Are you ready to hit the roads of UAE and explore the Emirates on your favourite motorcycle? Then, you should know that riding a motorcycle requires compliance with some legal procedures. The first step is to buy motorcycle insurance or two-wheeler insurance in the UAE.
This ensures protection against accidents providing you peace of mind while you travel through the bustling roads of the UAE. Here is the complete guide to the benefits, types and tips to choose the best insurance company in UAE for your needs.
- Understanding Two-Wheeler Insurance
- Benefits of Motorcycle Insurance
- Types of Insurance
- Tips to Choose the Best Insurance Company
- Factors Affecting Two-Wheeler Insurance Premiums
- FAQs
Understanding Two-Wheeler Insurance
A two-wheeler or motorcycle insurance is an agreement between the Insured and the Insurance Company. The insured has to pay regular premiums as decided in the agreement. In return, the Company provides coverage against personal and thirty-party damage. The amount of financial coverage depends on the type of insurance you avail of.
Benefits of Motorcycle Insurance
The first question that comes to our mind is why we need to avail motorcycle insurance in the first place. Here are the benefits that will help you decide:
Legal Requirement
Do you wish to ride a motorcycle freely on the roads or highways of the Emirates? Know that it is a legal requirement to obtain motorcycle insurance in the UAE. Without a basic level of third-party coverage (for damage to other people and property), you are restricted from riding motorcycles.
Financial Coverage & Freedom
Accidents involving damage to yourself or other people and property can incur a heavy financial burden on you. A two-wheeler insurance ensures that you ride stress-free. In case of damage involving a third party or issues with your bike, the insurance company will back you up. This also offers financial freedom, and you don’t need to worry about financial debt.
Types of Insurance
UAE Insurance companies usually offer four types of two-wheel insurance coverages. Here is the complete guide to what is covered under each insurance.
Loss & Damage Insurance
This insurance covers any damage to your personal life and motorcycle because of riding it. It also covers any damage caused by other people to your vehicle. The Accidental coverage is applicable both in cases where the motorcycle was stationary or the damage happened during a ride.
Apart from vehicle coverage, this insurance also provides support in case of personal accident. Such as in the event of an accident, any medical fees are borne by the insurance company.
Third-Party Liability Insurance
This type of insurance offers coverage against any damage caused by your motorcycle to other parties. In the event of an accident involving another person or property, the insurance company will cover the costs.
It is the minimum legal obligation to ride a motorcycle in the UAE. It is important to note that this insurance does not cover any damage to personal life or vehicle.
Comprehensive Insurance
This type of insurance covers both personal and third-party damage. It is a combined coverage of the above two types of insurance. In case of an accident, it will cover medical bills, motorcycle repair costs, compensation for third-party damage, and repair costs.
The company also compensates for situations such as motorcycle theft, issues due to weather conditions, and natural disasters. However, the actual coverage might vary depending on the provider’s insurance policy.
Fleet Insurance
Does your business in the UAE require you to own multiple motorcycles such as food delivery or courier services? Fleet Insurance offers financial coverage for multiple motorcycles. The best part is there is no need to avail insurance separately for the motorcycles.
Tips to Choose the Best Insurance Company
Are you confused about choosing an insurance company amongst the many offering their services? The coverage and premiums differ by company and the specific add-ons. Here are some quick tips to choose the best one for your needs:
Consider Your Needs
Begin with evaluating your needs. Depending on the amount of coverage and the legal obligations, the premium rates can increase. Start by making a list of the benefits you require out of insurance.
Do you only need third-party liability coverage? Or do you require a comprehensive plan? Consider thoroughly and make a budget that you can spend on buying insurance. Jotting down the points can help you choose the right insurance provider.
Check Reviews and Testimonials
Among the many insurance providers, you will find only some that are reliable and authentic. Make sure to go through the customer reviews online and consult the company thoroughly. Clear any doubts before proceeding to avoid future hassles.
Get Quotes From Multiple Providers
Do not rely on a single two-wheeler insurance provider but to look for multiple companies. Taking quotes from different providers helps you get a wider view of their packages and offers.
Seek Discounts
Some insurance companies offer discounts on their packages that can help you pay less premium.
Read the Contract Thoroughly
Before signing the contract, remember to read it thoroughly. Discuss any confusion beforehand. Make sure to check the coverage policies and the premium rates.
Factors Affecting Two-Wheeler Insurance Premiums
Know that the premium you have to pay to buy insurance can vary depending on some factors. Here is the list of factors to consider:
Motorcycle Age
A new motorcycle has to pay lower premiums since the amount of repairs or damage will be low.
Type of Motorcycle
Premiums also vary depending on the type of motorcycle. Motorcycles with expensive parts may have to pay higher premiums since damage repair costs will be higher.
Riding Experience
Those with extensive riding experience may have to pay a lower rate since the risk of accidents is lower.
Check out our guide to a motorcycle licence in Dubai.
FAQs
Yes, it is a legal obligation in the UAE to buy insurance for your motorcycle.
Theft, damage due to weather conditions and natural disasters such as fire incidents are some add-ons in insurance policies.
That is all there is to know about the guide to motorcycle insurance in the UAE. Understanding the types, benefits, and tips can help you choose the best insurance provider. Make sure to insure your motorcycle and ride smoothly and safely on the UAE roads.
Furthermore, do you want to know the process of buying a car in Dubai? Check out our complete guide on Property Finder.
