Auto Insurance: A Necessary Evil For Drivers In Korea

Yes, car insurance is required to drive in South Korea. The minimum legal requirement is third-party liability insurance, but comprehensive insurance and driver insurance are also available. Car insurance in South Korea covers personal and third-party injuries, the vehicle, and the property of third parties. It is recommended to shop around for insurance, as there are not as many insurance companies in South Korea compared to other countries.

What types of car insurance are available in Korea?

In South Korea, vehicle insurance is mandatory for all vehicles with a motor of 50cc or more. The types of car insurance available in Korea are:

• Third-party liability insurance (Chek im bo hum): This is the minimum legal requirement for drivers in Korea.
• Comprehensive insurance (Jong hap bo hum): This is optional insurance that covers a wider range of accidents and financial losses.
• Driver insurance (Un jun ja bo hum): This optional insurance is for driver compensation and covers injury, fines, and consent in the event of an accident.

Some of the popular car insurance providers in Korea include Kyobo AXA Automobile Insurance, Kyowon Nara Automobile Insurance, AIG Korea, Daum Direct Auto Insurance, and LIG Insurance Company.

Additionally, here are some specific types of car insurance offered by AXA Korea:

• Entry Driver: Essential coverage for new drivers at a reasonable price.
• Family Oriented: Essential coverage to protect your family at a reasonable price.
• More Protection: Comprehensive coverage for people seeking more protection at a reasonable price.
• First Car: Essential coverage for your first car at a reasonable price.
• Precious Time: Reasonably priced coverage for people who value their time.
• Save More: A policy focusing on essential coverage at a reasonable price.
• Baby in Car: Essential and reasonably priced coverage for those concerned about a child in the car.
• Best Driver: Essential and reasonably priced coverage for people who want to be covered in the event of a public transportation accident.

Furthermore, rental car insurance is also available in Korea, with companies like RentalCover.com offering policies that include Collision Damage Waiver (CDW)/Loss Damage Waiver (LDW), Super Collision Damage Waiver (SCDW), Roadside Assistance Cover, and Personal Accident Insurance (PAI).

What are the requirements for driving in Korea?

Driving in South Korea is relatively straightforward, with good road conditions and a familiar style of driving. Here are the key requirements for driving in Korea:

Driver's License

An International Driver's Permit (IDP) is required for driving in Korea with a foreign license. The IDP acts as a translation of your local license and can be obtained from your local authorities. This is mandatory unless you have a Korean driver's license. The minimum age for driving in South Korea is 18, but most car rental companies require drivers to be at least 21 years old.

Vehicle Registration and Insurance

All vehicles in Korea must be registered and insured. Proof of insurance must be carried at all times. Third-party liability insurance is the minimum legal requirement, but comprehensive insurance and driver insurance are also available as optional extras. When renting a car, insurance for personal and third-party injuries and property damage is typically included, but it is important to carefully check the insurance details and ensure your vehicle is covered.

Driving Rules and Regulations

Driving in South Korea follows a western style, with driving on the right side of the road. Seatbelts are mandatory for all passengers, and child seats are required for children under the age of 6. Using mobile phones while driving is prohibited, except for hands-free calls. The speed limits vary depending on the type of road and range from 30 kph in school zones to 80-100 kph on highways. Tolls are common on highways, and payment can be made directly to a tollgate employee or automatically with a Hi-pass device installed in the car.

Rental Cars

There are many rental car companies in South Korea, including international and local brands. It is recommended to book a rental car in advance online, and prices can vary depending on the region, car type, season, and company. Most companies require a credit card in the driver's name for payment, and additional drivers can usually be added to the contract for a fee. Remember to carefully review the insurance options and coverage when renting a car.

How do you rent a car in Korea?

If you're planning a trip to South Korea and want to rent a car during your visit, there are a few things you should know. Here's a step-by-step guide to help you navigate the process:

Requirements for Renting a Car in Korea:

• Age: The minimum age to rent a car in South Korea is typically 21 years old. However, some companies may require a higher minimum age for certain vehicle models.
• Driving License: You will need a valid driver's license from your home country. If your license is not in English, you must also obtain an International Driving Permit (IDP). The IDP is a translation of your local license and can be obtained from your local authorities. Make sure your IDP is issued by a country that has ratified the Vienna or Geneva Convention.
• Credit Card: A credit card is usually required for the rental. The card must be in the name of the driver and it is recommended to use a card with embossed numbers and name. Some companies may allow debit card usage if you purchase their full insurance package.
• Passport: Your passport is required as proof of identification. The name on the passport must match the name on the credit card.

Choosing a Rental Company:

There are many rental car companies in South Korea, both international and local. You can find offices at airports and in major cities. Popular options include Rentalcars.com, QEEQ, Klook, Hertz, Avis, Lotte, and AJ Car. It is recommended to book your rental car in advance to secure your preferred vehicle and take advantage of lower prices.

Insurance Options:

When renting a car in South Korea, you will be offered various insurance options. Here are some common types of insurance:

• Collision Damage Waiver (CDW): This insurance covers damages to your rental car. It is not typically included in the standard rental price, so you may want to consider purchasing it separately. CDW packages vary in terms of deductibles, so choose one that suits your needs.
• Supplemental Liability Insurance (SLI) or Third-Party Liability (TPL): This insurance covers damages to someone else's property in the event of an accident. Check if your domestic car insurance already includes liability coverage for driving abroad before purchasing this additionally.
• Personal Accident Insurance (PAI): This insurance covers the driver and passengers in the event of an accident, including death.
• Personal Effects Coverage (PEC): This insurance covers the loss or damage of valuables in your rental car, such as in the case of burglary.

