Considering the increased risk of traffic accidents in the UAE, the importance of car insurance is extremely important. According to UAE law, everyone is required to have their car insurance. Taking out car insurance in the UAE covers the loss of someone else’s car or property in the event of an accident. Cheap third party car insurance in the UAE is affordable compared to other insurance policies, making it affordable for the general public. In today’s full article, we will tell you about Cheap Third Party Car Insurance in the UAE.
What is 3rd Party Car Insurance?
Third-party car insurance protects the vehicle owner from financial liability for damages caused to a 3rd party in the event of an accident. This insurance covers damage caused by your vehicle to another person’s vehicle, property, or bodily injury.
If your car gets into an accident and damages someone else’s car or property, the insurance company covers that financial loss. If a third person is injured or dies in the accident, his liability is also covered by the insurance. This policy is cheaper because it does not cover damage to your vehicle or yourself.
But if you want full coverage in case of loss, you should get comprehensive insurance. Comprehensive insurance is a bit expensive but provides complete coverage, protecting both you and the 3rd party.
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Factors Affecting Car Insurance Premiums
Several factors affect car insurance premiums in the UAE. These factors determine the cost of car insurance. First of all, the type of vehicle plays an important role. Most expensive sports cars usually have higher insurance. On the contrary, the premium is lower for small, old, and simple vehicles.
Driver’s age, experience, and driving history
Younger and less experienced drivers are considered a higher risk. This makes their premium higher. However, premiums are relatively lower for experienced and older drivers because they take less risk.
Location
If the driver has a good record with fewer accidents or claims, the premium may be lower, while premiums are higher for drivers with a history of accidents. The location in which the vehicle is used also affects the premium. For example, in big cities or emirates, where traffic is heavy and the risk of accidents is high, the premium may be higher.
Coverage options & Deductibles
The deductible is the amount that the driver will pay himself in case of an accident. This also affects the premium if the deductible is high then the premium is low and if the deductible is low then the premium is high. As such, if comprehensive insurance is taken, the premium will be higher while only third-party insurance will be cheaper.
Comparing 3rd Party Car Insurance Providers
Various insurance providers such as AXA Insurance, Oman Insurance, RSA Insurance, and ADNIC provide these services with low-cost premiums and fast claim approval. Offers additional options such as personal accident cover and fire or theft protection. Below we have presented some Comparing Third-Party Car Insurance Providers.
| Provider | Cost | Coverage |
|---|---|---|
| AXA Insurance | 700 – 1500 (AED) | Third-party liability, Property damage, Bodily injury |
| Oman Insurance | 750 -1400 (AED) | Third-party liability, legal liability for damage or injury |
| RSA Insurance | 800 – 1600 (AED) | Third-party liability for injuries and property damage |
| Orient Insurance | 850 – 1700 (AED) | Covers third-party property damage and bodily injuries |
| ADNIC Insurance | 700 – 1500 (AED) | Third-party bodily injury and property damage coverage |
| AMAN Insurance | 750 – 1400 (AED) | Covers third-party bodily injury and property damage |
| Al Fujairah National | 700 – 1400 (AED) | Covers third-party liability, property damage, bodily injury |
Tips for Finding the Best Deals
Here are some practical tips for finding cheap car insurance in the UAE:
- Get Multiple Quotes: Check quotes from different insurance providers so you can get the best deal.
- BUNDLE INSURANCE POLICIES: Combine car and home or other insurance to get discounts.
- Consider Online Providers: Online insurance companies usually offer policies at low cost.
- Negotiate discounts: Negotiate any available discounts or promotions.
- Review policy terms carefully: Pay special attention to hidden terms and additional costs.
Conclusion
Given the increased risk of traffic accidents in the UAE, the importance of car insurance is high. Third-party insurance is an affordable and legal requirement that covers the financial loss of the other party in case of an accident. It covers damage to another person’s vehicle, property, or bodily injury, but does not cover damage to your vehicle or yourself. Get multiple quotes, bundle insurance policies, consider online providers, and negotiate discounts to find affordable insurance.