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Vehicle insurance is essential to vehicle owners in Dubai and the UAE to protect themselves and others while on the road. Learning more about various policies available will allow people to make more informed choices regarding their coverage options.
Types of Vehicle Insurance Policies in Dubai and UAE
In the UAE, there are primarily two types of vehicle insurance policies: Comprehensive Insurance and Third Party Insurance.
Insurance Policy for Comprehensive Coverage in Dubai, UAE
Full insurance, also called motor comprehensive insurance or full coverage insurance, is an all-inclusive package of safety for vehicle owners that covers any damage to their vehicle due to theft, fire and road accidents. The insurance also pays for the damages caused to a third party in case of a vehicle accident.
Insurance buyers should check with their insurance provider if the comprehensive package includes passenger injury.
Basic benefits and additional coverage of comprehensive coverage
- Replacement of a vehicle in the event of a total loss (vehicle older than 6 months)
- Repair your vehicle yourself
- Repair of third-party vehicle damage
- Dent repair (without paint dent removal)
- Replacement door lock in case keys are lost
- Natural disasters
- Vandalism
- Damage to the windshield or glass
- Fire
- Animals that are injured by being hit
- Floodwaters
- Towing and roadside assistance
- GCC cover (outside UAE)
- Refund of Personal Items or Amount
- Medical cover
Insurance Packages Excluded
- Your vehicle’s depreciation
- Wear and tear
- Failures due to mechanical or electrical breakdown
- Tire damage
- Driving without a license
- Alcohol and driving
- Unscrupulous use of vehicles
- Overloading
The Third Party Insurance Policy is available in Dubai, UAE
Third-party motor insurance covers damage caused by your vehicle to someone else. It does not cover damages done to your vehicle .
A person purchasing third-party insurance is responsible for repairing his/hervehicle at their own expense.
Documents Required for third party insurance policy in Dubai and UAE
- Driving License Photocopy
- Emirates ID Copy
- Registration card for vehicles
- Purchase invoice for vehicle
What is No Claim bonus in Dubai and UAE?
The “no claim bonus” is a kind of reward given to motorists who do not make any claims (accident/damage). No claims for a year could result in a driver receiving 7% off their next insurance purchase.
What is the best way to select an insurance policy?
Consider your needs and expectations as you consider buying Vehicle insurance in Dubai and the UAE.
We suggest that if your vehicle is old (used), you buy third party insurance, which costs around AED 700. However, if it’s a luxury or zero-kilometer vehicle you should purchase comprehensive insurance (full coverage) because in the event of an accident or damage the parts or repairs for the new vehicles will be costly.
If you have a full coverage insurance policy, the company will repair or replace everything.
AXA Insurance
AXA Insurance should be at the top of any list when it comes to the best auto insurance companies in Dubai or the UAE. AXA Insurance has been dominating Gulf insurance markets for over six decades. It is now a popular choice among people. AXA Insurance is different from other insurance companies because it offers a wide range of customized plans and add-ons. Its claim-filing and tracking process is what makes the company stand out. AXA offers discounts of up to 10% when purchasing vehicle insurance.
AXA Insurance Benefits
- AXA Prestige and Perfect plans include AED 5 Million for Third Party Coverage. AXA Prestige includes AED 3.5 Million.
- All plan holders can get emergency roadside assistance 24 hours a day, 7 days a week.
- Perfect Windscreen Damage Waiver – Coverage up to AED 5, 000 (Prestige).
- Coverage for personal injury up to AED 20,000.
- Add-ons: Personal accident coverage for drivers, personal injury cover for passengers
- All plans include 24 hour breakdown and accident recovery
- AXA’s Perfect Plans offer up to five years of agency repairs (optional). AXA Prestige Plans include five years.
Oman Insurance
Oman Insurance is a reliable auto insurance provider. Oman Insurance has its head office in Dubai, but operates across all emirates, including the Sultanate of Oman and Qatar. It also boasts a network of more than 15 branches. You can select from different vehicle insurance policies based on budget and requirements.
Oman Insurance Benefits
- There are several options for vehicle insurance: comprehensive insurance, third party insurance, InsureMyTesla, (a plan tailored to Tesla owners) and High Networth motor cover, (for luxury cars).
- Starts at AED 3000 for windscreen covers
- The third-party cover is AED 350,000 for Comprehensive Liability and Third Party Covers. AED 5,000,000 covers InsureMyTesla, High Net Worth Vehicle Cover and the Third-Party Cover.
- All plan holders can get emergency roadside assistance 24 hours a day, 7 days a week.
- Personal Injury Cover AED 30000
- Repairs by the agency – 3 years for comprehensive and third party plans and up to 5 years, with an option of extension (for InsureMyTesla or High Net Worth Motor Cover).
- Expanding geographically – UAE, Oman and Qatar (as well as High Net Worth Motor Covers).
Watania Insurance
Watania Insurance is known for the fastest claims settlements. In addition to two comprehensive insurance plans and a third-party plan, Watania has recently introduced Watania Plus which includes Mulkia registration and discounts on international driving licenses.
Union Insurance
The Union offers motorists the opportunity to purchase and renew their insurance online. Special benefits include: air reward points for five years, replacement of agency repairs, 24-hour roadside assistance and ambulance services.
Aman Insurance
Aman (Dubai Islamic Insurance and Reinsurance Co.), a company that offers insurance for both private and commercial vehicles, provides many benefits including free 24/7 roadside help, coverage for injuries and deaths to driver and passenger, vehicle replacement at a very affordable price, and third-party liability protection for unlimited amounts.