Additional Considerations:

• Navigation: It is recommended to have a navigation system or GPS when driving in South Korea. While road signs are in Korean and English, a GPS can make finding your destination much easier. You can rent a car with a built-in GPS or use a smartphone app like Naver Map or maps.me.
• Tolls: South Korea has many toll roads, especially on major highways. Make sure to carry cash or a local credit card to pay for tolls, as foreign credit cards may not be accepted at toll booths.
• Fuel: Fuel costs in South Korea are typically about 50% higher than in the United States. Keep this in mind when planning your trip budget.
• Parking: Parking in big cities like Seoul and Busan can be challenging. Consider using public transportation or parking in a paid garage when visiting these areas.

By following these steps and considerations, you should be well on your way to a successful car rental experience in South Korea. Remember to review the rental company's policies and your insurance coverage carefully before finalizing your booking.

What are the rules of the road in Korea?

Driving in South Korea is said to be relatively easy, with a typical Western style of driving. Here are the rules of the road to follow when driving in South Korea:

Driving Rules

• Drive on the right side of the road.
• All passengers, in the front and back seats, must wear seatbelts.
• A car seat is mandatory for children under the age of 6.
• Only hands-free calls are allowed when driving—no mobile phone use.
• Passing is allowed on both sides.
• Right turns are allowed at red lights after coming to a complete stop, unless there is a sign prohibiting it.
• To turn left, wait for a green arrow. A single traffic light can show a green arrow and a red light at the same time. If there is no green arrow, look for a blue sign that says "비보호" with a left arrow, which means an unprotected left turn is allowed.
• At intersections, traffic signals may be present before and after the junction.
• Most intersections are large, so be aware of the distance needed to cross.
• If you see a flashing yellow light at an intersection in a rural area, proceed with caution. A flashing red light means you should stop, but some people treat it as a yield sign.
• Bus lanes are marked with blue lines and must be kept clear for buses on weekdays from 7 am to 7 pm, and on Saturdays from 7 am to 3 pm.

Speed Limits

• Speed cameras are common, and your navigation system will usually alert you to their presence.
• Speed limits vary depending on the type of road:
• Motorways: 80-100 kph, sometimes 120 kph.
• Departmental roads with 4 or more lanes: 80 kph.
• Departmental roads with 2 lanes: 60-80 kph.
• Towns and cities: mostly 60 kph, but 80 kph on main roads.
• School zones: 30 kph.

Parking

• Parking spaces are small, and it is common to back into parking spaces.
• Most cars are white or black, and mid-sized sedans or SUVs.
• Parking lots at popular attractions usually have a fee.
• Free street parking may be available, but pay attention to signage to avoid getting a ticket.
• In big cities like Seoul, consider using public transport instead of driving, as parking can be challenging and expensive.

Tolls

• Tolls are common on South Korean highways.
• You can pay with cash, T-Money cards, or a Hi-Pass card.
• Avoid the left-most lanes marked in blue unless you have a Hi-Pass card.
• Some toll booths provide a ticket, and you pay when you exit.
• If the dispenser doesn't give you a ticket, note the city or toll gate name and inform the attendant when you exit.
• Credit cards are usually not accepted at toll booths, except for certain Korean credit cards.

Fuel

• Fuel is about 50% more expensive than in the United States.
• Gasoline is usually yellow ("회발유" in Korean).
• Most gas stations are full-service, and they will ask how much fuel you want before pumping.
• Practice phrases like "가득 채워 주세요" ("fill it up") or state the amount in Korean won.
• LPG stations are for liquified petroleum gas, not gasoline.
• Self-service gas stations are rare.

Additional Tips

• Infant and child car seats are required by law for children under 6.
• An International Driving Permit (IDP) is required for driving in South Korea with a foreign license.
• In Seoul, consider using public transport or taxis instead of driving, as traffic and parking can be challenging.
• When renting a car, compare prices using sites like rentalcars.com or qeeq.com.
• When driving in South Korea, always carry proof of insurance, as it is mandatory for all vehicles.

How do you pay tolls on Korean highways?

South Korea has an extensive toll system in place, with the amount payable depending on the distance travelled and the type of vehicle. Tolls can be paid in several ways, including:

• Cash
• Major credit cards
• A Hi-Pass card

The Hi-Pass system allows drivers to pay tolls without stopping at the toll booth. To use it, drivers need an On-Board Unit (OBU) installed at the front of the vehicle, and a Hi-Pass card inserted into the OBU. The OBU is sometimes marketed as a "Hi-Pass device" or ETC unit (Electronic Toll Collection). It can be purchased from any store that sells automobile electronics.

The Hi-Pass card can be topped up in advance (Hi-Pass Plus card) or used in conjunction with credit cards issued specifically for the toll system. The card can often be found in stores that sell the OBU.

It's worth noting that not all toll booths may have card payment facilities, so it is recommended to carry cash as well.

Frequently asked questions