Compulsory insurance

[Dave8237]

HI

I am just renewing my car insurance, I am purchasing class 1 insurance, they are asking if I wish to purchase Compulsory Insurance or ACT on top of the class 1.

What I would like to know is, what is this ACT, and what is the benefit if I do buy, and what are the consequences if I don't, its an extra 645.11THB, it wont break the bank, and the cost of the insurance with this is 11 to 12500THB depending on what damage level I take.

Thank you for any information

[harrry]

The compulsory insurance is a basic injury only insurance., You must have it or you cannot licence your vehicle. It is up to you which company you buy it from but it is best if all your car insurance is with the same company.

Edited February 12, 2014 by harrry

[stevenl]

They're not asking, they're telling you you have to buy it. It is compulsory.

[Upnotover]

The benefit of buying it is that you will be legal, you cannot get your annual road tax without it. It is compulsory and provides some minimal cover in case you don't have any other insurance. Your class 1 insurance is the optional bit.

[Dave8237]

Thank you, I guess I will buy it then!!!!!!!

Yes I"ll just add to the class one with the insurance company I will be using.

[stevenl]

Thank you, I guess I will buy it then!!!!!!!

Yes I"ll just add to the class one with the insurance company I will be using.

Yes, that makes most sense.

[harrry]

If the period of validity of the current compulory insurance coincides with the validity of the tax disk it will be best to get it from the same company you get the first class starting from that date. If not it may be possible to pay a little more to ensure that the full period is covered. Ie if the insurance would be due in feb and the tax in may pay to have the extra two months added to the new policy so that it will expire in may next year.

[Upnotover]

If the period of validity of the current compulory insurance coincides with the validity of the tax disk it will be best to get it from the same company you get the first class starting from that date. If not it may be possible to pay a little more to ensure that the full period is covered. Ie if the insurance would be due in feb and the tax in may pay to have the extra two months added to the new policy so that it will expire in may next year.

No need to do anything I think. My insurance (compulsory and 1st class) runs annually from early December. The tax is due end January. The only thing needed is to have the compulsory insurance at the time of taxing the car, it doesn't have to be valid for the full year.

[harrry]

No but you will be driving an uninsured vehicle and be liable for the part of the hospital costs it normally would cover. that is the time I was talking about. Of course if you renew both in December that is fine too.

Edited February 13, 2014 by harrry