Ramon Peñas / The National
Ramon Peñas / The National

Your Money blog: 6 tips to help you save money on your car insurance in the UAE

If your UAE car insurance renewal is coming up, then reassess your policy to ensure you are not spending more than you have to.

This is more relevant now as the UAE’s Insurance Authority implemented a new set of car insurance regulations on January 1. While the key changes – detailed in the infographic above – are generally positive for drivers, insurance premiums will go up as a result. For example, while it was previously possible to get a comprehensive policy for a sedan or SUV starting from Dh1,050, the new rules have set minimum comprehensive rates at Dh1,300 for sedans and Dh2,000 for SUVs.

All is not lost though. You can save a significant amount on your policy by following a few simple steps. The National has teamed up with the online home services marketplace, ServiceMarket.com, to bring you six tips on how to save money on your motor insurance in the Emirates.

1. Get multiple quotes and compare

You can save up to 50 per cent by getting quotes from different car insurance providers and comparing policies. Policies bought through car dealerships or banks can sometimes be more expensive so it’s a good idea to check your options. After all, no one insurance company has the best deals for all customers. Most insurance providers cater to a certain segment of customers and cars, so it is important to find the policy that best suits you.

2. Leverage your no claims discount

Your driving history plays a big role in determining how much you have to pay for your car insurance policy. If you are a careful driver and get a no claims certificate from your current insurance provider to prove this, then you can get a better rate when you renew your car insurance. “You can save 5 to 20 per cent by providing a no claims discount (NCD) certificate at the time of renewal,” says Emre Guclu, head of insurance at ServiceMarket.com. “For a 2015 BMW 528i worth Dh140,000, insurance providers could quote Dh3,700 if you don’t have an NCD, but with a three-year NCD they would reduce it to Dh3,300.”

3. Consider add-ons carefully

For each add-on you include in your policy, you will typically have to pay a higher premium. Adds on options include off-road coverage, roadside assistance, agency repairing services, coverage across the GCC, rental car, personal accident cover and personal accident cover for passengers. Consider each add-on carefully before topping up your cover. For example, if you only drive in the UAE and don’t take part in off-road activities, then you might want to drop GCC and off-road coverage.

4. Get an accurate estimate of the car’s value

Many make the mistake of overestimating the value of their car and end up paying a higher premium than they have to. Depending on the policy’s wording, an insurer might not be obliged to pay the full declared value (in case of a total loss accident) if it is found to be above market average. To get an accurate estimate of your car’s worth, browse classified sites or get a quote from a dealer. Most cars face an annual depreciation of around 15-20 per cent depending on the model. Pick a low but accurate value to save money while also ensuring the car is covered.

5. Increase your excess

You can reduce the cost of your policy by increasing the insurance excess, which is the amount you will have to pay towards any claim. “If you have confidence in your driving abilities, you should select a higher excess,” says Mr Guclu. “The disadvantage is that smaller repairs will become more expensive for you as the customer. The benefit is that you get a better rate. If you accept a higher excess, you can also get more quotes from car insurance companies. For example, some companies will not offer a quote for coupés with standard excess, but they will provide a quote if you accept a higher excess.”

6. Buy your car insurance online

You can often get up to 10 per cent off the same car insurance policy just by buying it online via a comparison website or on the insurer’s website. To understand how the insurer calculates your quote, Mr Guclu says the premium is always equal to the car’s value multiplied by the rate. Therefore it is better to declare a lower car value since total loss accidents are comparatively rare, he adds. “Many people do not realise that for regular repairs the car’s exact declared value does not matter,” he says. So what key factors determine the rate? According to Mr Guclu, it’s the driver’s age and experience, the car’s age, body type (coupé, SUV, etc), make and model, your no claims discount and agency repairs. Voluntary excess can also bring down the premium.


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Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent  


Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal

Rating: 2/5

Turning waste into fuel

Average amount of biofuel produced at DIC factory every month: Approximately 106,000 litres

Amount of biofuel produced from 1 litre of used cooking oil: 920ml (92%)

Time required for one full cycle of production from used cooking oil to biofuel: One day

Energy requirements for one cycle of production from 1,000 litres of used cooking oil:
▪ Electricity - 1.1904 units
▪ Water- 31 litres
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Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

The Specs

Engine: 1.6-litre 4-cylinder petrol
Power: 118hp
Torque: 149Nm
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Fast X

Director: Louis Leterrier

Stars: Vin Diesel, Michelle Rodriguez, Jason Statham, Tyrese Gibson, Ludacris, Jason Momoa, John Cena, Jordana Brewster, Nathalie Emmanuel, Sung Kang, Brie Larson, Helen Mirren and Charlize Theron

Rating: 3/5

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 


Started: July 2016

Founders: Mukesh Bansal and Ankit Nagori

Based: Bangalore, India

Sector: Health & wellness

Size: 500 employees

Investment: $250 million

Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)

Company profile

Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
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Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
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France 3
Umtiti (8'), Griezmann (29' pen), Dembele (63')

Italy 1
Bonucci (36')


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Power: 101hp
Torque: 135Nm
Transmission: Six-speed auto
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Diipa Khosla
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Getting there
Flydubai flies direct from Dubai to Tbilisi from Dh1,025 return including taxes

Tips on buying property during a pandemic

Islay Robinson, group chief executive of mortgage broker Enness Global, offers his advice on buying property in today's market.

While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.

While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar. 

Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.

Attractive investment property can be hard to find amid strong demand and heightened buyer activity. When you do find one, be prepared to move hard and fast to secure it. If you have your finances in order, this shouldn’t be an issue.

Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities. 

Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong. 

Finally, keep an eye on your currency. Whenever currency fluctuations favour foreign buyers, you can bet that demand will increase, as they act to secure what is essentially a discounted property.

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Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

Opinion has been divided as to whether organ donations from a deceased person is permissible in Islam.

The body is viewed as sacred, during and after death, thus prohibiting cremation and tattoos.

One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
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