Dropping First Class Car Insurance

[luther]

My pickup is 8 years old and I see no reason to maintain first class insurance, but I’m having trouble getting clear advice on what to aim for. Most Thai Visa threads address first class insurance only Thai friends are all over the place. Does anyone out there have an old car that they insure without first class insurance? What company and how much? My landlord says go to Tesco or your bank.

[ThaidDown]

You could go with 2nd or 3rd class, or even 3+1 or 2+1.

Briefly 3rd class ..3rd party liability for damage + medical for 3rd parties and insured vehicle passengers.

2nd class... 3rd class + fire and theft

1st class .. 2nd class + own vehicle damage (fully comp in west)

Also 3+1 .. 3rd class plus coverage of damage of own vehicle up to stated amount

2+1 ..2nd class plus coverage of damage of insured vehicle up to a stated amount.

Most companies will do all classes, maybe a broker once you have decided what coverage you want.

Full description of classes can be found by Googling 'thailand car insurance classes' first 2 entries (for me) explain. Have not posted links as they are commercial insurers. Hope that helps.

[elektrified]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

[luther]

I thought that also, but I did get a quote for 17,000 baht through AA (Company - Thaisri)

[shepsel]

I checked around for insurance renewal, and found that the Thai companies who don't have English speaking agents were quite a bit less expensive for the same coverage as agencies who cater to us farangs. For example I got first class insurance at Tippayapa Pagan Pai (spelling) for just over 13000 baht for my one year old Mitsu, compared to 21000 quoted by an insurance broker who speaks English. My Thai friend came along with me, and compared the policies--and the coverage was identical.

So my advice is to shop around and don't go with the first quote.

[Tywais]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

10 years is correct. But perhaps some companies can do it for a premium. 7 years is when a safety check is required for road tax renewal.

[maprao]

I kept 1st class on my car and dropped it for my pick which is getting old ie more than ten years old. They will not ensure first class after 10 years.

Go here open it in google chrome and let it translate the page. Easy to understand. Explains and gives all other levels and options.

http://www.thanachartinsurance.co.th/product_5.html

[luther]

Is the only difference between 2 +1 and 3 + 1 is the latter lacks fire and theft?

Knock on wood, but I'm pretty sure my truck is not going to get stolen or catch on fire.

[seedy]

I got quotes on First Class for my Harley from more than one company this year, so it is doable if the vehicle is over 10 years old, in Thailand meaning not the year of manufacture but the first year in the green book.

[barefoot1988]

how much should i expect to pay 1st class insurance for 2 years old vigo? the free 1st year is going to finish soon

[Semper]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

I think it's 14 years.

[jaideeguy]

I have a 6 yr old vehicle and to save a few thb and keep the 1st class coverage, Thannachart [sp] offered me a deductible on any damages incured to me and/or the other vehicle and it saved me approx 25%. I think the deductible amount was 5,000thb, which I could pay out of pocket i reasoned, but kept the full 1st class liability coverage which to me was the most important.

[circusman]

We bet that we are going to get into an accident with damage and the insurance companies are betting we are not. Mostly, the insurance company is right or they could not make a profit.

[Pormax]

how much should i expect to pay 1st class insurance for 2 years old vigo? the free 1st year is going to finish soon

I would expect approx 14,000B depending on the model ie G.

My Toyota Vigo G is 4 years old and last year I paid just over 13,000B

A lot depends on the value the insurance put on the vehicle. On mine they only value it at 480,000B which I felt was too. low.

I enquired about upping the value but the premium increased a lot for an exrra 50,000 so decided against it.

Look around but use this as a guide..

[jbrain]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

10 years is correct. But perhaps some companies can do it for a premium. 7 years is when a safety check is required for road tax renewal.

Safety check for tax renewal is from the 5th year of age.

I guess first class insurance will be honoured even after the 7th or 10th year as long as it is a continuing policy e.g. started when the car was new.

You can not get a first class insurance after the 5th year of age if you don't have an existing policy.

[robblok]

We bet that we are going to get into an accident with damage and the insurance companies are betting we are not. Mostly, the insurance company is right or they could not make a profit.

The insurance company has many people insured to even it out and make a profit. You could make a "profit" by not going 1st class but one accident and your wiped out. The insurance company has spread its risks.

