If you’re driving an older and used car or you’re on a tight budget, Type 3+ car insurance provides your automobile with necessary protection and with a bit lower insurance premium when compared to Type 2+ car insurance. Compare Type 3+ car insurance with MrKumka.com and choose from different insurers to help you save money while still obtaining sufficient coverage for your vehicle.
The best car insurance Type 3+ can be found when you compare between 30+ different insurance companies on MrKumka.com . A good quality Type 3+ coverage will provide customers with a sum insured policy from THB 2,000,000 or more, which would typically cover third party liability vehicle damages, protection for own damages, towing service as well as additional protection of THB 100,000 and up for various medical expenses that may be caused by road accidents.
This will depend on the different insurance companies, but the following are some generally common features of Type 3+ coverage;
Coverage for own damages due to collision with third party
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 3+ insurance is suitable for people who may be on a budget, have a used and older automobile, or have had more than two insurance claims in their driving history. If you are not certain whether Type 3+ is suitable for you, we recommend the following attributes to determine if you are suitable for Type 3+ coverage;
This will depend on the insurance company that offers the policy but usually a Type 3+ policy will cost between THB 2,000 and up to THB 4,000 depending on many variables such as vehicle brand, year, model, driving history, any vehicle modifications and any additional coverage options that the customer may want to add.
Type 2+ is considered a ‘comprehensive’ car insurance, however, vehicle insurance Type 3+ provides a lower sum insured. Type 3+ will still provide protection for own damages resulting from a car collision and cover damages to a third party automobile when involved in a car accident with a third party. Additionally, most Type 3+ policies do not provide coverage for flood or fire damages to the automobile. Of course there are other differences between these two types of vehicle coverage, but the differences will vary more depending on which insurance provider you choose.
Most Type 3+ insurance policies provide limited coverage of 150,000 for own damages.
Depending on your insurance provider, some Type 3+ insurance policies provide towing or road support.
Most Type 3 + policies do not cover natural disasters or fire damage to vehicle.
Most Type 3 + policies do not provide coverage for car theft or break in.
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 has a road accident with another automobile and causes damage to the third party car hood and windshield and also a minor injury or cuts to the third party passengers that requires medical attention.
Coverage for any bodily injury or any medical expenses that are related to a car accident.
Example is if the insured vehicle is hit from the front, breaking the windshield and causing cuts to the driver’s face and hands which would require medical treatment.
Pre selected car repair garage or dealer garage upgrade
Named driver or any driver upgrade
Excess insurance or insurance deductible upgrade
This depends on you and your choice but also who you feel you can trust with repairing your vehicle. Most insurance companies have a pre-selected car garage repair list in the event a customer’s car was damaged in a car accident. Some insurance companies will allow for upgrading this to have both pre-selected and dealer car 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 car 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 car repair garages, an extra fee is added to the insurance premium as the insurance company is not able to provide guarantees on the level of repair quality, it also increases risk that the automobile could have issues in the future because of lower quality repair.
This will largely depend on who is driving your vehicle 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 brands 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 insurance premium.
Example of this is if you have a car that you share with your brother. By selecting this upgrade on your insurance plan to allow for any driver, any one of your family members is able to 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 guarantee that your vehicle is protected, no matter who is behind the wheel.
This will depend on your insurer and their claim guidelines. You can visit our How to Claim page that provides a bit of insurance claim information for the most popular insurance brands 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 company and policy options so that you may find the protection suitable for you. Contact: 02 582 8836