Contents
- 1 Introduction to Car Insurance in Sharjah
- 2 Types of Car Insurance Coverage in Sharjah
- 3 Factors Affecting Car Insurance Premiums in Sharjah
- 4 Benefits of Choosing the Right Car Insurance Company in Sharjah
- 5 Sharjah Insurance Company
- 6 Oman Insurance Company (OIC)
- 7 Al Buhaira National Insurance Company (ABNIC)
- 8 Al Ain Ahlia Insurance Company
- 9 Abu Dhabi National Insurance Company (ADNIC)
- 10 Best Insurance Companies Sharjah
- 11 How to Choose the Right Car Insurance Company in Sharjah
- 12 Documents Required for Car Insurance in Sharjah
- 13 Conclusion
In Sharjah, car insurance is a must. It protects your vehicle and money. There are many best insurance companies Sharjah offers. We’ve made a list of the top car insurers Sharjah people trust.
Looking for good insurance in Sharjah? Check their financial health, how happy customers are, and what they cover. Sharjah Insurance Company is known for great service and quick claims. Oman Insurance Company (OIC) pays out AED 2 billion in claims yearly, with 86% customer satisfaction.
Other good options in Sharjah include Al Buhaira National Insurance Company (ABNIC) and Al Ain Ahlia Insurance Company. ABNIC covers Sharjah and more with good plans. Al Ain Ahlia is known for low prices and fast claims. Abu Dhabi National Insurance Company (ADNIC) settles 99.45% of claims and has special motor plans.
Introduction to Car Insurance in Sharjah
Car insurance is key for car owners in Sharjah. It protects you financially in accidents, theft, or car damage. With more cars on the road, reliable insurance is vital. Sharjah’s insurance firms offer many plans to fit your needs and budget.
Importance of Car Insurance in Sharjah
Getting a good car insurance policy can prevent big financial losses in accidents. It covers repair or replacement costs and liability for damage to others. By comparing insurance plans, you can find the best protection at a good price.
Recent data shows over 76.8% of customers switch to InsuranceHub yearly and save almost 30% on car insurance. InsuranceHub customers save more than 30% on average, trusted by over 10,000 people. Getting quotes from different providers ensures you get the best deal.
Legal Requirements for Car Insurance in Sharjah
In Sharjah, all car owners must have valid insurance. The UAE law requires at least third-party liability coverage. This covers damages to others’ property or injuries in accidents. But, a comprehensive policy also protects your car from theft, fire, and natural disasters.
Not having valid insurance can lead to fines and even losing your car. It’s crucial to pick a trustworthy insurance company in Sharjah. By comparing insurance, you can find the right policy that meets your needs and legal requirements.
Types of Car Insurance Coverage in Sharjah
Sharjah has two main car insurance types: Third-Party Liability and Comprehensive Car Insurance. It’s important to know the difference. This helps you pick the right insurance for your car.
Comprehensive Car Insurance
Comprehensive Car Insurance covers a lot. It protects your car from accidents, theft, fire, and more. It also pays for damages to others in an accident. Companies like Oman Insurance Company (OIC) add extra benefits. These include windscreen damage up to AED 3,000 and personal injury coverage up to AED 30,000.
Third-Party Liability Insurance
Third-Party Liability Insurance is a must in Sharjah. It protects you from damages to others. Companies like Oman Insurance Company (OIC) offer up to AED 3,500,000 for property damage. They also cover ambulance costs up to AED 6,770 and more.
Additional Coverage Options
Sharjah’s insurance providers also offer extra coverage. You can get:
- Personal Accident Cover
- Off-Road Mishaps Coverage
- Personal Belongings Coverage
- Windscreen Damage Coverage
- Roadside Assistance
The table below shows what comprehensive and third-party insurance cover in Sharjah:
| Insurance Company | Comprehensive Insurance | Third-Party Insurance |
|---|---|---|
| Sharjah Insurance Company | Up to AED 200,000 | – |
| Oman Insurance Company (OIC) | Windscreen damage up to AED 3,000 Personal injury up to AED 30,000 | Property damage up to AED 3,500,000 Ambulance coverage up to AED 6,770 Loss of use allowance as per policy |
When picking car insurance in Sharjah, think about what you need. Comprehensive insurance gives more protection. But, third-party insurance is a must. It covers damages to others.
