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A Guide to Car Insurance in Dubai for Expats

Expats in Dubai often run into problems with their insurance plans in Dubai, mostly because they take an ill-informed and hasty decision or simply don’t read or discuss the terms in detail while buying the insurance policy. Some simply ask their car dealers or banks to buy the insurance plan for them but pay the price when they get into an accident. For expats, car insurance is very important considering the fact the rate of accidents in Dubai is among the highest per capita in the world. Most expats think that the insurance in Dubai is the same as insurance in their country, but when they learn about the differences in insurance plans, it is already too late.

Other than facing the problem when they run into an accident, some expats are very poorly insured which adds to risk while some are over-insured and pay hefty yearly premiums. To make sure to find the beneficial cost effective insurance plans, it is important for expats to explore the car insurance plans in detail on their own or seek advice from the professional consultants and financial advisors.

As the UAE government strives to create a modern financial system and additional benefits for expats, there are tons of car insurance plans on the offer with some amazing discounts and benefits but to get the most out of these plans, you need to explore and compare each of them.

In Dubai, the market of expats-owned insurers is now larger than the share of national insurers. This is why you can find tailored and customized car insurance plans designed to lure expats. Here are some points to consider for expats before buying the car insurance plan.

If your car is new and expensive, make sure to choose comprehensive insurance plan over third party insurance.

Instead of focusing on the lowest premiums, make sure to explore the benefits and the value you are getting for your money. For example, if you own an expensive car but buys a third party insurance that covers damages done to the other person’s car, this may result in huge financial burden in case of an accident as you have to pay for your own repairs.

Be truthful when providing the information. In case you are found misleading the insurer, the claim will be denied.

Make sure to learn about all the additional benefits like replacement cars, Off-road service, etc. Also, learn about additional discounts like no claim benefits.

Read more about car insurance services from AFIA Insurance

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AFIA Insurance Brokerage Services L.L.C. registration no. 85, under United Arab Emirates Insurance Authority