Comprehensive Guide to Type 3 Car Insurance in Thailand
Looking to buy the best Class 3 car insurance policy in Thailand? Look no further! Our platform offers extensive customization options, enabling you to tailor your coverage to suit your needs. Type 3 policies start from just 1,950 baht per year.
What is Voluntary Motor Insurance Type 3?
Type 3 Car Insurance is a basic coverage option available in Thailand. It provides protection for third-party liability only. This means it covers damage you may cause to others or their property but not your own vehicle.
Type 3 car insurance is an affordable option for those who want coverage for the unexpected and protect themselves from liability. Type 3 car insurance typically covers:
- Damage caused to others and their vehicles or property
- Driver/passenger accident cover
- Bail bond coverage
Coverage for type 3 car insurance is typically set at 10 million baht sum insured as a standard, which is more than enough coverage for most car accidents.
What's the difference between Type 3 insurance and other types of car insurance?
Type 3 car insurance is a third-party only coverage car insurance. This type of insurance provides coverage for the liable damage you have caused to others or others' property in case of an accident.
Type 1 car insurance offers the most comprehensive coverage, protecting you, your car, and others involved in accidents, regardless of fault.
Type 2+ and 3+ car insurance also provide coverage for your vehicle from vehicle-to-vehicle damage. With 2+ car insurance, you will also be covered for fire and theft.
What Does Type 3 Car Insurance Cover?
What's usually covered
All policies differ, but in general, a Type 3 car insurance policy will include cover and compensation for:
- Third-party liability (up to THB 5,000,000 per occurrence for property damages and up to THB 3,000,000 per person and THB 10,000,000 per occurrence for bodily injuries and loss of life)
- Personal injury
- Medical expenses
- Bail bond coverage
What's usually not covered
Your policy will also list exclusions for which you won't be covered. Some typical exclusions are:
- Damage to your own vehicle
- Fire damage
- Theft
- Flood
- Vehicle-to-vehicle damages to your own car
- Damage to your own property
How much does Type 3 Car insurance in Thailand Cost?
Type 3 Car Insurance offers a good balance between coverage and affordability. You can expect to pay around 2,500 baht in premiums for Type 3 Insurance for your car. Our Type 3 policies start at just 1,950 baht. The cost of your Type 3 Car Insurance in Thailand will depend on several factors:
- Vehicle make, model, and year
- Location (province or city)
- Age of the driver
While prices can vary, typically ranging from 1,950 THB to 15,000 THB, many Thai drivers find Type 3 Insurance to be a cost-effective option that provides essential coverage.
How can I get Cheaper Type 3 Car insurance in Thailand?
There are several ways to reduce your premiums for Type 3 Insurance:
Excess or Deductible
Choosing a higher deductible can lower your premium. But make sure you can afford the higher out-of-pocket expense if you need to make a claim.
Garage Repairs
For Type 3 insurance policies, there is only the garage option available. This involves getting your car fixed at one of the networked garages of the insurance company. This option is more cost-effective, as the insurance company has pre-negotiated rates with their networked garages.
Adjusting your coverage levels
Lowering your coverage will also lower your premium. Adjust your coverage to the levels you need but don't go too low - higher coverage with a higher premium often turns out more cost-effective in the long run.
Named Driver
By naming no more than three drivers on your policy, most of the time, you can lower your insurance cost premium.
Maintaining a clean driving record
Having a clean driving record will ensure your renewal premium stays where it is. Some insurers offer no-claims bonuses for accident-free years.
Special Coverage and Additional Extras
While Type 3 insurance doesn't offer as many extras as more comprehensive types, some providers may offer additional coverage options:
24/7 Roadside Assistance cover
This may be available as additional coverage like towing, battery jump-starts, and lockout assistance.
Remember that Type 3 insurance focuses mainly on third-party liability. Additional coverages may be more limited compared to Type 1 or 2+ policies, but these options can help customize your policy to better suit your needs.
Which car insurance company is good for Type 3 Car insurance?
When you're shopping for car insurance, it's smart to hunt for the best coverage you can get at a price that won't break the bank. Don't worry - all the insurance companies we list on our website are hand-picked and have proven themselves trustworthy over the years we've worked with them.
With Type 3 insurance, the best policy is often the one you can get right away. We think the company that can issue you the policy immediately is better since the coverage is very similar in most cases. You should make the most affordable decision.
Here's a list of the Top 5 car insurance companies in Thailand for Type 3 car insurance:
- Viriyah Insurance Public Company Limited
- Tokio Marine Safety Insurance (Thailand) Public Company Limited
- Bangkok Insurance Public Company Limited
- Thanachart Insurance Public Company Limited
- Muang Thai Insurance Public Company Limited
Can I buy EV car type 3 insurance?
Yes, we offer EV car Type 3 insurance. Type 3 insurance provides third-party coverage, protecting against liabilities for damage caused to other vehicles or property. It is the most basic level of coverage, primarily designed to cover costs associated with accidents that are your fault. For electric vehicles, this includes standard third-party coverage and may also offer limited protection for specific EV components like charging cables.
Although Type 3 insurance does not cover damage to your own vehicle, it remains a cost-effective option for EV owners looking for essential liability protection.
How to apply for Type 3 Car insurance in Thailand?
Compare Plans & Premiums
Select the plan that is right for you.
Apply through our website or Our Agents
Apply Right Away with confidence, or contact our customer service team with more questions. You can also contact your agents to see if they are managing your insurance for you.
Send Us the Necessary Documents
Send us the following documents to complete the process:
- Copy of your Passport or Thai Driving License
- Copy of your Bluebook or Registration or Deed of Sale
That's it: You're Covered
If your insurance starts today, you are covered. You will have coverage right away (after you receive a confirmation email from us) for third-party liability.
Frequently Asked Questions
How to claim for Type 3 car insurance?
Contact your insurance company immediately after an accident by calling the insurer hotline. Provide all necessary details about the incident, take photos of the damage, and collect information from other parties involved. Follow your insurer's instructions for submitting claim forms and supporting documents.
Is Type 3 car insurance enough for my new car?
Type 3 insurance only covers third-party liability. For a new car, you might want to consider more comprehensive coverage like Type 1 or Type 2+ to protect your investment.
Does Type 3 insurance cover damage to my own car?
No, Type 3 insurance does not cover damage to your own vehicle. It only covers liability for damage you cause to others or their property.
How much third-party liability coverage does Type 3 insurance typically provide?
Type 3 insurance usually provides up to 10 million baht in third-party liability coverage, which is sufficient for most accidents.
Can I add coverage for natural disasters like floods to my Type 3 policy?
Generally, Type 3 policies don't cover natural disasters. For such coverage, you might need to consider a more comprehensive policy type or specific add-ons if available.
Is Type 3 insurance suitable for an older car?
Yes, Type 3 insurance can be a cost-effective option for older cars, especially if the vehicle's value has significantly depreciated.
How does Type 3 insurance differ from the mandatory Por Ror Bor insurance?
Por Ror Bor is the minimum legal requirement and only covers injuries to others. Type 3 provides broader third-party liability coverage, including property damage.
Can I get roadside assistance with Type 3 insurance?
Some providers offer roadside assistance as an additional option with Type 3 policies. Check with your insurer for availability.
How quickly can I get Type 3 insurance coverage?
With us, you can often get coverage immediately after completing the application process, making the necessary payment, and providing the necessary documents.
Is it possible to switch from Type 3 to a more comprehensive policy later?
Yes, you can usually upgrade your policy type when renewing your insurance. Contact your insurance provider for specific details.
