Dubizzle Motors has announced a tie up with Souqalmal.com to provide a fast, easy and reliable tool to search for, compare and buy car insurance for second-hand cars.
A combined study by dubizzle Motors and Souqalmal.com has revealed the following statistics pertaining to the UAE car insurance market:
A recent study on car insurance premiums by dubizzle Motors and Souqalmal.com revealed that 90% of imported (non-GCC spec) cars are rejected by insurance companies for comprehensive insurance. The results also highlighted that insurance premiums can vary for the same car make and model based on many factors including; depreciation of the vehicle, vehicle specifications (GCC vs. non-GCC), the age of the driver and the number of driving years.
An in-depth analysis of the car insurance policies that have been purchased through Souqalmal.com from May 2016 – March 2017 indicates that the average premium per policy was around AED 3,000 for comprehensive coverage…
For full article go to Zawya.
