UAE Business: Driving safe in UAE helps you save money, says expert – Gulf Digital News

UAE Business: Driving safe in UAE helps you save money, says expert – Gulf Digital News

Driving safely in the UAE makes one eligible for a no-claim bonus of up to 20% or even more, said an industry expert, noting that according to the UAE Insurance Authority, safe drivers must demand a no-claims bonus for your car insurance.



All the car insurance companies in the UAE offer a unique proposition namely, No-Claim Bonus (NCB), whereby the policyholders are rewarded for not making any claim in the preceding years, added  Neeraj Gupta, CEO Policybazaar.ae.



As per the UAE Insurance Authority, an insured that has not made any claim for 1 to 3 years is allowed for a discount between 10 percent and 20 percent while renewing their car insurance in UAE. Drivers with a clean record for one year would receive a 10 percent reduction in premiums.



Furthermore, drivers with a 2-year accident free period can avail up to 15 percent discounts and ones with 3 years, can receive a whopping 20 percent discount. Additionally, if you have an excellent driving record, then some car insurance companies in UAE may provide you up to 50 per cent no-claim discount, considering your age, profession, and travel or driving history, among other factors.