Benefits of Third-Party Car Insurance in the UAE

Third-party liability car insurance has a bad reputation because of its features. But today we explain how third-party car insurance can be beneficial for you.

 It is the most basic form of insurance in the UAE. It protects you against any negligence you might conduct on the road and also provides for damages done to the vehicle of the other party involved in a collision. It also covers the physical injuries to the other party.

It is true that third party car insurance doesn’t provide full coverage, but it has benefits that can’t be denied. Do not delay getting third-party car insurance to keep your valuable asset safe! 

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Benefits of Third-Party Car Insurance in the UAE

• Cost effective car insurance option 

Third-party car insurance is relatively cheap as compared to other car insurance policies. Even buyers who don’t like it admit that it is comparatively the cheapest option available. In cities like Dubai, Abu Dhabi, and Ras Al-Khaimah, living standards are high. People want to save as much as they can wherever they can. So why not with motor insurance? This is a better insurance option for residents with a tight budget than the extended version.

• Right Side of the Law

You might be wondering if third party car insurance is mandatory in the UAE? Yes, car insurance is mandatory in the UAE. You can’t drive without insurance. If you do, you can face some heavy fines. Not to mention it’s downright embarrassing.

So if all you need to do is fulfill an obligation, why not do it with third-party car insurance? It is a myth that you need to buy comprehensive car insurance. You can buy the minimum policy, which is good enough in the eyes of the law.

• Learners and Teenagers Best Friend

If you are the parent of a teenager or you are learning to drive the car for the first time, then third party car insurance would work best for you. But most insurance providers won’t want to insure a vehicle they know will be driven by an inexperienced teenager. If you add your teenager to your policy, it will hike your current insurance premium.

It makes more sense to invest in an old second-hand car and get them third-party car insurance of their own. The premium will be negligible, and it might also teach them some responsibility. 

• Minimum Mileage and Set Routines

Residents who have a set routine know which road is congested at which hour and which side streets to take to avoid rash drivers. No, we’re not saying they are completely immune to risk, but they are more experienced on the roads they travel.

They know what to look out for. These routine cars require less risk and are the best candidates for third-party car insurance. When the risk is so little, it makes no sense to invest in an insurance policy that will cost a fortune.

The same principle applies to mileage. Cars that don’t have to travel much during the day incur less risk. If a house car is only used for groceries and the children’s school run, it won’t be deemed worthy of comprehensive insurance.

• Oldies Love Third-Party Car Insurance

People over the age of 65 years get a raw deal in insurance premium calculation, as with teenagers. Teenagers are considered inexperienced, hence a risk by insurance service providers. But people above the age of 65 years indeed have a lot of experience.

So what can one do in such a situation? The best way to offset the increased premium is to opt for third-party car insurance. You can lower the premium by taking the less expensive insurance policy. This way, senior citizens can still ride around with their independence unhampered and retirement plans heavy with funds for fun activities.

• Temporary Solution

The majority of the UAE’s population is expats. An immigrant workforce is temporary. Although a lot of expats would want to shift to the UAE, in a temporary setting third party car insurance works the best. It allows them to fulfill their obligation towards buying car insurance but not burn a hole in their pocket.

Third-party car insurance is a great and cost-effective insurance policy. It just needs to be understood and not dismissed out of hand. We hope our blog was informative and helped change your mind. For more on third-party car insurance, visit source: - buyanyinsurance.ae