damole Posted July 11, 2019 Share Posted July 11, 2019 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. Link to comment Share on other sites More sharing options...
Henryford Posted July 11, 2019 Share Posted July 11, 2019 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. Link to comment Share on other sites More sharing options...
Kwasaki Posted July 11, 2019 Share Posted July 11, 2019 7 hours ago, damole said: should I be shopping around. Definitely. Link to comment Share on other sites More sharing options...
Happy Grumpy Posted July 11, 2019 Share Posted July 11, 2019 Tokio Marine. Link to comment Share on other sites More sharing options...
ktm jeff Posted July 11, 2019 Share Posted July 11, 2019 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. Link to comment Share on other sites More sharing options...
OneMoreFarang Posted July 12, 2019 Share Posted July 12, 2019 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. Link to comment Share on other sites More sharing options...
CharlieH Posted July 13, 2019 Share Posted July 13, 2019 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 ! Link to comment Share on other sites More sharing options...
damole Posted July 13, 2019 Author Share Posted July 13, 2019 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? Link to comment Share on other sites More sharing options...
Gnasher328 Posted July 17, 2019 Share Posted July 17, 2019 I have been insuring my CRF250 with Tokyo Marine, seem to remember it being @ 5kBht. Link to comment Share on other sites More sharing options...
pbas400 Posted July 18, 2019 Share Posted July 18, 2019 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 Link to comment Share on other sites More sharing options...
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