The UAE car insurance market has undergone significant transformations in recent years, driven by the growing demand for efficient and transparent insurance services. A new player in the market, Shory, has emerged as a game-changer with its innovative digital approach to car insurance in the UAE.
The Need for Efficient and Transparent Insurance Services
The UAE car insurance sector is valued at USD 1.41 billion and is rapidly digitalizing. Consumers are now preferring user-friendly, online insurance solutions, making companies like Shory more relevant. Shory caters to this shift with a fully online, paperless transaction process and real-time quote comparisons from top insurers.
How Shory Facilitates Efficient and Transparent Insurance Services
Shory’s digital platform offers several advantages that traditional insurance brokers cannot match:
- Instant policy issuance
- 24/7 online access to insurance documents
- Multiple payment methods including Visa, Mastercard and Apple Pay
- Option to split payments into four interest-free installments
These features enable drivers to obtain car insurance quickly and easily, without the need for hours of comparison or visits to insurance offices.
Understanding Car Insurance Options in the UAE
The Central Bank of UAE (CBUAE) regulates the car insurance market, requiring all drivers to maintain at least third-party liability coverage. However, many drivers opt for more comprehensive plans.
- Third-Party Liability Insurance:
- Covers injuries to others and damage to third-party property
- Fulfills the minimum legal requirement
- Typically costs between AED 551.25 (for renewals) to AED 2,200 annually
- Does not cover damage to the policyholder’s vehicle
- Comprehensive Car Insurance:
- Includes all third-party coverage plus protection for the policyholder’s vehicle
- Covers theft, fire, and non-collision damage
- Starts at AED 1,200 annually, depending on vehicle type and driver profile
- May include value added services like roadside assistance
Shory offers both mandatory third-party and optional comprehensive vehicle insurance plans, catering to different driver needs and preferences.
What Makes Shory a Top Choice for Car Insurance in Dubai
Combining industry expertise, the latest technology and rapid innovation, Shory is positioning itself as one of the best insurance companies in the UAE. The company’s impressive credentials include:
- Licensed by the Central Bank of the UAE (License Number 287)
- Outstanding 4.9-star rating on Google from over 5,000 customers
- Partnerships with some of the UAE’s top insurance providers
- Flexible payment options, including interest-free installments
Shory’s digital platform offers a range of benefits that traditional insurance brokers cannot match, making it a top choice for car insurance in Dubai.
Customer Testimonials and Expert Insights
“Getting car insurance in Dubai is about more than just comparing prices, it’s about aligning coverage with real-world needs,” said Edward Glenn, car insurance specialist at Shory. “At Shory, we simplify this decision-making process by offering clear, side-by-side comparisons tailored to each driver’s lifestyle and priorities, empowering them to make truly informed choices.”
“Vehicle insurance shouldn’t be complicated or time-consuming,” said Amr Abdelghany, Operations Manager at Shory. “Our 90-second process represents the future of insurance in the UAE – fast, transparent and customer-centric.”
About Shory
Shory is an Insurtech company in the UAE, specializing in digital insurance solutions that simplify the process of obtaining and managing insurance policies. Licensed by the Central Bank of the UAE (License Number 287), Shory partners with top insurance providers to offer customers a wide range of coverage options with transparent pricing and instant policy issuance. With a customer-first approach and innovative technology, Shory is transforming the insurance landscape in the UAE.
Conclusion
Shory’s innovative digital approach to car insurance in the UAE is revolutionizing the industry. With its efficient and transparent insurance services, Shory is setting new standards for what UAE drivers can expect from their insurance providers. As the UAE car insurance market continues to evolve, Shory is well-positioned to lead the way with its customer-centric approach and innovative technology. For more information about Shory’s car insurance solutions, visit https://shory.com/car-insurance.