What Are Your Expat Car Insurance Options In Thailand?

You have two options when it comes to car insurance in Thailand. These include Compulsory Third-Party Liability Insurance and Private Insurance. All cars and motorcycles registered in Thailand are required to have Compulsory Third-Party Liability Insurance, which is more commonly known as Por Ror Bor.

Compulsory Third-Party Car Insurance (CTPL)
Also known as Por Ror Bor, CTPL is a type of insurance mandated by law for all vehicles in Thailand. It only provides basic coverage on injury and death caused by accident. You also need to renew it annually through the Department of Land Transportation, car insurance companies, or a third-party agent. It is normally bought in conjunction with the payment of an annual car tax.

Private Car Insurance
Private car insurance is much more flexible than CTPL, and it provides more coverage. Even the most basic policy includes coverage for third-party property. There are five types of private car insurance in Thailand, categorized using the numbers 1, 2+, 2, 3+, and 3.

Accidents, theft, and third-party property damage are all covered by Type 1 insurance, which is the most expensive. In contrast, type 3 insurance is the most affordable option, but it provides the least coverage.

Electric Vehicle Insurance

Electric car insurance is a specific product designed to protect electric vehicles. Specifically, this insurance product is a voluntary motor insurance policy, purchased to increase the coverage from the compulsory insurance.

EV car insurance is different from normal car insurance. The product covers electric car battery and electrical systems including electric wall charger. Therefore, the insurance premiums and conditions are different from normal car insurance. The electric car insurance is designed for your confidence and safety while driving.

This insurance product protects you from financial risk and unexpected events which might occur on the road.

Electric car insurance in Thailand is different from car insurance in many aspects, as it is a specific product designed together by the insurance companies and the Office of Insurance Commission. EV insurance provides coverage for damages to the EV battery and wall charger.

The information required, the insurance premium and claim process are also different from regular car insurance.

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