But to each his or her own, for old cars it stands to reason not to fully cover it all.

[jbrain]

how much should i expect to pay 1st class insurance for 2 years old vigo? the free 1st year is going to finish soon

I would expect approx 14,000B depending on the model ie G.

My Toyota Vigo G is 4 years old and last year I paid just over 13,000B

A lot depends on the value the insurance put on the vehicle. On mine they only value it at 480,000B which I felt was too. low.

I enquired about upping the value but the premium increased a lot for an exrra 50,000 so decided against it.

Look around but use this as a guide..

Premium also depends on how high the self risk amount is.If you take for example the first 10.000 Baht as own risk, your premium will be considerably lower

[jbrain]

We bet that we are going to get into an accident with damage and the insurance companies are betting we are not. Mostly, the insurance company is right or they could not make a profit.

I guess AIG, once the biggest insurance company in the world, wasn't right then

[Tywais]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

10 years is correct. But perhaps some companies can do it for a premium. 7 years is when a safety check is required for road tax renewal.

Safety check for tax renewal is from the 5th year of age.

Wrong, safety check for tax renewal is 7 years, personal experience and knowledge from Thai friends.

[jbrain]

I had thought (and of course I could be wrong) that you can't get 1st Class insurance on a car over 7 years old. No?

Edit: Maybe it's 10 years or more.

10 years is correct. But perhaps some companies can do it for a premium. 7 years is when a safety check is required for road tax renewal.

Safety check for tax renewal is from the 5th year of age.

Wrong, safety check for tax renewal is 7 years, personal experience and knowledge from Thai friends.

I'm not gonna argue with you, but I my experience is that the 5th renewal I have to do the inspection before they issue my tax sticker.I can be wrong but I have never owned a car or bike older than 5 years in all my years in Thailand, and have done the safety test a few times already.

Let's hope a third party will jump in with his experience.

[funcat]

10 years is correct. But perhaps some companies can do it for a premium. 7 years is when a safety check is required for road tax renewal.

Safety check for tax renewal is from the 5th year of age.

Wrong, safety check for tax renewal is 7 years, personal experience and knowledge from Thai friends.

I'm not gonna argue with you, but I my experience is that the 5th renewal I have to do the inspection before they issue my tax sticker.I can be wrong but I have never owned a car or bike older than 5 years in all my years in Thailand, and have done the safety test a few times already.

Let's hope a third party will jump in with his experience.

...what... ?!!

[naboo]

Try AXA 2+1 (they call it Smart Drive 5, about 8,500B for your vehicle (2000B excess/deductible), includes nationwide breakdown cover.

Covers the other person if it is you're fault, 200,000B bail bond and your own vehicle if you have an accident with another vehicle, regardless of fault. You can insure your vehicle at the price you want (for theft), affects the price. Does not cover you if you collide with something that isn't a vehicle, or if the other person doesn't stop/cannot be found by the police.

Linky

[Pormax]

how much should i expect to pay 1st class insurance for 2 years old vigo? the free 1st year is going to finish soon

I would expect approx 14,000B depending on the model ie G.

My Toyota Vigo G is 4 years old and last year I paid just over 13,000B

A lot depends on the value the insurance put on the vehicle. On mine they only value it at 480,000B which I felt was too. low.

I enquired about upping the value but the premium increased a lot for an exrra 50,000 so decided against it.

Look around but use this as a guide..

Premium also depends on how high the self risk amount is.If you take for example the first 10.000 Baht as own risk, your premium will be considerably lower

Yes I agree. I have no excess/self risk to pay

[wimpy]

I pay 2000 a year for 3rd class with a good driver discount. 10 year old 4 door truck. Deves Insurance.

[Tywais]

I'm not gonna argue with you, but I my experience is that the 5th renewal I have to do the inspection before they issue my tax sticker.I can be wrong but I have never owned a car or bike older than 5 years in all my years in Thailand, and have done the safety test a few times already.

