do you have insurance on your bike?

[ghworker2010]

We have a 2nd hand scooter (moped) but don't have any insurance. We only do short trips to the markets sometimes. Its registered and has the proper plate but we dont have insurance.

If we have an accident and cause injury to a 3rd party then I presume this is where it would be prudent to have insurance? Would it cover this liability?

thanks

[Henryford]

I do very few miles on my bike so just have the compulsory Government insurance.

[taninthai]

I originally bought my bike for off roading so didn't bother with proper insurance o my government por bor ror ..or whatever it's called,however I have ended up using it on the road a lot with some quite long journeys so do plan to get some proper insurance,it's not wise to use it on the road without some proper insurance ,if you have an accident and cause injury or death to someone you can have some real problems without proper insurance in place.

[KhruGin]

The cost of tax and basic gov. insurance on a bike up to 125cc is about 420 baht. However, if it has not been taxed for a while then you have to pay the back duty owed as well. Also if not taxed for more than 3 years (afaik) then you lose the plate and registration of the bike and have to start again.

Umm, if its a case of a mere 420 Baht then I suggest you sort it eh lol.

[Kwasaki]

Usually most people know you have to have compulsory gov insurance to get a road tax disc.

Have you got road tax disc. ?

[bramds]

The cost of tax and basic gov. insurance on a bike up to 125cc is about 420 baht. However, if it has not been taxed for a while then you have to pay the back duty owed as well. Also if not taxed for more than 3 years (afaik) then you lose the plate and registration of the bike and have to start again.

Umm, if its a case of a mere 420 Baht then I suggest you sort it eh lol.

It is 5 years and nothing like start again, your green book and plate become invalid.

It means you actually forfait the bike.

[thailand49]

Based on what you are asking, the registration, tax and the required complusory insurance has no direct relationship to your question 3rd party coverage.

The government complusory insurance that is required when you register the bike only covers your medical expenses 10,000-15,000 baht? It does not cover 3rd party medical, property, nor does it coverage your bike.

You can go to a Insurance company like AXA, or a broker and buy additional insurance to cover addition medical and property for yourself and 3rd party! The cost will range around 2,000-3500 baht depending on the age and CC of your bike and amount of coverage.

[jacko45k]

Without insurance you cannot pay the tax.

I know there are plenty of bikes like this in rural areas where the chance of a police check are near zero, but one day you may have an accident.

[cnx355]

Based on what you are asking, the registration, tax and the required complusory insurance has no direct relationship to your question 3rd party coverage.

The government complusory insurance that is required when you register the bike only covers your medical expenses 10,000-15,000 baht? It does not cover 3rd party medical, property, nor does it coverage your bike.

You can go to a Insurance company like AXA, or a broker and buy additional insurance to cover addition medical and property for yourself and 3rd party! The cost will range around 2,000-3500 baht depending on the age and CC of your bike and amount of coverage.

I have Third party insurance with a broker on my Yamaha Nouvo and the bill for both Compulsory Insurance and Third Party Insurance is about 2400 B annually.

Third party include Bail Money too.

[BobS]

"The government compulsory insurance that is required when you register the bike only covers your medical expenses 10,000-15,000 baht? It does not cover 3rd party medical, property, nor does it coverage your bike."

This statement is incorrect. The government insurance covers 50,000 baht of medical to the other person and 15,000 baht to you. There is no coverage for property damage or damage to your bike.

As another poster said, you MUST have proof of this insurance to pay the annual road tax and get the sticker. Your bike may have a plate and book, but if you don't pay the road tax you are not driving legally.

You can get 1st class insurance on larger bikes - but not on scooters. There is an bike age limit on how long you can get 1st class.

You can get Extended 3rd party coverage on larger bikes, no matter the age of the bike. It has higher medical, some property damage coverage, and bail bond coverage.

You can get some theft coverage on new scooters through your homeowners insurance.

All of this is from personal experience.

