My current auto policy is due to expire, and I notice that for the policy renewal, the insurance company (AXA) has reduced the third-party liability coverage on the per-person bodily injury benefit from 1 million baht to 500,000 baht. This concerns me, and the broker won't offer any advice about the amount of coverage that I should have. But it begs the question: how much coverage do I really need? I'm not a bad driver, but I worry that I could find myself without much financial protection in a lawsuit situation. Anybody have any insights on this?

I've been renewing the same policy, with the same broker, for something like 10 years now, and this is the first time I've noticed an effort to reduce the benefits.

Thanks for any feedback!

17 hours ago, funlovinkid said:

My current auto policy is due to expire, and I notice that for the policy renewal, the insurance company (AXA) has reduced the third-party liability coverage on the per-person bodily injury benefit from 1 million baht to 500,000 baht. This concerns me, and the broker won't offer any advice about the amount of coverage that I should have. But it begs the question: how much coverage do I really need? I'm not a bad driver, but I worry that I could find myself without much financial protection in a lawsuit situation. Anybody have any insights on this?

I've been renewing the same policy, with the same broker, for something like 10 years now, and this is the first time I've noticed an effort to reduce the benefits.

Thanks for any feedback!

Just have them increase the liability to a level you feel comfortable with. Of course there could be a significant increase in your cost.

10 hours ago, flexomike said:

Just have them increase the liability to a level you feel comfortable with. Of course there could be a significant increase in your cost.

They won't go above 500,000, even if I request it. The only option they offer is to switch to another insurer. I can't help but wonder if it's due to my increasing age, maybe the companies don't want to provide much liability coverage to older drivers because they're statistically more likely to cause an accident?

Find another agent or company. You can change companies every year if you want to. I have changed at least 3 times over the past 10 years and got what I wanted to make sure I was covered. The amount of coverage for the car itself always goes down each year due to depreciation, but I keep the rest as it was the first year. They may just be trying to keep your premium low so you are happy with the price, but you do have options. I get quotes from 2-3 companies from my agent every year. Good luck

They are insuring the vehicle, not the driver so I would think your age should not matter. Having said that, I know in at least one country if there is a teenage licensed driver in the household, car insurance rates go up. So perhaps here they do want to know the drivers’ age(s).

It used to be liability insurance was pretty inexpensive, the least expensive component of any car insurance policy. I always purchased the maximum amount of liability insurance they would underwrite.

I've also just received quotes for the renewal of our vehicle's insurance. One of the options was AXA with 500,000 per-person third party liability limit, which was less expensive than the current insurer's expiring policy. I asked the broker to get AXA to re-quote with a higher per-person limit, but was advised that AXA won't.

Liability insurance in Thailand isn't particularly expensive, so the best advice is to purchase the highest limit you can reasonably afford. In my opinion, 500,000 baht isn't sufficient and I don't understand why AXA think they need to restrict their offering to such a low limit.

On 7/11/2026 at 10:54 AM, Front Row said:

They are insuring the vehicle, not the driver so I would think your age should not matter. Having said that, I know in at least one country if there is a teenage licensed driver in the household, car insurance rates go up. So perhaps here they do want to know the drivers’ age(s).

It used to be liability insurance was pretty inexpensive, the least expensive component of any car insurance policy. I always purchased the maximum amount of liability insurance they would underwrite.

Well, no, liability insurance is entirely about insuring the driver - which is exactly why rates go up when there's a teenager in the household, as you say.

On 7/11/2026 at 11:05 AM, Etaoin Shrdlu said:

I've also just received quotes for the renewal of our vehicle's insurance. One of the options was AXA with 500,000 per-person third party liability limit, which was less expensive than the current insurer's expiring policy. I asked the broker to get AXA to re-quote with a higher per-person limit, but was advised that AXA won't.

Liability insurance in Thailand isn't particularly expensive, so the best advice is to purchase the highest limit you can reasonably afford. In my opinion, 500,000 baht isn't sufficient and I don't understand why AXA think they need to restrict their offering to such a low limit.

I've just sent you a private message about this.

On 7/11/2026 at 10:23 AM, jcmj said:

Find another agent or company. You can change companies every year if you want to. I have changed at least 3 times over the past 10 years and got what I wanted to make sure I was covered. The amount of coverage for the car itself always goes down each year due to depreciation, but I keep the rest as it was the first year. They may just be trying to keep your premium low so you are happy with the price, but you do have options. I get quotes from 2-3 companies from my agent every year. Good luck

No, it's not about keeping my rates low, I've already requested that they boost the liability limit from the proposed 500,000 back up to 1 million (which it was previously), and the broker tells me that AXA won't go any higher than this. But thank you for the feedback, I think I'll follow your suggestion and ask for additional quotes.

It's my impression that AXA is a known entity among foreigners here as a reliable insurance company, but I'm being offered a replacement policy from my broker by a company named MSIG - which apparently has roots in Mitsui Sumitomo, and is based in Singapore. Anybody have any (good or bad) experience with this company? Feel free to PM me here, if you prefer.

Insurance?!? That's not the Thai way! Flee the scene...