Car Insurance Ras Al Khaimah

UAE laws mandate that all car owners must have car insurance in the country. Driving without valid car insurance in the UAE is illegal and can lead to penalties, fines, and even impoundment of the vehicle.

With that said, having car insurance in Ajman is not only a legal requirement but also a responsible step to ensure financial protection as a car owner.

If you are new to the Emirate of Ras Al Khaimah or just bought a new car here, this article will help you efficiently understand the legal requirements of car insurance. Additionally, it will provide you with other crucial details related to car insurance in Ras Al Khaimah.

*Above mentioned prices are for Honda City EX 1.5L, 2017 model.

Types of Car Insurance in Ras Al Khaimah

In Ras Al Khaimah, insurance companies primarily provide two types of car insurance, which are the following -

Comprehensive Car Insurance

This type of auto insurance provides extensive coverage against a wide range of risks. Comprehensive car insurance covers the policyholder's own vehicle as well as third-party liabilities arising from accidents.

With comprehensive car insurance, you can also avail yourself of coverage for non-collision incidents like theft, vandalism, natural disasters, and more. It ensures financial support for repairs or replacement of your vehicle in various unforeseen circumstances.

While comprehensive coverage typically costs more than third-party plans, it offers comprehensive protection and added security on the road.

Third-Party Liability Car Insurance

Third-party liability car insurance covers the policyholder against damages or injuries caused to others by their vehicle. This type of car insurance is designed to compensate third parties for medical expenses, property damage, or legal costs resulting from the policyholder's negligence or fault in a car accident. Third-party liability car insurance provides essential coverage while being more affordable than comprehensive policies.

Benefits of Having Car Insurance in Ras Al Khaimah

There are several advantages of having car insurance in Ras Al Khaimah, which have been mentioned below -

Meets the Legal Requirement in UAE - Those residing in the UAE must necessarily have car insurance, which means you are fulfilling the country’s legal requirements. Without valid car insurance, car owners may have to face several issues, such as confiscation of their car, hefty fines, and even black points on their driving licences.
Protects You Financially - Costs related to car repairs due to accidents can certainly burn a hole in your pocket. Additionally, inflation can add up to the overall expense. Having valid Ras Al Khaimah car insurance can save you from incurring such hefty expenses.
Offers Coverage Against Theft or Loss of Vehicle - Cars are a valuable possession. Whether it is severely damaged in an accident or stolen, it can cause a significant emotional and financial impact on you. Car insurance is meant to help you in these situations. If your car gets stolen or is completely wrecked in an accident, your insurance company will provide you with compensation equivalent to the current value of your car. This can help lessen the financial burden.

Offers Protection From Third-Party Lawsuits - Risks like accidents are present when you are driving. In case you cause an accident where someone else gets injured or their property is damaged, you could end up facing a lawsuit to pay for the loss. Having car insurance is essential in such situations because it financially protects you. These insurance plans are made to cover the damages caused to others by you so that you don't have to bear the full burden of responsibility. It not only takes care of the expenses but also covers legal fees in many cases.
Availability of Riders/ Add-Ons - Ras Al Khaimah car insurance companies have certain coverages included as riders and add-ons. Riders basically are coverages that you do not have to pay for. Upon buying car insurance, they are automatically added to your policy. On the other hand, you can opt for add-ons with your basic plan by paying a small amount. Rider and add-on coverages vary for each provider. Some of the major ones offered in the UAE are off-road recovery, roadside assistance, towing service, flat tyre assistance, and so forth.

Documents Required for Buying and Renewing Car Insurance in Ras Al Khaimah

You must necessarily submit a few sets of documents and details to your provider to successfully carry out the car insurance buying process -

If your vehicle is registered in the UAE for the first time
- Chassis number
- Engine number
- Other car-related details

If your vehicle is already registered
- Registration card (Mulkiya) - all the details related to your car would automatically be retrieved from it
- Originals required for offline purchases

A copy of your Emirates ID
Driving licence and other specified documents of the driver

Note that these are the common documents asked by every insurance provider. Your respective insurer may ask for additional documents as per their requirements.

How to Buy Car Insurance in Ras Al Khaimah?

You can conveniently buy car insurance in Ras Al Khaimah through Policybazaar.ae, our digital platform. Simply follow a few simple steps to get your car insurance plan without any hassle.

For your reference, we have provided a step-by-step process of how to buy car insurance through Policybazaar UAE

Step1- On the homepage of our website, click on the ‘Insurance’ drop-down menu and select ‘Car Insurance’. Alternatively, you can click on the ‘car insurance’ icon on our homepage.
Step2- Fill out the lead form with the correct details.
Step3- Submit the form and get directed to our car insurance quotes page.
Step4- Go through the list of car insurance plans available.
Step5- Shortlist a few, compare them, and select the one that is most suitable for you.
Step6- Follow the further on-screen instructions to complete the process.

How to Find the Best and Cheap Car Insurance in Ras Al Khaimah?

