As far as rationale is concerned, I don't know. But I have been in the Gulf long enough to know not to look for logic. The thing is, cars are not insured as they are in the real world, based on the driver and his/her driving record. Instead it is the car that is insured based on the car's value.
This means you can be a really dreadful driver (and there are plenty around) and you don't get penalised on your insurance. Its a weird system. I have heard of rare instances when cars older than 3 years can be comprehensively insured but this is the exception not the rule.
had better live as we think, otherwise we shall end up by thinking as we lived. - Paul Bourget
As far as rationale is concerned, I don't know. But I have been in the Gulf long enough to know not to look for logic. The thing is, cars are not insured as they are in the real world, based on the driver and his/her driving record. Instead it is the car that is insured based on the car's value.
This means you can be a really dreadful driver (and there are plenty around) and you don't get penalised on your insurance. Its a weird system. I have heard of rare instances when cars older than 3 years can be comprehensively insured but this is the exception not the rule.
had better live as we think, otherwise we shall end up by thinking as we lived. - Paul Bourget