Insurance and tax when you sell your car

[lassebasse]

Just wondering how they do in Thailand with insurance and tax when you sell a car. Does the insurance go with the seller? That is he will cancel his insurance and get some refund and does the tax go with the car? Please share if you have any experiance with these procedures.

[minimiglia]

All goes with the car

[sometimewoodworker]

All goes with the car

True car Insurance in Thailand is quite unusual to most countries as it is virtually always that it is the car not the driver that is insured, though there may be restrictions as to who can drive

[AA Ins Broker]

Just wondering how they do in Thailand with insurance and tax when you sell a car. Does the insurance go with the seller? That is he will cancel his insurance and get some refund and does the tax go with the car? Please share if you have any experiance with these procedures.

As mentioned the insurance is with the vehicle so when you sell the vehicle you can either cancel and ask for a refund** or pass on the Policy to the new owner.
In both cases simply tell your Broker what you want to do and they will take care of it for you.
If you have had the insurance a few years without claims then it’s advantageous for the new Owner to take over the Policy and to pay the full amount left on the Policy to the Seller
As far as the Road Tax is concerned, that stays with the Vehicle

** there will be a ‘deduction’ for service(?) by the insurance company.

Peter
[email protected]

[parrot]

After we sold our truck in May, I went to Viriyah and asked for a cash-in on the unused portion of my first class insurance. No problem......auto deposited into my bank account a few days later. The mandatory insurance transfers to the new buyer.

[jackspratt]

Does anyone have recent experience with this?

I recently sold a car, with full Class 1 insurance, to a family member. My understanding was that the insurance followed the car to the new owner.

However, when I contacted the broker Roojai to find out what details they would require re the new owner, after the 3rd email they finally responded with

Please be informed that if there is a change in the registered owner, you will need to cancel the current policy and issue a new one under the new owner's name.

This conflicts with the above posts, so I would welcome any input before I get back to Roojai. My inclination is to get a refund on the unused portion of the policy, and pass it on in full to the new owner, to put towards a new policy if they choose to insure.

[tamada]

Correct. Cancel the current first class insurance, depending on how much was remaining, you may get a small refund. Let the new owner sort out their own insurance. They will probably only buy the mandatory government insurance but whatever is remaining on that will rollover to the new owner anyway.

[sometimewoodworker]

Does anyone have recent experience with this?

I recently sold a car, with full Class 1 insurance, to a family member. My understanding was that the insurance followed the car to the new owner.

However, when I contacted the broker Roojai to find out what details they would require re the new owner, after the 3rd email they finally responded with

Please be informed that if there is a change in the registered owner, you will need to cancel the current policy and issue a new one under the new owner's name.

This conflicts with the above posts, so I would welcome any input before I get back to Roojai. My inclination is to get a refund on the unused portion of the policy, and pass it on in full to the new owner, to put towards a new policy if they choose to insure.

Roojai is a rather non conventional insurance provider, they allow for much more granular policies than is usual so you can reduce the policy cost with restrictions on who are insured etc. they are good at explaining the details if you ask but won’t volunteer information that you don’t ask for. So the policies are usually cheaper than other insurers in part because they are more restrictive. Most other insurers will just transfer the insurance to a new owner as they are probably banking in a renewal and there is nothing in the insurance that the change will affect.


However you (if you trust your family member) can delay the transfer of ownership.
This is a course of action that has its own consequences.

[joepai]

Does anyone have recent experience with this?

I recently sold a car, with full Class 1 insurance, to a family member. My understanding was that the insurance followed the car to the new owner.

However, when I contacted the broker Roojai to find out what details they would require re the new owner, after the 3rd email they finally responded with

Please be informed that if there is a change in the registered owner, you will need to cancel the current policy and issue a new one under the new owner's name.

This conflicts with the above posts, so I would welcome any input before I get back to Roojai. My inclination is to get a refund on the unused portion of the policy, and pass it on in full to the new owner, to put towards a new policy if they choose to insure.

Unless this was a named driver policy let the family member use the car/insurance - as normally car policies here are for 'any driver'

[jackspratt]

The car (and insurance) were in my wife's name - to simplify things in the event of my death.

I was not willing to risk leaving it as such, once the vehicle was out of our control. The new owner also wanted the ownership to be transferred.

I have sent a further email to Roojai asking the procedure for cancelling the policy, and also the amount of refund. Hopefully it won't take 3 tries for them to answer this time.

Thanks for all your thoughts.

