UAE car insurance: Asian vehicles record highest rate increase

According to industry professionals, Asian vehicle owners in the United Arab Emirates are facing the sharpest rise in motor insurance rates.

This increase, observed upon motor policy renewals, is mainly due to the floods that occurred in April 2024.

Drivers of Chinese vehicles saw their premiums rise by 26%, while rates for South Korean and Japanese models climbed by 25%.

In contrast to Asian models, rates for German and American models dropped by 9%.

Insurers reported that Asian brands faced higher repair costs in the aftermath of the floods.