How to Save AED 1,000+ on Your Car Insurance Renewal

Car insurance renewal coming up? If you have compared providers but found all the other companies more expensive than your current one, you might have missed an important factor: the no claims discount (NCD). Having an NCD could save you AED 1,000+ when you renew your insurance policy. To provide proof of your claim free driving history, you will need something called a no claims certificate.

What is a no claims certificate?

A no claims certificate is a letter issued by your current insurance provider showing the number of years for which no claims were filed against your policy. Minor claims, such as windshield damage, typically do not count against your no claims record. This is because windshield damage from a rock or a bird is not an indication of your safety as a driver.

Why do I need one?

For each “no claims” or “claim free” year, most insurers reduce the premium for the following year. This is because the driver is proving his or her track record of safe driving to the insurance company, making him or her less risky to insure.

If you provide an insurance company with a no claims certificate, they will automatically see you as a safe, less risky driver, which means that you get the best rates when shopping for car insurance quotes. In fact, you may even be able to bag a significant discount of up to 20-25%! So, let’s say you managed to accrue 2 years of claim-free driving. You could save up to 25% off the annual premium for comprehensive insurance. This could amount to AED 2,000 – 3,000 if you have a 2014 Toyota Land Cruiser, a popular SUV in the UAE. Insurance companies are usually happy to give significant discounts for claim-free driving because it is a way for them to acquire new customers who are proven reliable drivers.

How do I obtain a no claims certificate?

This will be issued by your current insurance provider – make sure you know what your company’s policy for issuing no claims letter is and, to be on the safe side, file your request for the no claims letter at least a week in advance of the expiry date of your car insurance policy.

Keep in mind that submitting a request for a no claims letter implies that you are shopping around for another insurance provider. If you are lucky, they might offer you a lower rate on the spot to retain your business. In the worst case, they will attempt to slow down the process for you by taking ages to issue the no claims letter, and some companies may also charge you a fee for issuing it.

Choosing a new car insurance policy may prove to be an overwhelming task, and it is always advisable to compare the quotes offered by different companies before selecting one. ServiceMarket simplifies the whole process for you – just tell us about your car and driving history and we will immediately provide you with quotes from the most competitive and reliable car insurance companies. You can even purchase your car insurance online.

Virtually the only way to beat your current provider’s rate is through an NCD. So get your no claims certificate and start shopping around!

Need more tips on how to save money on your car insurance? Be sure to read ‘6 tips to pay less for your car insurance’.

16 thoughts on “How to Save AED 1,000+ on Your Car Insurance Renewal

  • Avatar
    April 12, 2017 at 2:45 pm
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    I am looking for car insurance
    Detail 2013 model
    No claims
    Looking for agency

    Reply
  • Avatar
    March 21, 2017 at 3:30 pm
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    My car model is 2011.can I get comprehensive insurance?

    Reply
    • Avatar
      March 28, 2017 at 12:54 pm
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      Hi Syed,
      Yes, we can find you quotes for your car, provided your car is GCC spec. Please enter your details on our car insurance page to compare quotes and purchase your car insurance policy.
      Thanks,
      Emilene

      Reply
  • Avatar
    March 3, 2017 at 12:09 pm
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    Its a 2010 land cruiser prado,kindly let me have a comprehensive insurance quote for renewal please.
    Regards,
    John

    Reply
    • Avatar
      March 9, 2017 at 11:56 am
      Permalink

      Hi John,
      Please enter your details on our car insurance page. You will be able to compare quotes from multiple car insurance companies and you can also purchase the policy directly online. Please let us know if we can help with this.
      Thanks,
      Emilene

      Reply
  • Avatar
    March 2, 2017 at 7:59 am
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    i am on a visit visa. Can I drive my daughters car with a valid uae license.

    Reply
    • Avatar
      March 9, 2017 at 12:02 pm
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      Hi Alexander,
      If you have a valid UAE driving license then you can drive your daughters car (provided her car is insured and registered), even if you are currently on a visit visa. I would recommend that you double check this with the RTA and her insurance company, but it should not be an issue.
      Thanks,
      Emilene

      Reply
  • Avatar
    March 2, 2017 at 7:56 am
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    Hi, i am cancelling my residence visa and will be coming back on a visit visa. I will also be transfering my car on my sons name. Can i drive in the uae on a visit visa with holding a valid uae license

    Reply
    • Avatar
      March 9, 2017 at 12:04 pm
      Permalink

      Hi Alexander,
      This is usually fine. As long as you have a valid UAE driving license, or an international driving license that is valid in the UAE, then you can drive any insured and registered car in the UAE. Please confirm this with the RTA and your insurance company to be on the safe side.
      Thanks,
      Emilene

      Reply
  • Avatar
    February 9, 2017 at 5:50 am
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    hello my car insurance renewal is in march. so kindly suggest me what will be the best to do for me

    Reply
    • Avatar
      February 14, 2017 at 8:16 am
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      Hi Ali,
      You can enter your details on our website (https://servicemarket.com/en/dubai/car-insurance) in order to compare multiple car insurance policies. If you need any help with this, just let our customer service team know – they would be happy to guide you through the process. You will be able to purchase your selected policy instantly on the website.
      Thanks,
      Emilene

      Reply
  • Avatar
    October 15, 2016 at 7:52 am
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    I need to renew my car I nsurance it’s Kia cerato 2015 please advice me for compeatative rate.

    Reply
    • Avatar
      October 17, 2016 at 5:24 am
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      Hi Zahid,

      Enter your details on ServiceMarket to view and compare competitive quotes from multiple car insurance companies. We are also currently running a promotion on all car insurance policies – you can use the Promo Code “MOVESOUQ5” to get a 5% discount on your insurance! Once you have selected your car insurance policy, you can purchase it online and get your policy within the hour.

      Thanks,
      Emilene

      Reply
  • Avatar
    September 20, 2016 at 5:28 pm
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    I am looking for my car insurance renewel. There us no claims for current year. Please advise urgently.

    Reply
    • Avatar
      September 21, 2016 at 11:13 am
      Permalink

      Hi Ranjan,

      You will be able to see competitive quotes from car insurance companies on our website. Simply enter your details to get the best car insurance deals.

      Thanks,
      Emilene

      Reply

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