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Car Insurance Renewal – A Guide

Written by Sahar

Car Insurance Renewal - A Guide

Have you received any emails reminding you your car insurance is up for renewal? Is this your first time getting a car insurance renewal? Nothing to worry about. This is a standard procedure that is practised at the end of every insurance cycle.

Usually, car insurance is eligible for a period of twelve months. However, motor insurance laws are a little different in the UAE. They require that policyholders be given a period of thirteen months, as opposed to the regular twelve. This includes the one month grace period granted by insurance companies to policyholders to renew their insurance.

This grace period is awarded so policyholders can do a little assessment of their past year with the current policy. Car insurance is an open market and there are many offers out there. Buyers like to use this grace period to determine if their current policy is still working in their interest.

However, if you’re satisfied with your policy, here are the steps you can take for car insurance renewal.

The Documents Needed

Quite similarly to the process of getting insurance in the first place, you will require certain documents to renew the policy as well. These documents are:

  1. Passport copy
  2. Visa copy
  3. Emirates ID
  4. UAE driving license
  5. Car registration details
  6. Insurance policy number

Armed with these documents it should be easy to renew your car insurance.

Will the Premium Remain the Same?

Whether your premium remains the same, or changes depends on a lot of things. Buyers aren’t the only ones reviewing policies at the time of renewal. Insurance providers are also looking at policies up for renewal. One factor that could add to your premium cost is the number of claims you’ve made in the past year. A sketchy motor history will not endear the insurance provider to your policy. You might be viewed as too risky to insure. This will lead to a higher premium at the time of renewal.

One way you can bring the premium down is by changing a few things in the policy. You can trim the fat by getting rid of a few add-ons you didn’t use during the year. Similarly, you can opt for a higher deductible to bring down your premium. Another great measure which won’t require you to scale down your policy is the No-Claims Bonus.

The No-Claims Certificate

We mentioned before that insurance providers review policies before car insurance renewal as well. This is not entirely a bad thing. Sure, they find risk factors increase for some policyholders and increase the premium. However, they also find policyholders who have made no claims in the entire duration of their policy. Where risky policies are reprimanded with a higher premium, low-risk policies are rewarded with the no-claims bonus.

A no-claims bonus helps provide a discount on your premium. It is also valuable if you want to switch insurance policies. Your new insurance provider will hold the no-claims certificate in esteem and provide you with a discount on your projected premium.


What About My Cover?

Car insurance renewal is a great tie to really take a look at your policy. Not just the big picture but also the small print. You need to take a step back and evaluate the policy and see if it matches your current needs, as opposed to the needs of the previous year.

Circumstances change within a year. So when your car insurance is up for renewal see if your car requires the same cover. Comprehensive coverage is great for new and expensive cars. Older models, however, don’t require such extravagant cover. If your car is an accident away from being completely written off, it would make sense to change your cover to third-party liability with a personal accident cover instead.

Changing or Switching Policies Instead

Car insurance renewal is a great opportunity to take another look at the market. When you intend to buy a new vehicle you don’t just buy a brand new version of the same old model. You explore better options. Similarly, conducting a bit of car insurance comparison online should be the first thing you do.

Websites like BuyAnyInsurance.com are a great platform for comparing car insurance. You can get better deals, save up to 30% on your premium, and get better customer service.

Sticking by your old insurance provider might seem like a safe bet, but is it really in your best interest. Sure, it’s easy, and convenient. But what about the world of opportunity you’re missing out on just because you choose convenience? Convenience could cost you a lot of money.

At the end of the day, car insurance renewal doesn’t take too much time. But you should still use the grace period as an opportunity. Take an online survey, do a little comparison, search for seasonal discounts. Who knows, you might end up with something better, and much more fulfilling than you had before.

A list of further readings

  1. Car Rental Insurance – Things You Should Know About
  2. Cheapest Car Insurance Options in Dubai: How to avail them?
  3. How To Rent a Car for World Expo 2020 Dubai
  4. 7 Errors That Cancel Claims on Car Insurance
  5. What exactly do Insurance Brokers in Dubai do?
  6. Expo 2020 Dubai – Rental Car Insurance in the UAE
  7. How does a motor insurance calculator work?
  8. 10 Ways to Lower Car Insurance Quotes
  9. Why Buying Car Insurance Online is the Best Option in the UAE?
  10. All you want to know about motor vehicle insurance in the UAE
  11. Buyers Guideline for Car Insurance in the UAE
  12. Potential Problems Of Having A Bundled Policy
  13. Register Your Car in Dubai
  14. Which is the Best Automobile Service in Abu Dhabi?
  15. Fight Car Insurance Fraud
  16. Why Buying Car Insurance Online is the Best Option in the UAE?
  17. All you want to know about motor vehicle insurance in the UAE
  18. Buyers Guideline for Car Insurance in the UAE
  19. Potential Problems Of Having A Bundled Policy
  20. Register Your Car in Dubai
  21. Which is the Best Automobile Service in Abu Dhabi?
  22. Fight Car Insurance Fraud
  23. Your Checklist For Getting Car Insurance In The UAE
  24. Driving Without Car Insurance? Things That Could Go Wrong
  25. Don’t Pay Your Fines Until 2020 And Get Insured Faster
  26. Wash Your Car Or Be Fined
  27. Do I Buy My Car Insurance From A Dealer Or A Comparison Site?
  28. How to transfer your drivers licence?
  29. 3 Pros and Cons of Importing a Car to the Emirates

Originally published Oct 20, 2019 11:35:41 AM, updated Jan 06, 2020

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