What motorbike insurance do you have?

[scubascuba3]

I'm interested to get an idea what insurance people are buying for their bikes, say 60k and under bikes.

[scubascuba3]

The poll will be interesting. I'm surprised how poor the insurance market is. Little choice in company and how little difference there is between 1st 2nd and 3rd voluntary

[Kerryd]

Every insurance Broker I've used over the last 14 years has ended up actually using the same Provider (Thai Sri).

 

For the scooter I have the mandatory coverage but I also have a medical policy from Bangkok Bank for additional medical coverage in the event of a motorcycle accident.

For the big bike I have Class 1 (plus the additional coverage from the mandatory coverage and the bank policy).

Funny too. I'd paid one Broker for Class 1 insurance on the Harley for 10 years without a claim (Thai Sri was the Provider). Had a minor accident (while avoiding a potentially larger one), made a claim. They paid it out (eventually) and then informed me that they wouldn't cover me anymore (because "my bike was over 10 years old" - which didn't bother them the 2 years previously when the bike was also "over 10 years old").

So what happened ? I found a different Broker who said they'd cover me but because my bike was now 15 years old, they'd only cover it for a reduced value. (Same level of coverage, just a reduced estimated value for the bike.)

 

And when I got the paperwork with the actual policy ? Same Provider as before (Thai Sri).

[Peterw42]

What a lot of people dont realise, is the mandatory 3rd party insurance (Por Lor Bor) also covers the rider, not just a passenger or people you run into. you can have a solo accident only injuring yourself, and its 30,000 baht coverage (per accident).

I was unaware until I had a solo accident, Ambulance to hospital with a broken collar bone and rib, grazes etc. Lady with a clipboard kept mentioning insurance, wanted the bike plate details etc and I kept responding that I didnt have insurance. Wife came to the hospital and explained that I was covered.

The Por Lor Bor covered ambulance, ER treatment, xrays, neckbrace for collar bone, 3-4 later visits for wound redressing, 2-3 later visits to Orthopaedic specialist and more xrays and all the drugs, painkillers etc. (all at Bangkok Pattaya private) I think there was even a couple of thousand left out of the 30k.

Given that repairs to bikes are cheap (2k for the above accident) maybe insurance is not all that important on a 30k scooter, the only thing you are not covered for is hitting a Merc or other property damage.

Edited October 10, 2018 by Peterw42

[Belzybob]

The principal advantage of Class 1 for any vehicle is that you get out of any dealings with aggrieved parties etc. Say nothing, just hand ball to the insurance company.

[scubascuba3]

What a lot of people dont realise, is the mandatory 3rd party insurance (Por Lor Bor) also covers the rider, not just a passenger or people you run into. you can have a solo accident only injuring yourself, and its 30,000 baht coverage (per accident).
I was unaware until I had a solo accident, Ambulance to hospital with a broken collar bone and rib, grazes etc. Lady with a clipboard kept mentioning insurance, wanted the bike plate details etc and I kept responding that I didnt have insurance. Wife came to the hospital and explained that I was covered.
The Por Lor Bor covered ambulance, ER treatment, xrays, neckbrace for collar bone, 3-4 later visits for wound redressing, 2-3 later visits to Orthopaedic specialist and more xrays and all the drugs, painkillers etc. (all at Bangkok Pattaya private) I think there was even a couple of thousand left out of the 30k.
Given that repairs to bikes are cheap (2k for the above accident) maybe insurance is not all that important on a 30k scooter, the only thing you are not covered for is hitting a Merc or other property damage.

Wow 92% so far only have mandatory 3rd party, more than i expected. Coverage is below.

The main risk is if you crash and hurt someone, end up in jail, no jail bond included

[The Fugitive]

3 hours ago, Peterw42 said:

What a lot of people dont realise, is the mandatory 3rd party insurance (Por Lor Bor) also covers the rider, not just a passenger or people you run into. you can have a solo accident only injuring yourself, and its 30,000 baht coverage (per accident).