To find suitable and cheap car insurance in Ras Al Khaimah, you must consider a few points to make an informed decision -

Know Your Requirements

Assessing your needs is crucial to finding the best deal on car insurance. Understanding your specific requirements allows you to tailor the coverage to fit your circumstances accurately.

Factors such as driving habits, vehicle type, budget, and others play a role in determining the most suitable policy for yourself. By evaluating these needs, you can avoid paying for unnecessary coverage or being underinsured in critical situations.

Additionally, comparing different insurance options based on your specific requirements enables you to find the most cost-effective plan without compromising on essential coverage. Taking the time to assess what you want from your insurance plan ensures that you secure the right car insurance that provides adequate protection and value for money.

Look for Multiple Providers

Each insurance company offers different coverage options, premiums, and discounts. By comparing multiple providers, you can find the most suitable policy that fits your needs and budget. Exploring various options allows you to identify additional benefits and saves money. It also gives you a better understanding of the market so that you can make an informed decision — when you are buying car insurance as well as at the time of renewal.

Check a Few Quotes

Each insurance company offers different rates and coverage options. When you compare car insurance quotes from various providers, you can find the most cost-effective policy that meets your specific needs. Obtaining multiple car insurance quotes allows you to see the range of premiums available in the market.

Know the CSR of All Shortlisted Providers

The Claim Settlement Ratio (CSR) fundamentally refers to the percentage of claims settled by an insurance company compared to the total number of claims received. A higher CSR indicates a higher likelihood of the insurance company settling claims promptly and fairly.

By considering CSR, you can ensure that you choose a car insurance provider with a strong track record of honouring claims. This ensures that you will receive the necessary financial support and assistance in case of an accident or damage to your vehicle.

Car Insurance Renewal in Ras Al Khaimah

In the UAE, it is mandatory to renew your car insurance 13 months after your policy is issued. Although your insurance policy is valid for 12 months, you have a grace period of 1 month to renew it.

If you fail to renew your insurance policy within this period, it will become invalid. This can have serious consequences, as any damage related to your car that takes place after the expiry of your policy will not be covered. In fact, you can even face penalties for driving without valid car insurance UAE.

To avoid all such issues, you will simply need to renew your car insurance plan on time. Here are the steps to complete the same with Policybazaar.ae -

Step1- Log into your Policybazaar UAE account.
Step2- Go to the dashboard to view all your insurance plans.
Step3- Look for your car insurance.
Step4- Click on the ‘Renewal’ button.
Step5- Read your current policy and customise it as per your requirements, if required. From the car insurance quotes page, you can choose to continue with the same plan, select a new one, including add-ons, and so on
Step6- Complete the further process by following the on-screen instructions.

Note: Your policy renewal details will be sent to your registered email ID.

Before you start your Ras Al Khaimah car insurance renewal process, make sure to consider the following points:

Make sure to stay up-to-date with your policy renewal due date to avoid any later troubles.
As your insurance coverage requirements may change with time, make necessary customisations to your existing plan before renewing it.
You can also choose to switch your company if you are not satisfied with the service of your current provider.
Stay updated with the current terms and conditions of your car insurance provider.
You must possess the following set of documents when renewing your insurance policy:
- UAE driving licence
- Car registration card (Mulkiya)
- Copy of your Emirates ID and more

What is the Claim Process for Car Insurance in Ras Al Khaimah?

Promptly filing a claim for car insurance in Ras Al Khaimah is essential in obtaining financial compensation for any damages incurred due to accidents or unexpected incidents. Car accidents can lead to costly repairs, medical bills, and even legal fees, which can become a financial burden without proper insurance coverage. By filing a claim with your car insurance provider, you can immediately get the financial assistance required to cover these expenses. We have mentioned the step-by-step process of how to claim a car insurance policy in the Emirates:

Get in touch with your nearest police station and narrate the entire incident in detail. Once done, notify your car insurance provider as well.
Get your car insurance claim form and fill it out accurately.
Make sure to attach the required documents in the correct size and format.
Submit the claim form.
The claim form will be reviewed by your provider. Once it gets approved, take your car to one of the approved car workshops.
The workshop officials will analyse all the car damages and notify your provider about all the related car repair costs.
Upon receiving final approval from the provider, your car will be taken for repair.

How to File Your Car Insurance Claim in UAE

Get Car Insurance From Other Emirates in UAE

FAQ's on Car Insurance Ras Al Khaimah

Comprehensive car insurance provides coverage for damages to your own vehicle and third-party liabilities. This type of car insurance may include coverage for thefts, accidents, natural disasters, valet parking cover, ambulance service, medical emergency assistance, and much more.

Yes, you can choose the deductible amount when purchasing car insurance. Keep in mind that the deductible amount affects the premium and the amount that you pay in case of a claim.

Yes, most car insurance providers in the UAE provide coverage for off-road accidents. However, this feature can be available as a standard inclusion or an add-on. Thus, make sure to confirm with your insurer regarding the availability of this cover.

As the provision for transferring car insurance in Ras Al Khaimah to a new vehicle owner varies from one provider to another, it is advisable to connect with your insurance provider to know more.

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