For Foreign living in Thailand, the process of buying a car in Thai can be quite challenging. In particular, choosing a trustworthy insurance provider requires careful consideration. With a multitude of car insurance companies available in Thailand, the decision-making process can be overwhelming. It’s crucial to think through which car insurance company aligns best with individual needs and preferences.
When selecting an insurance provider, it’s essential to consider the range of services, associated benefits, and level of protection offered. Evaluating the value of the insurance in relation to the coverage provided is key. Opting for the most suitable insurance company becomes vital to ensure it meets specific requirements in the event of an unexpected accident. Many people faced with this decision may wonder where to find the best car insurance.
Our objective today is to shed light on the insurance landscape by presenting a curated list of the 10 best insurance companies in Thailand for the year 2024. This compilation is derived from a comprehensive survey, which meticulously captures the perspectives of service users. The survey provides valuable insights into emerging trends and identifies the popular choices within the realm of car insurance in Thailand.
10 Car Insurance Companies in Thailand
1. Bangkok Insurance
Bangkok Insurance identified as the most popular insurance company in Thailand based on user surveys. This company boasts a stellar reputation spanning over 70 years and a registered capital of 1,064.7 million baht. Known for its prompt and efficient service, Bangkok Insurance stands out for its user-friendly claims process. Notably, they have a program facilitating connections with local car garages, a feature well-received by foreigners. While some may find the insurance premiums slightly higher than other providers, the commendable service at every level earns Bangkok Insurance high praise. For those seeking top-tier Motor Insurance, Bangkok Insurance is a reliable choice.
Contact:
25 Sathon Tai Road, Thung Maha Mek, Sathon, Bangkok 10120
LINE: @bangkokinsurance
Tel. 0 2285 8585
email: info@bangkokinsurance.com
2. Viriyah Insurance
Viriyah Insurance holds a prominent position in the automobile insurance industry. User opinions consistently highlight Viriyah Insurance’s strengths in insurance claims and exceptional customer care, facilitated by the company’s in-house claims staff. The absence of external riders ensures swift assistance in the event of an accident, making Viriyah Insurance the fastest responder. As the leading insurance sales provider in Thailand, Viriyah Insurance also stands out for offering auto parts to customers, reinforcing its commitment to quality assurance. This company is a solid choice for those seeking excellent value in car insurance.
Contact:
121/28, 121/65 RS Tower, Ratchadapisek Rd., Dindaeng, Dindaeng, Bangkok 10400
Tel. 0 2129 8888
email: AH_CS@viriyah.co.th
3. Tokio Marine Insurance
Tokio Marine Insurance Company secures its place in the top echelons when comparing market shares and surveying customer opinions. Ranked among the top 10 car insurance companies, it stands out as one of the top 3 in terms of customer numbers. Renowned for its excellence in repairs, particularly catering to service centers for Japanese cars such as Toyota, Honda, and Mitsubishi, Tokio Marine Insurance is lauded for providing robust protection at reasonable prices. Users consistently affirm the reliability of this company.
Contact:
Orakarn Building, 1st, 2nd, 4th and 6th Floors, No. 26/5-8, 26/10-11, 26/16-19, Chidlom Road, Lumpini, Pathumwan, Bangkok 10330
Tel. 02 257 8000
email: products@tokiomarinesafety.co.th
4. Aioi Bangkok Insurance
Aioi Bangkok Insurance Company has gained prominence for its hassle-free claims process. While the premium prices for insurance services are relatively high, this proves to be a minor concern for primary service users. The key advantage lies in the ease, speed, and promptness with which insurance claims can be processed, especially since Aioi Bangkok has a direct partnership with the Toyota center. This collaboration ensures convenient and straightforward claims processing, sparing users the inconvenience associated with claim submissions. However, it’s worth noting a minor drawback, namely a slight delay in coordination, attributable to the substantial customer base.
Contact:
25 Bangkok Insurance Building/YWCA 14th and 22nd Floor, Sathorn District, Bangkok 10120
Tel. 0 2780 8000
email: PHYDInfo@aioibkkins.co.th
5. Thanachart Insurance
Consider Thanachart Insurance Company if you seek an alternative to high insurance premiums charged by companies like Bangkok Insurance or Viriyah Insurance. Thanachart Insurance holds a credit rating of level A from a world-class rating agency, with A being the highest (AAA). For those contemplating renewing first-class car insurance without breaking the bank, Thanachart Insurance offers low premiums coupled with high coverage. This translates to substantial savings, making it a prudent choice for budget-conscious individuals.
Contact:
999/1 The Nine Tower, Rama 9 Road, Phatthanakan Suanluang, Bangkok 10250
Tel. 02 308 9308
email: mail.insure@thanachart.co.th
6. Roojai Insurance
Roojai Insurance Company distinguishes itself with remarkably affordable insurance premiums. The pricing structure is notably favorable for older drivers, with costs decreasing as the driver’s age increases. Explore Roojai’s product offerings, and you are sure to be impressed by the competitive rates. Noteworthy is Roojai’s commitment to modernity, offering an application tailored for its insurance users. Ideal for tech-savvy individuals, this platform facilitates the entire insurance process—from purchase to claims reporting and benefit receipt. Additionally, Roojai Insurance’s system rewards users with accumulated points, all accessible through their user-friendly website or application. Expect a seamless experience with Roojai Insurance, where technology meets practicality.
