250cc insurance

[damole]

Last July I bought a new Kawasaki Z250Sl in Chiang Mai for ฿108,000 .  It came with one year's 1st class free insurance as part of a promotion.  I just received the renewal notice from Lockton and it is ฿13,093.  This seems excessive so I wondered if this is a fair market price or should I be shopping around.

[Henryford]

That's the problem with bike insurance here. That price is more than my car. Paying it for a few years is more than the bike is worth.

[Kwasaki]

7 hours ago, damole said:

should I be shopping around.

Definitely.

[Happy Grumpy]

Tokio Marine. 

[ktm jeff]

There is a AXA insurance shop on the outside of Tha Phae gate , near Mc Donalds. Insurance first class will be around 8-10 K.

[OneMoreFarang]

The renewal of the first class insurance for my 390cc 220,000B bike would have cost about 12,000THB. So it seems your insurance is expensive.

[CharlieH]

Just tried this for your bike and it came out at 9743.00 baht !

May be of interest ?

As with all insurances it's depends on level of cover.

This was based on 80k value

 

https://misterprakan.com/en/motorbike/motorbike-insurance-thailand

 

Shop around !

 

 

 

 

[damole]

The insured value was 120K.

 

As I am only here for 5-6 months a year and the rest of the time it is parked inside my friend's guest house it make the cost seem even more unreasonable even though I understand this is down to my own choices.

 

Are insurance premiums in Thailand risk assesed or purely down to the value of the veheicle?

[Gnasher328]

I have been insuring my CRF250 with Tokyo Marine, seem to remember it being @ 5kBht.

[pbas400]

16 hours ago, Gnasher328 said:

I have been insuring my CRF250 with Tokyo Marine, seem to remember it being @ 5kBht.

exactly

 

for my Honda Rally 250.... 5500 THB

 

i ask for Honda Forza 300....8200 THB