Renewing Vehicle Insurance: Saudi Arabia Guide

Renewing your vehicle insurance in Saudi Arabia can be done with ease and at a low cost. AXA, for example, offers a range of insurance policies that are sure to meet your requirements and offer benefits at affordable prices. There are two types of car insurance in Saudi Arabia: third-party insurance and comprehensive insurance. Third-party insurance covers the other party's vehicle in the event of an accident, while comprehensive insurance covers both parties' vehicles. To get the lowest price, you can register with Tameeni and compare quotes from different insurance companies.

Register with Tameeni

Registering with Tameeni is a straightforward process. To protect your data privacy, you will need to register using your National or Iqama ID and your registered mobile number.

Once you have created an account, logging in will help you retrieve your data and save time. You can also proceed without logging in, using your National or Iqama ID.

Tameeni was founded in 2016 and was the first website in Saudi Arabia to obtain an electronic brokerage license from the Saudi Central Bank. It is also the first website to be licensed for the purchase of insurance documents. The Tameeni website is secure for electronic payment and deals with one of the largest Saudi banks (Riyadh Bank) through SADAD payment. The website is also linked with PayFort to pay through credit cards, which has a dedicated fraud prevention team.

Tameeni partners with 23 insurance companies and automatically retrieves insurance quotes from their systems. When you receive a quote, it signifies the company's approval to issue insurance to you. If you choose to purchase one of the offers through Tameeni, the platform will revert the issued document to the insurance company for automated integration with relevant authorities, both for issuance and retrieval, within Moroor systems.

Add policyholder details

To renew your vehicle insurance in Saudi Arabia, you will need to provide detailed information about the policyholder. This is a crucial step in the process, as it ensures that the insurance policy is correctly associated with the right individual. Here is a step-by-step guide on adding policyholder details:

• After registering with Tameeni, you will be directed to create an account. This involves providing basic information such as your mobile number, email address, and chosen password.
• Once you have successfully registered and logged in, navigate to the "Purchase New Policy" section. Here, you will be required to specify the type of insurance you intend to purchase. You have two main options: Third Party Liability Insurance (TPL) or Comprehensive Insurance.
• Click on the "Add Policyholder" button. This is where you will input the policyholder's details.
• Enter the Iqama Number of the policyholder. The Iqama Number is a unique identification number assigned to residents of Saudi Arabia. It serves as proof of residency and is essential for various administrative and legal processes, including obtaining insurance.
• Provide additional personal information about the policyholder. This may include their full name, date of birth, address, and contact details. It is important to ensure that all information provided is accurate and up-to-date.
• In some cases, you may also be asked to specify the relationship between the policyholder and the vehicle. For example, you may need to indicate whether the policyholder is the vehicle owner, a family member, or an employee of the vehicle owner.

By carefully filling out the policyholder details, you are ensuring that the insurance policy is correctly associated with the right individual. This information will be used to generate accurate insurance quotes and provide tailored coverage options for the policyholder. It is important to review all the information before proceeding to the next steps of renewing your vehicle insurance in Saudi Arabia.

Compare quotes

When it comes to renewing vehicle insurance in Saudi Arabia, it is important to compare quotes from different insurance providers to get the best deal. Here are some tips to help you through the process:

Start by identifying your specific needs and requirements for your vehicle insurance. Consider the make and model of your car, your driving history and habits, and the level of coverage you require. Do you need comprehensive coverage or are you looking for something more basic? Understanding your needs will help you compare quotes more effectively.

Visit the websites of multiple insurance companies operating in Saudi Arabia, such as AXA Cooperative (now GIG Saudi) and Wakeel. These companies often provide online tools that allow you to input your information and receive a quote. You can also contact their customer support teams to discuss your specific needs and request a personalised quote.

As you compare quotes, pay attention to the details of each insurance policy. Look beyond the price and consider the coverage limits, deductibles, and exclusions. Review the benefits and add-ons offered, such as personal accident coverage, natural peril coverage, and medical treatment coverage. Understand what is included in the base price and what might require additional premiums.

