Despite trying to drive carefully, there are over 60,000 accidents reported annually in Thailand. Fortunately, there are just over a dozen insurance companies offering a variety of options for car insurance in Thailand.Our quick guide to buying car insurance in Thailand was put together to help you through the process. You guys have to Find the best car insurance deals in Thailand to renew or buy vehicle insurance.
If you own a car, you should always make sure you have insurance especially if you are on the road in another country. You never know what might happen if you are driving around in a country that’s not your own.To Find the best car insurance deals in Thailand is quite common as almost everyone owns a car, and the streets of Bangkok can be quite dangerous so it is important to purchase car insurance.
How to Claim Insurance in Thailand?
The insurance company will take care of the rest and arrange for you to pick up your vehicle after it has been repaired. After you submit your claim, you will be notified by the garage when you will be able to pick up your vehicle.
Following submission, you will receive a claim number you can use for monitoring. Here is a list of the documents typically needed for submitting a claim
- First page of bank account copy
- A licensed copy of a driver
- You will also need copies of the insurance policy, the passport’s first page, and a copy of the vehicle’s registration
Cost of Insurance given by Thailand:
Various policies and coverage come at different prices due to their differences. Typically, the cost of car insurance depends on the policy and coverage, but for better policies, prices range from 5,000 to more than 7,500 baht.
As for deductibles, they can range anywhere from 1,000 to 5,000 baht depending on the insurance company. Make sure to read the insurance policy carefully because no one in Thailand understands the terms “excess” and “deductible.”This is because, in Thai, they have a similar word.
The age of the driver fundamentally affects how much the rebate is. With a restriction of 2 individuals for every vehicle, vehicle insurance payments can be diminished by 5% to 20% each year by indicating the driver.