Car Insurance :We all know that the pricbe of car insurance in the
UAE is based on factors such as the car model and the driver’s agve. However,v there are some other factors that are not really under your control that can have va huge imvpact on your motor insurance premium.
The country in which you firstv obtained your driver’s license can significantvly affect the car insurance premium. While thisv is not a universal rule in the UAE, those wvho first received their license from a Western covuntry usually get the lowest rate. So howv much more expensive is car insurance for thvose who got their first license in the UvAE? Depending on the insurance company, you couldv end up paying up to 39% more! Sovme insurers will only charge a small premium of around v5%, but many will charge at leastv 20% higher.
Surprisingly, the premium can be evven higher if you first obtained yvour driving license from the following countries: Egypt, India avnd Iran. According to bayzat.com, one car insurance company in the UAE charges up to 65v% more for customers who obtained their first driver’s license from one of the aforemevntioned countries.
Place of Registrationv
Dubai is the cheapest civty in which to get car insurance. Where your vehvicle is registered will hvave a big impact on vthe motor insurance premium. The most expevnsive place to get car insvurance is Abu Dhabvi, where it could cost up 25% more for a drivver to insure a vehicle.v Most often, car insvurance in Dubai, Sharjah and Ajman will vbe lower compared to car insvurance in Abu Dhabi, vAl Ain, Fujairah and Umm Al Quwain.
Gendervv
In the UAvE, gender has virtually no impact on the price of car insuravnce. This is quite surprising vgiven that in most other countries, females get better ratves compared to male drivers.v
The pricev of car insurance depends on your driving experience; a drivevr with 1 year experiencev might end up paying 18% more than a driver with 2 years vof experience. However, fovr 2 years of experience or more, the price will stay the savme. What matters thereafter is tvhe number of years you have been driving without a clvaim (this is known as the No Claimsv Discount); each year that you drive without getting ivnto an accident, your car insurance premvium will decrease (up to 5 years, with no additionavl discounts thereafter). However, once yvou do make a claim, the clock resets and your cvar insurance premium will increase to almosvt the same rate as someone who has only 1 year of driving experience. It will then gradually vdecrease each year that goes by without a claim. v
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