Tips for Getting Car Insurance in Dubai and the UAE

With around 11 car insurers in the UAE, motor insurance is easy to get and most of the major insurance companies are well represented in the Gulf region. AXA Gulf is probably the best known for car insurance in Dubai; they have been in the region for many years and offer a comprehensive range of insurance policies, not just for motor vehicles. However, they’re not your only option. RAK Insurance, RSA UAE, AIG UAE, Zurich Insurance UAE and Oman Insurance Company are just a few of the available options.

There are 2 types of insurance cover available – Comprehensive cover and Third Party Liability cover. Comprehensive cover offers complete protection in the case of accidents, whether it was your fault or not, along with a raft of other options which may include, depending upon the insurer:

Personal Accident, Injury and Passenger cover: this cover provides you with the option to make sure both yourself and your passengers are covered in the event of injury during an accident involving the insured vehicle. Usually this is an additional cost on top of the basic cover. Examples include Emergency Medical Expenses, which includes cover for up to an agreed sum if medical treatment is needed as the result of an accident and Personal Effects coverage for loss or damage up to an agreed sum if the damage or loss to the vehicle is the result of fire, lightning or external explosion.

Agency Repair: this policy covers repairs on the vehicle but is often only available on new cars, in which case it is possible to get cover of between 2 to 5 years, or cars that are up to 2 and 3 years old. In most instances the cover is usually only available until the car reaches 5 years of age regardless.

Off road and GCC (Gulf Cooperation Council) cover: if you intend to do some desert or off-road driving it’s a good idea to make sure you have a car insurance policy that covers this as well.

Excess fee: if you cause an accident the excess fee is what you pay over and above your cover when the vehicle is repaired.

Additional benefits: some other types of cover that may be included either as standard or as optional extras include a replacement car if your car is being repaired, Road Side Assistance including towing to an authorised repairer / service centre if it breaks down and jump starting in the event of a flat battery and so on.

The other type of car insurance is Third Party Liability cover, which only provides cover for the other vehicle if you cause an accident. Any damage caused to your own vehicle is your responsibility to fix. This policy is most commonly taken out with older cars that do not qualify for comprehensive cover.

Applying for car insurance in Dubai and the UAE

When applying for car insurance you will need information like the car’s make, model, engine and chassis number. Most insurance companies now offer an online service so you can research the best policies to suit your requirements and budget. It may end up being a lot more convenient however to use an online service that does all the research for you and then presents you with a few of the best options based on your circumstances as provided to them. 8keyz has a no-hassle 3 step online process available on their website to make the whole insurance process fast, easy and efficient.

Top Six Ways to Lower Your Motorcycle Insurance Premium

There are many great things about owning a motorcycle – the adrenaline rushes, riding down the highway with wind whipping through your hair… and also enjoying the economical side of owning a motorbike vs. cars and trucks. However, motorcycle insurance rates can be quite high since motorcyclists are more vulnerable to injury and accidents than car drivers. Then, there’s the insurance bill; insurance requirements vary from state to state and therefore premiums can be affected by a variety of risk factors including but not limited to age, location, speeding ticket record, and the motorcycle’s horsepower. Generally, a mid-range insurance policy for customers in their mid-40s who are married and own property go for about $250 – $700 yearly. However if you’re young, say 21 years old, and have previous records of tickets, you’re going to be paying a lot more.

Fortunately, there are ways to reduce your premiums and get an affordable insurance rate. Here are six ways to lower your motorcycle insurance quote, which may allow you to cut your premium costs by 20%-50%. The most economical formula goes a little like this: Your insurance bill will be cheaper the older you are, the longer you’ve been riding, the better your driving record, the less flashy and speedy your bike is, and the less expensive and risky it is to cover damages in your driving vicinity. Still, there are steps you can take to lower the premium at least.

1. Completing a safety course: Most insurance companies offer incentives for completing a motorcycle safety course. Visit the Motorcycle Safety Foundation’s Website, which offers a searchable database of course locations near you. If you are under 25 years old and have a less-than-stellar record will benefit the most from these discounts.

2. Responsibility really counts. If you have no infractions on your driving record – whether it is motorcycle or auto, you’re more than likely to get a lower rate. For example, Progressive offers a 5% discount for those who wish to renew their policy and did not post a claim during the previous term.

3. Adequate storage space: Storing your motorbike in a garage or installing an anti-theft system can protect your valuable asset and cut down your insurance bill. It’s worth asking for.

4. Consolidating your policy: Oftentimes, the more vehicles under one policy, the better. If your car and motorcycle are covered under one policy, you may get a discount. Take Geico for example, which offers 10% discounts for those who have more than one motorcycle, or transferring to Geico from another insurer.

5. Remember that cheapest is not always the best. Liability insurance, which provides coverage for damages done by another driver, is cheaper, but becomes even more of a liability with motorcycle than with autos. If you are at fault and you don’t have adequate comprehensive coverage, you could be left out in the cold. Extra insurance is always a good idea, especially if your motorcycle is expensive and especially valuable with all the add-ons: leather saddlebags, mirrors, expensive tires, chrome covers, etc.

