Arab Vehicle Insurance
The arabic vehicle insurance market otherwise known as arabic car insurance is far more developed than some other parts of the insurance market. There is far more competition in this vehicle market and as a result far more bargain hunting can be done. The arabic vehicle insurance market is hampered by the generally below par driving in the gulf states which has meant that vehicle insurance premiums have been above what you would expect in first world economies.
GCC Vehicle Insurance
vehicle insurance in the GCC states is provided by some major insurers. You will find more information on each state below:
- Oman Vehicle Insurance
- UAE Vehicle Insurance
- Bahrain Vehicle Insurance
- Saudi Arabia Vehicle Insurance
- Kuwait Vehicle Insurance
- Qatar Vehicle Insurance
In general the GCC vehicle insurance agents work through vehicle dealers who get a cut of the deals they broker. In affect you are going through a brokers broker if you do a deal with the person who sells you the vehicle regardless of what they tell you. As long as you are aware of this you will then be able to take their information with a pinch of salt.
Gulf Vehicle Insurance
States in the gulf other than the GCC states such as Yemen are not well developed at all in terms of their vehicle insurance. This is due to the third world nature of their economies. The advantage of GCC states over other gulf states in their vehicle insurance markets is the economic wealth found the GCC oil fields. This has given GCC states a significant advantage over other gulf states in their economic growth which has obviously affected their vehicle insurance markets. Let's hope the price of oil continues to go up for the Oil producing regions and this economic growth can continue.