Factors Affecting Car Insurance Premiums in Sharjah
Car insurance in Sharjah depends on many factors. Knowing these can help you save money. Whether you want SUV or premium car insurance, consider these points:
Car Make and Model
The type of car you drive affects your insurance cost. Luxury and sports cars cost more to insure. They have higher repair costs and accident risks.
For example, a 2017 Honda City EX 1.5L costs more to insure than older models. SUVs and premium cars also get higher rates from top Sharjah insurance companies.
Driver’s Age and Experience
Your age and driving experience matter too. Young drivers, especially those under 25, pay more. They are seen as higher-risk.
In Sharjah, drivers under 25 pay a lot more. But, as you get older and drive more, your rates can go down.
Driving History and Claims
Your driving record affects your insurance. A clean record means lower rates. But, accidents or claims raise your costs.
Sharjah insurance companies look at your history and claims. More incidents mean higher premiums.
| Factor | Impact on Insurance Premiums |
|---|---|
| Car Make and Model | Luxury and high-performance cars have higher premiums |
| Driver’s Age | Younger drivers (under 25) face higher premiums |
| Driving History | Accidents and claims lead to higher premiums |
Knowing these factors helps you choose better insurance. Whether you choose SUV or premium car insurance, think about your needs and driving habits. This way, you can find the right coverage at good rates.
Benefits of Choosing the Right Car Insurance Company in Sharjah
Choosing a good car insurer in Sharjah has many benefits. Quick claims insurance companies help you get help and money back fast if your car gets damaged. You’ll feel safe knowing you’re covered financially when driving.
Insurance companies in Sharjah have plans that protect you from accidents, theft, and other risks. They have many garages and service centers for quick car repairs. Plus, they offer help anytime you need it.
| Benefit | Description |
|---|---|
| Financial Protection | Covers expenses related to accidents, damages, and third-party liabilities |
| Quick Claims Processing | Ensures prompt reimbursement and assistance during claims |
| 24/7 Customer Support | Provides round-the-clock assistance for queries and claims-related issues |
| Wide Network of Garages | Offers convenient access to authorized service centers for repairs |
| Additional Benefits | Includes roadside assistance, rental car coverage, and personal accident cover |
When picking a car insurance company in Sharjah, think about these things:
- How well-known and stable the insurer is
- The types of coverage and extra benefits they offer
- The cost of premiums and deductibles
- How fast they settle claims
- What others say about their service
By picking a reliable car insurer in Sharjah, you get full coverage, fast claims, and great service. Protect your car and money by choosing a trusted insurance company that cares about you.
Sharjah Insurance Company
Sharjah Insurance Company (SICO) is a top choice for car insurance in Sharjah. It has been around for about 50 years. SICO meets the needs of both locals and expats with great coverage and service.
Company Overview
SICO’s main office is in Al Mamzar, with another in Al Arouba Street. This makes it easy for people to find reliable car insurance in Sharjah. SICO is known for its excellent service and team of experts.
Insurance Plans Offered
SICO has two main car insurance plans:
- Comprehensive Insurance Plan: This plan covers a lot, including up to AED 200,000 for loss or damage. It’s perfect for those who want the most protection.
- Third-Party Liability Insurance: This plan covers damage to others. It’s cheaper but still meets legal requirements and protects others.
Contact Information and Locations
Here’s how to reach out to Sharjah Insurance Company or visit their offices:
| Office | Address | Contact Number | Working Hours |
|---|---|---|---|
| Head Office | Al Mamzar, Sharjah | +971-6-519-5666 | Monday to Thursday: 8:00 am to 5:00 pm Friday: 8:00 am to 12:00 pm |
| Branch Office | Al Arouba Street, Sharjah | +971-6-519-5666 | Monday to Thursday: 8:00 am to 5:00 pm Friday: 8:00 am to 12:00 pm |
SICO is a great choice for car insurance in Sharjah. It’s known for being friendly to expats and offering solid plans.
