132 In the UAE, the outlook of car insurance costs is a subject of considerable significance. The financial aspect of insuring vehicles, while serving as a safeguard against unforeseen events, holds a crucial role in the decision-making process for car owners. This article delves into the factors influencing car insurance pricing in the UAE, highlighting the intricacies that contribute to the varying expenses. Factors Influencing the Premiums of Car Insurance in Dubai Based on several aspects, car insurance companies decide premiums for individuals. Some of these are age, driving history, car features and history, demographics, and much more. However, there are certain set criteria to analyse the premium of car insurance Dubai. In the next section, we have provided an approximate cost that is required to insure a new car in Dubai. https://marketmillion.com/category/crypto/ How Much Does It Cost to Insure a New Car in Dubai? Let’s start with an example! Suppose your car value is less than AED 100,000, then the base starting rate would be considered 2.5%. On the contrary, if your car value is more than AED 100,000 and less than AED 300,000, in this case, the initial base rate would be 2.35%. The base rate would be 2.2% if your car value is more than AED 300,000 and less than AED 1 million. For individuals aged 23 to 25, apply a 25% increase. For those falling within the age bracket of 25 to 30, include a 15% surcharge. If your United Arab Emirates (UAE) driver’s license is less than 1 year old (and you lack a license from your home country for at least 1 year), add 25%. For individuals aged over 30 but under 60, deduct 10%. If your vehicle is classified as a coupe or sports car, append a 20% fee. In case your vehicle’s age ranges between 3 and 5 years and you desire agency repair coverage, tack on 50%. Supplementary Personal Accident Benefit for the driver amounts to AED 120, while an additional AED 30 per passenger can be added (some insurers package this within standard coverage). For Rental Car Benefit (also often included in standard coverage), a supplemental charge of AED 180 applies. This ensures the provision of a substitute vehicle during repairs in the event of an accident. Also Read – How Much Does Car Insurance Cost in Dubai, UAE? car insuranceCar Insurance Cost in DubaiCar Insurance in Dubai 0 comment 0 FacebookTwitterPinterestEmail Uneeb Khan Uneeb Khan CEO at blogili.com. Have 4 years of experience in the websites field. Uneeb Khan is the premier and most trustworthy informer for technology, telecom, business, auto news, games review in World. previous post Breaking Down the Basics: Everything You Need to Know About 16 Lower Receivers next post Green Picture Frame Adding a Splash of Color to Your Memories Related Posts Powerful Performance: Unlocking the Potential of Rotary Screw... May 9, 2024 Toyota Seat Covers: Enhancing Comfort and Protecting Your... May 3, 2024 Enhancing Automotive Performance The Role of Fuel Mechanics... May 2, 2024 Enhancing Convenience The Rise of Mobile Mechanics in... May 2, 2024 2025 ZR1: A Glimpse into the Future of... May 1, 2024 Top 3 Light Commercial Vehicles for Small Businesses April 29, 2024 Enhancing Ride Quality The Role of a Suspension... April 29, 2024 Keeping You Charged Trust Our Alternator Replacement Mechanics... April 29, 2024 Maximizing Automotive Performance The Role of Cooling Mechanics... April 29, 2024 Role of CVs For Different Purposes: Backbone of... April 29, 2024