[sometimewoodworker]

Unless this was a named driver policy let the family member use the car/insurance - as normally car policies here are for 'any driver'

As I pointed out above Roojai allows considerable customisation of its policies (I have a Roojai policy) so your suggestion is making assumptions that are incorrect. Our policy does not allow any driver, it has limits and I could have disallowed anyone not named to drive.

There is also the fact that if jackspratt’s wife remained as the owner of the vehicle (something neither he nor the new owner wanted) then JS’s wife had liability in the event of an accident

[sometimewoodworker]

The car (and insurance) were in my wife's name - to simplify things in the event of my death.

I was not willing to risk leaving it as such, once the vehicle was out of our control. The new owner also wanted the ownership to be transferred.

I have sent a further email to Roojai asking the procedure for cancelling the policy, and also the amount of refund. Hopefully it won't take 3 tries for them to answer this time.

Thanks for all your thoughts.

Why don’t you call Roojai? The call centre has excellent English speakers and they are well educated on insurance matters. 02 080 9196 English Contact Center, you will need to wait until 8:30 on Monday though.

I have used the call center and the experience was great.

[jackspratt]

From an abundance of caution, I like to have everything in writing.

As for the policy, I was nominated as the "main driver", but others were allowed.

Also bear in mind that Roojai are just brokers - they are not the actual underwriter. So they will likely lose a portion of their commission when the refund is calculated.

[sometimewoodworker]

From an abundance of caution, I like to have everything in writing.

That is understandable, however you will get an answer quickly and can, as I did, ask for confirmation in writing. This gives the benefit if speed and written confirmation.

This seems to be a reasonable choice.

Also bear in mind that Roojai are just brokers - they are not the actual underwriter. So they will likely lose a portion of their commission when the refund is calculated.

Of course, however the business model suggests that they succeed on customer support, so I doubt that the loss of commission os a significant factor.

[sometimewoodworker]

From an abundance of caution, I like to have everything in writing.

That is understandable, however you will get an answer quickly and can, as I did, ask for confirmation in writing. This gives the benefit if speed and written confirmation.

This seems to be a reasonable choice.

Also bear in mind that Roojai are just brokers - they are not the actual underwriter. So they will likely lose a portion of their commission when the refund is calculated.

Of course, however the business model suggests that they succeed on customer support, so I doubt that the loss of commission os a significant factor.

[joepai]

Unless this was a named driver policy let the family member use the car/insurance - as normally car policies here are for 'any driver'

As I pointed out above Roojai allows considerable customisation of its policies (I have a Roojai policy) so your suggestion is making assumptions that are incorrect. Our policy does not allow any driver, it has limits and I could have disallowed anyone not named to drive.

There is also the fact that if jackspratt’s wife remained as the owner of the vehicle (something neither he nor the new owner wanted) then JS’s wife had liability in the event of an accident

Read my post. I was not 'making assumptions'

[tamada]

From an abundance of caution, I like to have everything in writing.

As for the policy, I was nominated as the "main driver", but others were allowed.

Also bear in mind that Roojai are just brokers - they are not the actual underwriter. So they will likely lose a portion of their commission when the refund is calculated.

You can cancel using their app.

Confirmation will be via email. If you need it in writing, print it.

They won't lose any of their commission as that will be deducted from your partial refund.

[Drunk Monkey]

Renewed the truck insurance today along with the compulsory porabor and road tax disc for windscreen.

Bit of info from he Virayha guy in Udon who takes care of all my stuff.

Approx 2 or 3 months ago the police and transportation department ceased being linked online where as unpaid fines for speeding and red light jumping caught on CCTV had to be paid before the new tax disc could be issued .. this is no longer happening and locations doing vehicle checks and renewing tax discs no longer check for unpaid fines and they dont show on the online system...
Im guessing possible lobbying and or complaints by the BIB re a tea bag shortage may have swayed this decision as they much rather prefer roadside refreshments direct while the kettles still boiling.

Also upon renewal of insurance it may be a good idea to check all parts of the policy are the same as there have been some changes in whats included in policies across the range First Class, Second and Third level with most of the bigger Thai companies .. i was informed only First Class cover now includes to cost of transporting a damaged vehicle from the crash site to the specified repairing station or police compound if an offense was involved and the policy holder must pay this if its not a first class policy.

A no brainer for anyone doing regular travel as the premiums were in my case close enough not to veer off from First class .

Exactly the reason been seeing way way more BIB road checks in the last few weeks and out of date Tax disc must make up a huge percentage of their tea caddy.

all above as info only ..safe travels to all.

DM