Complete Guide to Choosing EV Car Insurance

The shift towards electric vehicles (EVs) in Thailand is accelerating rapidly, prompting the car insurance industry to adapt to the unique needs of EV owners. Unlike traditional combustion engine vehicles, EVs come with distinct risks and costs. Therefore, selecting appropriate EV car insurance is crucial. This article provides a comparison of EV car insurance plans from leading providers in 2025, highlighting special coverages and features to help you decide on the best EV car insurance providers that suit your usage and budget.

Updated 2025 Regulations for Electric Car Insurance

Many still believe that standard comprehensive insurance applies equally to EVs as it does to combustion vehicles. In reality, EVs have different risk factors and cost burdens. As a result, the Office of Insurance Commission (OIC) has issued a new Registrar Order (47/2566), mandating insurance companies to offer specific policies for electric vehicles. These policies distinctly cover battery protection, named driver specifications, and charging equipment coverage, detailed as follows:

Named Driver Specification

EV car insurance policies must clearly specify the names of up to five drivers (an increase from the previous limit of two). If an accident occurs and the driver is not among the named individuals, the policyholder may be liable for an excess of 6,000–8,000 Thai baht.

Battery Coverage

Battery coverage is distinctly separated from the vehicle itself, with compensation based on the batteries age:

• Vehicle age ≤ 1 year: 100% of new battery value
• Vehicle age ≤ 2 years: 90%
• Vehicle age ≤ 3 years: 80%
• Vehicle age ≤ 4 years: 70%
• Vehicle age ≤ 5 years: 60%
• Vehicle age > 5 years: 50%

Charging Equipment Coverage

Additional coverage is provided for home chargers and charging cables, including damages resulting from their use.

Essential Checklist: What to Consider When Choosing EV Car Insurance

Before diving into specific providers, consider the following factors to ensure you select the most suitable electric car insurance:

• Battery Coverage: Is it separate from the vehicle coverage? How is compensation determined based on battery age?
• Charger Coverage: Does it include home chargers and cables? 
• Named Driver Specification: How many drivers can be named? Are there excess conditions?
• Repair Shop Options: Can you choose between authorized service centers and standard garages?
• Emergency Assistance: Is roadside assistance available for battery depletion or vehicle breakdowns? How many times per year?
• Third-Party Coverage: What are the coverage limits for medical expenses, bail, and property damage?
• Claim Process: How quick is the repair approval? Are there convenient claim channels (app/online)?
• Flexibility and Discounts: Can coverage be customized? Are there discounts based on driving behavior or 0% installment plans?

Best EV Car Insurance Providers in 2025

Now that we understand what is covered in EV car insurance, let's explore leading providers offering specialized EV car insurance plans in 2025:

AXA (แอกซ่า)

Highlights: 

• Covers damages or loss to home EV chargers and cables
• Liability coverage for third-party damages from charger use at home or public stations
• 24/7 "AXA Roadside Service"
• Easy online purchase within 3 minutes

Starting Premiums:

• Tesla: Approx. 44,000–62,000 Thai baht
• BYD: Approx. 16,000–42,000 Thai baht
• MG: Approx. 14,000–29,000 Thai baht (Maxus 9: Approx. 47,000 Thai baht)

Allianz Ayudhya

Highlights:

• Comprehensive coverage for drivers, passengers, vehicle, and battery
• 24/7 towing service
• Express paint repair within 24 hours for minor damages
• 100% tire replacement cost if damaged within 2 years

Starting Premiums:

• NETA V: 24,000 Thai baht
• MG4, EP, ES: 28,000–31,000 Thai baht
• Tesla: 62,000 Thai baht
• BYD: 28,000–42,000 Thai baht

รู้ใจ (Roojai)

Highlights:

• Battery coverage up to 100% based on age
• Optional home charger coverage
• Plans allow naming up to 5 drivers
• 24/7 roadside assistance

Starting Premiums:

• BYD: 8,106 Thai baht
• MG: 7,679 Thai baht
• Tesla: 21,863 Thai baht
• NETA: 5,598 Thai baht
• ORA: 8,085 Thai baht

Sunday

Highlights:

• Customizable coverage plans
• "Livestream Claim" service for quick claims within 15 minutes and repair approval in 3 days
• 0% installment for up to 10 months with participating credit cards
• Easy claims via mobile app

Starting Premiums:

• Tesla: Approx. 44,370–47,110 Thai baht
• BYD: Approx. 22,500–30,500 Thai baht
• NETA V: Approx. 17,105 Thai baht
• ORA: Approx. 21,867 Thai baht
• MG: Approx. 21,204–54,829 Thai baht

Viriyah Insurance

Highlights:

• Comprehensive coverage for EVs and damages
• Coverage for theft or fire while charging
• Over 160 service centers nationwide
• Third-party coverage up to 10 million Thai baht per incident

Starting Premiums:

• From 16,900 Thai baht (varies by model and vehicle value)

No Single "Best"—Only the "Most Suitable"

Choosing EV car insurance in 2025 offers more options than ever before. It's not about finding the "best" provider, but the one that best fits your needs. Each vehicle and driver has unique behaviors, requirements, and budgets. 

Therefore, when selecting EV car insurance, ask yourself, "How do I use my car?" and choose the plan that aligns most closely with your preferences.

Now that you know what EV car insurance covers and the available providers, another crucial aspect is selecting an EV that suits your needs. If you're interested in purchasing an electric car, EVme offers a variety of models to choose from. You can compare EV car prices on their website and schedule a test drive for your preferred model.

Exclusive Offers for EVme Customers:

•  Low down payment with up to 84-month installments
•  Replacement vehicle in case of issues with your EV*
•  24-hour roadside assistance for emergencies

*Conditions apply for vehicle issues not related to road accidents.

References:

1. อัปเดต ! ความคุ้มครองประกันรถไฟฟ้า 2568 ตามประกาศล่าสุดจาก คปภ.. Retrieved April 9, 2025, from จาก https://www.silkspan.com/article/insurance/ev-car-insurance-update/