Motor insurers are introducing a range of new car insurance products while also cutting premiums. Car insurance campaigns are expected to boost both the number of policyholders and premium revenue, as 2025 draws to a close, Middle East Insurance Review reports.

It is noted that vehicles that were previously ineligible for coverage, because they are aged 10–15 years, are now being insured in special year-end campaigns.

Insurers report that car insurance prices are currently at their lowest in a decade. However, they caution that this trend may not last, with prices expected to rise in the first quarter of next year.

These initiatives have pushed car insurance rates below those of traffic insurance (motor third-party liability insurance). A few years ago, traffic insurance was cheaper than car insurance, but the trend has now reversed, with traffic insurance more expensive and car insurance more affordable, the source added.