Insurance is big in Thailand, so it’s no surprise that car insurance is also popular here. Thai offers many types of insurance for your car, depending on what you need and the type of font you are looking for. Each insurance company offers different policies with different prices, benefits and coverage. When taking out car insurance in Thailand, be aware that not all insurers offer the same benefits. This article explains what options are available to get the best car or motorbike policy in Thailand.
1.Your driving record
If you want to buy insurance, your driving record must be clear. Getting insurance in Thailand can be difficult if you have had a lot of injury or fatal accidents. The Thai Insurance Association stresses that drivers should not only take out additional car insurance if they are not at fault. The law also states that all vehicle policyholders must have their accident insurance to cover all forms of damage, including damage to the property and vehicles of others. This is especially important because many people don’t know this when buying.
2. Know your policy options
Thai insurance companies offer several policies, car insurance comparison includes – Third party cover: this type of policy covers injury and death of an unrelated third party while driving someone’s car. ‘other. It does not cover you if you are injured or killed in the accident, nor does it cover damage to the car. It’s free unless you want to claim damages. – Third Party Liability: This policy covers injury or death to an unrelated third party while driving your car. It also covers any damage caused to the car during the accident. You have to pay a monthly fee and you can choose the type of benefits you want – Comprehensive Coverage: This type of policy provides comprehensive insurance for your car in Thailand. It covers everything from liability and full coverage to optional extras. The price may vary depending on the options you choose.
Another important consideration when buying auto insurance is your age. The Insurance Association of Thailand (IAT) is the official association representing all the different insurance companies in Thailand. According to an IAT survey conducted in February 2012, auto insurance rates for drivers aged 61–70 were cheaper than for drivers aged 51–60. This would be a variable to consider when buying Thai car insurance or motorcycle insurance in Thailand.
4.Your driving experience
Insurance companies will take into account the number of years you have been driving a car. If you have been driving for less than three years, the insurance company may request an appraisal of your car to determine its value. If you’ve owned your car longer, you should ask them to pay for an appraisal. This is important because some older cars are considered “old” and not worth as much as newer cars. For example, if your car is over five years old and has less than 20,000 km on the odometer, it may be considered old and therefore cheaper to insure.
5. Car condition
If you have an old car, it is likely to have a higher risk of being damaged. The same can be said for expensive cars. In order to get the best insurance policy in Thailand, you will need to show proof of financial capacity. This means that you must prove that you can buy your car if it has been damaged in an accident and needs to be repaired. When purchasing auto insurance, check with each company if they need to verify your financial capability. These factors are essential to calculate the amount the insurance company will pay you if the accident is serious and your car needs to be replaced.
6. Personality coverage
If you want additional insurance, there are many options available to you. Usually these are optional extras that you can choose if you want to add them to your current font. Personal property coverage is not always included in the main insurance policy, but it can be added if desired. For example, personal protection insurance covers injury or death to you and your family members while driving someone else’s car or motorcycle. This type of insurance will cost more than liability cover because it covers injury or death outside the car, so make sure this cover is right for you before buying it in Thailand.
Car insurance is essential in Thailand, so knowing what options are available to you when buying a policy is key. By understanding car insurance basicsyou can buy your policy according to your needs, whether it’s a new or old policy.