Sandman77 Posted January 7, 2013 Share Posted January 7, 2013 Hi! Our insurance told us,a a degree insurance for a older car is not possible! Siam auto finance Can someone confirm this? Now we pay 3000 Bath year, so is realy not possible make insurance for older car, for a higher rate? Sent from my iPhone using ThaiVisa app Link to comment Share on other sites More sharing options...
doontp Posted January 7, 2013 Share Posted January 7, 2013 Yes, I can confirm. I bought a 10 yr old pickup truck. I couldn't get 1st class insurance. I was told no one can get 1st class ins on any vehicle over 5 yrs old. Link to comment Share on other sites More sharing options...
culicine Posted January 7, 2013 Share Posted January 7, 2013 My honda civic, 9 years old, has first class insurance - some companies offer it, but its 15K a year. We will go back to cheap insurance next time, as we won;t be using the car that much after we get the swift. Link to comment Share on other sites More sharing options...
Sandman77 Posted January 7, 2013 Author Share Posted January 7, 2013 How much aproximently the repair coasts after a accident ? Someone told me relatively cheap comparing to the high insurance price ! It's via versa from Europe here in Thailand ! Sent from my iPhone using ThaiVisa app Link to comment Share on other sites More sharing options...
Sandman77 Posted January 7, 2013 Author Share Posted January 7, 2013 What name of insurance offer for 15k and how much the pay realy? Can I go to every insurance? Or only the bank insurance finance the car accepted? Sent from my iPhone using ThaiVisa app Link to comment Share on other sites More sharing options...
WarpSpeed Posted January 7, 2013 Share Posted January 7, 2013 Crap server kept me from posting but glad I saved my post. It's 10 years not 5 in the case of comprehensive AKA first rate insurance as most of you refer to it many cars can be financed longer then 5 years and the problem I had with it's not just your car you can't cover which was never my great concern but it's being unable to add liability if you're at fault. It seems to make no sense to me that if I had hit a Merc or worse yet had a control issue due to mechanical failure or something and hit another person outside of a vehicle and caused injury or damage I could be on the hook for big money to repair it or medical bills. Probably not a problem so much for a Thai with the more expensive vehicle usually taking the cost but a foreigner may not get off so lucky and it's too big a gamble. In the west there are all range of limits and liabilities packages available, but here in most cases it's all or nothing. I managed to get insurance on my car just under the maximum time limit which for liability coverage is 15 years and it's been grandfathered in and when I sold it, the new owner continued the coverage and now it's over 16 years old but it's covered for liability property damage and injury not for comprehensive to the car damage.. BTW it was more expensive obviously but not 15k per annum it was about 9k as I recall.. Link to comment Share on other sites More sharing options...
thaicbr Posted January 8, 2013 Share Posted January 8, 2013 You can also get 2nd class plus and 3rd class plus on older vehicles. sent from my Q6 Link to comment Share on other sites More sharing options...
Forkinhades Posted January 8, 2013 Share Posted January 8, 2013 Just renewed my insurance on my 8 year Honda, was told could not have 1st class insurance with same company, but another will do for 18,000. They offered 5th class which was 8000, and the cover was exactly the same except for, 2000 baht excess, and if hit a wall, they would not fix the car, but repair the wall? so for 10,000 difference it was absolutley no contest. (have never hit a wall yet!! 'touch wood') Link to comment Share on other sites More sharing options...
anon210 Posted January 8, 2013 Share Posted January 8, 2013 The difficulty to purchase 1st class insurance after a few years seems to make a compelling argument for buying a new car after five years maximum... 1 Link to comment Share on other sites More sharing options...
hansnl Posted January 8, 2013 Share Posted January 8, 2013 (edited) Asia Insurance 1950 does! First, second and third year 2000 baht own risk After that none. You choose the cover, minimum 100,000 baht for repair and loss Other amounts 500,000 till 1,000,000 Edited January 8, 2013 by hansnl Link to comment Share on other sites More sharing options...
barefoot1988 Posted January 9, 2013 Share Posted January 9, 2013 how does 5th class & 2nd class insurance covers? im on 3rd party insurance on my 99 tiburon, any better insurance to recommend? i heard alot on this scenarios that if a motorcyclist is being killed in a accident, the driver would be jailed till insurance bails you out or some sort along that line. what class insurance does that? also anyone know whats the right procedure when you had accident with a unlicensed driver? if he is in a fault, would i able to get my 3rd party insurance to claim from him? Link to comment Share on other sites More sharing options...
transam Posted January 9, 2013 Share Posted January 9, 2013 Email AA insurance (Thailand) in English. Link to comment Share on other sites More sharing options...
Forkinhades Posted January 9, 2013 Share Posted January 9, 2013 ok my 5th class insurance states : Main coverage Third Party 1,000,000.00 baht/Person 10,000,000.00 baht/Accident Car insured for 350,000 (8 year old Honda) Own damage to collision with motor vehicles : 350,000, in if fault 2000 excess Additional coverage 100,000.00 Driver, and up tp 4 passengers Medical expenses 100,000.00 per person Bail Bond 300,000.00 The cost of this insurance (from AA who advertise here) 8,550.37 baht Link to comment Share on other sites More sharing options...
Forkinhades Posted January 9, 2013 Share Posted January 9, 2013 Just to add the 5 classes are: 0: Compulsory (this could in fact be 4?) 1: Comprehensive cover 2: Fire and theft 3: Third Party only 4: ? 5: 2+1 almost seems like a piece of compter code there you go, this is my understanding of it! Could be wrong of course Link to comment Share on other sites More sharing options...
charlie42 Posted February 6, 2013 Share Posted February 6, 2013 AXA are doing a deal now. I got my 11 year toyota soluna insured two weeks ago first class for 9,700 . Second class was 7,900, its a no brainer. This deal is for cars up to 15 years old. Charlie Link to comment Share on other sites More sharing options...
transam Posted February 6, 2013 Share Posted February 6, 2013 My truck is in it's sixth year and no probs with first class insurance with a Thai Co. Link to comment Share on other sites More sharing options...
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