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How To Choose The Right Car Insurance Policy In UAE?

Written by Wasim

Choosing the right car insurance plan is not difficult, you just need to understand your insurance requirements and the market dynamics. When looking to buy a car, one would spend a great deal of time online researching before making an actual purchase. However, that is not the same as car insurance.

It is established that due diligence is not inclined when selecting a suitable car insurance plan. In fact, most drivers do not even want to purchase car insurance. They regard it as a futile investment. After all, insurance is the only thing that you buy and hope never to use. The importance of purchasing insurance only comes to play in the event of an accident. Unfortunately fretting will not help at that time, which is why it is prudent to get insured now. Let’s take a look at some of the essential factors to consider when choosing a car insurance plan.

  1. Policy Selection

    There are two significant types of car insurance policies, third party and comprehensive. It’s either cover for your car or cover for the damage your car causes or both. The one that you choose comes down to your specific requirements. Basic third party insurance is very affordable which is great but a comprehensive cover is the best.

  2. Comprehensive Vs Third Party

    A comprehensive insurance plan will keep your vehicle safeguarded. It will also cover your expenses in situations of accidental fire, robbery, animal collisions, weather damage, flood damages among many others. Comprehensive insurance does not only provide cover for both you and third party, should an incident occur. It covers your emergency medical expenses. It also covers the loss of or damage to any personal belongings in the insured vehicle. The policy even provides a replacement car while yours is being repaired.
    Still, even with some of the great deals out there, comprehensive insurance does come with a higher price tag. So if your budget won’t quite stretch it may be worth considering a third party plan option. Third party is the minimum level of coverage required by law. It protects you from the costs of damage your car causes to someone else’s car. However, it does not extend to any damage your car suffers in the event of an accident or an uninsured incident.

  3. Terms and Conditions

    If you understand insurance policies, then you probably know that it’s not as complicated as it seems. The exclusions, terms, and conditions in fine print and also loaded with jargon often confuse people. Hence comprehending the conditions attached is even more complicated.
    However, it’s not that intricate; basically, the terms and conditions refer to understanding what benefits does the policy offer? Can they be deducted or added?. How long does one have to wait before filing a claim and the documents needed? This is all relevant because, in the event of an accident, panic is the first thing that sets in swiftly followed by ‘how much is it going to cost me.’

  4. Take Home Tips

    To relieve the stress that comes with the financial unknown, note down the key benefits that come with your policy. For instance, dent repair work, medical expenses, windscreen damage, among others and pop it in your glove compartment for future reference. Let’s say you got involved into an accident to make a claim you will need a police report that is presented to your insurer.
    Ultimately it is the insurer’s job to make sure that your needs are taken care of so do not be afraid to ask them questions. Do not be afraid to switch insurance providers if you are not happy with the services rendered, you deserve the right car insurance. Before signing on to any policy, it is essential to do comparisons. That is the only way you can determine if you are not being short-changed and if you are getting the right car insurance.


Originally published Jun 26, 2019 17:11:28 PM, updated Mar 14, 2021

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