Factors Effecting The Cost Of Motor Insurance In Dubai

Factors Effecting the Cost of Motor Insurance

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Factors 

The cost of your car insurance is mainly depended up on two factors: 

Vehicle Factors

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Driver Factors

Knowing what affects your rate can help you make a more informed decision when purchasing insurance, and can help you know exactly what to do to lower your expenses.

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Vehicle Factors Car insurance company can collect the information on your vehicle to determine how much you need to pay for insurance. 

Year The insurance rate for your car can vary with the car year. Though the repair costs of an older vehicle are similar to the costs of a newer vehicle.

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Make The car company manufactures of your car can also affect the cost of your car insurance. The insurance cost will get increased as the luxury of the car company increases.

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Model The latest the model of your car, the more will be the insurance cost. The base model four door is often the cheapest way to go not only when purchasing the vehicle but also when you go to purchase insurance.

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Safety Features Safety features such as airbags, automatic seat belts, and traction control etc are mainly looked into while estimating the cost of your car insurance.

The insurance rate will be lower if your car is having these above features.

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Driver Factors The driver factor’s include: 

Age of the driver

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Driving record

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Financial stability

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Paying for car insurance is a major part of the cost of owning a car, so anything you can do to lower the rate is beneficial for your budget.

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Before purchasing a car insurance, gather car insurance Dubai quote as many as possible and compare them.

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Conclusion 

Insurance companies can run reports to obtain your personal information using your driver license number, birth date, address, and social security number.

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After all these valuation only the cost of the car insurance is estimated.

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For car insurance in Dubai, visit: http://www.tameen.ae/en/for-individuals/motorinsurance/car-insurance