Compulsory and voluntary car insurance
What is Compulsory Motor Insurance?
Compulsory Motor Insurance is a legal requirement in Thailand which means if you drive without it then you’re breaking the law. All motorists in Thailand have to renew their Compulsory Motor Insurance (CMI) every year before they can renew their annual car tax.
Compulsory Motor Insurance CMI is also known as Compulsory Car Insurance and Compulsory Third-Party Liability Insurance (CTPL). Don’t let the long titles put you off!
This mandatory insurance covers your third-party liability costs for any injuries or loss of life following a car accident. The sums insured are minimal. It is by no means comprehensive and doesn’t include cover for damage or loss to your own car including loss of use and other expenses. It doesn’t include property damage following a car accident either.
Voluntary car insurance and CMI.
All motorists are advised to top up their CMI with voluntary car insurance. That way you won’t be left high and dry if you’re involved in a serious accident and your CMI coverage isn’t enough to pay full costs incurred such as medical bills. Hospital expenses and doctors’ bills can easily escalate if a person is seriously injured following a road traffic accident. For peace of mind we always recommend that you purchase voluntary car insurance. There are various types of voluntary car insurance to choose from including; Type 1, Type 2+, Type 3+ and Type 3. For more details on these different types of voluntary insurance policies click here.
All road vehicles require CMI including buses, motorbikes, electric cars, hybrids, trucks and private cars. Remember if you own a car or lease a car you will need to buy CMI as a legal requirement.
Getting your CMI with EasyCompare
You can buy CMI from EasyCompare at the same time as your voluntary insurance. We strongly recommend this as it will ensure a smoother claims process. If you buy it separately you will have to organize the documentation process for your CMI claim yourself. This can mean a longer claims’ process including more work for yourself. Buying your CMI at the same time as your voluntary insurance is a much easier option. It’s quick and easy to buy and easier to make a claim.