As you would expect, if you’re going to ride a motorcycle in Thailand you’ll need to carry required insurance. Even if that weren’t the case, however, you would want to have insurance because the driving habits there are such that tens of thousands of accidents are reported every year. Then there are those that go unreported for one reason or another. Buses will often drive fast regardless of how heavy traffic is and taxi drivers will commonly change lanes without using their signals and these are just some of the scenarios where accidents will happen.
Surprisingly, there are a high number of accidents that involve cars and motorcycles that are parked in public areas. Because of the high rate of accidents, it’s not at all uncommon for someone to be trying to avoid a situation but ultimately crashes into a parked vehicle or motorcycle. So even in a case where your bike is parked, it could be involved in an accident.
Compulsory And Private Extended Insurance
All cars and motorcycles are required by law to carry liability insurance. It is called Por Ror Bor. This type of protection needs to be renewed each year and it provides the most basic coverage for those involved in an accident. The biggest issue is that this type of coverage is very often insufficient. This means if you’re looking for big bike motorcycle insurance in Thailand then you will likely want to get additional insurance above what is required.
It is not if but when you will have an accident and whether or not you will be fully covered by your insurance that is in question. If you carry only the required compulsory insurance, then you will not have enough to cover your bike or cost related to the other vehicle involved if the accident is determined to be your fault. This means you could be looking at a substantial amount of out-of-pocket expenses to fix your bike, to pay for medical expenses for yourself, or for the cost involved of the other vehicle if you’re required to pay for that.
Different Classes Of Insurance For Motorbikes
Class 1 insurance is what will be needed for big bike motorcycle insurance (ประกันรถมอเตอร์ไซค์ bigbike) in Thailand. This is for motorcycles that are 5 years old or younger and at least 250 CC and above. This type of insurance will provide coverage for both your bike and you. This insurance can even cover things such as medical treatment, bail bond, as well as property damage and coverage for dismemberment.
Class 2+ and 3+ can also provide partial coverage for your bike and third-party coverage. This has personal accident insurance and may include coverage for medical treatment and bail bond. Typically this has only partial coverage for your motorcycle.
Class 3 insurance is for older motorcycles that are more than five years old. This is mostly to cover third-party costs. It can include coverage for bail bond and medical treatment. Fortunately, if you have a large bike, it can receive comprehensive insurance whereas bikes under 250cc cannot.
Getting The Motorcycle Coverage You Need
To get coverage, you’ll need to provide certain documents. These include a valid passport and a Thai driver’s license. It’ll also be necessary for you to offer your motorcycles deed of sale or it’s registration or green book. Once everything is determined to be satisfactory, then it’s merely a matter of paying your premium and you will be covered. The policy itself will typically be mailed to your address in Thailand within 1 to 2 weeks.
When getting insurance, you’ll need to verify what it covers and how much it will pay out for each type of coverage. For example, class 1 insurance will cover an accident where there isn’t a third party that was involved. This would be a situation where you hit a business structure or you wrecked into a tree and there was no one else involved. Other coverage would not have any payout for that situation.
Thailand driving habits are such that accidents are more likely to happen than not. This means that to the extent that it is reasonable to do so, having as much added coverage is recommended. Of course, a person should consider the overall costs and what coverage will be provided for that cost.