Motor insurance is deemed mandatory under the United Arab Emirates federal traffic law and a minimum level of car insurance is compulsory to drive in any of the seven emirates. Generally, comprehensive insurance is recommended over third party if you want complete protection from unforeseen incidents. This covers damage to your own car in an accident, fire and theft and more importantly damage to third party property. You can get also opt for a higher level of comprehensive insurance which includes a hire car, recognition of your no claims bonus and other lucrative benefits. Speak to a reputed insurer to understand how they can build you policy that covers you against all perceived risks.
What about rates?
Having no claims on your policy and being an experienced driver will always qualify you for good discounts on your comprehensive policy with an international insurer. You are also entitled to a no claims certificate on request when switching your insurance provider should you have no claims for the period you have insured with them.
Age discounts will depend on the cut off rate the insurer employs to calculate the premium. So seek your insurers’ advice before signing up for a comprehensive motor policy.
Higher premiums are payable for young drivers with relatively lower driving experience and for cars over 7 years. Buying insurance using an online facility will provide you further discounts with most international insurers.
What should I look out for?
A effective policy might not mean its claims effective. In other words, having to pay a small premium initially may be easy on your pocket but may land you in despair when it’s time to claim on your policy.
It is important to understand that policy features may be added to a standard motor policy depending on the needs of the motorist. Covers that can be added include agency repairs, special geographical cover, personal accident benefit, etc.