Luxury and sports cars have a unique charm. For years in automotive history, luxury and sports cars continue to remain a superior breed. Whether it’s the advanced features, hefty prices or unique aesthetics, these vehicles easily surpass the conventional ones. For vehicles this unique, other processes are also bound to be different. For instance, luxury and sports car insurance in the UAE and around the world has different processes and requirements from conventional vehicles.
Therefore, it is important to know the ins and outs of the process for a better understanding. We will do a detailed overview of luxury and sports car insurance in the UAE and see how it differs from conventional auto insurance.
Luxury Cars in the UAE
The UAE is no stranger to luxury and sports cars. Particularly in grand cities like Dubai and Abu Dhabi, sports and luxury vehicle sightings are a normal occurrence. Additionally, car enthusiasts can also find many luxury car rentals in Dubai, Abu Dhabi and other Emirates.
Luxury and sports cars are highly sought after in the UAE. In addition to the unique driving experience, they are also a status symbol. There are several reasons why there are so many luxury cars in Dubai or any other Emirates. Besides luxury vehicles being considerably expensive, car lovers continue to buy them and enjoy an enthralling driving experience in the UAE.
Luxury and Sports Car Insurance in the UAE
The UAE law makes it compulsory for all vehicle owners to have car insurance. Whether it’s a luxury, sports or any conventional vehicle, car insurance is a must to drive legally in the country. Many car insurance companies also offer different insurance types for buyers to choose from.
However, for luxury and sports cars, the insurance rates are usually on the higher side. If a vehicle is equipped with all the luxury car features or qualifies as a sports car, naturally, these high-end vehicles have special requirements.
The qualification criteria for a luxury or sports car may vary as per the service provider. However, the following are the most common aspects qualifying a vehicle as a sports or luxury vehicle:
- Pricier than conventional vehicles
- Vehicles with two car doors
- Cars with a softback
- Vehicles offering unparalleled comfort
- Exclusive performance specs
- Cars are low in size and weight as compared to conventional vehicles
Reasons for High Rates of Luxury and Sports Car Insurance in the UAE
For individuals and businesses with many luxury or sports cars at their disposal, multi-car insurance can be a viable option to save some cash. However, the rates may still be higher for all high-end vehicles.
Several reasons contribute to the higher prices of luxury and sports car insurance in the UAE. Let’s go through them in detail:
LUXURY AND SPORTS CARS ARE MORE VALUABLE
High-end vehicles tend to be more expensive than conventional vehicles. A Bugatti, Mercedes-Benz, Porsche or any other luxury car would cost more than a vehicle of a non-luxury brand.
That said, these higher prices make sports and luxury vehicles more valuable. Therefore, higher insurance rates.
SPORTS AND LUXURY CARS ARE MORE APPEALING
Another aspect putting luxury and sports car insurance prices in the UAE on the higher side is the vehicle’s high appeal. These luxury vehicles tend to attract more eyeballs than any other vehicle. This may include some unwanted attention from vandals and thieves.
As the risk is higher, the insurance prices go up. Luckily, comprehensive car insurance in Dubai, Abu Dhabi and other Emirates provides coverage against theft. However, the rates may still be higher than those of non-luxury vehicles.
SPORTS AND LUXURY CARS ARE COSTLIER TO REPAIR
High-end vehicles come equipped with some special parts and components. The unique specs prompt these vehicles to deliver extraordinary performance. Additionally, the exterior and interior design is made of high-quality material.
For instance, there are several handmade luxury vehicles and sports cars. Therefore, the repair and maintenance also require special attention and some extra bucks. The expensive repair costs also contribute to high rates for the UAE luxury car insurance criteria.
LUXURY AND SPORTS CARS SPECS ARE MORE INTRIGUING
Sports and luxury cars surpass conventional vehicles in performance by a fair margin. With a vehicle capable of attaining unprecedented speed, it may be hard for drivers to hold back. The temptation can at times put the drivers and vehicles in unwanted situations. Being more prone to damage is also a factor for higher insurance rates.
SPORTS AND LUXURY CARS DEPRECIATE LESS
This is another reason for the high rates in the UAE sports car insurance criteria. Luxury and sports vehicles tend to depreciate less than conventional vehicles. Some high-end vehicles are even in limited numbers and their prices remain high throughout.
One of the major differences between comprehensive and third-party insurance is the coverage plan. If a luxury vehicle covered under the comprehensive plan is involved in an accident, the vehicle value remains high. Therefore, the insurance rates are usually higher for luxury and sports cars.
Opting for Luxury and Sports Car Insurance in the UAE
Car insurance in the UAE largely depends on vehicle classification. That said, it is important for luxury and sports car owners to do prior research and compare car insurance in the UAE before opting for a policy. Additionally, go through multiple services and see their special offerings.
Moreover, selecting higher car insurance deductibles can help lower insurance premiums. For extended coverage, opting for a comprehensive insurance plan with add-ons can be a viable option for high-end vehicles.
This is everything about luxury and sports car insurance in the UAE. Sports and luxury cars remain a superior type in the auto industry. With high-performance specs and remarkable aesthetics, high-end vehicles attract a lot more attention.
Opting for one of the reliable car insurance companies in Abu Dhabi, Dubai and other Emirates can provide you with ease of mind. Additionally, it can provide coverage in the event of an accident or mishap.
If you are a sports and luxury car fan, pre-owned versions can be a viable option to try these high-end vehicles. Browse through these used cars for sale in the UAE and select from a large variety of sports and luxury vehicles listed.
Moreover, go through these UAE driving rules to avoid going against the law in any way.
Stay tuned to dubizzle’s auto blog for information about different types of car insurance and more.
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