Many people are familiar with the names of car insurance categorized by levels, such as Level 1, 2, and 2+. However, few pay attention to what each level actually covers. Most only consider this when it's time to purchase annual car insurance. To help you make an informed decision, let's take a look at what each level of insurance offers and what it covers.


Level 1 Car Insurance
This is the most comprehensive insurance, covering accidents from collisions, whether between vehicles or with other objects. Additionally, Level 1 insurance covers damages from natural disasters, floods, hailstorms, fires, earthquakes, theft, and even terrorism. This insurance is suitable for new cars and novice drivers who may not have much experience. When buying a new car, Level 1 insurance is often included, and naturally, the cost for the most extensive coverage is also the highest.

 

  
Level 2+ Car Insurance
This level is slightly less comprehensive than Level 1, as it only allows claims when there is a liable party or if you know the license plate of the other vehicle. It covers only vehicle-to-vehicle collisions. If you are hit and the other party flees without providing their license plate, you cannot make a claim. Level 2+ insurance also covers other incidents such as theft, fire, and natural disasters, except for terrorism, which is only covered by certain companies in Thailand. The coverage is somewhat reduced, but the premium is significantly lower. Insurance salespeople often recommend this type of insurance for cars older than three years, where the driver is more experienced and regularly drives the same routes.


Level 3+ Car Insurance
This insurance provides additional coverage compared to Level 3, allowing claims for accidents involving another party (vehicle-to-vehicle collisions), where the insurance company will cover both your vehicle and the other party's. Similar to Level 2+, you must prove the identity of the other party. However, it does not cover theft, fire, or natural disasters. The advantage of Level 3 insurance is that it is affordable, typically ranging from 4,000 to 5,000 baht, making it suitable for vehicles that are used less frequently and have a lower risk of accidents, often older cars driven by skilled drivers.


Level 3 Car Insurance
Level 3 insurance only covers the other party's vehicle in the event of an accident. If you collide with someone else, you must repair your own vehicle, but you must be able to provide the license plate number of the other party. Level 3 insurance offers no additional coverage, so the premium is low in line with the limited protection it provides. This type of insurance is suitable for vehicles that rarely go on the road and are mostly parked at home.

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