When you purchase car insurance in Dubai, you have two options: comprehensive and third party liability insurance. But why do these two types of car insurance exist, and what’s the difference between them? Keep reading to find out.
Comprehensives: What are they?
Comprehensive insurance covers loss of car, theft, and any damages that occur to the vehicle. The costs for this type of insurance are higher than third-party insurance because it covers more.
How comprehensive insurance works
Comprehensive insurance provides coverage for damages and losses that occur due to things beyond your control, like collisions with other vehicles, damage from natural disasters and vandalism. The cost of comprehensive car insurance will be determined by factors such as the value of the vehicle, the number of years you’ve had your license and how old you are. If a driver is willing to pay more for comprehensive car insurance, it may be worth it since this type of coverage can cover all damages that may not be covered by third party coverage.
Do you need it?
Comprehensive insurance is more expensive, but it also pays for damages that are not related to the collision. If you have a newer car, then comprehensive might be a better choice. However, if you have an older car and you can’t afford comprehensive insurance, then third party is still a good option.
How does third party car insurance work?
Third party insurance is the cheapest option. In the event that you cause an accident, your insurer will not cover any damages to your car, but it will pay for any damages caused to a third-party’s car. If you’re insured under this scheme and are found liable for an accident, you won’t be able to recover any costs from the other driver’s insurer either.
What does third party insurance cover?
Third-party insurance will cover your liability for any damage done to other people and their property, but not to your own vehicle. This is cheaper than comprehensive insurance, which is more expensive because it also covers damage to your own vehicle. If you have comprehensive insurance and cause damage to another person’s car, they would need to prove that you were negligent in order to claim on the policy.
Which one should you get and why should you choose us?
Deciding between comprehensive and third party car insurance is a difficult decision. Choosing the right one for you will depend on your driving habits, the cost of ownership, and how much you need to insure your vehicle. We recommend that you consider what is most important to you when making this decision. Keep reading below for more information about these two options.
Third party car insurance – This type of insurance covers liability but not damage to the vehicle.
Key Insurers we represent.
Gulf General Insurance Company is an authorized company to offer third party and comprehensive insurance policies. Gulf General is one of the leading insurance companies in the UAE with more than 30 years of experience. We provide a wide range of insurance products, including car, medical and home insurance. Our team of experts can help you find the right protection for your family at a competitive price.
