Younger drivers, between the ages of 18 and 25 years are often quoted a higher rate for car insurance as they are seen as higher risk drivers with less experience on the road. In 2019, almost half of the road accidents in the UAE were caused by drivers under the age of 30. Drivers living and working in Dubai are required to be covered by car insurance, third-party coverage being the minimum amount of coverage a driver should have. It has been found that insurance companies quote younger drivers up to 25% more than average, making their premiums higher and often unaffordable.

How can I save money on my car insurance?

There are various ways to save money on your car insurance if you are a young driver. The first would be to decide on the type of insurance you are looking for, whether it is comprehensive or third-party coverage, bearing in mind that a third-party insurance plan only covers the other vehicle in an accident and not your own. Getting comprehensive insurance may save you money in the long run as this covers your own vehicle, possessions and any other vehicles involved in an accident, ensuring that you do not have to pay for these expenses out of pocket.

Ideal plan

Once you have decided on your ideal plan, you can compare what different car insurance companies offer, take the time to compare coverage and cost from an array of different car insurance companies. Some car insurance companies take advantage of younger drivers who do not know what to expect when it comes to car insurance and the average costs of this.

Good Behaviour

Driving well and practicing good behavior on the road can also help to reduce your premiums. If you have not claimed an accident over the past 12 months of your insurance policy, you can request that your insurer reduces your rates when renewing your insurance plan for the following year.

Named or additional driver

Adding a named or additional driver who is older than 30 and is a more experienced driver to your car insurance plan has also been found to reduce rates. Insurance companies are also open to reducing your premiums if you increase your agreed excess payments. Increasing your excess is something that should be considered with caution, if you cannot afford the amount of excess to pay, you might find yourself in a tricky situation later on.

Being a younger driver should not mean that you are taken advantage of when it comes to car insurance. Stay informed and compare plans across the board to find the best one that fits your needs!