# Reasons You Need a Car Insurance When Driving in Thailand Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-12-16 Category: INSURANCE Category URL: https://financedigest.com/category/insurance Meta Title: Why Car Insurance Is Essential in Thailand Meta Description: Discover the importance of car insurance in Thailand and why it's essential to protect yourself from financial liability in case of an accident. Compare URL: https://financedigest.com/reasons-you-need-a-car-insurance-when-driving-in-thailandhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/istock-1143880325-1736814713654-compressed.jpg) **Introduction** You may not think that you need [car insurance](https://www.financedigest.com/5-tips-for-selecting-the-best-car-insurance-coverage.html). After all, most people don’t consider their cars to be a financial burden or an investment. After all, they’re just tools that we use to get around and drive us to various destinations. You may think that because your [car doesn’t cost much money](https://www.financedigest.com/6-tips-to-save-money-on-your-next-used-car-purchase.html "6 Tips to Save Money on Your Next Used Car Purchase") and hasn’t paid off yet, it’s not worth protecting with insurance. But even if you’re in the clear financially (and even if you’re not), there are several reasons why having [car insurance](https://www.financedigest.com/ten-things-youre-doing-that-are-invalidating-your-car-insurance.html "TEN THINGS YOU’RE DOING THAT ARE INVALIDATING YOUR CAR INSURANCE") is important. When it comes to purchasing car insurance in [Thailand](https://www.lonelyplanet.com/thailand), you will need to do research. Comparing car insurance types from a trusted website like [EasyCompare](https://www.easycompare.co.th/) is very recommended. **The first reason for [car insurance](https://www.financedigest.com/how-data-is-revolutionising-car-insurance.html "How data is revolutionising car insurance") is to make sure that you’re not liable for any costs incurred as a result of an accident.** The first reason for [car insurance](https://www.financedigest.com/being-aware-of-the-insurance-blind-spot-when-it-comes-to-driverless-cars.html "Being aware of the insurance blind spot when it comes to driverless cars") is to make sure that you’re not liable for any costs incurred as a result of an accident. If your vehicle is damaged and there are no other drivers or passengers involved, it’s not an issue. But if there is another person on the road with you who gets hurt or their property gets damaged (or both), then you could be held responsible for those costs—and that can add up quickly! You might have to pay: - Medical bills for anyone injured in the accident—including yourself. You’ll also be responsible if someone else’s medical expenses go beyond their policy coverage limits. - Property damage caused by the accident—for example, if someone crashes into a parked car without being able to see it because of lowered visibility from snowfall or foggy conditions.\* The cost of repairing or replacing another [driver’s](https://www.financedigest.com/pimp-my-ride-south-east-drivers-most-likely-to-modify-their-cars.html "Pimp my ride! South East drivers most likely to modify their cars") car (or yours) after an accident.\* A rental fee while theirs is being repaired.\* Other costs associated with filing a claim against them such as attorney fees and court costs **The second reason to [purchase car insurance](https://www.financedigest.com/uk-consumers-conflicted-when-purchasing-insurance.html "UK Consumers Conflicted when Purchasing Insurance") is to make sure that even if your vehicle sustains damage, it will be covered by the policy.** The second reason to purchase [car insurance](https://www.financedigest.com/10-things-you-could-be-doing-that-invalidate-your-car-insurance.html "10 things you could be doing that invalidate your car insurance") is to make sure that even if your vehicle sustains damage, it will be covered by the policy. This could happen in a collision or when someone else hits you, but even if it’s not intentional and just due to wear and tear over time. This means that instead of paying for repairs out of pocket, you’ll only have to [pay for them with the help of your insurance](https://www.financedigest.com/are-you-getting-what-you-are-paying-for-when-it-comes-to-cyber-liability-insurance.html "ARE YOU GETTING WHAT YOU ARE PAYING FOR WHEN IT COMES TO CYBER LIABILITY INSURANCE?") company. If there were any other expenses related to this accident like medical bills or lost wages from [missing work because of injuries sustained](https://www.financedigest.com/big-brands-set-to-miss-plastic-sustainability-targets.html "Big brands set to miss plastic sustainability targets") during an accident, they would also be covered by the policy as well. Also important is knowing whether or not you can get another loan if [needed after an accident occurs while driving without insurance](https://www.financedigest.com/breaking-down-the-types-of-insurance-you-need.html "Breaking Down the Types of Insurance You Need") coverage (or at least driving without collision coverage). If someone else hits your [car while it wasn’t insured](https://www.financedigest.com/scratched-ev-battery-your-insurer-may-have-to-junk-the-whole-car.html "Scratched EV battery? Your insurer may have to junk the whole car") properly under their policy either due to poor planning or lack thereof then they may not be able to apply for another loan either! **Car insurance [protects you in situations where you are not responsible for an accident but still need](https://www.financedigest.com/regulators-need-to-strike-the-balance-between-protection-and-strangulation.html "REGULATORS NEED TO STRIKE THE BALANCE BETWEEN PROTECTION AND STRANGULATION") to cover costs.