A car insurance policy is a must if you wish to protect yourself against things like theft, third-party claims, and damages by accidents. In UAE it is mandatory for every car owner to have valid car insurance in order to drive legally on the road under the RTA law.
The type of policy you get may vary based on the type of your vehicle, the time for which you have been injured, and the type of policy you pay for. Usually, if you want your insurance to cover theft or damages, you will need to go for a comprehensive insurance policy. The mandatory requirement for car insurance in UAE is for third-party liability only.
If you are looking for ways to save some money on car insurance in UAE, you will have to approach this process a certain way. Following are some things you can do to make sure you get profitable car insurance at a reasonable price.


1. Compare Different Insurance Providers

You can find myriads of car insurance companies in UAE that offer different insurance coverages for different premiums. Your goal should be to go for a company that asks for the minimum premium while giving you more coverage.
This is only possible when you take quotes from different insurance providers instead of picking the first that comes up on the list. By comparing the insurance policies of different companies and considering what they cover, you can easily save a lot of cost on premiums.

2. Select Essential Add Ons

An Add-on gives insurance holders coverage for damages other than what their basic car insurance covers. It is very important that you only choose essential add-ons for your car insurance. The right insurance add-on will help you save more money in case your car gets damaged.
Go through all of the available add Ons in the policy and only choose the ones that add more value. Some companies charge extra for add-ons and that is why you need to make sure you get the right add-ons that do not increase your premium.

3. Driver Details

Car insurance companies in UAE consider various factors when deciding about the premium for your insurance. One key factor among these is the personal history and driving record of the driver.
If the driver of the car is under 25, the premium cost is usually higher. This is because younger drivers do not have a lot of road experience. On the other hand expert drivers who have been doing it for years have a less chance of getting into an accident which leads to low premium rates.
So, in order to save your money on car insurance, you can get a driver from your family who is over 25 and has a clean driving record with very few to no past insurance claims.

4. Utilizing the “No Claim” Bonuses

In UAE, you can get a special discount on car insurance premiums if you have not made any claims in the past These no-claim bonuses can help you lower the premium cost which can save you money.
With every claim-free year, your no-claim reward goes on increasing. You can utilize your no-claim bonus to get discounts on the renewal of your policy or when taking out a new policy.
So, always remember to apply for a no-claim bonus if you wish to get regular discounts from your insurance provider to save money.

5. Drive an Economic Car

Cars that fall on the higher end of the price spectrum have a much higher premium. These cars have high maintenance costs and that is why most insurance companies ask for a big sum for the premium.
On the other hand, economical cars like Honda, Accord, Corolla, Nissan Tiida, etc., attract a much lower insurance premium. By getting insurance for such vehicles you can save a lot on insurance premiums.

6. Increase Your Deductibles

A deductible is the amount of money you pay for the damages yourself before your insurance kicks in. Once the deductible amount is paid, the rest is covered by your insurance policy.
You need to keep the deductible high since it can significantly lower the cost of your car insurance premium. You need to choose a deductible that is fully aligned with your finances. This way you will be able to save some costs on the insurance premium.

7. Review Your Coverage

Most drivers in UAE make the mistake of not reviewing their car insurance coverage before renewing the policy. Automatically renewing the policy leads to the policyholder not knowing whether they need to opt out of certain details in the policy or not.
If you review your insurance policy before renewal it allows you to request a new and lower insurance premium based on your current driving history, the age of the vehicle, and many other factors.

8. Avoid Policy Laps

Allowing your insurance policy to lapse leads to you missing out on the opportunity to use no-claim bonuses that you have gathered in the past few years. Your policy usually becomes inactive if you forget to renew it within 3 months following the expiration.
The UAE RTA grants a 13th-month grace period in which you can renew your insurance policy. You can use this time to further research cheaper issuance policies that save you a lot of costs.

Final Thoughts

These are some things you can do to save money on car insurance in UAE You need to go for a leading insurance company in UAE that customizes the right car policy which suits your needs and gives you long-term financial security and mental peace.
Having car insurance allows you to enjoy a care-free driving experience. By getting the right insurance based on the age and type of your car, you can save a lot on the premium. You can use the above-mentioned tips to make sure your car insurance saves you maximum costs while giving your more coverage.