UAE car insurance prices peak after two-year rise, experts say stability is here
Car insurance prices in the UAE have peaked after two years of increases, and industry leaders now say the market has entered a period of stability.
End of double-digit rises
Speaking at the Annual Gulf Insurance Forum in Dubai, industry leaders said annual premium increases of between 10 and 15 percent are over.
The comments signal a halt to the consecutive rises that drivers have faced over the past two years.
Premium rates by vehicle type
Insurance premium rates for conventional cars currently range between 2.5 percent and 3 percent of the vehicle’s value.
For Chinese and electric cars, the range is between 3.5 percent and 3.75 percent of the vehicle’s value.
The accompanying image is for illustrative purposes and was generated by AI.