Oman Insurance Company (OIC)
Oman Insurance Company (OIC) is a top digital insurance provider in Sharjah and the UAE. It was founded in 1975. OIC is known for its innovative insurance products and great customer service.
As a leading digital insurance company in Sharjah, OIC uses technology. It offers easy and accessible insurance solutions to its customers.
Company Overview
OIC was started in 1975 and is owned mostly by Mashreq, a well-known Emirati bank. Since 2018, CEO Jean-Louis Laurent Josi has led the company. He came from AXA Asia.
OIC focuses on innovation and putting customers first. It is now a top digital insurance company in Sharjah and the UAE.
Insurance Plans Offered
Oman Insurance Company has many insurance plans for its customers in Sharjah and more. Some key products include:
- Health Insurance: OIC has health insurance plans like the DHA EBP with a AED 150,000 annual limit. They also have three international plans (Premier, Elite, and Ultimate) with different limits.
- Motor Insurance: OIC’s motor insurance covers a lot of risks for vehicle owners.
- Travel Insurance: OIC’s travel insurance plans cover medical emergencies, trip cancellations, and more while you travel.
- Home Insurance: OIC’s home insurance covers your home’s structure and contents against various risks.
OIC also offers personal accident insurance, marine insurance, and engineering insurance, among others.
Contact Information and Locations
To reach out to Oman Insurance Company or visit a branch in Sharjah, here’s the contact info:
| Branch | Address | Contact Number |
|---|---|---|
| Sharjah Main Branch | Al Majaz 3, Sharjah | +971-6-573-0700 |
| Sharjah Al Taawun Branch | Al Taawun Street, Sharjah | +971-6-597-0400 |
| Sharjah Al Qasimia Branch | Al Qasimia Street, Sharjah | +971-6-563-4100 |
To find out more about OIC’s digital insurance in Sharjah or to get a quote, visit their website. Or call their customer service at 800-4746.
Al Buhaira National Insurance Company (ABNIC)
Al Buhaira National Insurance Company (ABNIC) is a top choice for car insurance in Sharjah. They offer many coverage options for both individuals and businesses. ABNIC focuses on making customers happy and keeping them financially stable.
Company Overview
ABNIC has been helping the Sharjah community for decades. They are known for their excellent service and insurance solutions. Their team uses new technology to make getting car insurance easy online.
Insurance Plans Offered
ABNIC has many car insurance plans for different budgets and needs. They have something for everyone, whether you own one car or many. Here are some of their main insurance options:
- Comprehensive Coverage: This plan protects your car from accidents, theft, fire, and natural disasters. It keeps your vehicle safe in Sharjah.
- Third-Party Liability: This coverage helps you if you cause an accident. It gives you peace of mind while driving in Sharjah.
- Motor Fleet Insurance: ABNIC is great for businesses with many cars. They offer flexible plans and good rates, making them a top choice in Sharjah.
Contact Information and Locations
To learn more about ABNIC’s insurance plans, call their customer service. They are ready to help you get a quote.
| Contact Method | Details |
|---|---|
| Phone | +971-6-517-4444 |
| [email protected] | |
| Office Hours | Sunday to Thursday, 8:30 am to 5:00 pm |
| Head Office Address | Al Buhairah Tower, Al Majaz, Sharjah, UAE |
Visit ABNIC’s offices in Sharjah for a personal experience. Their staff will help you find the best car insurance plan for you. They make sure you get the best value for your money.
Al Ain Ahlia Insurance Company
Al Ain Ahlia Insurance Company is a top UAE national insurance firm in Sharjah. It offers many insurance products and services. The company has grown and stayed financially stable in the UAE insurance market.
Company Overview
Founded in 1975, Al Ain Ahlia Insurance Company is a big name in UAE insurance. It has offices in Abu Dhabi, Al Ain, Dubai, and Sharjah. Plus, it has six motor insurance centers across the UAE.
