Buying insurance in the UAE? Here are 8 ways to save money

Insurance providers often give you a discount if you have a credible history

Last updated: August 22, 2022 | 12:04

Justin Varghese

3 MIN READ

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Keep in mind that prices vary among companies.

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You should avail a minimum of three to four quotes from insurance companies.

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Ensure you research about different popular policies beforehand.

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It is not a good decision to buy the first policy you look at.

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Compare the different policies, be it for car or health, according to your preferences.

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Comparing different policies will make it easy to understand the best one that fits your need.

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Opt plans that are neither too cheap, nor too pricey.

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Most add-ons come with extra charges.

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When it comes to health insurance, many individuals opt for ‘cheaper’ insurance policies in Dubai.

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If your health insurance plan is not meeting your updated requirements, it might be time to switch.

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A better way out may be to get expert advice from any registered insurance provider.

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Most people renew their existing insurance policy when it expires. That may not be the wisest of moves.

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You can check other policies available in the market instead of renewing your prior one.

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On the other hand, when it comes to health insurance, always seek a top-up cover!

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A top-up health insurance plan is additional coverage that covers hospitalization costs but only after a certain limit.

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Top-up plans is a great alternative to buying a new health insurance policy altogether.

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Rather than buying an insurance policy by visiting the company in person, you can make use of online portals.

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Online websites provide exclusive discounts and benefits on the cover.

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Given that the recent pandemic, it would be an added advantage to be within the safety of your home.

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Specialized health insurance plan needs extra investment.

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The specialized hospitalisation cover will function as the security cover for your family.

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Basic covers cost less, and you can save some money on the premiums here.

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Will you be able to avail your employer’s insurance?

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Group health insurance plans also mostly covers the dependents of employees.

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There is a chance you will be charged some small amount by your employer for the health coverage.

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Utilise your no-claim bonus as car insurers provide up to 20 per cent discount on premium rates.

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No-claim bonus is one of the best ways to save huge on car insurance.

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When you opt for high deductibles on your auto insurance, you will expect to reduce your premium costs significantly.

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Increasing deductibles can be one of the best tips to save money on your car insurance in the UAE.

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