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Motor Insurance Type 1 for Electric Vehicle

Comprehensive insurance covering EV and PHEV

PRODUCT HIGHLIGHTS

  • Motor Insurance Type 1 for EV and PHEV
  • Buy online in 3 minutes and get policy in email instantly.
  • Cover the vehicle, third parties, drivers and passengers in an accident
  • Cover the vehicle for loss by theft, damage by accidents, fire, natural disasters including flood
  • New! Cover for the home charger and charging cable
  • New! Cover for third party liability due to the use of home charger and public EV charging station
  • Repair your vehicle at a dealer's garage for vehicles up to 5 years old
  • Specifying named driver on the policy up to 5 persons
  • Up to 20,000 per accident for additional accessories**
  • Free! Pre-insurance vehicle inspection
  • Free! AXA Roadside Service 24-hour nationwide emergency assistance
  • AXA 4U - new for old replacement for accidental damage on the following 4 items; Tyre, Battery (excluding traction batteries), Lubricant and Coolant, Radio and Audio (which are Included as the vehicle manufacturer's standard specification)

Motor Insurance Type 1 for EV and PHEV

AXA electric vehicle insurance type 1 is designed for the future of green driving. AXA is proud to be an insurance of choice for EV owners, at AXA, we protect what matters. We offer comprehensive coverage and the additional needs for both Electric Vehicle (EV) and Plug-in Hybrid Electric Vehicles (PHEV) including accidental damage of home charger or vehicle charging cable or using public EV charging station with 24-hours roadside assistance via our hotline at 02-118-8111. For more details, please download the brochure CLICK

Moreover, AXA covers the vehicle, third parties, drivers and passengers in an accident including medical expenses, personal accident, and bail bond. In case of accidents, repair your EV at a dealer's garage for your confidence and peace of mind.


Easy quotation steps with best price, Buy Motor Insurance Online with an Installment plan 0% up to 10 Months for credit cardholders of participating banks
and Get a policy in email instantly

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Period: 1 March - 31 July 2024
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OR

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Important Update on Electric Vehicle (EV) Insurance Policy

 
We would like to inform you about an important update concerning Directive No. 47/2566 issued by the Office of the Insurance Commission (OIC). Effective from June 1, 2024, a new Electric Vehicle (EV) insurance policy will be implemented for EVs of passenger cars with less than 7 seats of Type 1 and Type 3 insurance.

For New and Renewing Customers Prior to June 1, 2024:

Customers who confirm their purchase or renewal of insurance by May 31, 2024, will remain covered under the terms of current motor insurance policy until it expires.

For New and Renewing Customers From June 1, 2024 Onwards:

Customers will be subject to the terms of the new EV insurance policy in accordance with the OIC Directive. Under this new policy, it will be mandatory to list a minimum of 1 and a maximum of 5 named drivers per vehicle for personal use. Should an accident occur with a driver who is not a named driver, an excess of 6,000 THB will be payable by the customer. Full name, date of birth, identification number and valid driving license number are information required to name a driver. A copy of the driving license is required for new applications and renewals through offline channels.

This policy change is established to comply with the OIC's Directive, aiming to develop EV insurance policies that align with customer needs, enhance road safety standards, and provide benefits to both customers and society.

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**Authorized motor online insurer by the Office of Insurance Commission**

Online motor insurance is eligible for new AXA customers or existing AXA customers who do not have any motor claims in the past 12 months. (In case you had any claims, the company must decline and proceed to cancel your policy.)


