How are motor insurance premiums calculated in the UAE?

Motor insurance premiums in the UAE are calculated by 

• Car value:”The key factor is your car’s market value, which is determined by the initial rate of your motor insurance. For example, if your car rate is less than AED 100,000, the rate will be around 2.5%.
• Driver profile: Age and driving experience can affect motor insurance premiums. A driver between the ages of 23 and 25 may face an overcharge; on the other hand, a driver between the ages of 25 and 30 may receive a discount.
• Cars age: If your vehicle is older than three years, there may be an overcharge for agency repair coverage.
• Type of coverage- Different types of coverage will also affect the motor insurance premium.