PUBLISHED : 22 Aug 2024 at 12:00
In today’s digital age, purchasing car insurance in Thailand has never been easier. With online platforms like Prakantidloh, drivers can compare and choose from various insurance options at their fingertips. Prakantidloh offers a user-friendly interface that allows you to explore different policies, get quotes, and even purchase insurance without leaving your home. This convenience has revolutionised the way Thai motorists protect their vehicles and themselves on the road.
6 Types of Car Insurance in Thailand
In Thailand, there are six main types of car insurance. Understanding these options is crucial for making an informed decision about your vehicle’s protection.
1. Compulsory Insurance known as “Por Ror Bor”
Compulsory insurance, or “Por Ror Bor,” is mandatory for all vehicles in Thailand. This basic coverage protects against injuries or death caused to anyone involved in accidents. While it’s the minimum required by law, it doesn’t cover damage to your own vehicle.
2. Class 1
Class 1 insurance, or “All Risks,” offers the most comprehensive coverage available. It protects against damage to your own vehicle, third-party property damage, personal accidents, fire, and theft. This policy also typically includes additional benefits such as 24/7 roadside assistance.
Class 1 insurance is ideal for owners of new or expensive vehicles, as well as those who want complete peace of mind on the road. It’s particularly suitable for drivers in high-traffic areas or those who frequently use their cars.
3. Class 2
Class 2 insurance provides coverage for loss or damage to your vehicle due to fire or theft, as well as third-party liability. Unlike Class 1, it doesn’t cover damage to your own car from accidents.
This option is suitable for owners of older vehicles who want protection against major risks like theft and fire, but are willing to self-insure for collision damage.
4. Class 2+
Class 2+ insurance offers the same coverage as Class 2, with the addition of protection against collision damage to your own vehicle. However, this collision coverage is typically limited to a specific amount.
This class of insurance is a good middle-ground option for those who want more protection than Class 2 but find Class 1 too expensive. It’s suitable for mid-range cars or drivers in areas with moderate accident risks.
5. Class 3
Class 3 insurance provides third-party liability coverage only. It protects against damage you may cause to other people’s property or injuries to third parties, but does not cover your own vehicle, or protect your car from fire or theft.
This basic coverage is suitable for owners of older, less valuable cars who are primarily concerned with meeting legal requirements and protecting themselves from third-party claims.
6. Class 3+
Class 3+ insurance offers the same third-party coverage as Class 3, but also includes limited protection for your own vehicle in case of a collision.
Class 3+ is a good option for those who want some protection for their own vehicle beyond the basic third-party coverage but don’t need more comprehensive policies.
Conclusion
Choosing the right car insurance in Thailand depends on various factors, including your vehicle’s value, your budget, and your risk tolerance. By understanding these types of insurance, you can make an informed decision before buying insurance for your car.
Ready to find the perfect car insurance for your needs? Visit Prakantidloh’s website today to compare quotes from multiple insurers. With an easy-to-use online platform, you can input your vehicle details, explore different policy options, and even purchase your chosen insurance in just a few clicks!
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.