DUBAI, UAE, March 16, 2016 /PRNewswire/ --

Car owners in the UAE are set to save thousands of dirhams on car insurance with expansion of compareit4me portal allowing policy comparison in under three minutes 

The Middle East's leading finance comparison website, compareit4me.com, has launched the region's first car insurance comparison portal, giving car owners in the UAE a chance to save thousands of dirhams on their insurance.

     (Photo: http://photos.prnewswire.com/prnh/20160316/344890 )

The portal allows users to get instant prices from online leading insurers. Better yet, for the first time in the UAE, users have the chance to compare and buy their insurance online via credit card or cash collection.

Insurers already on the compareit4me portal include Oman Insurance Company, Noor Takaful, Union Insurance and Qatar Insurance Company. More insurers will be added imminently and the company expects the list to "grow rapidly" over the coming months.

Commenting on the launch of the new car insurance portal, Jon Richards, CEO of the compareit4me Group, says: "With the automotive market in the GCC reporting strong sales figures year-on-year, adding a car insurance comparison to compareit4me.com was a logical move." He adds: "overall car sales volumes during the first nine months of last year reached 1.32 million units across the Gulf - a clear indication that a comparison tool for motor insurance is not only in demand, but required."

The proprietary technology took the compareit4me team close to 6 months to build but the results have been instant with several thousand customers obtaining quotes within days of launching. Richards added. "The fact that so many people have bought their car insurance policy through us already is testament not only to the ease of use and savings available, but also to the demand from UAE consumers."

The launch comes at an opportune time for car owners in the region, after a recent survey by compareit4me found that 30 per cent of drivers in the UAE do not know what level of cover they buy when purchasing a car insurance policy. The same poll found that nearly two thirds of consumers believe that they would save money on their car insurance if they stayed with the same insurer.

According to Richards this is not always true. "Shopping around for your car insurance policy really should be a prerequisite for all car owners to ensure they benefit from the best deal. Sometimes renewing a policy with your existing insurer can prove convenient but a quick search on compaireit4me.com will give you a breakdown of the cheapest polices in under three minutes - why wouldn't you compare?".

compareit4me.com can save you time as well as money. Instead of spending valuable minutes on the phone or visiting brokers you can conduct the entire purchase from your home or office and receive your policy by email. In the 2 weeks since launch, 90% of our users received their policy within 1 hour of buying and more than 70% saved more than 300 dirhams.

About compareit4me.com 

compareit4me.com is a UAE-based finance comparison group which was launched in 2011. compareit4me offers its users a quick and easy way to compare finance and insurance products from the leading banks in the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Egypt, Lebanon, Jordan and Oman. 

SOURCE compareit4me.com