Factors That Affect Your Car Insurance Rate

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Factors That Affect Your Car Insurance Rate
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Car model and age Insurance rates are greater for
car models that have a high market value and need
costly spare parts or fuel. Therefore, new cars,
imported cars, and cars that run on diesel, all
carry high insurance rates.
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No Claim Bonus (NCB) Depending on the number of
continuous claim-free years, you can get up to
50 discount on your car insurance premium. You
can find the NCB amount in your policy document.
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Coverage and deductibles If youve failed to get
the recommended coverage in the past, you may
need to pay a higher premium now. The good news,
though, is that you can lower the premium costs
by selecting a higher deductible. Although add-on
covers increase the premium rate charged.
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Car usage Car Insurance premium rate will be
higher than normal for you if you use your car
for commercial purposes. This is because your car
probably covers more ground than a car engaged in
personal use. 
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Location Your neighbourhood and car registration
zone too influence the Car Insurance rate. Youll
get a much better deal if you live in a safe
neighbourhood with a lower crime rate. As a rule,
premiums are higher in the metropolitan cities
than smaller towns. 
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Profession A profession that requires a lot of
travelling will attract a higher Car Insurance
rate If your job asks you to travel a lot,
chances of a mishap on the road are greater for
you than for someone with a shorter or fixed work
commute.
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Anti-theft and safety devices If your car is
susceptible to damage or theft, itll carry a
higher Car Insurance rate. An easy way to improve
the security rating of your car is by buying an
anti-theft device. This will give you a 2.5
discount on your premium.
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Credit Score An insurer will usually go over your
credit history and financial status to find out
your credit score before deciding what to charge
you. If youve been smart about how you manage
your finances, youll have a healthy credit
score, and a lower Car Insurance rate.
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Car Insurance UAE
Al Buhaira National Insurance Company
(ABNIC)  Head office - 06 517 4444 Dubai
- 04 231 9444 Bur Dubai - 04 343
5995 Abu Dhabi - 02 622 6200
www.albuhaira.com