Car Insurance guide for first-time Buyers

It can be overwhelming to find the right car insurance if you are buying it for the first time. The insurance prices are much higher for first time buyers. This is irrespective of the insurer's age, driving experience and other factors. In a few situations, the car owners have experienced that they have been paying more than expected for the car insurance during the first year. 

In this article, we will guide you to buy your first car insurance in the UAE so that you can have a better understanding of the process. We can assist you in saving a few dirhams while purchasing the insurance for the first time. 

• Buying car insurance first time
• First-time buyers pay more for car insurance 
• Finding cheap car insurance

Buying Car Insurance First Time

When you are purchasing car insurance for the first time it is important to have the below information handy. 

• Having personal information and car details.
• Having an online quotation or quotation from the insurance agent.
• Gathering insurance prices from different companies and comparing the quotes.

Car drivers who are purchasing insurance for the first time do not know what is required and what is not required to get the insurance quotes. The process can be challenging if you do not have a basic understanding of insurance. 

If you have information ready with you then you can go ahead and get the insurance for your car. It is best that you get insurance quotations from different insurance companies. Compare and get car insurance quotes in the UAE from at least 3 insurance companies. 

Here is the information that you need when you are getting car insurance for the first time. Apart from the personal information, you need,

• Driving license 
• Residential address 
• Date of birth 
• Occupational status 
• Marital status 
• Education details 
• History of driving

Other information such as vehicle identification number, purchase date and vehicle registration is important during this process. 

Note that Residential location, car model and driving history and some of the other factors will be significant which will impact the price of car insurance. 

First-time buyers paying more for car insurance

First-time buyers are charged more on their insurance coverage. Compared to experienced drivers the new car insurance buyers pay more, there is an assumption that first-time buyers do not have experience and that may carry an element of risk and this is one of the main reasons that first-time buyers pay more for car insurance. 

The geographical location of the buyer, demographic profile and experience are some of the other factors that play a prominent role in determining the cost of car insurance for first-time buyers. 

First-time buyers do not have enough experience driving a car. The driving experience is a key factor in determining the car insurance price. Experienced drivers pay less than the new drivers as they have more experience in driving and they carry reduced risk in making insurance claims. 

Finding Cheap Car Insurance

To find cheap car insurance, do the basic research in your location. Collect insurance quotes from all the best insurance companies. Having a good credit score will help you in getting cheap insurance. There are various online portals that will provide you with car insurance quotes online. 

Independent insurance agents can also guide you in getting cheap insurance however they may charge you for the services. They will provide you with many quotes and you can select according to your requirements the cheapest car insurance. 

Collect insurance quotes from different insurance companies and after you collect, compare them. Think and ask questions such as what is your insurance requirement, whether you need any add on services on insurance. Once you get answers to these you can go ahead and talk to the insurance agent or get the quote from the online services. 

Different insurance companies follow different methods in finding car insurance and this is the reason that insurance prices are not fixed and the same from all the insurance providers. 

Takeaway

It is important to get the right amount of insurance that you need. If you purchase more insurance than you require then you will be paying more on the insurance. You will be paying an insurance price amount that you will not use. First-time buyers of car insurance have more things to look into such as taking extra protection by getting extra coverage. Consider all these factors and get the quote from the insurance provider and buy the best insurance policy that will suit your requirements.