiable, whereas driving history, model of vehicle are factors under your control.

Most insurance companies consider a few parameters for arriving at the cost and here is a list of what commonly determines premium on your auto policy.

Your Age

– Your age plays a huge part in how insurance companies calculate risk. Statistically, younger and inexperienced drivers are more likely to make a claim – so their insurance cover will cost more as a result.

– Insurers generally charge more for young people below the age of 25 and older people above the age of 60.

Your driving history

– The better your driving records, the lower your premium. If you have had accidents and faced severe traffic violations, it is likely you will have to pay more than those having a clean track record. A new driver without a record may also have to pay more.

– Insurance companies reward cautious drivers with the No-claims Bonus (NCB). If you did not make any claims in the past, you will get a discount at the time of renewal.

Occupation

– Even though you are a careful and conscientious driver, but if you happen to follow a career that involves frequent traveling over longer distance, your premium would be raised.

– A profession like sales rep, delivery boy, journalist will usually attract a higher insurance premium than someone who drives occasionally.

Your gender

– Women tend to get into lower accidents than their male counterparts according to a statistical report.

– Men are statistically are more prone to rash driving and have been levied more speeding tickets and traffic fines than women.
Hence, car insurance rates would lean more favorably to women.

Model and features of the vehicle

– A high-end vehicle owner would need to spend more money for repairing or replacing expensive spare parts and may at times require only agency repairs.

– If an insurer’s data depicts that drivers with a vehicle model have encountered accidents or filed more claims, then your rates will be higher. However, if the vehicle has been fitted with sophisticated and advanced safety features (airbags, anti-theft alarm, trackers) this could lower premium.

Vehicle insurance is an associated expenditure when buying a vehicle, so look for ways to make it within your budget. Each insurance company weighs your risk differently, so find the insurer that is pricing competitively for your combination of factors. Pose less of a risk to the insurance company with factors under your control, and in turn fetch the best deal.

If you are looking for a reasonable car insurance policy from the best insurance company you can trust, trust that we can help you obtain the best coverage for your car and your safety. We invite you to contact us today to learn more