Contact:
4/222 Harbor Mall Building, 11th Floor, Unit 11A01, Moo 10, Sukhumvit Road, TungSukla, Sriracha, Chonburi 20230
Tel. 02 582 8866 (English Contact Center)
email: service@roojai.com
7. Dhipaya Insurance
Dhipaya Insurance stands out as a provider offering steadfast protection, given its government sector shareholders—Government Savings Bank, Krung Thai Bank, and GPF. The company provides a range of packages, allowing customers to choose coverage based on driving distance and benefit from ESQ (Excellent Service Quality) services. Dhipaya Insurance goes the extra mile by offering specialized protection services exclusively for women and providing car services for use during repairs. Their after-sales service is recognized for its excellence, characterized by meticulous follow-up and close customer care, earning praise consistently.
Contact:
1115 Rama 3 Rd., Chong Nonsi Yannawa, Bangkok 10120
Tel. 02 239 2200
email: General-Claim@dhipaya.co.th
8. Muang Thai Insurance
Muang Thai Insurance Company distinguishes itself with competitive car insurance premiums, offering prices lower than many counterparts. Despite its affordability, Muang Thai Insurance remains a reputable company known for providing excellent service. A key attraction for customers is the option to pay insurance premiums in convenient installments, extending over a period of up to 10 months. With a management team boasting extensive experience, Muang Thai Insurance consistently impresses customers, maintaining a stellar reputation for over 72 years.
Contact:
252 Rachadaphisek Road, Huaykwang, Bangkok 10310
Tel. 0 2665 4000
email: info@muangthaiinsurance.com
9. Direct Asia Insurance
Direct Asia Insurance is a car insurance company that prioritizes offering affordable insurance. A key highlight is the commitment to reaching the scene within 30 minutes, supported by a network of partner repair centers nationwide. This widespread coverage ensures convenient access for customers seeking repair services for their vehicles. While some customers noted a slight delay in reporting damage claims, the overall consensus is that the value provided justifies the cost.
Direct Asia Insurance operates under the insurance broker license number W00004/2556.
Contact:
173/21 Asia Centre Building, 20/F, South Sathorn Rd.
Line: @Directasiathailand
Tel. 02 767 7777
email: customerservice@directasia.com
10. Tidlor Insurance
Tidlor Insurance emerges as a new and trusted player in the car insurance industry, garnering trust from affiliated loan companies. Positioned to gain prominence in 2024, Tidlor introduces a system for instant online verification of insurance premium costs. Customers can effortlessly input their car details, including brand, model, age, insured amount, and the car’s claim history from the past year, receiving instant online quotes. The unique feature of allowing service fee payments in 10 installments without requiring a credit card adds to the appeal. It’s essential to note that timely payment of installments is crucial, as failure to do so may result in immediate termination of car insurance. A convenient and modern option for those seeking flexible payment plans.
Contact:
428 Ari Hills 9th -15th Floor, Phahonyothin Road, Samsennai, Phayathai, Bangkok 10400
Tel. 088-088-0880
email: contactcenter@tidlor.com
Types of Car Insurance in Thailand
In Thailand, there are various types of car insurance, each offering different levels of protection. Among them, Class 1 insurance stands out as the highest and most comprehensive coverage. Class 2+ insurance closely resembles Class 1 but specifically covers damages to the other party involved, who owns a land vehicle. On the other hand, Class 3 insurance differs from Class 2+ in that it excludes coverage for events such as the loss, fire, theft, or damage to your own vehicle. Both Class 2+ and Class 3 insurance only cover damages to the other party, leaving the repair costs for your own vehicle to be borne by you.
| Coverage Insurance Type | 1 | 2+ | 2 | 3+ | 3 |
|---|---|---|---|---|---|
| Self Accident | O | X | X | X | X |
| Collsion | O | O | X | O | X |
| Medical Expenses | O | O | O | O | O |
| Theft | O | O | O | X | X |
| Fire/Flood | O | O | O | X | X |
| Terrorism | O | O | O | X | X |
| 3rd Party Property Damage | O | O | O | O | X |
| 3rd Party Personal Injury | O | O | O | O | O |
Car insurance is crucial, especially for foreigners using cars in Thailand, as accidents can occur at any time. In the unfortunate event of an accident, the chosen insurance company becomes a vital ally, providing the best possible benefits and assistance in navigating the aftermath. This includes aiding in the clearance and management of expenses resulting from road accidents, as well as coordinating with relevant government agencies and other involved parties. Fortunately, there are numerous insurance companies in Thailand dedicated to assisting foreigners in making informed choices to address their specific needs.
Documents Required for Foreigners
All of the top 10 insurance companies mentioned provide dedicated Customer Service for foreigners, enabling direct communication to facilitate the insurance process. The cost of insurance premiums is determined based on various factors such as the driver’s age, driving history, vehicle type, claims history, and specific coverage details for each company. It is essential for foreigners seeking insurance in Thailand to thoroughly understand these aspects, requiring comprehensive research.
The necessary documents for foreigners to obtain car insurance in Thailand include:
- Copy of driver license
- Copy of employment certificate
- Copy of Work Permit
- Copy of Passport
- Copy of the car owner book (blue book)
- Original insurance policy (if applicable)
- Additional documents as per the specific requirements of the insurance company.
By submitting complete, accurate, and clear documents, foreigners can seamlessly acquire the necessary car insurance. There is no need for concern or hesitation, whether due to being a foreigner or contemplating going without car insurance. Given that accidents can occur unexpectedly, obtaining car insurance becomes a prudent choice, enhancing peace of mind throughout the journey.
