Cheap Car Insurance Companies in UAE

Cheap Car Insurance Companies in UAE | Car insurance is a type of insurance policy that provides financial protection to vehicle owners against potential losses and damages arising from accidents, theft, or other unforeseen events involving their cars. It is a legal requirement in many countries, including the majority of states in the UAE, United States and other countries worldwide, to have at least a minimum level of car insurance coverage to operate a vehicle on public roads.

Key components of car insurance include:

  1. Liability Coverage: This is the most basic and essential component of car insurance. Liability coverage pays for bodily injury and property damage suffered by others when you, the insured driver, are at fault in an accident. It covers the medical expenses, property repair costs, and legal expenses resulting from the accident.
  2. Collision Coverage: Collision coverage provides compensation for damages to your own vehicle resulting from a collision with another vehicle or object, regardless of who is at fault in the accident.
  3. Comprehensive Coverage: Comprehensive coverage protects against non-collision-related damages to your car, such as theft, vandalism, natural disasters, falling objects, and animal collisions.
  4. Uninsured/Underinsured Motorist Coverage: This coverage steps in to protect you if you’re involved in an accident with a driver who doesn’t have sufficient insurance or no insurance at all. It covers your medical expenses and vehicle repairs when the at-fault driver lacks adequate insurance coverage.
  5. Personal Injury Protection (PIP) or Medical Payments (MedPay): PIP or MedPay coverage provides for medical expenses incurred by you and your passengers in an accident, regardless of who is at fault. It can cover medical bills, lost wages, and other related costs.

Car insurance premiums, or the amount you pay for coverage, depend on various factors, including:

  • Your driving history and experience.
  • The make, model, and age of your vehicle.
  • Your age, gender, and marital status.
  • Your location and where you primarily drive.
  • The level of coverage and deductible you choose.
  • Any additional optional coverages you add to your policy.

When purchasing car insurance, it’s essential to compare quotes from multiple insurance providers to find the best coverage that suits your needs and budget. Additionally, read the policy documents carefully to understand the terms, conditions, and exclusions of your insurance coverage.

Car insurance is not only a legal requirement but also a vital financial safety net that provides peace of mind and protects you from substantial financial losses in the event of an accident or unexpected incident involving your vehicle. Here is the list of some of best car insurance companies in UAE.

AXA Gulf/Giggulf
GIG Gulf, formerly known as AXA Gulf, holds a valid license from the UAE Insurance Authority and stands as an ‘A’ rated regional insurer. Boasting over 70 years of expertise in the insurance sector, GIG Gulf offers a diverse array of insurance products and services at competitive rates, accompanied by exemplary customer service and efficient claims handling.

Oman Insurance Company

With over 47+ years as the leading insurer in UAE, people trust us to protect what they value most, be it their families, health or possessions. From innovative online solutions to quick and efficient claim payments, they put their customers at the heart of everything they do. Financial stability, coupled with their award-winning service, makes them the insurer of choice for over 830,000 customers.

RSA Insurance

Their story began in 1956, as they embarked on their journey in the land of the Arabian Gulf. Over the years, they bore witness to the remarkable transformation of a simple port city into one of the world’s most forward-thinking nations. Continuously progressing, they became known for their innovative solutions that brought joy and uplifted the people of this magnificent country, propelling them forward to even greater heights.

Union Insurance

As of my last update in September 2021, Union Insurance is a well-established insurance company based in Dubai, United Arab Emirates. They offer a wide range of insurance products and services to individuals, families, and businesses. Union Insurance provides coverage for various needs, including motor insurance, travel insurance, home insurance, health insurance, and more.

Dubai Insurance Company

Dubai Insurance Company is a well-established insurance provider in the UAE. With a rich history and experience, the company has been serving its customers since its inception. It offers a wide range of insurance products to cater to the diverse needs of individuals and businesses in Dubai and the surrounding regions.

Abu Dhabi National Insurance Company (ADNIC)

Abu Dhabi National Insurance Company (ADNIC) is a leading insurance provider in the United Arab Emirates, specifically headquartered in Abu Dhabi. With a distinguished presence in the insurance market, ADNIC has earned a strong reputation for its reliability, financial stability, and customer-centric approach.

Watania Insurance

Watania Insurance is a well-established insurance company based in the United Arab Emirates. As one of the leading insurers in the region, Watania offers a comprehensive range of insurance products and services to individuals, businesses, and government entities.

The company focuses on providing quality insurance solutions with a strong emphasis on customer satisfaction. Watania Insurance aims to understand its clients’ unique needs and tailor insurance policies accordingly, ensuring they receive the best possible coverage.

Some of the key insurance products offered by Watania include motor insurance, health insurance, property insurance, travel insurance, marine insurance, and other specialized covers to meet various requirements.

Salama Islamic Arab Insurance Company

Salama Islamic Arab Insurance Company, commonly known as Salama Insurance, is a prominent Islamic insurance provider operating in the United Arab Emirates and other countries in the Arab region. As an Islamic insurance company, Salama adheres to Shariah principles in all its insurance products and services.

The company offers a comprehensive range of Takaful solutions to meet the insurance needs of individuals, businesses, and government entities. Some of the key insurance products provided by Salama include motor Takaful, medical Takaful, property Takaful, travel Takaful, and other specialized Takaful covers.

Takaful Emarat Insurance

Takaful Emarat Insurance, also known as Takaful Emarat, is a leading Islamic insurance company operating in the United Arab Emirates. As an Islamic insurance provider, Takaful Emarat adheres to the principles of Shariah, offering Shariah-compliant insurance products and services to individuals and businesses.

The company provides a wide range of Takaful solutions that cater to diverse insurance needs, ensuring that policyholders can protect themselves and their assets while remaining compliant with Islamic principles. Some of the key insurance products offered by Takaful Emarat include motor Takaful, health Takaful, property Takaful, travel Takaful, and various other specialized Takaful covers.

Leave a Comment