If you’re an experienced driver but have had a few car accidents or you’re on a tight budget, Type 2 car insurance provides your vehicle necessary protection with a slightly lower insurance premium when compared to Type 2+ car insurance. With MrKumka.com you can compare Type 2 car insurance from different insurance companies to help you save money while still obtaining high sum insured vehicle protection.
The best car insurance Type 2 can be found when you compare over 30+ different insurance brands on MrKumka.com . The good quality Type 2 coverage should provide the customers a high sum insured policy from THB 2,000,000 or more, which would typically cover third party liability vehicle damages, coverage for theft, fire damage as well as additional protection of THB 100,000 and up for various medical expenses that may be caused by car accidents.
This will depend on the different insurance brands, but the following are some generally common features of Type 2 coverage;
Coverage for car fire
Coverage for car theft
High sum coverage for third party damages, bodily injuries and loss of life
Liability of medical expenses and personal accident resulting from car accidents
Type 2 insurance is suitable for people who may be on a budget, have a used and older vehicle, or have had more than one insurance claim in their recent driving history. If you are not sure if Type 2 is suitable for you, we recommend the following attributes to determine if you are suitable for Type 2 insurance;
This will depend on the insurer that offers the policy but usually a Type 2 policy will cost between THB 2,500 and up to THB 7,000 depending on many variables such as vehicle brand, model, year, driving history of the driver, modifications to the automobile, and any additional coverage options that the customer may want to add.
Type 2+ is considered a ‘comprehensive’ car insurance, however, car insurance Type 2 provides a lower sum insured. Type 2 will still provide sufficient protection and cover damages to a third party automobile when involved in a car accident with a third party, but it will not cover any damages to your vehicle even if it is caused by a third party. Additionally, most Type 2 policies do not provide coverage for flood damages to the vehicle. Of course there are other differences between these two types of vehicle insurance, but the differences will vary more depending on which insurance company you choose.
Most Type 2 insurance policies do not provide coverage for own damages.
Most Type 2 insurance policies do not provide towing or or road support.
Protection in case of car fire that damages the car in any way, whether mechanically or cosmetically.
Example of this is if a house fire near your vehicle spreads and causes fire damage to the outside and interior of the car.
Protection in case of automobile theft or the car is broken into, damaged in the process and items or parts of the automobile are stolen.
Example of this is if a thief breaks into your car through a window in order to get inside your car and steal valuable items in your automobile.
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 party during a car accident.
Example is if the insured party collides with another vehicle on the road and causes damage to the third party car trunk and also a serious injury to the third party passengers that requires medical treatment.
Coverage for any bodily injury or any medical expenses that are related to a road accident.
Example is if the insured car is hit from the side, breaking the side window and causing the door to dent and in the process break the driver’s leg which would require medical attention.
Pre selected car repair garage or dealer garage upgrade
Named driver or any driver upgrade
This partially depends on your preference but also who you can trust with repairing your car. Most insurers have a pre-selected garage repair list in case a customer’s vehicle was damaged in a road accident. Some insurance brands will allow for upgrading this to have both pre-selected and dealer vehicle repair garages for an additional fee or even allow upgrading to repair at any garage of your choice for a bit of a larger fee. The reason is that insurers build relationships with their pre-selected repair garages so as to be sure they can guarantee quality of repair and get a lower cost for their customers. If choosing other types of repair garages, an extra fee is added to the insurance premium as the insurer is not able to provide guarantees on the level of car repair quality, it also increases the risk that the vehicle could have issues in the future because of lower quality repair.
This will largely depend on who is driving your automobile most of the time. This coverage upgrade allows for adding additional drivers to your insurance policy and still receive the same level of coverage. Most insurance providers will only allow you to be named as the driver in the policy but by paying an extra fee, you can add other named drivers to your insurance coverage. You can upgrade this even more to have any driver in your policy by charging a higher fee to your premium.
Example of this is if you have a car that you share with your son. By selecting this upgrade on your insurance policy to allow for any driver, any one of your family members can drive the car without having to be named in the policy and still receive the same level of protection. This will increase your insurance premium cost but it will also ensure that your vehicle is protected, no matter who is driving it.
This will depend on your insurance company and their claim guidelines. You can visit our How to Claim page that provides a bit of claim details for the most popular insurance companies in Thailand.
Feel free to reach out and contact us at MrKumka.com and we are happy to go through the details of each insurance brand and policy options so that you may find the protection suitable for you. Contact: 02 582 8836