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Being a resident of the UAE vehicles play a major role in their day-to-day life. Car Insurance premiums thus is a necessary expense that consumes a huge chunk of the common man's savings especially that of the expatriate population.

Here are a few ways to save premiums on car insurance: 

Drive Responsibly

The best way to enjoy savings on car insurance premiums is to drive safely and responsibly. That's right! If you have no previous records of harsh drivings, fines, or accidents, the insurance provider would gladly reward you with a premium discount. This is commonly called a non-claim bonus. Non-claim bonuses can usually range from 5 to 25 percent depending on the number of years the premium holder enjoys a clean sheet. Contact your insurance provider to take advantage of the same.

Increase Deductibles

Another most common method used by policyholders to reduce policy premiums is by increasing deductibles. Deductibles constitute the amount that the policyholder will remain liable to pay at the time of an accident.

An important aspect to be considered while increasing deductibles is that the policyholder should be able to afford it at the time of the accident. The cost of repairing cars nowadays is very high hence this might put you in a debt trap. The right balance between affordability and premium savings needs to be identified while fixing the deductible amount in the insurance policy.

Use Insurance Aggregator Service

One of the best ways to maximize savings on car insurance in UAE is by the use of online insurance aggregator services. Insurance companies in UAE demonstrate high competitiveness when offering insurance products to their consumers. As a consumer, you can take advantage of the same. Instead of browsing through each insurance company and comparing their product offerings, it is way easier to go into an insurance aggregator website like Policyhouse.com and compare the policies.

By comparing different insurance companies the customers can clearly understand the similarities and differences of each product and choose the one that fits you the best. This way the policyholders can choose the insurance product within his/her payment capacity, saving him/her a lot of money.

Keep a Check on Add-ons

When you buy car insurance in Dubai it is very important to read and understand the scope of the insurance policy. If the insurance does not cover a certain aspect that you wish to cover, always check for add-ons to make up for the same.

There may be unnecessary add-ons that the insurer might bundle to the existing service, this might steeply increase the insurance premium, in such cases ask the insurance provider to uncheck/delete the same. By keeping a check on add-ons the policyholder can get the desired insurance product at the best price available in the market.

Bundle Insurance Products

Bundling of insurance products is the process of buying multiple insurance products from a single insurance provider. It can be either bundling of different types of insurance products like health with car insurance, or life insurance along with health and car insurance, to name a few. It can also be buying multiple insurances of the same category like buying multiple car insurances, health insurances, and so on. By bundling insurance products the customer can request premium discounts from the insurer for which the insurer would be more than happy to comply.

It is very important to note that the very purpose of buying insurance is to secure the policyholder from an unaccepted financial shock. It is thus very important not to dilute the very essence of the insurance policy as it might in such circumstances fail to serve its purpose.