When it comes to buying Motor Insurance in Dubai, one could quickly get confused, seeing the wide variety of options available. It is pretty easy to choose one from such a wide range of options, but it may be difficult for many to choose the best motor insurance amidst so many options available. Merely comparing the policies of companies available online may not be enough; you will need to do a lot of research or even consult some experts to find the best insurance company and the best insurance policy that suits your need.
In this article, I will provide some tips about finding the best motor insurance policy that fits your requirements and give information about the best insurance companies for Dubai in 2020.
As per RTA law, motor vehicle insurance is mandatory in Dubai and all over the UAE. Having your vehicle insured is always helpful in the worst-case scenario. Nobody ever hopes to use his/her motor insurance, but what if you have to use it at any point in time. In that case, you have to make sure that you had bought the best and the most reliable insurance policy that will cover up all damages and secure your financial needs. Here are a few tips that will help you choose the best motor insurance policy suitable for your requirements.
- Be clear with your selection of insurance type. There are two types of motor vehicle insurance – Comprehensive Insurance and Third Party Insurance. Comprehensive Insurance covers own damage as well as third party damage, while Third Party Insurance covers only third party damage. You should be specific with what type of insurance will be suitable for you before buying one. It depends on many factors such as traffic conditions, travel duration per day, road conditions, your driving skills, your vehicle’s physical and engine condition, etc. Calculate the risk factors and chances of meeting with an accident before purchasing your insurance policy.
- Compare policies of different companies along with the additional rider covers that they provide. Never purchase your insurance policy just by seeing the premium amount. Always look for extra rider cover benefits that you might avail of along with your primary policy. Additional rider covers have features like accident benefits for passengers and the driver, medical expense cover after an accident, towing facility in the event of an accident, etc. These features might come up to be very handy in the event of an accident.
- Check quotes of as many companies as possible. Many insurance companies in Dubai provide motor vehicle insurance. Compare their quotes and select your policy from that company which has a good claim settlement ratio. Having motor insurance can save you from legal complications. Still, in the event of an accident, a policy taken from a good company with an easy and effective claim settlement process can prove to be very useful. Some of the best insurance companies for Dubai with high claim settlement ratios are AIG Car Insurance, Al Fujairah National Insurance Company, Noor Takaful, Orient Insurance Company, Tokio Marine Motor Insurance, Gargash Insurance, Salama Takaful Insurance, and Abu Dhabi National Takaful Co.
I hope the article has cleared many of your doubts regarding Motor Insurance in Dubai. Please revisit this blog to find posts like this in the future. Thank You very much for reading.