How to get the best deal on your Car Insurance
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Find exactly what you’re eligible for
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Top Car Insurance Scams
How To Buy Cheap Car Insurance
Cheaper does not mean better when it comes to car insurance. A cheap car insurance policy that is available at an exceptionally low premium is probably the outcome of lower insurance coverage, reduced car value or very high deductibles (policy excess).
Always question why a policy is significantly cheaper than others in the market. The answer may be in the policy wording and its terms and conditions. Rely on your own research and instead of just comparing prices, make sure you compare features and benefits too.
There is a common scam in the market. A ‘ghost broker’ will quote you a very cheap price for an insurance policy but will ask for payment in cash. He will never pay the insurance provider. That leaves you with a policy that can be downgraded to TPL or cancelled, as there is no payment proof from the provider. So, if it’s too cheap, it’s definitely too good to be true!
Offers the option to extend agency repair coverage for up to five years
Personal accident cover for driver & passengers
Provides financial compensation if the driver or passenger dies or sustains a physical injury in the event of an accident, up to AED 200,000 per person insured
Emergency medical expenses
Covers medical expenses (up to specified limit) incurred by the driver/passengers within 24 hours of an accident
Covers loss of or damage to the vehicle while being driven off road
Offers accident/breakdown recovery services including vehicle towing, battery jump start, tyre replacement etc.
Personal belongings cover
Covers loss of or damage to your personal belongings (up to specified limit), while in the insured vehicle
Replacement of locks
Covers the cost of replacing the locks in case your car keys are stolen
Extends territorial coverage to Oman, Bahrain, Saudi Arabia, Kuwait and Qatar
Specifically extends territorial coverage to Oman
New car replacement
Covers against total loss of a new vehicle less than six months old
Natural calamities cover
Covers loss of or damage to the vehicle due to storms, floods etc.
Covers the cost of paint-less dent removal
Covers the cost of repairing or replacing the windscreen if broken or damaged
Third-Party Liability or TPL Car Insurance covers you if you are at fault in an accident that injures or leads to the death of another person. It also covers you if your car damages another person’s property or public property. However, TPL insurance does NOT cover damage to your own car.
Comprehensive Car Insurance will not only cover the damage mentioned above, but it will also cover the loss or damage to your own car too. Even though a comprehensive policy may be more expensive, it makes more sense to opt for it vs. a TPL policy, so you do not end having to cover your car’s repair and replacement costs out of your own pocket.
The up-front yearly payment for car insurance is the result of regulatory requirements in the UAE. All car insurance policies issued in the country are valid for a period of 13 months. This is to accommodate for the 1-month grace period provided by the Road & Transport Authority (RTA) to renew your annual car registration.
Once you have arranged a call-back from insurance providers through Souqalmal, make sure to ask them if there is a monthly payment option available instead of the standard annual payment.
Alternatively, you can also convert the annual premium payment on your credit card into affordable monthly instalments. However, make sure you read about the interest rate, fees and charges applied by the card provider beforehand.