UAE Motor Insurance Market Report and Forecast 2032

Lily Desouza02 Jul, 2025Business

The UAE Motor Insurance Market is anticipated to register a CAGR of around 4.11% during the forecast period, i.e., 2025-32. Along with this, the market is valued at USD 1.94 billion by 2032. In the insurance industry, motor insurance is the most dynamic sector in the United Arab Emirates (UAE). Automobiles that travel on national roads, including cars, trucks, motorbikes, and several others, are covered by this type of insurance. Its primary goal is to provide monetary protections for auto damage & any injuries that drivers & passengers might sustain in traffic accidents. The government of the UAE has executed strict laws requiring auto insurance owing to a noteworthy increase in accident rates. Also, together with a firm surge in car sales, these aspects are predicted to drive the UAE Motor Insurance Market's growth.