How to save money on your car insurance?
Even though getting a car is no longer a luxury it still costs a significant amount of money to buy, use and maintain one. And if you’re in a country like the UAE, car insurance is another cost that adds to your expenses.
It’s a mandate to apply for an auto insurance policy to be able to get your car registered in the UAE. Though an expensive affair, getting your car insured will give you coverage and peace of mind, if something goes wrong. If given thought, and a little effort, there are ways to get the best car insurance UAE that is cost-effective yet offers you ample protection.
- Choosing a car
While making the decision of buying a car, keep in mind that sports cars and luxury cars are not pocket friendly when it comes to insurance. They require higher premiums, so choose a car according to your requirements.
- Estimate right
Over estimating your car’s worth will cost you higher insurance, so ensure that you have it valued correctly.
- Check your mileage
Covering a higher mileage will cost you more for insurance. Consider a car with better mileage for lower insurance premiums.
- Comparing your options
A lot of firms offer car insurance at different rates. It will benefit you well to shop around and conduct a car insurance comparison UAE. Alternatively, you can approach brokers to help you understand different offerings. Also, ask your current insurer to give you a policy renewal quote. While comparing options, ensure you are looking at policies with similar benefits for an accurate comparison.
- Pay in full
If your insurance company requires you to pay full premium amount up front, then consider doing so. Dividing and paying in installment might cost you more.