Tag: compare car insurance

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Car Insurance

Top tips for young drivers in the UAE

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If you are a young driver in the UAE and have recently passed your test, you may find the process of choosing your car insurance overwhelming, but it doesn’t have to be. Below we outline some top tips for young drivers to help you get the insurance quotes online you need at the best price possible.

1. Choose the right cover

While it may be tempting to opt for less insurance coverage, if you would be unable to replace your car if it was involved in an accident, then it is advisable to select a fully comprehensive insurance policy. This will ensure, no matter what scenario you may be involved in, e.g. a traffic collision or an act of vandalism, you will have the cover you need.

2. Prove you are a low-risk driver

As a new driver, the best way to prove to insurance companies that you are not a risk is by driving as safely as possible. In your second year as a newly-approved driver, you will be able to significantly lower your insurance quote if you have not made any claims or been involved in any accidents.

3. Carefully select your vehicle

Vehicles with expensive customisations, such as alloy wheels or powerful engines, are more expensive to insure. This is due to the fact it is more expensive for insurance companies to repair or replace them. While it may be tempting to choose an expensive model as your first car, it is better value to choose a car that meets your needs and does not have unnecessary customisations.

4. Compare car insurance online

The best and most effective way to ensure you select the right insurance policy at the best price possible as a young driver is to compare car insurance online. This will ensure you are receiving the best value for the cover you need and will prevent you from having to contact multiple insurance providers individually for a car insurance quote which can be time-consuming.

If you are a young driver looking for car insurance in the UAE, visit Compare Insurance today. We can help you find the cover you need effortlessly.

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Car Insurance

How often should you shop around for your car insurance?

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Shopping for car insurance is something few people look forward to and even fewer enjoy, and as such most of us are guilty of finding a policy and just sticking with it. The truth is, however, there are always better options out there if you’re willing to regularly shop around.

Just a little effort can save you money on your car insurance quotes.

Don’t get complacent with your coverage

Car insurance companies often presume that their customers won’t be shopping around for deals, they figure if the policy works for them, they won’t want to change it. That means they can stop giving you ongoing incentives and benefits for your loyalty, and a much better deal might be available.pa

If you regularly compare car insurance quotes, you’ll see that you could save a lot of money. All insurance companies want to encourage new customers, so the benefits of signing up with a new coverage provider will likely be better than you’ll get being a loyal customer with your existing one.

How often should you switch?

There’s no right or wrong answer, but there’s no reason for you not to be shopping around every time your policy comes up for renewal – for most that will be on an annual basis.

When you see your policy is a month or so away from expiring, begin shopping around. It’s easy when you use a dedicated insurance comparison website like Compare Insurance. In just a few clicks you can put in your details and get back quotes from a range of top UAE car insurance providers.

The thing to remember is that you might not even need to switch to a new provider, you can always renew your current policy. If you let your current car insurance company know you are actively shopping around and you have found a better deal, they might offer you some enticing benefits to keep your business. If they don’t, switching is easy.

Keep actively looking and save money

The key to saving money on your car insurance is not to become complacent, make the providers work for your business by regularly using the Compare Insurance comparison tools.

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Car Insurance

What factors can affect your car insurance premium?

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The cost of vehicle insurance is calculated using a range of factors relating to your demographics, policy details and driving history. Let’s take a closer look at some of the variables impacting your car insurance quotes below.

Age and gender

According to figures released by the Ministry of Interior (MOI) in 2019, 45 per cent of all road accidents in the UAE are caused by young drivers. Statistically, male teens have more car accidents than their young female drivers, resulting in young men incurring higher insurance rates. However, discounted rates are usually available for certain age groups, with many companies dropping their premiums by as much as 20% when drivers turn 25.

Typically, those between the ages of 30 and 69 are considered less likely to crash, therefore representing a lower risk to insurers. However, elderly drivers pose a similar risk to teens, which is reflected in the insurance rates for individuals in their 70s. Older men are also more likely to incur higher premiums compared to elderly women.

Location

Insurers typically start by asking where you live. If you live in a highly-populated area, you are considered more likely to make an insurance claim due to the increased risk of getting into a car accident. Not all companies will use your location as a deciding factor, but if they do, they may take into account the number of vandalism cases in your area, the number of fraudulent claims made and the likelihood of damaging weather.

Driving record

The amount you’re required to pay will directly correlate with your driving history, including all claims, accidents, convictions and tickets. If you have previous claims on your record, you’re considered more likely to make another claim, although these will become less important over time if you avoid getting any further tickets and accumulate a few years on your no claims bonus.

Annual mileage

The less you drive, the less risk you have of being in an accident, so it’s important that you do your best to estimate how many miles you drive each year. If you’re expecting the number of miles you drive to go down, let your insurance company know – this could save you a lot of money.

To find out more about the factors impacting your insurance quotes, contact us at Compare Car Insurance today.

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Categories
Car Insurance

4 reasons you should compare auto insurance online

If you have recently purchased a new vehicle, or you need to renew existing car insurance, many people believe the easiest thing to do is renew the policy they currently have or choose to use the first insurance company they come across. While this may seem like the most convenient option, if you choose to compare car insurance online instead, you could save a significant amount financially. Below we explore 4 reasons to compare auto insurance online…

1. Car insurance companies frequently change their rates

You may feel confident that a company you have researched in the past have the best insurance rates. Whilst this might have been true at one point, car insurance providers frequently change their rates. For this reason, you should always compare insurance rates online to check and see which company is offering the best deal.

2. New insurance companies are established all the time

If you haven’t compared insurance policies in over six months, you may be surprised to find multiple new insurance companies offering enticing deals. New insurance companies want to build up their client base quickly and can often offer the best insurance policies for this reason.

3. Your credit report may have improved

If you have consistently been paying a mortgage or loan on time, or have been working on keeping a healthier bank balance, you may have successfully improved your credit report. If you were able to improve your credit report, you may be eligible for a better auto insurance policy. For this reason, it is always better to compare insurance rates than to simple renew an existing policy.

4. Your car may have decreased in value

The moment you leave a dealership with a vehicle it decreases in value. Equally, after a few years of owning and regularly driving a vehicle, it will lower in value. If your vehicle is no longer worth the same amount, you should not be paying the same insurance premium. Comparing deals online ensures you are paying the right insurance for your vehicle.

If you live in the UAE, never drive around uninsured and think you could benefit from comparing auto insurance online, visit Compare Insurance today!