Moody’s rates Al Ain Ahlia Insurance Co. PSC A3. This is because of its strong capital, good earnings, and liquid assets.
The company did well financially in 2019. It made AED1.2 billion in gross premiums and AED58 million in net income. Its total assets were AED 4,477 million, with AED1.1 billion in shareholders’ equity as of Q1 2020.
Its financial health is clear from its high-risk assets to shareholders’ equity ratio of 97.1%. The company also had a combined ratio of 91.1% in 2019.
| Financial Metric | Value (AED) |
|---|---|
| Gross Premiums (2019) | 1.2 billion |
| Net Income (2019) | 58 million |
| Total Assets (2019) | 4,477 million |
| Shareholders’ Equity (Q1 2020) | 1.1 billion |
Insurance Plans Offered
Al Ain Ahlia Insurance Company offers many insurance products. These include:
- Motor Insurance
- Property Insurance
- Marine Insurance
- Engineering Insurance
- Liability Insurance
- Personal Accident Insurance
- Travel Insurance
The company works with top international reinsurers. This gives clients great security. Al Ain Ahlia is known for quick claim settlements, making customers happy.
Contact Information and Locations
To reach Al Ain Ahlia Insurance Company or visit a branch, use this info:
- Head Office (Abu Dhabi): +971-2-4185300
- Al Ain Branch: +971-3-7641834
- Dubai Branch: +971-4-2953141
- Sharjah Branch: +971-6-5753440
Business Hours:
- Monday to Thursday: 7:30 am to 3:30 pm
- Friday: 7:30 am to 12:00 pm
Al Ain Ahlia Insurance Company is a trusted choice in UAE. It has strong finances, many insurance plans, and great customer service.
Abu Dhabi National Insurance Company (ADNIC)
Abu Dhabi National Insurance Company (ADNIC) is a top family insurance provider in Sharjah. They offer many insurance solutions for individuals and families. ADNIC is known for being reliable and customer-focused in the UAE.
Company Overview
ADNIC has been in the UAE for decades. They provide insurance for personal, motor, medical, home, travel, and corporate needs. Their commitment to excellence and customer satisfaction makes them a trusted name in Sharjah and the UAE.
Insurance Plans Offered
ADNIC has a wide range of insurance plans for Sharjah’s individuals and families. Some key plans include:
- Personal Motor Plans: Covers damage repair, off-road assistance, and a wide repair network.
- Medical Plans: Covers organ transplants, home nursing, alternative medicine, and more.
- Home Insurance Plans: Protects against damage repair, goods replacement, and tenant liabilities.
- Travel Plans: Covers flight cancellations, medical emergencies, and has a 24/7 multilingual helpline.
- Corporate Insurance Plans: Offers Platinum, Gold, Silver, and Bronze plans for businesses.
| Plan Name | Annual Limit | Coverage |
|---|---|---|
| Basic Plan | AED 150,000 | Designed for residents of Dubai and Northern Emirates |
| Bronze Plan | AED 250,000 | Economical coverage focused on medical services within the UAE |
| Silver Plan | Varies | Inpatient and outpatient services internationally, excluding USA, Canada, and Europe |
| Gold Plan | AED 2,000,000 | Worldwide coverage for inpatient and outpatient services, excluding USA and Canada |
| Platinum Plan | AED 5,000,000 | Worldwide coverage for inpatient and outpatient services, including routine dental care, vision care, and more |
Contact Information and Locations
To learn more about ADNIC’s family insurance plans in Sharjah, visit their branch or contact their team. Here’s how:
- Address: ADNIC Branch, Sharjah, UAE
- Phone: +971-6-568-3743
- Working Hours: Saturday to Thursday, 8:00 am to 4:00 pm
ADNIC has over 3,000 medical providers in the UAE and beyond. They ensure you and your family get quality healthcare services anytime, anywhere. Trust ADNIC for the protection and peace of mind you need in Sharjah.
Best Insurance Companies Sharjah
In Sharjah, you’ll find many top insurance companies. They offer great coverage, good rates, and excellent service. These companies help both personal car owners and big fleets, making sure you get the right policy.