Consider the reputation and customer service of the insurance provider. Read reviews and research their claims settlement process and response time. Choosing a reputable company with a smooth claims process and excellent customer support can make a significant difference when you need to file a claim.

Don't be afraid to negotiate and ask for discounts. Insurance providers may offer discounts for various reasons, such as rewarding safe drivers, insuring multiple vehicles, or having a good driving record. You may also be able to bundle your car insurance with other types of insurance, such as home or travel insurance, which could result in additional cost savings.

Finally, read the fine print and understand the terms and conditions of the policy before making a decision. Ensure you are clear on the coverage, exclusions, and any restrictions that may apply. By carefully comparing quotes and considering your specific needs, you can make an informed decision and choose the best vehicle insurance policy for your situation.

Choose comprehensive or third-party insurance

Motor insurance is a requirement in Saudi Arabia, and there are two main types of car insurance to choose from: comprehensive insurance and third-party insurance.

Third-Party Insurance

Third-party insurance is mandatory in Saudi Arabia and covers the costs, financial compensation, and legal claims for third parties in accidents. This includes damage to the third party's property and physical damage to the third party, as well as injury costs, which can include compensation for death or disability. It also covers the towing expenses arising from accidents. The price of third-party insurance is usually not dependent on the value of the car but may depend on the type of car. It is typically cheaper than comprehensive insurance.

Comprehensive Insurance

Comprehensive insurance is optional for motor vehicle owners in Saudi Arabia. It covers the costs of both the insured and the third party in accidents. This includes damage to the insured vehicle and its accessories, as well as damage to the property of others. It also covers the cost of emergency medical care and transportation costs to auto repair workshops. Comprehensive insurance also provides compensation in cases of theft or fire and covers the costs of disasters like earthquakes, storms, or floods. It offers emergency roadside assistance and provides a courtesy car during the insured's vehicle servicing. The price of comprehensive insurance depends on the type and value of the car and typically costs between 1,500 and 8,000 SAR.

When choosing between comprehensive and third-party insurance in Saudi Arabia, it is important to consider the level of coverage needed and the associated costs. Third-party insurance is mandatory and covers the costs of the third party in accidents, while comprehensive insurance is optional and provides more extensive coverage, including damage to the insured's vehicle and other benefits.

Make payment

To renew your vehicle insurance in Saudi Arabia, you will need to make a payment to your chosen insurance provider. There are several insurance companies operating in the country, each with its own payment methods. However, the process typically involves the following steps:

Step 1: Choose Your Insurance Provider and Plan

Before making a payment, you must select an insurance company that suits your needs and budget. Some popular insurance providers in Saudi Arabia include AXA Cooperative (now GIG Saudi), Tamini, MedGulf, and Salama. Each company offers different types of plans, such as third-party liability insurance and comprehensive insurance. Compare the coverage, benefits, and prices offered by each provider before making a decision.

Step 2: Understand the Payment Methods

Different insurance companies may offer varying payment methods. Some common payment methods in Saudi Arabia include online banking, credit or debit cards, and cash payments. It is essential to check the accepted payment methods for your chosen insurance provider.

Step 3: Gather the Required Information

To make the payment process smoother, have the necessary information ready. This may include your policy number, vehicle registration details, personal identification details, and payment method details (such as your bank account or card information).

Step 4: Make the Payment

Once you have selected your insurance provider and plan, it's time to make the payment. Follow the instructions provided by your chosen insurance company. You may be able to pay through their website, mobile app, or by visiting their office or an authorised payment centre. Ensure that you carefully review the payment amount and the terms and conditions of your policy before finalising the transaction.

Step 5: Keep a Record of the Payment

After completing the payment, make sure to keep a record of the transaction. This can include saving a receipt, transaction number, or any other confirmation provided by the insurance company. This documentation will be useful for future reference, policy renewals, or making any claims.

It is important to note that the specific payment processes and requirements may vary between different insurance providers in Saudi Arabia. Always refer to the official websites or contact the customer support of your chosen insurance company for the most accurate and up-to-date information regarding their payment procedures.

Frequently asked questions