Car insurance is very difficult to obtain in Thailand. This may be for a variety of reasons, including the high premiums associated with risks on the road. However, it’s important to note that car insurance in Thailand is not mandatory. It’s also worth noting that foreign insurance policies are usually only valid for 3-6 months before they must be renewed.
Thailand car insurance can be fairly expensive when compared with other countries worldwide. Penalties for reckless driving are also much harsher than in many other countries-drivers risks having their licenses suspended or revoked if caught speeding or committing any number of other offenses while behind the wheel. The good news for insurance buyers who have bad driving records is that insurance companies in Thailand often offer discounts for this type of customer. The insurance industry is very competitive in Thailand, and insurance buyers can often find the best deal by shopping around.
The most common type of insurance policy available in Thailand is third-party car insurance, which covers damages caused to other vehicles (or property) during an accident. That law requires all car owners to purchase this insurance, even if they live somewhere where insurance isn’t mandatory; it’s also relatively inexpensive at approximately 6000-7000 Baht per year for a basic plan. The second most popular insurance package in Thailand is comprehensive coverage, which costs between 16,000 and 22,000 Baht per year on average. Comprehensive insurance protects against more types of damage than third-party insurance-it covers accidents as well as hail, fire, and even theft.
As insurance companies in Thailand don’t cover damages caused to the inside of a vehicle during an accident, people who opt for comprehensive insurance also tend to purchase interior insurance. This insurance policy covers things such as speakers and other car accessories that get damaged when there’s an accident.
Overall, it seems that car insurance policies in Thailand are becoming more common and affordable with each passing year. People who want to ensure they’re protected against accidents, car thefts, and other issues should consider obtaining one of these policies before driving on the streets here.