Vehicle Roadworthiness in Thailand

All cars over seven years old and motorbikes over five must undergo regular inspection by official test centres. Find out where and how to get a car tested…

Cars older than seven years and motorbikes older than five years need to undergo a safety inspection every year and be issued with a document called a TorRorOr that certifies the vehicle is roadworthy. No reminder is issued but without the TorRorOr it is not possible to get the annual tax sticker once the car is over seven years old.

AngloInfo

3. VEHICLE INSPECTION PROCESS IN THAILAND

The Department of Land Transport has established regulations for vehicle inspection

requiring all motorized vehicles to submit to tests as follows: Private passenger cars, pickups

and vans aged over seven years, and motorcycles aged over five years, are required to pass an

annual inspection before vehicle registration renewal is allowed.

Journal of Eastern Asian Society for Transportation Studies - formal publication .pdf

In Thailand it is standard for all cars that are more than 7 years old and motorbikes that are more than 5 years old to be tested each year for roadworthiness. Several aspects of the mechanics of the vehicle are tested including the emissions levels. All tests are carried out at authorized test centres and this is the equivalent of the MOT test which is carried out in the UK.

Expatfocus

[jbrain]

I'm not gonna argue with you, but I my experience is that the 5th renewal I have to do the inspection before they issue my tax sticker.I can be wrong but I have never owned a car or bike older than 5 years in all my years in Thailand, and have done the safety test a few times already.

Vehicle Roadworthiness in Thailand

All cars over seven years old and motorbikes over five must undergo regular inspection by official test centres. Find out where and how to get a car tested…

Cars older than seven years and motorbikes older than five years need to undergo a safety inspection every year and be issued with a document called a TorRorOr that certifies the vehicle is roadworthy. No reminder is issued but without the TorRorOr it is not possible to get the annual tax sticker once the car is over seven years old.

AngloInfo

http://www.thaivisa....r/#entry4278116

3. VEHICLE INSPECTION PROCESS IN THAILAND

The Department of Land Transport has established regulations for vehicle inspection

requiring all motorized vehicles to submit to tests as follows: Private passenger cars, pickups

and vans aged over seven years, and motorcycles aged over five years, are required to pass an

annual inspection before vehicle registration renewal is allowed.

Journal of Eastern Asian Society for Transportation Studies - formal publication .pdf

In Thailand it is standard for all cars that are more than 7 years old and motorbikes that are more than 5 years old to be tested each year for roadworthiness. Several aspects of the mechanics of the vehicle are tested including the emissions levels. All tests are carried out at authorized test centres and this is the equivalent of the MOT test which is carried out in the UK.

Expatfocus

Allright, allright you win

Probably I was mistaken and it was only with bikes that I've been to the inspection. My brain isn't what it was years ago, you know.

[funcat]

I'm not gonna argue with you, but I my experience is that the 5th renewal I have to do the inspection before they issue my tax sticker.I can be wrong but I have never owned a car or bike older than 5 years in all my years in Thailand, and have done the safety test a few times already.

Vehicle Roadworthiness in Thailand

All cars over seven years old and motorbikes over five must undergo regular inspection by official test centres. Find out where and how to get a car tested…

Cars older than seven years and motorbikes older than five years need to undergo a safety inspection every year and be issued with a document called a TorRorOr that certifies the vehicle is roadworthy. No reminder is issued but without the TorRorOr it is not possible to get the annual tax sticker once the car is over seven years old.

AngloInfo

http://www.thaivisa....r/#entry4278116

3. VEHICLE INSPECTION PROCESS IN THAILAND

The Department of Land Transport has established regulations for vehicle inspection

requiring all motorized vehicles to submit to tests as follows: Private passenger cars, pickups

and vans aged over seven years, and motorcycles aged over five years, are required to pass an

annual inspection before vehicle registration renewal is allowed.

Journal of Eastern Asian Society for Transportation Studies - formal publication .pdf

In Thailand it is standard for all cars that are more than 7 years old and motorbikes that are more than 5 years old to be tested each year for roadworthiness. Several aspects of the mechanics of the vehicle are tested including the emissions levels. All tests are carried out at authorized test centres and this is the equivalent of the MOT test which is carried out in the UK.

Expatfocus

Allright, allright you win

Probably I was mistaken and it was only with bikes that I've been to the inspection. My brain isn't what it was years ago, you know.

I was wondering about your avatar,jbrain....what is it?