Whether you are a new driver or experienced behind the wheel, Type 1 car insurance offers your vehicle the highest level of protection but it is also the most expensive. With MrKumka.com you can compare Type 1 policies from different brands and save money while still getting high sum insured coverage.
You can find the best Type 1 coverage by comparing over 30+ different insurance companies on MrKumka.com . The best Type 1 coverage should offer the customer high sum insured policy from THB 5,000,000 or higher, which would cover own damages with or without a third party, towing service, coverage for theft, flooding, third party liability as well as additional coverage of THB 100,000 and up for various medical expenses that may result from a car accident.
This will vary between different insurance providers, but the following are some generally common features of Type 1 coverage
High sum coverage for your car damage from a car accident with or without a third party
Coverage for damaged windscreen
Coverage for 24/7 towing service
Coverage for car theft
Coverage for car fire
Coverage for flooding
High sum coverage for third party damages and bodily injury
High sum coverage for various medical expenses resulting from road accidents
Most people believe that Type 1 coverage is for expensive or luxury cars, however a Type 1 policy is meant to offer the highest level of protection for any vehicle that is driven often, tends to drive with passengers and is of high value to the driver. If you are not sure if Type 1 is suitable for you, we recommend the following characteristics to determine if you are suitable for Type 1 insurance
This will greatly depend on the insurer that offers the policy but in general a Type 1 policy will cost anywhere between THB 5,000 and up to THB 50,000 depending on many factors such as vehicle brand, model, year, driving history of the driver, modifications to the automobile, and any additional coverage options that may be added.
High coverage for any car damages that are results of car accidents caused by the insured or any named driver but does not involve any third party.
Example of this is if you hit a tree with your vehicle and dented the bumper and hood.
High coverage for any car damages that are results of road accidents caused by the insured or any named driver and involving a third party.
Example of this is if you hit another vehicle while you are pulling out of a parking space and damage your own car bumper.
Coverage for damaged or cracked windscreen as a result of a car accident or natural disaster.
Example of this is if your windscreen gets hit and cracks due to a rock or other item falling from the back of a truck while driving on the expressway.
24/7 towing service provided in the event that your vehicle breaks down or is not able to start any time of the day. The towing service will tow your vehicle to the insurance company’s provided repair garage or to the repair garage of your choice or whichever may be closer to the scene of the incident.
Example of this is if your battery dies in the middle of the night while you are at a rest stop on the highway and you need your vehicle towed to a repair shop in order to install a new car battery.
Coverage for flooding and other natural disasters if your vehicle is significantly damaged by natural cause and it cannot be driven as normal.
Example of this is if a tree falls on your vehicle in the middle of the night due to a strong thunderstorm.
Protection in case of vehicle fire that damages the vehicle in any way, whether mechanically or cosmetically.
Example of this is if a utility pole falls near or on your vehicle and sparks an electric fire which causes fire damage to the outside and interior of the car
Protection in case of car theft or the car is broken into, damaged in the process and items or parts of the vehicle are stolen.
Example of this is if a thief breaks the car window in order to get inside your vehicle and steal the display panel or audio system of your vehicle.
High coverage for damages and liability to a third party vehicle as well as any bodily injury or loss of life that is caused by the insured during a car accident.
Example of this is if the insured hits another vehicle on the road and causes damage to the third party vehicle body as well as an injury to the third party driver that requires medical attention.
Protection for any bodily injuries or any medical expenses that are related to a car accident.
Example of this is if the insured automobile is hit from the side, breaking the window and causing the glass to cut the driver and requiring minor medical treatment.
Excess insurance or insurance deductible upgrade
Pre selected car repair garage or dealer garage upgrade
Named driver or any driver upgrade
by adding excess insurance or insurance deductible to your policy, you are able to avoid making unnecessary claims and thus maintaining your good driver history. Excess insurance may affect your total insurance premium but it will benefit the insured in the long term and help them save money.
Example of this is if you added THB 3,000 Excess onto your insurance policy and later you had a minor car accident with or without a third party but you are at fault. You will end up paying for your own automobile repair cost up to THB 3000 and avoid having to make an insurance claim. If the repair costs are higher than your THB 3,000 excess, you will have to make a claim with your insurer to cover the amount that is over your excess insurance. This only applies to claims where the insured is at fault, otherwise the insurance company of the guilty party and your insurer should cover the costs without affecting your good driver history or your No Claim Bonus.
This depends on your preference and who you trust more to repair your vehicle. Most insurers provide a pre-selected garage repair option in case the vehicle has been damaged in a road accident. Some insurers allow upgrading this to a list of both pre-selected and dealer car repair garages for a small fee or even upgrade to repair at any garage for a slightly bigger fee. The reason for this is that an insurance company will often build relationships with their pre-selected car repair garages in order to be able to guarantee quality of repair and lower costs for their customers. By deciding to choose other types of repair garages, an extra fee is added to your policy as the insurance company is not able to guarantee the level of car repair quality and it increases the risk that the car may have future issues because of faulty repair.
This will largely depend on who will be driving your vehicle. This coverage upgrade option allows you to add additional drivers to your insurance policy and still receive the same amount of coverage. Most insurers will only allow you to be named as the driver in the policy but by paying an additional fee, you can add additional named drivers to your policy. You can upgrade this further and allow for any driver in your policy by adding a higher fee to your premium.
Example of this is if you have a car that you share with many family members. By upgrading your insurance policy to allow for any driver, any one of your family members can drive the vehicle without having to be named in the policy and still receive the same level of coverage. This will increase your insurance premium but it will also ensure that your car is protected, no matter who is behind the wheel.
This will depend on your insurer and their claim guidelines, but you can visit our How to Claim page that provides a bit of claiming details for the most popular insurance brands in Thailand.
Feel free to reach out and contact us here at MrKumka.com and we will be happy to go through the details of each insurance brand and coverage options so that you may find the policy suitable for you. Contact : 02 582 8836