Car insurance renewal is as important as getting new insurance. This renewal is your responsibility because the first time you buy a car, your dealer helps you in getting the documentation for the car insurance.
However, from the second time, it becomes your responsibility to find the correct options for yourself. For this purpose, you have many options such as insurance companies, RTA’s customer service centers or car registration agents.
Therefore, if you have started receiving alerts from your insurance provider about the renewal, then you should start working towards this target.
We have listed the process along with other factors that will tell you how to renew the car insurance in the right way.
Documents needed for the Car Insurance Renewal Process
An advantage that you have in UAE is that the Traffic Police Department will give you a penalty-free one month time to renew your insurance plan. It is better to start researching once your provider starts sending you the reminders.
These reminders are usually sent sometime before the period ends, therefore, you have enough time to research for the right option.
Once the research is completed, you need some documents to begin the process. These documents include:
- You need an insurance certificate for your Motor vehicle
- Your old registration card
- You will receive a passed car certificate. This what you get when your vehicle passes the car evaluation test.
Therefore, make a checklist of all the essential documents to accelerate the renewal process.
Process of your Car Insurance Renewal
You have to follow the following process if you go along with the renewal process.
- You have to pay the pending fines firstly.
- In order to have an evaluation of your car, you can visit any traffic department in Dubai.
- You have to pay the fees that are required for this purpose.
- If your car is not financed by any bank, you have to form a clearance certificate from a bank.
- You have to get the registration card whose validity is 1 year.
- You have to place the sticker that you get at the time of renewal over your old sticker.
Now that we have laid out the process for you, there are some things that you have to consider while getting the car insurance.
Is your Previous Insurance Provider the best Option?
Many people think that the provider that they have provided them the current insurance policy is the best option for renewal. Although this might be true many times, this is not always true.
You should take your time before selecting the right option because there are so many options that might work best for you.
How is your new Car Insurance Premium Calculated?
There are different factors that the insurance providers will consider while calculating your premium, especially in your car insurance renewal.
These factors include years of driving experience, your age, a record of traffic fines, the age, value and type of the vehicle, etc., your driving history.
This premium will also be calculated by determining the extent of coverage that you have chosen and its type.
There is a No Claims Discount as well. It will be applied if in the case that you haven’t had an accident in the year in which you make the claim.
Thus, you will get a lower premium price depending on the years that you go by not having an accident.
Final Thoughts
You should consider all these factors while renewing the car insurance if you want to do it the right way.