Motor Insurance Type 1 for EV and PHEV: Table of Benefits

Coverage Limit of Liability (THB)

Third Party Liability

Bodily injury (Over maximum limit of compulsory motor insurance only)/Person

1,000,000

Bodily injury (Over maximum limit of compulsory motor insurance only)/Accident

10,000,000

Property damage/Accident

5,000,000 - sedan
2,500,000 - pick up and van

Own Damage Coverage

Vehicle damage due to collisions with and without third parties

Follow Vehicle Sum Insured

Vehicle loss or damage due to Fire and Theft

Follow Vehicle Sum Insured

Vehicle damage due to Natural Perils such as Flood, Earthquake, Hail and Windstorm

Follow Vehicle Sum Insured

Additional accessories

(Free) Up to 20,000 per accident

Additional Coverage

Personal Accident for driver and passengers

100,000

Medical Expense for driver and passengers

100,000

Bail Bond for driver

200,000

Accidental damage or loss of Home Charger/year

(any number and brands that meets relevant industry standards and fit your vehicle specification)

50,000

Accidental damage or loss of Electric Vehicle Charging Cable/year

(any number and brands that meets relevant industry standards and fit your vehicle specification)

10,000

Third party liability due to the use of home charger and public electric vehicle charging station/accident

1,000,000

Deductible

No Deductible

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Brand & Model that is applicable for motor insurance type 1 for EV and PHEV:

EV

Audi E tron, Audi E tron GT, BMW i3, BMW i4, BMW i7, BMW iX, BMW iX3, BYD Atto3, Lexus UX300e, Mercedes Benz EQS, MG EP, MG MG4, MG ZS, Mini Cooper SE, Neta V, Nissan Leaf, Ora Good Cat, Tesla Model 3, Tesla Model Y, Toyota BZ4X, Volt For Four, Volt For Two, Volvo C40, Volvo XC40


PHEV (Sub-Model must be specified under PHEV or Plug-in Hybrid)

Audi Q5, Audi Q7, Audi Q8, BMW 330e, BMW 530e, BMW 745Le, BMW X3, BMW X5, Haval H6, Lexus NX450h, Mercedes-Benz C300, Mercedes-Benz C350, Mercedes-Benz E300, Mercedes-Benz E350, Mercedes-Benz GLC300, Mercedes-Benz GLC300, Mercedes-Benz GLE350, Mercedes-Benz S560, Mercedes-Benz S580, MG HS PHEV, Mitsubishi Outlander PHEV, Porsche Cayenne, Volvo S60, Volvo V60, Volvo XC40 PHEV, Volvo XC60, Volvo XC90

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Terms & Conditions for purchase Motor Insurance Type 1 for EV, PHEV via online channel

1. The applicant wishes to apply for insurance with the Company and such insurance is subject to the insurance policy terms and conditions specified by the Company. The applicant hereby certifies that all the details given are correct and complete. The applicant agrees that this insurance application will form the basis of an insurance agreement between the applicant and the Company.

2. A full cover according to the insurance policy conditions will apply only after the car inspection is done by the Company’s authorized person. Prior to completion of car inspection, the Policy shall cover the damage to the motor vehicle caused by the collision of vehicles only upon the premium payment and subject to the Insured notifying the Company immediately after the accident and the claim surveyor has inspected the damage at the scene of the collision. 

3. In case the motor vehicle fails to pass inspection, the Company shall refund the full premium amount to the applicant subject to no claims have already been paid for any collision accidents

4. If the insurance agreement and premium payment have been made, the Insured may cancel the insurance policy by performing the cancellation process as stated in the insurance policy. The premium will be refunded subject to insurance policy terms and conditions.

**Accessories equipment

For Type 1 coverage, any additional accessories are covered up to a maximum of 20,000 baht/accident for free

The company does not cover the following additional accessories:

1. Movable accessories include car front-facing cameras or satellite antennas for cars

2. Kevlar

3. Crystal Glass Coating or other coating is the same characteristic.

4. Mounting stickers include stickers for changing the car Wrap, with stickers for changing some car colors, stickers etc.

Online motor insurance is not available for the following cars:

Modified cars for racing, lowered or lifted cars, or cars with accessories such as container, refrigerator, roof, cage or steel frame

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Terms and conditions of coverage and underwriting as specified by AXA, the Insured should understand before making the decision.