I was unaware until I had a solo accident, Ambulance to hospital with a broken collar bone and rib, grazes etc. Lady with a clipboard kept mentioning insurance, wanted the bike plate details etc and I kept responding that I didnt have insurance. Wife came to the hospital and explained that I was covered.

The Por Lor Bor covered ambulance, ER treatment, xrays, neckbrace for collar bone, 3-4 later visits for wound redressing, 2-3 later visits to Orthopaedic specialist and more xrays and all the drugs, painkillers etc. (all at Bangkok Pattaya private) I think there was even a couple of thousand left out of the 30k.

Given that repairs to bikes are cheap (2k for the above accident) maybe insurance is not all that important on a 30k scooter, the only thing you are not covered for is hitting a Merc or other property damage.

Thank you very much Peter! Never knew that myself and, like you say, neither do many (or the majority) of others. Very nice to know.

[nahkit]

I bought my first bike here about 2 months ago and the dealer told me that the only insurance they provided cost 1,000 baht a year and covered theft only which didn't make sense to me.

 

A few weeks later I talked to the company that I have my car insurance with and they also said they didn't cover bikes.

 

I've seen the post naming Thai Sri as a provider, are there any more out there?

[scubascuba3]

I bought my first bike here about 2 months ago and the dealer told me that the only insurance they provided cost 1,000 baht a year and covered theft only which didn't make sense to me.
 
A few weeks later I talked to the company that I have my car insurance with and they also said they didn't cover bikes.
 
I've seen the post naming Thai Sri as a provider, are there any more out there?

When you buy a bike they try and sell you theft insurance only. Just decline that and go with 1st class for the first year. Brokers here in Pattaya all seem to sell MSIG insurance which is popular or Axa

[villerupt]

hi,

 

I use many years FALCON INSURANCE (rama 9) to cover my kawa d-tracker 250 (premium-full insurance)

but when I changed for bmw 310 GS, the insurance didn't accept this new bike 

and I move to AXA (rama 4), premium-full insurance too

both insurance: good service and quite cheap

 

the end

 

[Ulic]

Not really sure. I asked for first class but I was told I could not get it because my scooter was six years old. So I got the best I was allowed to buy.

[scubascuba3]

Not really sure. I asked for first class but I was told I could not get it because my scooter was six years old. So I got the best I was allowed to buy.

Probably 2nd class. I tried 3 brokers and 3rd class voluntary wasn't available.

[Damrongsak]

Wow, what a mess.  But being bikes, I guess they don't get too excited about it. 

[scubascuba3]

Currently 74% just 3rd party compulsory. 1st class 16% i wonder whether that is first year only. Maybe i should have excluded bikes less than 1 year old

[lipflipper]

When I bought my Xmax 300 back in January I opted for the First Class Insurance with all the bells and whistles and the ease of mind that it provided. I believe I payed a little over 11,000 Baht. Knock on wood, so far I have not had to use it.

Sent from my CMR-AL19 using Thailand Forum - Thaivisa mobile app

[scubascuba3]

When I bought my Xmax 300 back in January I opted for the First Class Insurance with all the bells and whistles and the ease of mind that it provided. I believe I payed a little over 11,000 Baht. Knock on wood, so far I have not had to use it.

Sent from my CMR-AL19 using Thailand Forum - Thaivisa mobile app

I did the same for the first year, as the bike is brand new and more likely to get stolen. I've been umming and urring for a while whether to do the same for the second year but finally decided on the mandatory govt insurance only. Bike is only circ 40k now if it was much more I'd probably stick to 1st

[Patriot1066]

On 10/10/2018 at 5:40 AM, The Fugitive said:

Thank you very much Peter! Never knew that myself and, like you say, neither do many (or the majority) of others. Very nice to know.

Agreed interesting advice. I'm only in Thailand 3 months a year until my full retirement next year, and did consider just running the bike on basic insurance CB650f then taking additional medical.