[Ulic]

I have the government mandated insurance, I just want to stay legal with the police.

Costs very little, I wish they sold in in multi year numbers because it is the time and

bother, not the cost that I dislike. I was away for 18 months and my coverage had

expired. When I went in to do the insurance I had to pay for the previous years

insurance as well as the current years.

[thailand49]

Based on what you are asking, the registration, tax and the required complusory insurance has no direct relationship to your question 3rd party coverage.

The government complusory insurance that is required when you register the bike only covers your medical expenses 10,000-15,000 baht? It does not cover 3rd party medical, property, nor does it coverage your bike.

You can go to a Insurance company like AXA, or a broker and buy additional insurance to cover addition medical and property for yourself and 3rd party! The cost will range around 2,000-3500 baht depending on the age and CC of your bike and amount of coverage.

I have Third party insurance with a broker on my Yamaha Nouvo and the bill for both Compulsory Insurance and Third Party Insurance is about 2400 B annually.

Third party include Bail Money too.

Yes, as noted the cost will depend on the size CC,and the coverage provided, I current have 3 PCX 150, two of them I got at a auction and plan to resell them so only registration but no 3rd party insurance. My own 2 years old 150 PCX I pay 3200 a year with AXA

Edited May 3, 2016 by thailand49

[paulinbkk111]

First class insurance on a cbr300 was 4400 with Tokyo Marine. One year old bike. Have it more for theft and peace of mind.

[Briggsy]

I pay 8000 Baht for first class insurance on a CB 500X. For my 125, I just go with the compulsory government insurance.

[Happy Grumpy]

1st class insurance that includes bail bond.

Mind boggling that Westerners would ride in Thailand without this.

[IAMHERE]

Sounds as if I buy a used 150 PCX I'll have to pay the insurance that has not been paid by the current and all previous owners?

[canthai55]

You can get 1st class insurance on larger bikes - but not on scooters. There is an bike age limit on how long you can get 1st class.

I have had First Class insurance on every bike - of every size - since arriving in Thailand. Now have it on my PCX and the Wifes.

So it is available for scooters.

[RedQualia]

I just bought a new bike that came with a year's worth of "first class" insurance. Not sure what company, but I asked the value of the insurance and was told 20,000 Baht. The bike is an 850. First bike I had was a 250. I think the cost of "first class" insurance for that one was about 7,000 Baht when new, decreasing a bit each year. Problem was that coverage also decreased each year and did not keep up with the value of the bike at all. And so after a few years, I discontinued the "first class" and just went with the mandatory coverage provided when you register your vehicle each year. The bike I just sold was a 2010 Kaw 650. When I looked at getting "first class" insurance for that one back in 2012, it was again greatly overpriced and wouldn't come anywhere close to the replacement cost of the bike. And so I opted again, in that case, to just ride with the mandatory insurance provided at the time of vehicle registration. Lower insurance coverage is a great incentive to drive safely... Never a bike accident here in Thailand (knock on wood). Note that my wife and I do have supplemental general purpose accident insurance which would help with personal medical costs.

I will check to see what kind of insurance I can get when my current policy expires. I highly doubt that what they'll try to sell me as "first class" will be first class in any way. But more liability insurance than what the mandatory insurance coverage provides would probably be a good idea... Something that will pay more for medical for both myself and others, as well as repair of the other party's vehicle.

In any case, I am of the opinion that at least the mandatory insurance must be in place on all of our vehicles, or I do not permit the vehicles be operated. My truck has much higher coverage than the scooters. My wife had a bit of trouble understanding when it lapsed by a few days in the past and I refused to let it be moved from the driveway. She also has trouble understanding why I don't let her family use it now and again. Which is to say, she seems to have difficulty understanding the importance of insurance.

I think a good many Thai people have that same difficulty. Westerners should not.

