Insurance companies in the UAE require information about your car and your driving history to calculate how much you would be required to pay for your car insurance. Aside from the type of coverage you select for your car (Third Party or Comprehensive), there are other factors that determine car insurance rates which include:
- Car value
- Year of manufacture
- Car Brand
- Place of registration
- Car Make
Car Type and Features
Insurance cover for luxury and high maintenance cars costs more considering their worth as well as the cost of their parts in the event that they need to be repaired or replaced. Some cars tend to cost less depending on their safety features, making them more “low risk” cars. Other factors that can affect your car insurance quote are:
- Whether your car is for private or public use
- Whether your car is imported or not
- Your car’s GCC specifications or market modifications
- Driver’s age and driving history
- Whether you have a No Claims Certificate
- Type of coverage selected
- Additional covers selected
- Excess or deductible
Car Insurance for High-Risk Drivers
High-risk drivers are often identified through lack of driving experience, multiple records of tickets and accidents, or a combination of those factors. Being labeled a high-risk driver would then result to higher premium rates. In some cases, some insurers could lead to a non-renewal of a policy depending on the level of risk a driver may present.
How to Get Affordable Car Insurance as a New Driver
Being a new driver can seem like a disadvantage when buying car insurance. Less experienced drivers are higher risk as the assumption is that they are more likely to be involved in accidents, which is why their insurance would cost more. However, these types of drivers can still get affordable car insurance by doing the following:
[Do Young Drivers Pay More For Insurance?]
- Consider a low-budget or secondhand car to insure under your policy. The greater the value of a car, the higher the rate of your premium will be. So, to help lower the cost of insurance as a new driver, a car with lower value will help significantly.
- Prioritize which covers to get. Being a new driver, maximum protection is ideal until you are more confident on the road. However, this does not mean you need every single cover available. You might still be a student who will only use your car to drive to school, so Oman coverage for example, would be rendered sort of useless.
- Always keep in mind that a good or clean driving history will pay off in the long run, especially when it comes to car insurance. Despite your young age, if your driving record shows that you’re a responsible driver with no claims reported or no tickets or fines, you may in fact get a better deal upon renewal.
Reducing the Cost of Your Car Insurance
There are some factors beyond your control that will affect the price of your car insurance policy. Yet, there are some steps you can take to help lower the cost over time. Be responsible: A smart driver will always pay off in the long run, such as being awarded “No Claims Certificates” and insurers seeing the lower risks you present.
[No Claims Discount and How it Works!]
- Skip add-ons which you never use: It is important to get as much coverage for your car but ticking off every available cover without really considering how useful are to you will cost you. Self-evaluation of what you need specifically will ensure that your money is well spent.
- Opt for garage repairs: By choosing to take your vehicle to a garage for repairs you could help lower your insurance/ Coverage which includes repairs at an authorized repair agency in the event of an accident usually cost more.
How to Avail Discounts on Your Car Insurance
Normally, your insurer should offer applicable discounts to you. In the event that they do not, you can ask about what discounts may apply to your policy. Researching beforehand and compiling a list of discounts would be a good start. One of the most common discounts you can get is a No Claims discount, which you should be eligible for if you have a No Claims Certificate, or proof of making zero claims with your insurer in the past.