Sharjah Insurance Company, Oman Insurance Company (OIC), and Al Buhaira National Insurance Company (ABNIC) are leaders. Al Ain Ahlia Insurance Company and Abu Dhabi National Insurance Company (ADNIC) are also top choices. They are known for being reliable, financially strong, and making customers happy.
When looking at insurance companies in Sharjah, think about:
- Coverage options and policy features
- Premiums and deductibles
- Customer service and claims processing
- Financial strength and stability
- Additional benefits and discounts
Look at these points to find the best fit for you. Get quotes from different companies and ask about their policies. This way, you’ll make a smart choice for your car insurance.
Choosing the right car insurance gives you peace of mind. It protects your vehicle and covers you in emergencies. With a top insurance company in Sharjah, you’re in good hands and enjoy full coverage benefits.
How to Choose the Right Car Insurance Company in Sharjah
Choosing the right car insurance in Sharjah is key. You want good coverage and a smooth claims process. With many providers, take your time to think about what matters most.
Compare Insurance Plans and Prices
First, compare insurance plans and prices. Find a plan that fits your needs and budget. Think about coverage, deductibles, and extra benefits.
Check Company Reputation and Customer Reviews
Look into the reputation of car insurance companies in Sharjah. Check customer reviews and ratings. A good reputation means better service and support.
| Insurance Company | Customer Rating | Claims Process Rating |
|---|---|---|
| Sharjah Insurance Company | 4.5/5 | 4.2/5 |
| Sukoon Insurance (Oman Insurance Company) | 4.3/5 | 4.0/5 |
| Al Buhaira National Insurance Company (ABNIC) | 4.1/5 | 3.9/5 |
Consider Additional Benefits and Services
Think about extra benefits and services when choosing. Some companies offer:
- Roadside assistance
- Rental car coverage
- Easy policy management online or through apps
- No-claims discounts
- Flexible payment options
These perks can make your insurance experience better. They offer convenience and peace of mind.
By comparing plans, checking reputation, and looking at benefits, you can choose wisely. Take your time and pick a company that meets your needs.
Documents Required for Car Insurance in Sharjah
When you apply for car insurance in Sharjah, you need certain documents. These help make the process easy and quick. Here are the documents you’ll need:
- Valid UAE driving license
- Emirates ID
- Vehicle registration card (mulkiya) or car purchase letter copy
- Passing Paper (if the car registration has expired or was previously owned)
- No Claims Certificate (if applicable, to benefit from discounts)
Some insurance companies might ask for more documents. This depends on your situation. For example, if you choose a comprehensive insurance plan, you might need bank statements.
All car owners in the UAE must have insurance. Driving without it can lead to fines, black points, and impoundment.
When you renew your car insurance in Sharjah, you’ll need to provide some documents:
| Document | Purpose |
|---|---|
| Passport or Emirates ID | Proof of identity |
| Residence Visa | Proof of legal residence in the UAE |
| Vehicle Registration Certificate | Proof of vehicle ownership and registration details |
| Driving License | Proof of eligibility to drive in the UAE |
| Pollution Test Certificate | Proof of vehicle’s compliance with environmental regulations |
For insurance claims, you’ll need more documents. These include a police report and driving licenses. You’ll also need a completed claim application and a car modification certificate if needed.
Having these documents ready makes the insurance process easier. It helps when applying, renewing, or making a claim.
Conclusion
Car insurance is more than just a legal must in Sharjah. It’s a smart choice that keeps you safe financially and gives you peace of mind. Sharjah has many reliable car insurers to choose from. It’s key to find the right coverage for your car.
Compare insurance plans, prices, and company reputations. This helps you pick the best car policy in Sharjah. Top companies like Sharjah Insurance Company and Oman Insurance Company offer great coverage.
These companies have plans for every need. You can get coverage for accidents, theft, and more. They make sure you’re protected.
When picking a car insurance company, look at their financial health, customer service, and claims process. Working with trusted companies means a smooth experience if you need to make a claim. Choose the right car insurance in Sharjah to protect your car and money.