6. Discounts vary through the seasons, but make sure it’s worth the risk. Many insurers offer coverage that can be suspended for a period of time. For example, customers may put their bike away for the winter months, and accident-related insurance is put on hold, while coverage for things like theft, fire, and vandalism is still retained. Still, if you decide to take your bike out on an unexpectedly nice and warm Saturday in December, it might not be worth the risk. Again, shop around, and evaluate which plan is worth the discount.

Cheap motorcycle insurance may be deceiving, so make sure you read exactly what is being covered, and keep in mind there are many factors that determine your rate. Also, the basic requirements of coverage vary by state, so it’s best to look at Texas Motorcycle quotes specifically. Ride Safe, my friends!

FAQs About Motorcycle Insurance

Motorcycle insurance is one of the biggest costs involved in riding your motorcycle. Whether your ride is a scooter or a sports bike it’s best to get the best value insurance policy that covers everything you need.

What determines the cost of motorcycle insurance

Your personal details

In the insurance business, age is a common determinant for risk. Male riders under 25 are considered the most likely to file claim, whereas female and older riders are more likely to receive lower premiums. Occupation may also come into play in factoring premiums, depending on whether the coverage compensates you for time missed at work.

Where you live

A big influence on the cost of your car insurance is where you live. The chance of your car being broken into or stolen is a key concern for the insurer. More urban areas traditionally facing greater risk of theft and therefore tend to be more expensive than countryside locations.

The type of bike you own

The type of bike you own can greatly affect your insurance premium. Naturally, a more expensive bike will cost an insurer more to fix or replace. Motorbikes with better engines and faster speeds will represent a greater risk for collision as well as damage caused by an accident.

Older model bikes may require more maintenance and difficulty securing repair parts. For motorbikes older than 20 years, it would be wise to seek an insurer that specialises in classic bikes and cars.

Who else will be riding the bike

Adding another rider to the policy will affect the overall cost. Adding an experienced motorist will generally lower your premium. Conversely, adding a younger individual may escalate costs.

As each insurance company weighs these factors differently, you will find fluctuations in the prices you are quoted. Cheaper rates most likely find your situation more amenable to their particular risk formula.

Usage of the bike

The more often you ride your bike, the more likely you will be involved in an accident. Moreover, bikes that are used for commuting represent a greater risk than those ridden for pleasure, due to the difference in traffic. Residents living in high traffic postcodes may also experience higher insurance costs.

Storage and security measures

Theft represents another concern for insurance companies when calculating premiums. Alarms or anti-theft devices such as an immobiliser, bike lock, or ground anchor can mitigate this risk. In some cases, an insurer might recommend a specific brand or anti-theft device to their consumers.

Parking your bike in a garage can further alleviate theft concerns. Insurance companies will also factor in the crime rate in your postcode before settling on a quote.

Previous claims or convictions

Riders who have made previous claims or suffered motoring convictions present a greater risk to insurers. If you fall into one of these categories, it may be best to seek a company that specialises in insuring convicted riders

Your excess

The excess is the amount of any claim that your insurer will expect you to cover. For example, your riding your bike and you have an accident your bike now needs repairs worth £1000 and your excess is £100, you’ll have to pay £100 and your insurer will pay the remainder.

The more cost you are willing to absorb, the lower your premium. Having a high excess is ideal for riders who travel infrequently or on less busy roads. Those who commute daily may want a lower excess in order to file a claim for minor accidents. This, in turn, will elevate the cost of insurance.

No Claims Discount

Save up your no claims discount by avoiding making small claims upon your policy. After a set number of years, 4 or 5 typically, you’ll often be offered the option to pay an additional small premium to protect your no claims bonus. This can prove very helpful if you subsequently end up having an accident.

Advanced driving skills

By taking an advanced driving course you may also be able to reduce your premiums. The Institute for Advanced Motorists and the Royal Society for Prevention of Accidents each offer membership which provides you with discounts for both the cost of driving courses and your car insurance premiums. Two key variables NOT within the policyholder’s control

Consolidating policies

By insuring a number of vehicles with the same insurer, or by trying to take out home and life insurance through your car insurer, you may be able to secure a ‘bulk buy’ discount.

One final piece of advice

A large percentage of insurance is now sold on the Internet. That’s because it’s convenient and cheap. Many insurers now give a further 10%-15% discount if you buy online.

Level of cover

Third party

This covers the policy holder against damage to a third party’s property or to the third party themselves. Third party only bike insurance cover is usually a cheap motorcycle insurance policy compared to Third Party Fire and Theft or Comprehensive motorcycle insurance.

For example, if you have an accident with another vehicle and it is your fault then the Third Party Only policy will pay for the repair to that other vehicle, and will pay for any medical claims or injuries suffered by the occupant(s) of the other vehicle and your pillion rider. A Third Party Only bike insurance policy will not pay for the costs of repairing your own vehicle nor will it pay anything toward your medical expenses if you are injured. In addition, if your vehicle is stolen or is set on fire, a Third Party Only policy will not make any payment toward the theft or repair of the vehicle.

Third Party Fire & Theft

This is exactly the same as the Third Party Only motorcycle insurance policy, set out above, however a Third Party Fire and Theft UK motorcycle policy will pay out in the event that your vehicle is stolen or is set on fire.

Fully Comprehensive

A Fully comprehensive UK motorcycle insurance policy will pay-out for third party damages and injuries, will pay-out in the event of your vehicle being stolen or set on fire, and will also pay for any damage to your own motorcycle regardless of whose fault the accident was.