** If you are in a car accident that is not your fault, car [insurance will cover](https://www.financedigest.com/japan-insurers-to-maintain-cover-for-lng-vessels-in-russian-waters.html "Japan insurers to maintain cover for LNG vessels in Russian waters") the cost of repairs. If you’re in an accident and it is your fault, car [insurance will still cover the cost of repairs—but they may charge you more if they deem your driving](https://www.financedigest.com/whats-driving-consumer-opinion-in-the-insurance-sector.html "What’s driving consumer opinion in the Insurance Sector?") to be risky or careless. [Car insurance](https://www.financedigest.com/electric-car-insurance-your-questions-answered.html "Electric car insurance: your questions answered") also protects against theft and vandalism. In these cases, the policyholder’s vehicle is damaged or stolen while it’s being driven by someone else (such as their spouse) or parked somewhere unsafe (like on the street). The damage or theft may have been caused by someone who was not insured at all! Here’s how this works: If Jane Doe has car insurance but her friend Benji Smith does not, then Jane can file a claim with her insurer after her brand new [Tesla Model](https://www.financedigest.com/tesla-cuts-u-s-model-s-and-model-x-prices-between-4-and-9.html "Tesla cuts U.S. Model S and Model X prices between 4% and 9%") X gets totaled by some idiot who rear-ended it at 65MPH on I-95 Southbound during rush hour traffic. Her insurer will pay up so that she can get [back into an equally luxurious ride within two weeks instead of having to wait months for resale value depreciation rates](https://www.financedigest.com/bank-of-englands-mann-doubles-down-on-backing-for-rate-hikes.html "Bank of England’s Mann doubles down on backing for rate hikes") to go down enough so that she could afford another Tesla Model X on her dime **Car [insurance is a way to keep your family’s](https://www.financedigest.com/types-of-insurance-for-yourself-and-your-family.html "Types Of Insurance For Yourself And Your Family") finances secure.** If you have a family, [car insurance](https://www.financedigest.com/how-insurtech-is-helping-to-lower-car-insurance-rates.html "How InsurTech is Helping to Lower Car Insurance Rates") can help protect them as well. If you are in an accident, the [insurance company](https://www.financedigest.com/incentive-fm-wins-contract-with-global-insurance-services-company.html "Incentive FM wins contract with global insurance services company") will pay for your medical bills and funeral costs. Also if you have a mortgage, the [insurer will cover](https://www.financedigest.com/app-based-insurance-cover-for-millennials-possessions-and-experiences-back-me-up-powered-by-ageas.html "APP-BASED INSURANCE COVER FOR MILLENNIALS’ POSSESSIONS AND EXPERIENCES: ‘BACK ME UP’, POWERED BY AGEAS") any damages to the property that was caused by your own doing. **In most cases,** [car insurance is required by law.](https://www.financedigest.com/eu-approves-law-to-end-sales-of-new-co2-emitting-cars-by-2035.html "EU approves law to end sales of new CO2-emitting cars by 2035") In most cases, car [insurance is required by law](https://www.financedigest.com/the-biggest-ever-shake-up-of-insurance-law-is-finally-here-wellalmost.html "The biggest ever shake up of insurance law is finally here! Well…Almost."). If you live in the U.S., your state’s Department of Motor Vehicles (DMV) or equivalent agency will require that you have at least liability coverage before it will issue a license plate for your vehicle. The benefits of having car [insurance outweigh the cost](https://www.financedigest.com/as-the-cost-of-living-bites-tackling-insurance-quote-manipulation-is-key.html "As the cost of living bites, tackling insurance quote manipulation is key") of not having it by far. Even though it may seem [expensive to pay for coverage and run an errand on foot instead of taking your car](https://www.financedigest.com/top-expensive-car-brands.html "Top Expensive Car Brands") everywhere, accidents can happen anywhere and at any time—and when they do, they tend to be expensive as well! If you’re in an accident with no insurance [coverage or minimal coverage and don’t have medical insurance](https://www.financedigest.com/types-of-insurance-coverage.html "Types of insurance coverage") through work or another source, then any medical treatment required after the accident could potentially leave you tens or hundreds of thousands of dollars in debt rather than being able to treat yourself properly without going through debt collectors later on down the line when bills become overwhelming due just because one accident happened out there somewhere else entirely unrelated directly impacting us here specifically but indirectly related indirectly related indirectly… **Even though it’s required, you should also get it because it protects you and your loved ones.** You don’t want to be stuck with a huge bill if you get into an accident, so make sure to get car insurance. It’s required by law in some states, but even if it isn’t required in your state or country, it’s still a good idea to have it. Car insurance can cover damage to your vehicle and also medical bills if you’re hurt in an accident. **Conclusion** In summary, everyone must understand what car insurance is and why it’s necessary. If you don’t have it, then you [need to start looking into getting coverage immediately because without it there’s a good chance you’ll end up paying much more than just the cost of repairs when something happens](https://www.financedigest.com/what-needs-to-happen-to-improve-the-landscape-for-smes-trying-to-access-finance-options-in-the-uk.html "What needs to happen to improve the landscape for SMEs trying to access finance options in the UK"). --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---