News

Owners Of SUVs Paying More For Insurance

By March 22, 2017 No Comments

As per an article on Khaleej Times owners of SUVs in UAE are paying 14.88% more for their policies that are fully comprehensive in 2017 as opposed to 2017. This increase in average prices comes in as an outcome of latest tariffs by UAE Insurance Authority primarily introduced on 1st of January 2017.

“Certainly, the worst hit are drivers of SUVs valued at Dh50,000 or under. Comprehensive policies for these cars are now 40.59% more expensive, on average, than they were in 2016. By way of comparison, drivers of saloon cars of the same value are paying an average of just 9.53% more for their fully comprehensive policies than they were in 2016.” as per Radhika Agnihotri, the Insight Analyst appointed at compareit4me.com. For insurance brokers, this means fighting even more to ensure that their customers get the lowest rates for comprehensive insurance policies for motor.

Want to know how this affects your motor insurance policy? Then visit this link to send UniTrust Insurance Brokers a query about your car details so that we can get back to you with the best rates for your vehicle.