If you live in the UAE or plan to shift there, then know that car insurance is mandatory. Without auto insurance in the UAE, driving is a crime. You can get black points on your license along with a fine. In some cases, drivers have had their cars impounded, or they have been jailed. So, please do not drive without auto insurance in the UAE. But we know that many people find auto insurance as an added expense. Today’s article will discuss the best and easiest ways to get cheap car insurance in the UAE.
Types of Insurance
There are two types of car insurance in the UAE. The first is third-party car insurance. It is the minimum legal requirement. It covers expenses that the other party incurs if you are at fault. It does not cover any expenses that you will incur. In contrast, comprehensive car insurance covers third-party expenses along with the policyholder. This article will allow you to get either type at the best possible rate.
Benefits of Car Insurance
While many people see it as an unwanted expense, car insurance provides countless benefits. Please note that these benefits are dependent upon the type of policy.
The first benefit is that it gives you legal cover. As said earlier, driving without auto insurance in the UAE and many other countries worldwide is illegal. Thus, having valid car insurance will ensure that you are always on the right side of the law.
You’ll be surprised to know the costs involved in repairing a vehicle. If you are at fault, you must pay for the other person’s car repairs and your own. These costs can amount to thousands. With insurance, you do not have to worry about these costs. The reason is that the insurance provider covers all the costs or most of them.
Gives Peace of Mind
When you know that you have auto insurance, you can drive with peace of mind which is not possible when driving without insurance. The reason is that you will be worried about getting caught or involved in an accident.
God forbid that you die in an accident. But if you do, depending on the policy, your family will get compensation.
Another benefit is that your insurance provider will cover your hospital bills. It is undoubtedly a much-needed relief given the increasing costs of healthcare.
There are countless other benefits that we can list. But that is not a part of our discussion. So, let us focus on the main topic.
Getting Cheap Car Insurance in the UAE
Option # 1
Websites like PitStop Arabia and others help car owners get cheap car insurance in the UAE. All you need to do is provide them with relevant information, and they will connect you with the most cost-effective insurance providers. All you need to do is select the most feasible one, and that is all. All this is done online, meaning that you do not need to go through the hassle of visiting the offices of insurance companies.
Option # 2
If you are not comfortable with the first option, we recommend going to an insurance broker. Please ensure that the insurance broker is registered with the relevant bodies. It will help you avoid being defrauded or getting a policy that does not meet your requirements. Insurance brokers are agents that are in contact with different insurance companies. Once they obtain your information, they talk to different insurance companies on your behalf and help you get the cheapest car insurance.
You might be wondering how does this benefit the insurance broker? For every sale, the insurance company pays the broker a certain fee. One of the drawbacks to using an insurance broker is that they may be sales-driven. It means that they do not care about you and only want to complete the sale. If so, they might send you the wrong policy. Hence, we recommend going through the policy and reading it thoroughly.
If you are not confident in getting car insurance through PitStopArabia or an insurance broker, opt for this approach.
It involves a lot of research. The first thing you need to do is compile a list of the top five insurance companies in the UAE. We recommend including the names of two little-known but registered insurance companies in the list. So, you have seven insurance companies on your list. The next thing to do is visit their offices and gather the relevant details. By details, we mean ask them about the insurance plan, discounts, what is included, excluded, and other relevant information.
Once this process is complete, organize the information and make a comparison table. You need to compare which insurance provider is offering the best insurance policy. Once you find it, give them a call. Tell them that you are interested in buying the policy, but you cannot afford the plan. The idea is to get as much discount as possible. Buy the plan once you feel that the company will not go any lower.
This concludes our article on how to get cheap car insurance in the UAE. If you have any questions in mind or suggestions, let us know. Lastly, we recommend asking for discounts as much as possible. It can help you get a lower premium.