[canthai55]

See how far you get when your 20K Fino rams a Merc and you have 3rd class

[scubascuba3]

See how far you get when your 20K Fino rams a Merc and you have 3rd class

1st class won't help you either, medical cover is low. It most likely will be the Mercs fault so will need to pay up

[canthai55]

First class has much higher payout for second and third party.

Think good thoughts re: the Mercs fault. Look at the flag flying from the poles in this country, then look at your passport.

Guess who will be paying

[scubascuba3]

First class has much higher payout for second and third party.

Not really, MSIG for example on a Click is 50,000 medical per person. It won't help you much in a serious accident

[poanoi]

On 10/10/2018 at 8:09 AM, Peterw42 said:

 the only thing you are not covered for is hitting a Merc or other property damage.

what does it take to insure vs the 'hit a merc' trick ?

[Peterw42]

1 minute ago, poanoi said:

what does it take to insure vs the 'hit a merc' trick ?

Take out an insurance policy beyond the manditory insurance

[canthai55]

6 minutes ago, poanoi said:

what does it take to insure vs the 'hit a merc' trick ?

First Class. Mine I think 5 million second and third party

[canthai55]

43 minutes ago, scubascuba3 said:

Not really, MSIG for example on a Click is 50,000 medical per person. It won't help you much in a serious accident

 

Never mentioned personal medical.

50,000 THB - enough ?

555

[canthai55]

But run around with the bare minimum. Many do. Many have none.

But hit the wrong person, injure or kill someone ...

You will have much time to think of where you went wrong.

[taninthai]

Yep as above one of the most important things here about quality insurance is the bail bond ,if you injure or kill someone you are gonna end up getting locked up until you can pay large bail bond ,the first class of insurance stops this straight away and you can be on your way home.

On another note rather than start a new thread,just got my 650cc inspected tax paid and por ra bor,I’m lazy so just took it to inspection place gave them green book and letting them take care everything ,can pick up sticker from them next week,cost was 966 bht.........is that good or bad,do you normally have to pay for the inspection when bike older than 3 years.

Edited October 21, 2018 by taninthai

[jackdd]

26 minutes ago, taninthai said:

On another note rather than start a new thread,just got my 650cc inspected tax paid and por ra bor,I’m lazy so just took it to inspection place gave them green book and letting them take care everything ,can pick up sticker from them next week,cost was 966 bht.........is that good or bad,do you normally have to pay for the inspection when bike older than 3 years.

por ror bor 645THB + tax 100 THB = 745 THB if you do it by yourself. So you paid about 221THB for their service. You could have done it yourself within a few minutes at most 7/11 (tax sticker comes by mail)

Inspection (60-100THB, depending on where you do it) is required if the bike is older than 5 years (then you can't do it at 7/11 anymore but have to go to the DLT)

[taninthai]

1 minute ago, jackdd said:

por ror bor 645THB + tax 100 THB = 745 THB if you do it by yourself. So you paid about 221THB for their service. You could have done it yourself within a few minutes at most 7/11 (tax sticker comes by mail)

Inspection (60-100THB, depending on where you do it) is required if the bike is older than 5 years (then you can't do it at 7/11 anymore but have to go to the DLT)

That’s fine then I consider I got a bargain bike is 6 years old ...????????????????

bike is registered in a completely different province in a different name,they also said they can get it in to my name with no work permit and get new number plate for my province cost 3500 bht...I politely declined that offer for now

[scubascuba3]

por ror bor 645THB + tax 100 THB = 745 THB if you do it by yourself. So you paid about 221THB for their service. You could have done it yourself within a few minutes at most 7/11 (tax sticker comes by mail)

Inspection (60-100THB, depending on where you do it) is required if the bike is older than 5 years (then you can't do it at 7/11 anymore but have to go to the DLT)

The one stop shops though like Soi 15 on Theprasit avoids the pissing around one place for insurance another for tax, only 120 baht service usually