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 3,500 baht per year.
What is Voluntary Motor Insurance Type 3+?
Type 3+ Car Insurance is a mid-level coverage option available in Thailand. It provides good protection for your vehicle and liability coverage, though less comprehensive than Type 1 and Type 2+ car insurance. It's often called "Third-party plus own damage" insurance.
Type 3+ car insurance is a popular choice in Thailand, as it provides more coverage at an affordable price. Type 3+ car insurance usually covers:
- Damage from vehicle-to-vehicle accidents
- Damage caused to others and their vehicles or property
- Personal accident coverage (to a limited extent)
- Bail bond coverage
What's the difference between Type 3+ insurance and other types of car insurance?
Type 3+ car insurance offers a balance between coverage and cost. It primarily covers damages to third parties and protects your car from damages caused by other vehicles.
Type 1 car insurance offers the most comprehensive coverage, protecting you, your car, and others involved in accidents, regardless of fault.
Type 2+ car insurance is similar to Type 3+ but often includes additional coverage for fire and theft.
Type 3 car insurance only covers the damage you cause to other vehicles and people, without any protection for your own vehicle.
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:
- Vehicle-to-vehicle damages
- Third-party liability (up to THB 5,000,000 for property damage and THB 10,000,000 for bodily injuries and loss of life)
- Personal injury
- Medical expenses
- Bail bond coverage
- Damages to windscreen (in some policies, when involving a third party)
- 24-hour roadside assistance (in some policies)
What's usually not covered
Your policy will also list exclusions for which you won't be covered. Some typical exclusions are:
- Other Collision Damage without a third party
- Fire
- Theft
- Flood
- Driving under the influence of alcohol or any illegal drugs
- 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 5,000 baht in premiums for Type 3+ Insurance for your car. Our Type 3+ policies start at just 3,500 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 3,500 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.
Dealership and Garage Repairs
While the Dealership Repair plan will repair your car at an official brand dealership with original manufacturer parts, Garage Repair may use aftermarket parts for your repairs. Garage repair plans are significantly cheaper and sometimes repairs are done better.
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 up to three drivers on your policy, you can often 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.
Installing a Dashcam
Many insurance companies offer discounts of up to 5% on car insurance premiums for drivers who have a dashcam installed in their vehicle.
Special Coverage and Additional Extras
While Type 3+ insurance doesn't offer as many extras as Type 1, some providers may offer additional coverage options:
24/7 Roadside Assistance cover
This may be available as additional coverage, including services like towing, battery jump-starts, and lockout assistance.
Replacement Car
Some policies may provide a temporary car to use until your own vehicle is repaired or replaced.
Transportation Compensation
Some policies offer reimbursement for travel expenses during the period when your vehicle is being repaired.
Which car insurance company is good for Type 3+ Car insurance?
When 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. All the insurance companies we list on our website are hand-picked and have proven themselves trustworthy over the years.
With Type 3+, 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, which provides coverage for electric vehicles. Type 3+ insurance includes third-party liability coverage and vehicle-to-vehicle damage repairs, providing financial protection for your electric vehicle if it's damaged in a collision with another vehicle.
Type 3+ insurance is ideal for those looking for more than basic liability coverage but want to avoid the higher costs of Type 1 insurance.
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 Green book 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 and damages from vehicle-to-vehicle collision. Coverage for damages due to collision without a third party or self-inflicted accident will become active only after you pass the car inspection. Some insurance companies will be okay with just pictures of your car, but most will schedule an inspection date with you 1-7 days after the confirmation. The original documents (policy) will then be sent to your mailing address within 7-14 days.
Frequently Asked Questions
How do I 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. For vehicle-to-vehicle damages, you may need to have your car inspected at an approved garage.
What's the main difference between Type 3 and Type 3+ car insurance?
Type 3+ insurance includes coverage for vehicle-to-vehicle damage to your own car, which is not covered under standard Type 3 insurance.
Does Type 3+ insurance cover damage from natural disasters like floods?
Generally, Type 3+ insurance does not cover damage from natural disasters. For such coverage, you might need to consider a more comprehensive policy type.
How soon does my Type 3+ coverage become active?
Third-party liability and vehicle-to-vehicle collision coverage start immediately after you receive a confirmation email. However, coverage for self-inflicted accidents typically becomes active only after a car inspection.
Can I get Type 3+ insurance for a brand new car?
While you can, it's often recommended to get more comprehensive coverage like Type 1 for a new car to protect your investment fully.
Is roadside assistance included in Type 3+ insurance?
Roadside assistance is often available as an additional option with Type 3+ policies. Check with your specific insurer for availability and terms.
How does the car inspection process work for Type 3+ insurance?
Most insurers will schedule an inspection within 1-7 days after confirmation. Some may accept photos of your car instead of a physical inspection.
Is Type 3+ insurance suitable for older cars?
Yes, Type 3+ can be a good option for older cars, offering a balance of protection and affordability.
How many drivers can I add to my Type 3+ policy?
You can typically add up to 3 named drivers on your policy. Adding fewer drivers may help lower your premium.
Does Type 3+ insurance cover me if I drive in neighboring countries?
Coverage may be limited to Thailand unless otherwise stated. It's best to check with your insurance provider for specific details about international coverage.
