Class 1 RY.18 insurance for Grab/Bolt ride-hailing cars, from THB 26,857 per year
- Updated: 15 October 2026
Class 1 RY.18 insurance for Grab/Bolt ride-hailing cars, from THB 26,857 per year
Premium data as of 29 September 2026 · compiled by Prakanthai.com
Underwritten by Bangkok Insurance Public Company Limited
Premiums from THB 26,857–41,896.92 per year, depending on the sum insured and vehicle group
Highlight: Class 1 cover for the car itself, for cars used to carry passengers directly through an app
You have been driving for Grab or Bolt for a while and only just found out that your private car insurance may not cover you when you have a passenger on board. If something happens while you are working, who pays for the repairs to your car and the passenger's medical treatment?
This Grab Class 1 insurance is made specifically for cars with RY.18 plates that work for hire through apps. It covers the car, third parties and passengers, but there are conditions on car age, repairs and the excess that you should check first.
Grab Class 1 insurance: who is it for and how much does it cost?
In short: Bangkok Insurance's Grab Class 1 insurance suits drivers of saloon cars with RY.18 plates, up to 9 years old, who work for hire through the Grab or Bolt app. It covers the car itself under Class 1 with garage repair, plus third parties and passengers. Premiums start at THB 26,857 per year (sum insured up to THB 399,999, as of 29 September 2026, excluding tax, stamp duty and CMI). The actual premium depends on the sum insured, vehicle group, car model and car age.
What does Class 1 insurance for RY.18 cover?
| Coverage | Limit | Conditions |
|---|---|---|
| Car (Class 1) | Up to the sum insured, maximum THB 1,999,999 | Garage repair only |
| Third-party bodily injury or death | THB 500,000 per person Up to THB 20,000,000 per accident in total | – |
| Third-party property | THB 1,000,000 per accident | – |
| Personal accident, passengers | THB 50,000 | – |
| Medical expenses | THB 50,000 | In addition to your CMI entitlements |
| Driver bail bond (criminal cases) | THB 250,000 | – |
Roughly how much is the Grab Class 1 premium?
Starting premiums per year, not including tax, stamp duty and CMI (as of 29 September 2026), in 2 options by the car's country of origin
| Vehicle sum insured | Japanese cars From (THB per year) |
European / Chinese cars From (THB per year) |
|---|---|---|
| Up to THB 399,999 | 26,857 | 26,857 |
| THB 400,000–499,999 | 27,931.28 | 29,005.56 |
| THB 500,000–599,999 | 30,079.84 | 31,154.12 |
| THB 600,000–699,999 | 32,228.40 | 33,302.68 |
| THB 700,000–799,999 | 34,376.96 | 35,451.24 |
| THB 800,000–899,999 | 36,525.52 | 37,599.80 |
| THB 900,000–999,999 | 38,674.08 | 39,748.36 |
| THB 1,000,000–1,999,999 | 40,822.64 | 41,896.92 |
Every figure is a starting premium · The insurer decides the vehicle group and the sums insured it accepts. The actual premium depends on the sum insured, vehicle group, car model and car age. The amount you actually pay is the one on your quote.
A worked example to illustrate
Japanese vs Chinese cars with the same sum insured: how big is the difference?
With a sum insured of THB 550,000, a Japanese car starts at THB 30,079.84 and a Chinese car at THB 31,154.12
31,154.12 − 30,079.84 = a difference of THB 1,074.28 per year
Who is Class 1 RY.18 insurance for?
- Drivers of saloon cars with RY.18 plates who drive for Grab or Bolt, as a main or a side job
- Cars up to 9 years old that still have enough value to justify Class 1 cover for the car itself
- People who run many jobs a day, with a higher risk of an incident than a private car
- People who accept garage repair to keep the premium within budget
Who should not buy this plan yet?
Cars over 9 years old
This plan does not accept them. Look at Class 3 insurance for RY.18 for Grab/Bolt instead.
Electric vehicles (EV)
This plan does not accept EV cars
People who want dealer repair
This plan is garage repair only
Cars not yet registered as RY.18
This plan accepts only cars with RY.18 plates that are used for hire through apps
Cars not in saloon groups 3–5
The insurer decides the vehicle group. Send us the car model to check first.
What limitations should you check before deciding?
1) Excess (deductible) of THB 3,000 per accident
Applies to every sum insured range
2) Garage repair only
This plan has no dealer repair option
3) Premiums do not include tax, stamp duty or CMI
The total you actually pay will be higher than the figures in the table. Check the final amount on your quote before paying.
4) The car must be used in line with the type you declare
This plan uses vehicle use code 730, car for hire via an electronic system
Want to know the actual premium for your car? What do you need to send?
Send just 2 things
- A photo of the registration book's front page (RY.18)
- The front page of your current policy
Our team will send a written quote back within a business day, showing the premium incl. tax and duty, the excess (deductible), and compulsory motor insurance (CMI) if you want it at the same time. We will tell you straight which plan is good value, and explain any differences in conditions before you pay.
LINE Official: @prakanthai · Tel. +66 2 459 2223
Frequently asked questions
Can I use my private car insurance to drive for Grab?
No. Private-use car insurance (code 110) does not cover carrying passengers for hire. A car that works through an app should take out an RY.18 plan with code 730.
What is code 730?
It is the vehicle use code in the policy for a car for hire via an electronic system, which matches cars registered as RY.18.
If a passenger is injured, what does the insurance pay?
On top of the entitlements under CMI, this plan has medical expenses of THB 50,000 and personal accident cover of THB 50,000, subject to the policy conditions.
Can a Chinese or European car be insured?
Yes. Use premium option 2, which is slightly higher than for Japanese cars from a sum insured of THB 400,000 upwards. The insurer decides the vehicle group and the sums insured it accepts.
Can I get compulsory motor insurance (CMI) at the same time?
Yes. Mention it when you ask for a quote. If you want to check that the cover dates line up with your tax renewal first, read New CMI rules from 1 September 2026: match your cover dates to your vehicle tax
Who approves claims: Prakanthai.com or Bangkok Insurance?
Underwriting and claim payments are decided by Bangkok Insurance. As the broker, Prakanthai.com helps coordinate and follows up for you.
Notes
The coverage and premium information on this page is based on the product information of Bangkok Insurance Public Company Limited as at 29 September 2026. It is general information and not part of the insurance contract. Premiums and conditions may change as announced by the insurer. Underwriting and claim payments are decided by the insurer. Prakanthai.com is a non-life insurance broker, not an insurer, licence no. 5104000004, providing services since 2004. Please read the policy and the quote in full before deciding.
Price: on request
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