Motor Expo 2026

Nowadays, buying a car with included insurance has become a necessity for all car manufacturers to offer to car buyers. And after 1 year of coverage, in the following year, the car buyer will have to pay the insurance premium themselves, which can be a huge burden for those on a tight budget, with installment payments and premium costs... For anyone whose car insurance is about to expire, we have various ways that can help reduce car insurance premium expenses by 5-20% How can insurance premiums be reduced?  

1. Driver specification, pay less... 
If we think no one else will use our car, when getting insurance, choose to specify the driver's name (up to 2 people can be specified) because specifying the driver's name will give a discount of 5-20% depending on the driver's age which helps reduce the coverage burden for the car insurance company, as the insurance company will only be responsible for damages according to the specified driver's name. Additionally, specifying the driver's name will allow the company to know the driver's age, which will help us receive car insurance premium discounts, divided into 4 age ranges as follows: 

2. Accepting fault for the first part of the damage yourself (We are the "at-fault" party)

Buying insurance with a deductible where you accept responsibility for the first part of the damage can also reduce premiums by 1,000-5,000 Baht. What is the first part of the damage that the insured must be responsible for themselves? 

The first part of the damage cost, or excess fee, is what the insured must pay each time an accident occurs and we are the "at-fault" party, approximately 1,000 Baht. Mostly, excess fees are only found in cheaper insurance types that offer coverage similar to Class 1 insurance, such as Type 2 Plus and 3 Plus. These insurance policies have low premiums, so insurance companies require a deductible.

3. Good driving record, no "claims"

Furthermore, if we have a good driving record from the previous year's insurance with the same company, we can get an additional premium reduction of 20-50%, which, when combined with other discounts, is considered the most worthwhile purchase.

Related article: How to use car insurance to get the most value!

4. Install a dash cam

Recently, the Office of Insurance Commission or (OIC) has recognized the importance of installing cameras in cars and has issued an order for insurance companies to provide a 5-10% discount on net car insurance premiums for vehicles equipped with CCTV cameras, with immediate effect (Click ! here for details)  

If readers know of any other ways to reduce our car insurance premiums, please feel free to comment.