Useful Tips on Motor Insurance in UAE

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Useful Tips on Motor Insurance in UAE

Postby Fire-Starter on 29 Sep 2010 20:45

1. There are plenty of insurance companies in the UAE but ask around your friends & family members for their personal advises & experiances. Majority of the time, insurance companies are very friendly when they want your money than actually at the time of claim.
2. There are alot of cars which are difficult to insure, find out if you can get it insured first before buying one. Mostly, these are the cars which are involved in high number of accidents. As everybone knows, sports/luxury cars are expensive to get insured.
3. The older you are, the cheaper the insurance quote will get but only till a certain age.
4. Drivers under 25, males, will find insurance more expensive.
5. If you are married your quote will be slightly cheaper than unmarried people.
6. Also if you own a house your insurance will be much cheaper.
7. Cars older than 5 years may be difficult to get comprehensive insurance.
8. If you ever had any conviction or any accidents in the past that will have a big effect on the increased amount of your quote.
9. Some insurance companies do not insure cars when driven off-road. For example, parking your vehicle on the sand behind the building.
10.Drinking & Driving they do not go together. Thats not me thats what the insurance companies say. In most of the places it is a crime to do so. Moreover, the 200,000 dhs blood money you have to pay if someone dies.
11.A car cannot be registered until it's insured. A car can be insured without being registered.

There are 3 or 4 motor vehicle insurance types:

    TPFT (Third Party, Fire & Theft) which is the legal minimum you are required to have - and is the cheapest. In an accident, your insurance company will not pay for damage to your own car - someone else's might if they're to blame.
    Comprehensive or Fully Comprehensive (basic level) - there is a legal obligation for insurance companies to provide this at a certain maximum price level of about 3-5% of the value of the car. It covers damage to your own car but expect lots of restrictions and loopholes or get-out clauses.
    Comprehensive with options - for extra cost you get options like dealer repair, free hire car, free insurance in Oman and other GCC countries, recognition of no claims bonuses (either UAE and/or from overseas). Expect to pay 3-10% of the value of the car depending on company and no claims bonus.
    Comprehensive, premium level - for even more money you get options similar to previous level. Usually there are some restrictions on who can buy this level of insurance. Expect to pay an extra 1 or 2% of the value of the car.

* Three famous UAE motor insurance companies (also for boats, yachts and motorcycles) are
o Al Ittihad Al Watani General Insurance Company, Al Garhood Center, Deira, tel +971-4-2823266. Websites are unhelpful - and each tell you to visit the other one.
o AXA (was previously called Norwich Union) - tel +971-4-3243434, in the Wafi Residence Ground Floor.
o RSA Group (rebranded from Royal & Sun Alliance) - toll-free in UAE 800-RSA (800-772) (also tel +971-4-3348820 or +971-4-3344474)
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