UAE – Safe drivers don’t get ins. price discount
Thursday, 08 30 2018, Category: Insurance and Reinsurance, Country: U.A.E
Some customers said that insurance companies operating in the local market refuse to offer discounts on the prices of motor insurance contracts even though their driving records are free from accidents. They indicated that insurers do not have mechanisms to offer these discounts.
Moreover, they mentioned to “Emarat Al Youm” that motor insurance prices differ to a large extent among companies regardless of the driving record and the years of experience.
However, the Emirates Insurance Assocaition told “Emarat Al Youm” that local insurance companies started implementing the decision of the insurance authority to offer discounts for drivers who did not cause accidents. It clarified that discounts range between 10% and 20% according to the years during which no accidents were recorded.
Source: Emarat Al Youm