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.
Insuring you car protects you from any kind of loss involving you car. Coverage that are available and may be bought is,
Collision caused physical damage, Damage to property, Medical expenses, and 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 8% 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.
Car insurance in Dubai besides being a legal requirement is also beneficial in itself to the insured as it provides a cheap and easy way of covering losses in case of damage involving your car. Otherwise, all the damage costs would have to be borne from your personal account making your finances go haywire.
Car insurance types available in Dubai are:
Third party, Theft & Fire also known as TPFT, Comprehensive and Fully Comprehensive , Comprehensive with options , Comprehensive premium level
Although car insurance companies are in plenty in Dubai, it is advisable to ask around for personal opinions while looking for an automobile insurer. This is because there is always a difference in the levels of satisfaction and customer service provided by these companies. Also, finding insurance in Dubai is a pretty difficult proposition for cars that are older than 5 years, drivers and especially males under the age of 25 and sports & luxury cars. As such getting those insured costs more than a usual car insurance policy. Another important point is that drinking driving and crashing results in zero insurance cover.
For a person looking for cheaper deals, visiting an insurance broker, like us is a good idea. Many banks too provide brokerage service in Dubai. Also, one can look to bargain and negotiate with insurance companies for cheaper deals. For an overseas person get a no claims bonus certificate that is original. This is because these certificates fetch a discount of 0% to 40% on the original rate in Dubai.
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.
We provide professional help in arranging insurance and also to claim for insured amount.
You can contact us for any insurance related and vehicle related queries.