The Ultimate Guide to Class 3 Motorcycle Insurance in Thailand
Looking for the best Class 3 motorcycle insurance policy in Thailand? You've come to the right place! At CheckDi, we offer comprehensive Class 3 motorcycle insurance starting from just 1,000 baht annually. This guide will walk you through everything you need to know about Class 3 motorcycle insurance in Thailand, from coverage details to how to apply and save money.
What is Class 3 Motorcycle Insurance in Thailand?
Class 3 Motorcycle Insurance is the most basic voluntary coverage option available in Thailand. It focuses primarily on third-party liability protection, covering damage you might cause to others or their property while riding. However, it doesn't cover damage to your own motorcycle. This affordable option is ideal for budget-conscious riders who want essential protection against unexpected liabilities.
What Does Class 3 Motorcycle Insurance Cover?
What's Usually Covered
- Third-party liability (property damage and bodily injury)
- Up to THB 5,000,000 per occurrence for property damages
- Up to THB 3,000,000 per person and THB 10,000,000 per occurrence for bodily injuries and loss of life
- Personal accident coverage for the rider
- Medical expenses (usually limited)
- Bail bond coverage
What's Usually Not Covered
- Damage to your own motorcycle from any cause
- Fire damage
- Theft
- Flood damage
- Personal belongings on the motorcycle
How Does Class 3 Insurance Differ from Other Types?
Class 3 motorcycle insurance provides the most basic third-party-only coverage:
- Compared to Class 1: Class 1 offers comprehensive coverage, protecting your bike, yourself, and others involved in accidents, regardless of fault. However, Class 1 is often not available for motorcycles due to the high risk.
- Compared to Class 2+ and 3+: These provide additional benefits, including coverage for your motorcycle in vehicle-to-vehicle collisions. Class 2+ also includes protection against fire and theft.
How Much Does Class 3 Motorcycle Insurance Cost in Thailand?
Class 3 Motorcycle Insurance is the most affordable voluntary insurance option. Premiums typically start from just 1,000 baht annually. The exact cost depends on factors like:
- Motorcycle make, model, and engine size
- Your riding history and age
- Where you live and park your motorcycle
While prices can range from 1,000 THB to 3,000 THB, many Thai riders find Class 3 Insurance to be a cost-effective way to meet legal requirements and gain basic protection.
How to Get Cheaper Class 3 Motorcycle Insurance in Thailand
Choose a Higher Excess or Deductible
Opting for a higher excess or deductible can lower your premium, but ensure you can afford it if you need to claim.
Opt for Garage Repairs
While Class 3 insurance doesn't cover your own motorcycle's damage, some policies may offer limited coverage for third-party claims. In such cases, garage repair plans are often cheaper than dealership repairs.
Named Driver
Some policies allow naming up to two drivers, which can lower your premium. However, not all Class 3 policies offer this option.
Maintain a Clean Riding Record
A history of safe riding can lead to lower premiums over time.
How to Apply for Class 3 Motorcycle Insurance in Thailand
- Compare Plans & Premiums: Select the plan that best suits your needs.
- Apply: Apply through our website or contact our customer service team.
- Submit Documents: Provide the necessary documents:
- Copy of your Passport or Thai Driving License
- Copy of your Green book or Registration or Deed of Sale
- Get Covered: Once confirmed, your coverage starts immediately.
Which Motorcycle Insurance Company is Good for Class 3 Insurance?
All insurance companies listed on our website are carefully selected and proven reliable. For Class 3 policies, we recommend choosing a company that can issue your policy immediately. Here's a list of top motorcycle insurance companies in Thailand for Class 3 insurance:
- Viriyah Insurance Public Company Limited
- LMG Insurance Public Company Limited
- Thaivivat Insurance Public Company Limited
- Thai Paiboon Insurance Public Company Limited
- Ergo Insurance Thailand Public Company Limited
Frequently Asked Questions
How do I claim on my Class 3 motorcycle insurance?
Contact your insurer immediately after an incident. They'll guide you through the process, which typically involves filing a police report and providing documentation of the damage or injuries caused.
Can I add pillion passenger cover to my Class 3 policy?
Some insurers offer this as an add-on. Check with your provider for availability and cost.
Does Class 3 insurance cover me if I ride in neighboring countries?
Generally, no. Class 3 policies typically only cover you within Thailand. For cross-border coverage, you may need a special add-on or a different policy type.
Is Class 3 insurance enough for a new motorcycle?
For a new motorcycle, you might want to consider more comprehensive coverage like Class 2+ or 3+ to protect your investment against damage and theft.
Can I switch from Class 3 to a more comprehensive policy later?
Yes, you can usually upgrade your policy type when renewing your insurance. Use your renewal link filter to search for available plans right away or just let us know.
Does Class 3 insurance cover damages to my own motorcycle?
No, Class 3 insurance only covers third-party liability. It does not provide any coverage for damages to your own motorcycle.
Is Class 3 insurance mandatory in Thailand?
While Compulsory Motor Insurance (Por Ror Bor) is mandatory, Class 3 is a voluntary insurance. However, it provides more comprehensive third-party coverage than the basic Por Ror Bor.
Can I get Class 3 insurance for an electric motorcycle?
Yes, Class 3 insurance is available for electric motorcycles. Contact our team for specific details and quotes tailored to EV needs.
How does the claim process work for third-party damages under Class 3 insurance?
If you're involved in an accident where you're at fault, report it to your insurer immediately. They will handle the claim process with the third party, including property damage and injury claims, up to your policy limits.
What happens if the third-party damage exceeds my policy limit?
You may be personally liable for any amount exceeding your policy limit. This is why it's important to choose adequate coverage limits when selecting your policy.
Remember, while Class 3 Motorcycle Insurance offers basic protection in Thailand, it's important to choose a policy that meets your specific needs and risk tolerance. Always read the policy details carefully and consult with an insurance professional if you have any questions.
