To not say the UAE and “super cars” in a single sentence almost feels like a crime. One of the most prized possessions (without stereotyping) of the Emiratis is deemed to be their super-luxurious and extravagant cars. And the numbers say it all. Revenue in the Luxury Cars market segment in the UAE is projected to reach US$458.20m in 2023.
While it all sounds super-racy, the idea only skids and screeches when it comes to insuring luxury wheels. Why? The top reason would be their expensive parts!
So, if you are a proud owner of a luxury car or are planning to pit stop one, this one’s a must read. We shall discuss the hows, wheres, and whats of the most-expensive cars’ insurance here.
Vehicle | Average Annual Premium (For comprehensive insurance) |
---|---|
Maserati Quattroporte | AED 7,000 - AED 13,000 |
Audi R8 | AED 9,000 - AED 13,000 |
BMW i8 | AED 13,000 - AED 19,000 |
Mercedes-AMG GT | AED 9,000 - AED 14,000 |
Nissan GT-R | AED 9,000 - AED 12,000 |
The Maserati Quattroporte is a luxury sedan that is priced between AED 470,000 and AED 480,500 depending upon the variant. Purchasing this beauty is sure to burn a large pocket hole and its approximate cost of insurance, which is around AED 13,000 per annum, will only make it bigger. The cheapest insurance available for this model is of AED 572 that covers third-party liability only, making it one of the most expensive vehicles to insure in 2023.
Audi R8 is born on the track and built for the road. Priced between AED 405,000 - 595,000, the approximate cost of insurance of these hot wheels is around AED 13,000 per annum. Comparing some of the top insurance providers in the UAE, the most affordable insurance for Audi R8 is around AED 1,034 for third-party liability only.
Making it to the third on our list is a hybrid vehicle, BMW i8, every grandeur-lover’s dream. This series costs around AED 855,000 in the UAE with average insurance quotes around AED 19,000 per annum. The cheapest insurance premium for a year is approximately AED 603 for third-party insurance only.
Mercedes-AMG GT is an extravagant coupe priced between AED 545,000 - 730,000, depending on the model. Its average insurance costs from top insurers in the UAE is AED 14,000 with the lowest premium of around AED 877 for third-party liability only.
This legendary supercar steals the show wherever it goes. Priced at around AED 479,000, the average insurance cost for Nissan GT-R in the UAE is AED 12,000. However, if you are only looking to cover third-party liabilities, your premium will be around AED 499 only.
Comprehensive plans generally include:
Third-Party plans generally cover:
Buying insurance for a regular car is easy, but super cars require special attention. Which is why, it is important for you to select the right insurer and compare different plans before getting one for your precious.
Policybazaar.ae is one of the most prestigious and globally recognized brands to compare and buy different policies from. As a third-party aggregator, Policybazaar.ae ensures a smooth facilitation of the process of buying insurance right from the point of comparing different plans from top insurers, to post-sales assistance and helping with the claim settlement.
Other top benefits of buying your car insurance from Policybazaar.ae include:
So, what are you waiting for? Get yours now!
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Top 5 Most Affordable SUVs you can Buy in the UAE |