5 Factors to know while taking car insurance in Dubai

Dubai is one of the busiest cities with increased vehicle lovers including both luxury and ordinary cars. The demand of insuring the vehicle has also risen with this although by law in UAE everyone should insure their vehicle. Car insurance has been a tough field co competition in UAE. So for a person in need, don’t have to stray around. Even though people own insurance, they are unaware of many elaborations dealing with the insurance plans. This makes them suffer when they finally go for accident claim.

Thus a smart decision is choosing the best plan that fits one’s budget.

1. Types of car insurances in Dubai

Car insurance is of two types in UAE. They are third party liability cover and comprehensive cover.

• Third party liability cover

This is an insurance policy that covers the bare minimum requirement. This plan covers for injuries and damages that are inflicted to other party. For the policy owner will not be benefited from this. The outcome is very cheap and affordable plan for the customer.

• Comprehensive cover

Comprehensive cover involves complete protection in case of accidents, whether it was your fault or not along with other raft depending upon the insurer. This plan doesn’t stops here as it includes fire, theft and personal accidents.

2. Documents required for a newbie

The paperwork is the main thing that has to be sorted out primarily to attain a policy. Main documents required are

1) Copy of drivers license

2) Copy of vehicle registration number ( Proforma invoice ,if it is a new car)

3) Copy of visa and passport page.

The traffic department of UAE seeks a 13-month insurance certificate each time you register or renew a vehicle registration.

3. Insurance covers

• Personal accident, passenger and injury cover

This insurance policy covers the car owner along with all the passengers who got injured in the accident that involved the insured vehicle. This requires additional cost on top of basic cover.

• Agency repair

This is mostly targeted to new cars or 2 to 3 years old where the cover ends before the cars reaches 5 years.

• Off road and GCC cover

If you are crazy about off road or desert driving, do check your policy is including this as well.

• Excess fee

Excess fee above your cover is paid when a vehicle is repaired such as towing, breakdown.

4. Premium calculation

Everyone is not equally treated when it comes to premium. There are number of factors that determine premium calculation. They are

1) Driver’s age: The insurance premiums tend to be high if the driver’s age is below thirty.

2) Price of the car: Costlier cars incur pricy premiums.

3) Car specifications: A New car with a lot of safety features will have lower premiums

4) Driver’s experience: The more experienced the driver, the less will be the premium.

5) Off-road Coverage: If you want off-road coverage for your vehicle, it adds to the price.

6) GCC coverage: When you are in a GCC country, you can opt for GCC coverage, though premium prices will go up.

7) Breakdown coverage: Price will even rise when we opt for breakdown.

5. Renewal requirements

1) Passport

2) Visa copy

3) Emirates ID

4) UAE driving license

5) Car registration details

If you are opting for a new insurance company from your current one, you can present a “no claims’ certificate to the new insurance provider to get discounts on the annual premium.

Oman insurance company is the leading insurance provider in Dubai who offers excellent policies.