How to Select the Right Car Insurance Policy in UAE?
Are you in the search of right insurance policy in the UAE? You should know that it can be a daunting task. Which policy is right for you? How to know that you are getting value for what you are paying? What are terms and conditions specified under the insurance plan you are intended to go for?
You should keep in mind that car insurance coverage is mandatory in the UAE, so getting all the information about it is important for car owners.
Keep reading to know about some tips that can help you make the right choice for car insurance.
Familiarize Yourself with Different Car Insurance Companies
There are numerous car insurance companies in the UAE. Some of these companies are popular for offering good customers service and amazing car insurance packages at reasonable prices. However, there are also companies which are not that popular. It makes sense to choose the car insurance provider that offers to fulfill all your car insurance needs.
Know the Car Insurance Calculations
In order to make a good deal, you must get yourself familiar with the formula that car insurance companies use to calculate the premium. You should remember that the formula of car insurance premium calculation generally includes factors such as drive age, nationality, model and make of the car, capacity, and size of the engine, and many others. Some of the companies in the UAE offer additional benefits like recovery service and many others. It means that picking up the right car insurance company could mean that you can avail additional benefits.
Don’t Buy Third Party Liability Only
You can find two types of car insurance policies in the UAE - third party liability only policy and fully comprehensive policy. The fully comprehensive policy is generally costlier, so the third party liability only policy remains the cheapest available option in the UAE. However, it has some limitations, and it is recommended not to choose it.
Look for Discounts for No Claims
Safe driving has many benefits, especially in the UAE. You can get no claim discount if you have not made any claims on your car insurance for a few years. Search for car insurance plans that offer no claim discount. You have to get a letter from your previous insurer mentioning that you have not submitted any claims during the period of coverage with them, and you can avail the discount.
