Car insurance class 1 & 2 & 2+ what is the difference?

[villageidiotY2K]

Hello folks, as the subject,  what is the difference?

Im currently on class 1 and I guess it covers all the shizzles, but as I read somewhere class 2 also does the same, but seems more cheaper.

My ride is 14 year old banger, but im paying like 10KB for annual 1st class insurance. Maybe class 2 is at around 5KB. Class 3 is 2KB.

Im interested in class2 cuz i need repair my car when crashed while drunk. 

 

[Henryford]

Have you tried other insurers? My Class 1 with Roojai is only 6k.

[Gsxrnz]

My understanding is that Class 1 is the only class that covers you for no third party collision.  i.e you drive over a cliff, they will repair or replace.  Class 2 and you're on your own.

[digbeth]

class 2 covers the other party in vehicle to vehicle accidents only, plus fire and theft but only repairs the other party vehicle, your own you pay out of pocket for any repairs 

 

class2+ covers your own vehicle too, still for vehicle to vehicle (define as anything with licence plate) ie. if you hit a pole, or a bicycle, you're not covered 

also the insured value might be limited, say a 1million baht car the first class might covers up to 950,000 where 2+ might covers to 3-400,000 baht only, you can negotiate more with higher premiums of course 

[retarius]

37 minutes ago, villageidiotY2K said:

Hello folks, as the subject,  what is the difference?

Im currently on class 1 and I guess it covers all the shizzles, but as I read somewhere class 2 also does the same, but seems more cheaper.

My ride is 14 year old banger, but im paying like 10KB for annual 1st class insurance. Maybe class 2 is at around 5KB. Class 3 is 2KB.

Im interested in class2 cuz i need repair my car when crashed while drunk. 

 

I have been told by my wife who is Thai (but not that reliable for information), that Class 1 entitles you to full coverage for accident insurance which covers medical for you and your passengers, for third party damage if it is your fault, and for your repair to be done with autoparts from the original maker, so if you have a Toyota, the repair can be done at a Toyota shop with Toyota parts. The coverage is up to limits specified in the policy. This may cause a shortfall if you plough into a Bentley, a Lamborghini or a Porsche. 

Class 2 has the same protections to the specified limits, but the insurance makes the choice of where you vehicle is to be repaired, and so you can end up at a dingy old shed, where they take your shocks and stuff off and replace them with worn out old parts (it happened to me....shocks were taken of the car when it was put in for the wife's crash and when it came out from the repair shop the shocks were useless, I put it into Ford for repair and they gave me the old shock back.....different shocks for 3 manufacturers....I should have sued then but didn't)

 

I never heard of Class 2+2.

 

Class 3 is government mandated insurance that is also included in any insurance you buy privately. It costs a nominal amount, about 690 baht, if memory serves correctly (but you would be advised not to trust my memory, I don't and you may find it costs 890 baht or another number). 

[Kerryd]

Sigh.
There are basically 3 "Classes" of Private Insurance plus 2 "sub-classes" as well as the Compulsory (Gov't) insurance that all vehicles are supposed to have (though many don't).

This is from a (major newspaper) article dated 22 Aug 2024 so it's fairly recent for those of you who get your information from the  guy taking a whizz next to you in the bathroom at your favourite beer bar.
 

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 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.

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.
 

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.
 

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.

 

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.

From a different site:

 

Note that if you have a claimable accident, even if you've been "accident free" for a decade (or more), your rates will go up the next year. Depending on the amount of the claim, they may double (or more) as the Insurance Company tries to recoup the money they spent (your money) as fast as they can.

Also note - if you have "Class 1" insurance and get into an accident - you are likely to be found at fault no matter what as YOUR insurance will be dinged to pay for everyone's expenses. (Never mind that it will be your rates that will go up as a result.)
You'd have to get a lawyer involved right away to make sure the other party's insurance pays for the damages (assuming they are at fault).
 

[Kerryd]

Note:
I am discussing different policies with my Insurance Provider now as I may change my motorcycle policy to something better this year.

They sent me this comparison chart. Note they have even more "classes" of insurance for a total of 9 !



Right now I have no idea what the difference is between Class 1 and Class 1 "Comprehensive Value".

The only difference between the two classes of "First Care 2+" seem to be that one covers you in the event of a terrorism event and the other one doesn't.

But each insurance provider may have different coverage amounts and different clauses in their policies.

So if you don't like the coverage or cost at one place, go to another.