Your Money

Budget Living

Here's how you save money when buying insurance in the UAE

Don't buy the first policy you see. There may be many to choose from, so here's some tips!

Published: October 26, 2021 11:40 Justin Varghese, Your Money Editor

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How to save money when buying insurance in UAE — Keep in mind that prices vary among companies. Image Credit: Stock image

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How to save money when buying insurance in UAE — You should avail a minimum of three to four quotes from insurance companies. Image Credit: Stock image

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How to save money when buying insurance in UAE — Ensure you research about different popular policies beforehand. Image Credit: Stock image

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How to save money when buying insurance in UAE — It is not a good decision to buy the first policy you look at. Image Credit: Stock image

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How to save money when buying insurance in UAE — Compare the different policies, be it for car or health, according to your preferences. Image Credit: Stock image

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How to save money when buying insurance in UAE — Comparing different policies will make it easy to understand the best one that fits your need. Image Credit: Stock image

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How to save money when buying insurance in UAE — Opt plans that are neither too cheap, nor too pricey. Image Credit: Stock image

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How to save money when buying insurance in UAE — Most add-ons come with extra charges. Image Credit: Stock image

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How to save money when buying insurance in UAE — When it comes to health insurance, many individuals opt for ‘cheaper’ insurance policies in Dubai. Image Credit: Stock image

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How to save money when buying insurance in UAE — If your health insurance plan is not meeting your updated requirements, it might be time to switch. Image Credit: Stock image

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How to save money when buying insurance in UAE — A better way out may be to get expert advice from any registered insurance provider. Image Credit: Stock image

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How to save money when buying insurance in UAE — Most people renew their existing insurance policy when it expires. That may not be the wisest of moves. Image Credit: Stock image

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How to save money when buying insurance in UAE — You can check other policies available in the market instead of renewing your prior one. Image Credit: Stock image

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How to save money when buying insurance in UAE — On the other hand, when it comes to health insurance, always seek a top-up cover! Image Credit: Stock image

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How to save money when buying insurance in UAE — A top-up health insurance plan is additional coverage that covers hospitalization costs but only after a certain limit. Image Credit: Stock image

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How to save money when buying insurance in UAE — Top-up plans is a great alternative to buying a new health insurance policy altogether. Image Credit: Stock image

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How to save money when buying insurance in UAE — Rather than buying an insurance policy by visiting the company in person, you can make use of online portals. Image Credit: Stock image

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How to save money when buying insurance in UAE — Online websites provide exclusive discounts and benefits on the cover. Image Credit: Stock image

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How to save money when buying insurance in UAE — Given that the recent pandemic, it would be an added advantage to be within the safety of your home. Image Credit: Stock image

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How to save money when buying insurance in UAE — Specialized health insurance plan needs extra investment. Image Credit: Stock image

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How to save money when buying insurance in UAE — The specialized hospitalisation cover will function as the security cover for your family. Image Credit: Stock image

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How to save money when buying insurance in UAE — Basic covers cost less, and you can save some money on the premiums here. Image Credit: Stock image

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How to save money when buying insurance in UAE — Will you be able to avail your employer’s insurance? Image Credit: Stock image

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How to save money when buying insurance in UAE — Group health insurance plans also mostly covers the dependents of employees. Image Credit: Stock image

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How to save money when buying insurance in UAE — There is a chance you will be charged some small amount by your employer for the health coverage. Image Credit: Stock image

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How to save money when buying insurance in UAE — Utilise your no-claim bonus as car insurers provide up to 20 per cent discount on premium rates. Image Credit: Stock image

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How to save money when buying insurance in UAE — No-claim bonus is one of the best ways to save huge on car insurance. Image Credit: Stock image

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How to save money when buying insurance in UAE — When you opt for high deductibles on your auto insurance, you will expect to reduce your premium costs significantly. Image Credit: Stock image

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How to save money when buying insurance in UAE — Increasing deductibles can be one of the best tips to save money on your car insurance in the UAE. Image Credit: Stock image

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