[canthai55]

First Class insurance comes with many things which I consider mandatory. Agent appears at accident site, sorts out details, takes statements, liason with police. Bail Bond. And on all my bikes - large and small - First class covers aprox 80% of replacement value, even the accessories added to the bike. Just show them the bike, with a list of what you added and the prices, they take a few pics - done. Drive with minimum insurance - no matter how safe you are as a driver - how do you control the actions of the other drivers ? Answer - you have no control. So have an accident, and not First Class coverage, be ready to pay. And pay. And pay. No Brainer in my Opinion.

[Happy Grumpy]

^^ The value of the bike is really secondary.

It's coverage for the other person, their vehicle, and bail bond that is primary.

[bramds]

First Class insurance comes with many things which I consider mandatory. Agent appears at accident site, sorts out details, takes statements, liason with police. Bail Bond. And on all my bikes - large and small - First class covers aprox 80% of replacement value, even the accessories added to the bike. Just show them the bike, with a list of what you added and the prices, they take a few pics - done. Drive with minimum insurance - no matter how safe you are as a driver - how do you control the actions of the other drivers ? Answer - you have no control. So have an accident, and not First Class coverage, be ready to pay. And pay. And pay. No Brainer in my Opinion.

This is very useful when you are still at the site of the accident.

By the time the insurance guy came to my last accident, I was already on a hospital bed, so half of the damaged items where not noted, including my helmet.

Went to the insurance office when I came out of the hospital and couldn't add these things, should have been done at the place of the accident.

[connda]

Its registered and has the proper plate but we dont have insurance.

Yes you do, or else you couldn't register it.

[connda]

Even driving around in your village and some idiot pulls out in front of you without looking: it's your fault farang.

3rd class insurance costs between 2 to 3k THB a year. $60 to $100. It's cheap - buy it!

[connda]

1st class insurance that includes bail bond.

Mind boggling that Westerners would ride in Thailand without this.

1st class is good for 'new' and 2nd class for almost 'new', ie, do you want to pay the premiums for a collision, fire, and theft policy that will pay you peanuts for damage to your old bike? 3rd class insurance will include a bail bond. If it doesn't, find another insurer.

1st Class

An insurance policy that covers the insured vehicle’s driver and passengers, theft, fire damage, damage from accidents and collisions, Compulsory Third Party Liability, Third Party property damage, and bail bonds.

2nd Class

An insurance policy that covers the insured vehicle’s driver and passengers, theft, fire damage, Compulsory Third Party Liability, Third Party property damage, and bail bonds.

3rd class

An insurance policy that covers the insured vehicle’s driver and passengers, Compulsory Third Party Liability, Third Party property damage, and bail bonds. <--- good for old, used bikes.

Edited May 4, 2016 by connda

[Briggsy]

Good post, connda. You have correctly pointed out that premiums are high and payouts strictly limited so third party is often the best way to go for older bikes.

My own experience with second class insurance for bikes was that I could not find an insurer who would offer theft insurance on my bike in a second class policy. This forced me to choose between first and third. With that particular bike, I went with first.

With bikes, it is a limited field for insurance in Thailand and while you will find something, it may not tick all the boxes you want ticking. For me, I could not find a 2nd class policy covering theft.

[MAZ3]

Does anyone have or know insurance for Classic Bikes?,doesn't seem catered for here?.

[bramds]

Does anyone have or know insurance for Classic Bikes?,doesn't seem catered for here?.

Your only option there is the compulsory government insurance.

[georgy]

Does anyone have or know insurance for Classic Bikes?,doesn't seem catered for here?.

Did you ask an insurance company ?

[MAZ3]

Does anyone have or know insurance for Classic Bikes?,doesn't seem catered for here?.

Did you ask an insurance company ?

Yes,but they seem to only cover up to 7 years old and even the value on the bike is low.

Just hoped someone may have found an insurance company that specialise in Classic Bikes.

Cheers

[georgy]

My bike is 14, no problem to get 3rd class.

As far as I know the 7 years rule is valid for 1st class only.

Edited May 10, 2016 by georgy