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Choosing a policy from many available options and applying for it can be a tedious process. But regardless of the complicated process, it's an essential for a seamless future with your car. 

Having a lot of aspects to consider before finalizing on a specific policy, you can also save a lot of money if you look beyond these general aspects and make the right decisions while you seek the right policy for your car. 

Comprehending the significance of car insurance in Dubai,  policyhouse.com has made the complex process easy for you. Here are the 11 tips to save on your car insurance.

1. Shop around

As the car insurance rates vary from company to company, it's always better to shop around before deciding on a specific insurer. Therefore, the general rule is always to obtain car insurance quotes and information at least from three different car insurance companies in Dubai.

Contacting insurance providers directly, asking your family and friends about their specific insurance providers, and getting an insurance quote online are some of the steps you can take while seeking the right car insurance.

Checking out customer ratings and complaint ratios for ensuring a company that’s committed to customer service will be a good homework and can pay off in smooth claims in the event of an accident or damages.

2. Vehicle category and Engine size

The luxurious your drive, the higher the premium of your car insurance. If you’re looking for low cost car insurance, this would be an area where you’ll need to focus on. Most luxury car insurances doesn’t get cheaper as they get older. When you’re out there buying a used car, you may keep this in mind as you may find a bargain on luxury cars. 

The size of the engine of your car will affect your insurance premium. The bigger the engine, the higher the premium. To cut down on insurance expenses, you may have to choose cars with engines that just suits your needs. 

3. Combine policies

Several car insurance companies in Dubai these days offer multi-policy discounts, while you buy two different policies from the same carrier. Therefore, if you have multiple insurance policies, it’s always better to combine them with one carrier. 

Primarily it will be an easy way to simplify your finances; dealing with one carrier is much easier than dealing with two or more. The possibility of a discount while you combine two different insurances is also worth a reason. 

With there being no particular guarantees, it's always better to do your homework and compare costs for a multi-policy discount from a single insurer with buying insurance separately from different companies.

4. Age and gender 

Age and gender have an impact on your insurance premiums. It’s assumed that if you’re younger, you stand more chances of risky driving and its potential fatalities. However, if you’re above 30, the chances of accidents comparatively slow down to unavoidable ones. 

It’s also to be noted that women drivers get into less riskier driving habits than men. Women drivers tend to get discounts and attractive offers from insurance companies. 

5. Purpose and location 

Commercial purpose vehicles get more premium than those vehicles for personal use. It is advised to carefully consider your requirements before opting for a commercial purpose vehicle where you end up doing a lot of personal driving around. 

Your location matters too. Some areas are considered to be high risk in terms of theft and robbery where the premiums also tend to be on the higher side.

6. Car insurance discounts

Many of the car insurance companies in Dubai offer several discounts to their policyholders and it’s always better to make sure if there are any such you can avail. Some car insurance companies in Dubai offer discounts to those who did not get involved in any accidents or moving violations during a specific period.

Known as ‘no-claim bonus’, it accumulates year-on-year, until it reaches the limit of 50%. This accumulated no-claim bonus can be utilized to reduce the premium by up to 50% of the payable amount.

Other major types of discounts offered by different insurance providers are Accident-free, Good student, Combining home/car, Multi-car, New Vehicle, Paperless, SmartRide, etc.

Contact your car insurance company in Dubai or car insurance provider to find out if there are additional discounts that you can obtain.

7. Driver information, occupation and history 

Insurance premiums have some correlation with the driving history of the insured. These factors include full disclosure of the driver who would use the vehicle and the history of driving. 

Some insurance companies offers discounts to professionals. 

8. Reduce coverage

As your car age, the need to insure it against damages gets reduced. So, evaluate whether it’s worth paying for coverage that may reimburse you only a small amount and cancel out the unwanted coverage.

The same applies if your annual comprehensive/collision insurance premiums are more than 10% of the current value of your car. Therefore, at the time of your car insurance policy renewals, you are required to review the coverage amount and ensure that your policy is coping up with all your requirements.

9. Increase your deductible

The deductible is the amount of money you would require to pay before insurance picks up the tab in the event of an accident, theft, or other types of damages to your car. 

Depending on your policy, you can choose a deductible while selecting a car insurance, which typically ranges from $250 to $1,000. The common notion is that the lower the deductible, the higher the annual premium and vice versa.

Ask your insurance provider how your premium might be affected if you raised your deductible. If you are reluctant to file smaller claims to avoid the risk of pushing up your premium, raising the deductible could be a sensible move.

10. Buy relevant add-ons

Insurance protects your car against losses that you cannot handle financially, and even though there are several add-ons offered by various insurance providers, most of it may not even suit your needs. Hence, always make sure to buy only the relevant add-ons.

With time, as your car gets older, most of the additional cover that you have attached with your base comprehensive plan might not even be necessary. Therefore, review your present requirements and only keep those additional covers that provide value for money or enhance your coverage level. Drop the add-ons that are no more useful for your car and yourself.

11. Compare car insurance plans

Car insurance rates vary widely from insurer to insurer, and to make sure you're getting the best rates for your car, get car insurance quotes from different companies before you choose one.

Although the plans may vary slightly, it can make all the difference in the insurance coverage and premium. 

New-age technologies and the internet have made it convenient to compare car insurance plans online. With various online portals providing information about different car insurance plans, and add ons, you can just scroll through it and figure out your specific requirements and find the best car insurance policy for yourself. 

As a streamlined approach to evaluating your ideal car insurance policy, policyhouse.com has the right tool to compare quotes of leading car insurance companies in Dubai with a side-to-side comparison. Buyers can write down their specific requirements for the policy online and create a customized policy for themselves.