Car insurance is a significant financial cost each year, however legally you cannot drive a car without holding the required insurance. Although, it is possible to compare quotes to ensure you benefit from the cheapest price for the cover you need.
How much will my car insurance cost?
There are many factors that determine the cost of your car policy, from the type of vehicle you drive and your age to your previous driving history. There are many car insurance providers operating in the UAE, with every company calculating the risk of your cover differently. The cost of your car insurance is personal to you, so it is always worth comparing insurers to find the best deal for your specific requirements.
Do not automatically renew your car insurance
Although it may seem easy to accept the automatic renewal quote from your current car insurance provider, you should never accept the price without comparing other alternatives. The price may end up being the best deal available, however, you will never know unless you compare other providers quotes.
In many cases, when you choose to accept the auto-renewal you end up paying an additional amount for the convenience of this. Over the years, this amount can significantly add up and you could save hundreds by comparing and switching to the cheapest deal every year.
Pay for your insurance annually
When you find the best deal, you will be given the option to pay via monthly instalments or with a single monthly payment. Although monthly payments can be beneficial if you are unable to cover the full cost upfront, you will pay additional interest for the privilege.
Consider multi-car insurance for your household
If your household owns more than one car, you may be able to secure a cheaper quote by insuring every car under a single policy. There are some insurers that will allow you to combine multiple car insurance policies, which is likely to work out cheaper than separate covers.
Increase your excess
If you are willing to pay more of an excess charge in the event of a claim, you may be able to secure lower premiums. However, it is important to ensure that you are able to cover the required excess charge.
Compare car insurance quotes today!
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