Motives to get third party liability Insurance in Saudi
With a big private car population and Saudi Arabia’s long and wide highways, which relatively results in a high number of car accidents in Saudi. It is very essential for car owners to get the right car insurance to protect themselves and their cars from road side accidents. Nevertheless, the percentage of people’s reluctance to insure vehicles in Saudi is still high, according to the CEO of Najm Insurance Services. Therefore, the initiatives of the Central Bank of Saudi Arabia and the General Traffic Department seek to spread the importance of insurance and the benefits of owning third-party insurance in Saudi Arabia. If a driver can’t financially afford it or if the car isn’t worth a premium full comprehensive insurance policy, a driver has the option of a smaller Third-party liability cover (TPL) rate.
Significance of third-party liability insurance
Reluctant uninsured drivers definitely have several to avoid buying insurance. Most of them think that car insurance is not a necessity, and some may see it as a luxury. So, why should the driver pay if the driver can’t afford more money in the first place? well, watch out insure your vehicle or get a fine. Besides, life is full of surprises! Accidents can happen to the most skilled drivers. So, remember insurance is assurance.
Basically, the third-party insurance in Saudi Arabia covers partial financial liabilities that the insured person may have to pay to third parties. Additionally, third-party death and bodily injury are legally covered under this insurance policy as per the regulation of SAMA.
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The coverage provided by third-party insurance in Saudi Arabia includes:
- Internal and external damages caused to a third-party vehicle.
- Physical damages to the external parts of the vehicle.
Reasons why drivers go for Third-party liability instead of a comprehensive insurance policy:
- Low cost: The third-party insurance policies are cheaper compared to comprehensive car insurance.
- Claims: With the mandatory insurance policy on your side, damages and losses claimed from third-party vehicle are covered by the insurance company.
Drivers in Saudi can search and compare and buy third party (TPL) insurance online , on Wakeel.com for the best deals.
Looking into renewing your car insurance with Third party liability (TPL):
The way you can get TPL insurance for your existing car in Saudi is if you wait till your current car insurance policy expires.
There are number of ways to check if your insurance is close to expiry or if expired, The Policy expiry date is usually written on the insurance policy copy which was provided by the insurance company in Saudi Arabia.
You can get all your car insurance details and get notifications on expiring insurance policies from wakeel.com.
You can also, get all your policy details through MOI electronic services (Absher platform).
It’s vital to make sure the insurance company submits your car insurance policy to the Ministry of Interior’s system. Which will be used to update, issue and renew the car Istemarh and check for the insurance validity by Najm in case of an accident.
Once your insurance is updated on the ministry of interiors system, an SMS will be sent to your mobile registered in Absher.
When your Insurance is close to expiry or expired only then can you renew your car insurance to third party insurance (TPL).
Looking for affordable car insurance in Saudi?
When you compare car insurance between providers, you will be able to find the one with the best pricing for the coverage offered. When you avoid this step and buy the cheapest plan, you can save on your car insurance. Does comparing options sound like a tedious task to you? Use a Saudi price comparison platform to buy your car insurance online.
Be wise and do your research on the best prices by comparing and buying your car insurance online in Saudi with wakeel.