How to Switch Car Insurance Companies If Current Policy is Not Expired Yet

There are some times that you might want to switch car insurance companies because services from the company that is serving you could not satisfy your needs. And it might be a hard situation for ones who have no experience of switching car insurance companies, especially ones who buy car insurance in Thailand and want to switch them while the policy is not expired yet. So, here are the steps of switching car insurance companies in Thailand.

Why Does Someone Want to Switch Car Insurance Companies?

As mentioned above, one might encounter flaws in the services from insurance companies. Apart from that, there are reasons why one wants to switch insurance companies. The reasons may include ineffective coverage, receiving better offers from another company, and buying a new car, in which they need to buy insurance for their new car.

The Process of Switching Car Insurance Companies

If you want to cancel your car insurance policy by notifying your insurance provider to proceed with the cancellation and reimbursement process. It is necessary to keep in mind that the reimbursement will be prorated based on the terms and conditions of the company. After the cancellation process is completed, you can now purchase your new car insurance from the same company, or you can look for a different insurance company.

Advantages and Disadvantages of Switching Car Insurance Companies

As you might have switched car insurance companies, you will receive the better premiums rate for your new insurance policy. However, if you drive recklessly, it might not be considered worth your time and money because with the previous insurance provider, they might offer you a discount as you renew the policy. Also, by the time you are waiting for the cancellation process, that means your car will not be covered at all, and you have to drive more carefully. And most importantly, it would be a waste of your time to proceed with the cancellation process. So after all, it might not be worth switching car insurance companies. However, it is all up to you to consider what you should do with your car insurance; to continue or to cancel.

Whether you manage to switch the provider or not. For your consideration, Rabbit Care is the best insurance broker which provides you a variety of car insurance in Thailand. With Rabbit Care, you will receive lots of benefits such as roadside assistance service, best price guaranteed, and so many more.