Tips for getting cheaper car insurance in Saudi Arabia

Tips for getting cheaper car insurance in Saudi Arabia

For every driver in Saudi Arabia, finding comprehensive car insurance that doesn’t cost an arm and a leg is the dream. Between the price fluctuations and sudden increases, you might find yourself feeling stuck between a rock and a hard place: either give up comprehensive insurance or find a new company offering something within your budget. The key lies in understanding the sneaky factors that affect the price you pay for insurance. Without further ado, here are some tips for getting less expensive car insurance in Saudi Arabia

4 Tips for getting less expensive car insurance in Saudi Arabia

Infographic with four tips for getting lower car insurance premiums: review your needs, shop around for quotes, consider another car, and get a good driving record.
4 Ways to Save on Car Insurance

Understand your car insurance options

Finding the right car insurance can feel overwhelming, especially with all the different terms and options. But don’t worry, it’s actually quite simple!

In Saudi Arabia, car insurance falls into two main types:

  • Mandatory car insurance (Third-party): This is the bare minimum required by Saudi law. It’s more focused on protecting you from having to pay out huge sums of money to compensate others for damages and physical injuries.
  • Comprehensive car insurance: This goes beyond the mandatory coverage and protectes your own car if something bad happens. It covers accidents and non-accident damages caused to your car, as well as damages you might cause to others.

Naturally, comprehensive car insurance costs more. But price can

Comprehensive insurance prices can change based on the ‘extra’ benefits you add to your insurance and your “deductible”. Think of a deductible as “down payment” if you file a claim. The higher your deductible, the lower your insurance cost (and vice versa).

Tl;dr:

  • More add-ons = higher premium.
  • Higher deductible = lower premium.

• Don’t skip price comparison

Ever wonder why car insurance quotes can be so different from one company to another? Insurance companies can have significant differences in their pricing for the same coverage; because each company assesses risk diffetently. Additionally, companies offer diverse benefits and add-on options that affect the overall cost as well.

So, just like what you’d do to book cheap flights, you should use online comparison websites to easily compare car insurance quotes in Saudi Arabia and find a good deal. The earlier you start searching, the better chance you have of finding cheaper insurance! That’s why we recommend starting your search a few weeks before your car renewal date. Even if you’re not ready to renew yet, you can get a feel for average prices, current deals, and upcoming discounts.

• Think twice about the type of car you buy

Your car’s make and model play a significant role in determining how much you’ll pay for insurance. Think about it this way: a high-powered luxury car will undoubtedly cost more to insure compared to a regular sedan low-option sedan.

Why the difference? It boils down to repair and replacement costs. Fixing or replacing parts on a luxury vehicle is typically more expensive, and even minor damage can lead to a significant payout for the insurance company.

• Maintain a claim-free record

Insurance companies in Saudi Arabia review the number of traffic fines and accidents you’ve been involved in. This helps them assess your risk of causing future accidents. The cleaner your driving record, the lower your car insurance will likely be. Besides, a claim-free record qualifies drivers in Saudi Arabia to earn Najm’s discount.

Invest a few minutes now to save big later!

Use online price comparison websites. These websites are readily available in Saudi Arabia and can help you easily compare quotes from multiple car insurance companies. This way, you can find the best value for your money, whether choosing third-party liability or comprehensive insurance.

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