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Motorbike insurance for 250cc+

All the things you need to know about motorbike insurance for 250cc+ bikes in Thailand.

Insurance for 250cc+ Motorbikes

250cc+ motorbikes are big, powerful machines, and they’re the most expensive to insure based on their engine size alone.

Although expensive, insuring your 250cc+ motorbike is very important. Below, we’ll talk about the benefits, the type of motorbike insurance you should choose, and how to get cheaper rates for your insurance.

Key Points

  • Although expensive, insuring your 250cc+ motorbike is very important.
  • It is a legal requirement to have motorbike insurance if you own and ride a motorbike in Thailand, regardless of the size of your bike.
  • There are some things you can do to lower your premiums such as no claims bonus, get trained, safety and security equipment, parking, mileage, cover, and special policies.

Why Is It Important to Have Insurance for 250cc+ Motorbikes?

One of the main reasons you should have 250cc+ motorbike insurance is that it’s illegal to ride without one. Yes, it is a legal requirement to have motorbike insurance if you own and ride a motorbike in Thailand, regardless of the size of your bike. In addition, a proper motorbike insurance policy for your 250cc+ motorbike can also provide numerous advantages. These include:

Free Yourself From Financial Stress
If your bike is damaged or stolen, you don’t have to worry about the costs incurred in repairing or replacing it. The insurance company will take care of the expenses for you.

Have Legal Protection
Having a motorbike insurance policy for your 250cc+ bike means that you are legally protected should you are faced with a lawsuit due to an accident.

Protect Yourself Against Accidents
Riding a big bike is fun, but we can’t deny that road accident involving motorbikes in Thailand are not high. With some types of motorbike insurance, you will be covered if you suffer a total permanent disability due to an accident. If you pass away, your family will receive the sum assured from your insurer.

What Type of Motorbike Insurance Are Available For 250cc+ Motorbikes?

Below are the three main types of motorbike insurance in Thailand available for 250cc+ motorbikes.

Type 1 motorbike insurance
Type 1 motorbike insurance offers the highest level of coverage which protects you from damage to both your motorbike and other people. It may include personal accident coverage, medical treatment coverage, death and property for third-party coverage, bail bond coverage, and coverage for your bike.

Type 2 motorbike insurance
Type 2 motorbike insurance is the middle stage. It protects you and others in the event of an accident, as well as your motorbike if it is stolen or destroyed by fire. However, it is not as comprehensive as type 1 motorbike insurance.

Type 3 motorbike insurance
This is the most basic level of coverage, providing you with the bare minimum of coverage required by law. As a consequence, third-party insurance protects all people involved in an accident but not your own motorbike. Surprisingly, third-party insurance is not always the most affordable alternative.

Always compare different offers from different insurance providers to see which one is better for your needs and budget.

How to Choose the Right Type of Insurance for 250cc+ Motorbikes?

The suitability of the policy should have the most effect on your motorbike insurance. You must ensure that anything you need is protected, after which it is up to you to determine what else is relevant. Here are some factors you can consider before buying insurance for 250cc+ motorbikes:

  • Level of cover – As mentioned, Type 1, Type 2, and Type 3 are the three types of motorbike insurance available in Thailand that offer different coverages for every motorbike. In Thailand, Type 1 motorbike insurance mostly covers 250cc+ motorbikes. It is the best choice if you have 250cc+ or bigger motorbikes as it offers the most protection.
  • The excess – When you file a claim on your insurance, you must pay a compulsory excess fee. The insurer sets this, and it is non-negotiable, but there is still a voluntary excess fee. This must be decided upon with the insurance provider. This means you’re paying to help fund a portion of your claim, and the more you agree to pay, the cheaper your premium would be. The lower your voluntary excess, on the other hand, the higher your premium. Instead of choosing the lowest monthly insurance premium, you can choose a voluntary excess that you can afford.
  • The policy details – It’s important that you read the policy’s terms and conditions to ensure that all of your requirements are covered. If you don’t, you may not be covered for what you need when it comes time to make a claim, even after paying a large sum of money.

our insurance premium may be reduced if you have safety and security equipment installed to your 250cc+ motorbike.

How to Apply for 250cc+ Motorbike Insurance?

Purchasing insurance is easy and simple for your 250cc+ motorbike. Here’s what you need to do:

  • Apply online or speak with a customer service representative.
  • A copy of your passport or Thai driver’s license must be submitted.
  • Attach a copy of your green book, registration, or deed of sale to your application.
  • Pay the premium invoice.
  • You are now covered. Within 7-14 days, the original documents of the motorbike insurance policy will be mailed to your address (if you applied online).

How to Get Cheap Motorbike Insurance for 250cc+ Bikes?

You can do some things to lower your premiums before asking for an insurance quotation from an insurance company.

  • No claims bonus – One of the most popular ways to minimize the expense of your motorbike insurance policy is to earn a no claims bonus and discount. You don’t make a claim on your insurance policy to keep your no claims bonus and discount but take note that you can’t get a no-claims bonus and discount if you’ve never had insurance before.
  • Get trained – When you have just completed your Compulsory Basic Training, your premiums will never be more costly. Many insurers will lower insurance rates if the rider has completed advanced rider training.
  • Safety & security equipment – Your insurance premium may be reduced if you have a strong alarm, immobiliser, and protective devices such as ground anchors.
  • Parking – If you can park your motorbike in a garage, on a driveway, or in a private parking lot, do so because it will save you money on your insurance policy.
  • Mileage – Be accurate as possible when it comes to the miles you cover, but never cheat on your insurance policy because you won’t be covered if you lie about your situation.
  • Cover – Type 1 motorbike insurance provides far more protection than Type 3 insurance, while Type 2 motorbike insurance provides slightly less protection than Type 1. So you better choose which one will cover all your needs.
  • Special policies – Look for exclusive plans, such as temporary insurance if available or other discounts. A short-term or temporary insurance policy can be useful if you only travel once or twice a year.

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