Hello,

i have a question about my car insurance. It is time to renew, and my broker send me a new policy.

I bought a new car a year ago. 1st class insurance AXA, cover for own damage last year 820000 THB, now 700000 THB, fire and theft last year 820000, now 700000.

I understand the value of my car goes down in one year, but this is a drop of 12%, while the yearly rate is still the same. So less coverage but same rate.

Is this normal?

Thank you....

Ask about no claims bonus and also they do a reduced price if you accept an excess damage clause - I'm referring to AXA.