Source: گلف نیوز

Car Insurance Premiums Skyrocket Across UAE

Car insurance premiums in the UAE have surged by up to 40% due to extreme weather events, including record rains and flooding in April 2024. The removal of COVID-era discounts and rising repair costs also contributed to the hike. New vehicle models, particularly Chinese-made cars and electric vehicles, are adding complexity, with electric vehicle premiums rising by 50-70%. Reinsurance costs and overall inflation are further pushing up premiums. Experts predict this trend will continue into 2025.

2024-12-16 06:30:59

Reviews

Please submit your comment.

Your comment has been submitted!

It will be displayed after the approval of admins.

No comment submitted yet

Economic

Car Insurance Premiums Skyrocket Across UAE

Reviews

Please submit your comment.

To do this, please login first

news 2

Enjoy true exclusivity with this credit card

The ‘1 Billion Meals Endowment’ tower will be built on Sheikh Zayed Road and will cost Dhs800 million.

The Dubai Mall became the most visited place in the world with 105 million visitors in 2023

The gold market rate continues to rise. Market forecast: The most expensive gold price record

Over 70% of UAE retailers see increase in revenue since accepting digital payments

With the aim of increasing payment methods in the UAE, the global cross-border payment network Terrapay cooperates with Dubai Duty Free

Dubai has welcomed 1.77 million international tourists in January 2024

According to the order of Sheikh Hamdan, the salaries of muezzins and religious leaders in Dubai will be increased

An increase of 4000 dirhams for school registration

How foreigners can buy property in Dubai; key notes

In Downtown Dubai, a new Dh1.2 billion luxury property has been unveiled.

Dubai property projects sold 'in minutes'; nearly 90% of sales come from first-time buyers

Warning to UAE travelers: Failure to declare cash and valuable items is punishable

Dubai Islamic Bank offers compensation to affected customers

Dubai off-plan properties prices to surge 15% in second half of 2024

Tenants in some areas still pay less than Rera Rental Index

Up to Dh200,000 fine in UAE: How employees can file case against employer for unfair practices

Emaar’s first-half profit jumps 33% to Dh7.8b

More Dubai developers start offering offplan price discounts, even up to 20%

Up to Dh10,000 fees for 17 drone-related services

Some schools set backpack weight limit to prevent chronic pain, bad posture

New telemarketing rules in UAE: Full list of fines explained as laws go into effect from August 27

Gold prices hit record high, surpass Dh300 per gram again

Property owners rake in up to Dh15 million in profits by flipping units in 4 years

Dubai has rules for providing services with virtual services

UAE's ADNH is offering 40% of its catering business in the IPO

Dubai tenants are facing an increase in the commission of consultants in cheap properties

High salary for AI professionals in UAE due to labor shortage

More Dubai property buyers opt for mortgage over cash

UAE bank to deduct funds from customers' accounts to reflect charges that were not debited during system upgrade

Sheikh Mohammed approves largest budget ever in Dubai’s history with revenues of Dhs302 billion

The bankruptcy of the Dizabo superpower caused the loss of millions of capital by Emirati investors .

New taxes in GCC: More jobs in UAE due to skills shortage in all areas of tax

Dubai’s Salik reports Dh822-million net profit in 9 months; revenue from fines hits Dh174.8 million

Parkin partners Awqaf Dubai to build multi-story car park building

UAE: Bitcoin Inheritance Planning Essential, Say Experts

AE Coin Receives Final Approval from UAE Central Bank for Launch of First Stablecoin

UAE Lottery Debuts with AED 100 Million Grand Prize