A question about car insurance

[Bangkok Barry 9,135]

We pay around 12,000 baht to insure our pickup, but my wife informs me that when we renew the road tax we must also pay 900 for a compulsory insurance which provides basic  cover. Surely, if we already have full insurance we don't need to pay extra for additional inferior coverage?

 

Am i missing something? Or am I trying to think logically in the wrong place? 

[Kwasaki 10,634]

Yes you are not understanding the Thai system, you have to have govt CTPL as well or your voluntary private insurance would not be valid.

[PFMills 248]

1 hour ago, Bangkok Barry said:

We pay around 12,000 baht to insure our pickup, but my wife informs me that when we renew the road tax we must also pay 900 for a compulsory insurance which provides basic  cover. Surely, if we already have full insurance we don't need to pay extra for additional inferior coverage?

 

Am i missing something? Or am I trying to think logically in the wrong place? 

I think that you will find that CTPL is more like 600thb, try and get it 'thrown in' when you buy your 'First Insurance'  we usually manage to. Google CTPL for a full understanding.

Edited December 2, 2020 by PFMills

[Bangkok Barry 9,135]

10 hours ago, PFMills said:

I think that you will find that CTPL is more like 600thb, try and get it 'thrown in' when you buy your 'First Insurance'  we usually manage to. Google CTPL for a full understanding.

Thanks. But it doesn't really address if or why I would need to pay this if I already have comprehensive insurance. It's a bit like wearing two pairs of trousers when one is enough.

[Salerno 4,100]

34 minutes ago, Bangkok Barry said:

But it doesn't really address if or why I would need to pay this if I already have comprehensive insurance.

 

Because it's the law (under the Road Protection Act). This is to ensure that everyone on the road has at least minimum 3rd party cover (if they are legal of course).

 

The fact you (or anyone) are smart enough to get better coverage is irrelevant as the law currently stands.

 

[HashBrownHarry 1,770]

40 minutes ago, Bangkok Barry said:

Thanks. But it doesn't really address if or why I would need to pay this if I already have comprehensive insurance. It's a bit like wearing two pairs of trousers when one is enough.

It's not an option, it's compulsory.

[Techno Viking 1,293]

43 minutes ago, Bangkok Barry said:

Thanks. But it doesn't really address if or why I would need to pay this if I already have comprehensive insurance. It's a bit like wearing two pairs of trousers when one is enough.

 

You already have compulsory insurance, why bother obtaining the voluntary one.... seems to me you are over  insured.

[Salerno 4,100]

1 minute ago, Techno Viking said:

You already have compulsory insurance, why bother obtaining the voluntary one.... seems to me you are over  insured.

 

Not over insured at all. Anyone relying purely on CTPL is under-insured; the hints in the name of it.

[Tyler Visan 163]

4 minutes ago, Techno Viking said:

 

You already have compulsory insurance, why bother obtaining the voluntary one.... seems to me you are over  insured.

You don't half talk a load of rubbish. The compulsory insurance is basic third-party, the extra you pay for is for your own vehicle.

[1FinickyOne 7,032]

47 minutes ago, Bangkok Barry said:

Thanks. But it doesn't really address if or why I would need to pay this if I already have comprehensive insurance. It's a bit like wearing two pairs of trousers when one is enough.

It's the system here, just pay it... think of it as being subtracted from your other insurance - - if that helps... first, you must pay the compulsory insurance and then if you want additional insurance, which I highly recommend, then you purchase that... think of it as a registration fee. 

 

If you need clothing metaphors, think of it as wearing one pair of trousers and a shirt... then you might also want a hat to protect you from the sun... sunglasses and underwear are nice to have - - go for the whole wardrobe... hope that helps.

[Tyler Visan 163]

11 hours ago, PFMills said:

I think that you will find that CTPL is more like 600thb, try and get it 'thrown in' when you buy your 'First Insurance'  we usually manage to. Google CTPL for a full understanding.

How often do you buy your 'first insurance'?

[Salerno 4,100]

This illustrates the differences between levels and the type of cover you get (costs just rough, deductibles can vary it a fair bit and obviously the level of payout differs) :

 

 

Edited December 3, 2020 by Salerno

[PFMills 248]

22 minutes ago, Tyler Visan said:

How often do you buy your 'first insurance'?

Just once each year. First Class Insurance here is more commonly known as Type1 insurance... maybe you will understand if I say Comprehensive Insurance

[Tyler Visan 163]

8 minutes ago, PFMills said:

Just once each year. First Class Insurance here is more commonly known as Type1 insurance... maybe you will understand if I say Comprehensive Insurance

Sorry I misunderstood what you meant by First Insurance. I took it you meant buying it for the first time. 

[Adiudon 47]

 

37 minutes ago, Tyler Visan said:

You don't half talk a load of rubbish. The compulsory insurance is basic third-party, the extra you pay for is for your own vehicle.

The compulsory insurance is more basic than 3rd party cover, it only covers a 3rd party for injury i.e. hospital bills, no property damage is covered by this insurance, I paid 626 Baht 2 weeks ago.