In recent months, there has been a sharp increase in the number of road accidents in Thailand. This has led to not only an increase in the number of insurance claims, but also an increase in the cost of premiums. What is behind this sudden surge in accidents? And what can be done to mitigate the risk and bring premiums back down?
A Touristic City
The first thing to look at when trying to understand why this is happening is the overall growth in travel and commerce in Thailand. The country has experienced a boom in tourism in recent years, and this has led to an increase in the number of vehicles on the roads. With more cars on the road, there are more opportunities for accidents to happen. Couple this with inexperienced drivers who may not be familiar with the local roads and driving conditions, and you have a recipe for disaster.
Poor Road Conditions
Another contributing factor is the state of disrepair that many of the roads are in. Thailand’s roads are not built to handle the amount of traffic that they currently experience. This results in congestion, which leads to frustrated drivers who may take risks they wouldn’t normally take . Coupled with the inexperienced drivers mentioned before, this can create an environment where accidents are almost inevitable.
Finally, there is the fact that roads in Thailand aren’t always well-lit or clearly marked. This means that it’s easy for drivers to make mistakes, and harder for them to avoid collisions.
So what can be done to reduce the number of accidents and lower insurance premiums? For starters, the government could invest in infrastructure projects to improve the condition of the roads. This would not only make them safer, but also help to ease congestion. In addition, stricter enforcement of traffic laws would go a long way towards making Thai roads safer for everyone involved. Although these are problems that the government could well possibly fix, you will have to prevent yourself from the dangers of getting involved in an accident.
Get yourself an Insurance Policy
Luckily, there are a number of insurers in Thailand that offer competitive prices for auto insurance policies. Doing some research to find the best policy for you can help to mitigate the risk of accidents and lower your premiums.
Getting the right insurance could be the best way for you to protect yourself from any financial burden that might arise due to any unforeseen circumstances. Compare the different types of insurances online to get the Best Insurance in Thailand.
Roojai, Thailand’s leading insurance provider, provides comprehensive coverage from the best providers in the market so you can be rest assured that your money is safe and secure. With their online portal, you can get all the information about different insurances, compare prices and get instant quotes – all at the click of a button!
The recent increase in road accidents is a cause for concern for both citizens and businesses alike. However, by taking a closer look at the underlying causes, it is possible to develop strategies to mitigate the risk and bring rates down. By investing in infrastructure projects and increasing enforcement of traffic laws, Thai roads can become safer for everyone involved.