When it comes to car insurance, the first and most important thing to know is that it’s mandatory by law, caught driving without it and you will be fined. The penalties for driving uninsured vehicle are getting severer every year. In order to get the cheapest auto insurance you need to know what your options are. Here follows an overview on how to get the cheap auto insurance.
There are three insurance options available these days: basic, standard and self-insurance. The basic policy is the cheapest of all but at the same time it offers much less protection that the other mentioned types of insurance policies. The basic policy can be obtained from any insurance provider licensed in the country. Here is an overview of the basic insurance policy explained with the amounts of coverage you can purchase from a car insurance company.
Body injury protection
This type of car insurance in Dubai covers you against lawsuits and claims brought by individuals that were part of an accident in which you are found at fault. Without body injury protection you will be held responsible for paying for suffering, pain, economic damages like lost wages if it’s proved that you are the direct cause for the accident. The absence of body injury protection means that your insurance won`t cover the lawyer costs to represent you if sued. Due to that almost all of your assets will be at risk, which means that some or everything you have on your account can be seized as a result of a judgment against you. This type of protection is not mandatory, but is at disposal with the basic coverage policy as a choice with $10.000 per person per accident.
Property Damage Liability
It covers you in case of a lawsuit and claim from people whose property is damaged from the accident that you caused. This is included with the basic policy and it`s set at $5.0000 per accident.
Personal Injury Protection – PIP
PIP covers your injuries as well as the injuries of others present in your automobile in the time of the accident, regardless what or who caused the accident. PIP is a requirement and is included in the basic policy as it is in the standard policy as medical insurance in Dubai. Coverage is $15.000 per accident.
It covers damages to your vehicle that happened as a direct result of an accident with another vehicle or some other object. It’s available only as an option and only with some insurers.