Who doesn’t like saving Money? We’re all looking for that elusive discount or promo code to save us a few Dirhams. But for some necessities you need to shell out a particular amount, even if it upsets your budget. If you are a UAE resident, then you would agree that car insurance policy is one such expense.
Not only is it mandatory by law, but it can also be very expensive. Monthly premiums can’t be skipped. If you do, you risk running fines or being uninsured when a crisis strikes. Sometimes it gets daunting to find the best car insurance policy that’s affordable, yet suits all your requirements.
Keep these tips in mind when buying new car insurance in Dubai. You’ll be able to save some money and can come back and thank us later. Our tips on getting cheap car insurance in Dubai will help you navigate the insurance market.
Quick Tips for Cheap Car Insurance in Dubai
Think before you buy your car
As soon as you start the insurance process, you’ll realize that a lot of factors decide your premium. These factors include – your age, where you live, and how many drivers experience on the road etc. It also includes your vehicle – whether it is brand new, expensive, and luxury cars, as a rule, will hike up the premium. This is because the insurance provider takes the market value of the vehicle. Brand new and luxury cars have a higher market value and will cost more to repair in case of damage. Hence, they have a higher premium.
If you want to avoid high premiums and get cheap car insurance, it would be best to buy something more economical. Family cars are considered high value for money. Second-hand cars are also a good investment. Because their market value is lower, you can get cheaper car insurance on them.
Conduct independent comparison for cheap car insurance
If you go to the source of the insurance policy, you’re highly unlikely to get an unbiased review. Insurance providers are keen to keep their public appeal up. They carefully curate their online presence, so you only hear good things about them.
To get the most unbiased view, you need independent platforms where you can compare policies and companies and read genuine customer reviews. The best thing about online insurance comparison platforms is that you can often find competitive rates and discounts. So, if you’re on the search for cheap car insurance in the UAE you need to get online.
Get what you need from cheap car insurance
We all want cheap car insurance? But at what cost? You don’t want to compromise on coverage. Therefore, we recommend you draw up a list of must-haves like – what do you need in your car insurance, what can’t you live without etc.
Once you have your necessities in hand, it’ll be tough to get swayed by the multiple random car insurance options available in the market. Buying cheap car insurance is like shopping for groceries. It would help if you went on a full stomach and with a shopping list to stay within budget.
Put your car to good use
As we mentioned before, much of your premium depends on your car and how you use it. If you’re going to be racking up mileage throughout the insurance term, you can expect a higher premium. In the end, it is all about the risk involved.
Cars dedicated to domestic activities are low risk because they hardly get out of the house for long periods. But vehicles used for regular and lengthy commutes are considered high risk. They are almost always on the road and bound to get more wear and tear.
To get cheap car insurance, you need to keep your mileage in check. Only use your vehicle for out-of-city travel. Use local transport and car-hailing apps frequently to help reduce your premium.
Higher Excess/Deductible for Cheap Car Insurance
A sure-shot way to get your premium to plummet is to get a higher excess or deductible. Essentially, this means that you pay a certain amount out-of-pocket in case damage is incurred. A lot of people think – why should I pay from my pocket when I have already taken car insurance?
Having a high excess means you pay less for insurance. You still get all the coverage, but it doesn’t cost as much. Instead, you cover a part of the cost in case of damage. This is great for low-risk drivers who hardly take their vehicles out or are very careful on the road. If you have a clean driving history and are hardly ever involved in an accident, you should seriously consider higher excess.
In continuation with the above point of high deductibles, you can be a model citizen by getting cheap car insurance. When assessing risk, a major factor that decides the charge of the premium are you. If you have a bad driving history, it’s unlikely you’ll get cheap car insurance. Low-risk model citizens get better insurance premiums. So, if you want cheap car insurance, you must follow traffic rules.
Be Upfront About Discounts
If you don’t ask, you’ll never know. That should be your motto when shopping for cheap car insurance. When in doubt, ask. Ask about better coverage, about discounts and offers, and all other details. The team of insurance service providers is there to help you and resolve your queries.
Third-Party Liability Insurance
If all else fails, you can always opt for third-party liability insurance. It’s the most basic form of insurance in the UAE and costs a fraction of comprehensive car insurance. Third party car insurance doesn’t cover your car for damages at all. But you can opt for theft and fire coverage. Add that to your policy for a bit more coverage at a comparatively lower cost.
And there you have it. You can get cheap car insurance in Dubai for sure. Just follow the above, and you’ll soon
Source: – BuyAnyInsurance