Car insurance for older model?

[impulse]

Recently bought an older model car that has government mandated insurance for another 6 months or so.

I want to make sure I have coverage to repair other peoples' vehicles and medical care for people I may have an accident with.

I'm not concerned about insuring my car for damage, theft, vandalism, etc as it's old and I can replace it if I need to (ouch, but doable). Only looking for good liability coverage for other peoples' damages.

I don't want to end up with a 5 million baht bill for damaging a passing Mercedes while I'm sitting at redlight.

Is there a resource that spells out my options? Recommended companies (also, companies to avoid)?

[AAInsuranceBrokers]

Obviously this depends on the age of the car (and the make/model).

There are different options for the older cars like the +1 range of plans but may we suggest you complete the form HERE and we can offer you what is available for your vehicle ?

[Wavefloater]

Obviously this depends on the age of the car (and the make/model).

There are different options for the older cars like the +1 range of plans but may we suggest you complete the form HERE and we can offer you what is available for your vehicle ?

As I've got an older vehicle that I occasionally use, I'm curious too.

However, I don't understand why it depends on the age, make, or model of the car as the OP has made it clear that he wants liability, injury, and/or damage coverage ONLY for the other guy. Is there no policy that offers coverage for the other guy and his car but doesn't cover my car or injuries?

Edited August 8, 2013 by Wavefloater

[impulse]

Obviously this depends on the age of the car (and the make/model).

There are different options for the older cars like the +1 range of plans but may we suggest you complete the form HERE and we can offer you what is available for your vehicle ?

Thanks, and I may well do that.

But before I start filling out forms and taking quotes, (and possibly subjecting myself to endless high pressure phone calls if past history with other insurance agents is any indication) I want to research what the options are.

And I'm with Wavefloater- if I want no coverage for my own vehicle, why does it matter what it is? The liability for damage to others is the same whether I'm driving a Yugo or a Ferrari.

Edit: Additional explanation- I'm looking for non-biased caveats about what to look for in the fine print, like exclusions for driving at night, or in the rain, or in other provinces, or if the guy "I hit" is drunk or rich, or if the traffic police file charges (or don't). Hopefully from real life experiences since it seems everything under the sun has happened to one TV user or another. I'm also looking for recommended liability limits based on what people have actually experienced.

Edited August 8, 2013 by impulse

[stevenl]

Obviously this depends on the age of the car (and the make/model).

There are different options for the older cars like the +1 range of plans but may we suggest you complete the form HERE and we can offer you what is available for your vehicle ?

As I've got an older vehicle that I occasionally use, I'm curious too.

However, I don't understand why it depends on the age, make, or model of the car as the OP has made it clear that he wants liability, injury, and/or damage coverage ONLY for the other guy. Is there no policy that offers coverage for the other guy and his car but doesn't cover my car or injuries?

Yes, there is, but the risk assessment by the insurance company also depends on the car driven. So make etc. of the car driven can effect the premium for 3rd party liability insurance.

[impulse]

Yes, there is, but the risk assessment by the insurance company also depends on the car driven. So make etc. of the car driven can effect the premium for 3rd party liability insurance.

I have no doubt that's true. Nor do I want to tilt at windmills. And thanks for a good point of data for me to consider.

But I'm wondering if that's just an excuse to get more money from the folks that can afford it, or is it actually based on 3rd party liability claims histories of people who drive that model automobile? Or does it reflect the fact that more 3rd parties tend to step in front of Ferraris than Yugos because they know they'll get a bigger settlement, or that more injured people have extensive injuries when they see they've won the motor vehicle lottery being hit by a Ferrari?

Do all the Thai insurance companies use the same "actuarial tables" for the different auto models or is one company better with old cheap cars and another better with expensive, new cars?

Once again, pointing to any resource on the web for some research would be appreciated.

[canopus1969]

Yes, there is, but the risk assessment by the insurance company also depends on the car driven. So make etc. of the car driven can effect the premium for 3rd party liability insurance.

I have no doubt that's true. Nor do I want to tilt at windmills. And thanks for a good point of data for me to consider.

But I'm wondering if that's just an excuse to get more money from the folks that can afford it, or is it actually based on 3rd party liability claims histories of people who drive that model automobile? Or does it reflect the fact that more 3rd parties tend to step in front of Ferraris than Yugos because they know they'll get a bigger settlement, or that more injured people have extensive injuries when they see they've won the motor vehicle lottery being hit by a Ferrari?

Do all the Thai insurance companies use the same "actuarial tables" for the different auto models or is one company better with old cheap cars and another better with expensive, new cars?

Once again, pointing to any resource on the web for some research would be appreciated.

You are talking about 3rd Class ? If so don't make mountains out of molehills, just go and buy it - not expensive

Edited August 9, 2013 by canopus1969

[impulse]

You are talking about 3rd Class ? If so don't make mountains out of molehills, just go and buy it - not expensive

Possibly I'm a little paranoid. But the most expensive insurance is the one that doesn't pay out when needed because I didn't understand the policy and its limitations.

I got a little spooked when I was researching insurance for a rental car and they specifically excluded coverage if "You make any statement (even to to police) indicating it was your fault" or "Pay any type of compensation to anyone related to the accident". I'm paraphrasing because it was awhile back I looked into it. I'd sure hate to null out my coverage by honestly filling out a police report...or go to jail for lying on one.

And, as stated in my OP, I have no clue whether "I'm talking about 3rd Class" because I don't know what 1st class, 2nd Class or 3rd (or other) Class are. Hence the thread. But I will be adding 3rd Class to my Google searches later today.

Edited August 9, 2013 by impulse

[robblok]

Yes, there is, but the risk assessment by the insurance company also depends on the car driven. So make etc. of the car driven can effect the premium for 3rd party liability insurance.

I have no doubt that's true. Nor do I want to tilt at windmills. And thanks for a good point of data for me to consider.

But I'm wondering if that's just an excuse to get more money from the folks that can afford it, or is it actually based on 3rd party liability claims histories of people who drive that model automobile? Or does it reflect the fact that more 3rd parties tend to step in front of Ferraris than Yugos because they know they'll get a bigger settlement, or that more injured people have extensive injuries when they see they've won the motor vehicle lottery being hit by a Ferrari?

Do all the Thai insurance companies use the same "actuarial tables" for the different auto models or is one company better with old cheap cars and another better with expensive, new cars?

Once again, pointing to any resource on the web for some research would be appreciated.

How about the difference in damage a pickup can do an other car and a honda yaris. For an insurance company its good to know what car is driven.