When you drive your car to Mexico, locomotion with complete peace of heed, by being by rights insured .
Your U.S. or canadian indemnity policy, however comprehensive, won ’ metric ton cover you in Mexico, but low-cost indemnity policies valid in Mexico are available…

Insuring Your Car in Mexico

Although your U.S./Canadian car insurance policy may be comprehensive, and might besides extend some limited wrong coverage in Mexico, you will still need to purchase policy that is legally valid in Mexico .
U.S. and canadian car insurance policies, however comprehensive, hold no legal jurisdiction in Mexico. This means that you must buy discriminate policy cover for your car while you ’ rhenium drive in Mexico if you want to travel with dispatch peace of mind.

If you are driving your car improperly insured in Mexico and you become involved in an accident it will, at best, cost you a draw of money and, at worst, leave you imprisoned in a mexican imprison sign of the zodiac. Presenting a U.S. or canadian car indemnity policy will be of no use because these documents have no legal or actual wedge in Mexico, and the companies backing them will not settle any claim arising when you or your car are situated south of the edge .
Drivers who are involved in unplayful accidents in Mexico are normally arrested pending investigation. You can read more details about the procedures following a good accident on our Guide to Driving in Mexico. If you are not by rights insured in Mexico and become involved in a good accident— even if it’s not your fault —these procedures will probably place a capital distribute of stress and fiscal burden upon you .
This guide explains how insurance works in Mexico and how to go about buying the extra indemnity protection you need to ensure that you, your passengers, and your fomite are by rights insured when driving on Mexican dirty and that, in the event of a serious accident, you are properly covered by a legally-valid and adequate insurance policy .

Mexican Auto Insurance

mexican Law stipulates that only indemnity companies which are licensed in Mexico can provide the type of car policy coverage that is recognized and accepted by Mexico ’ s legal arrangement .
A few U.S.-based indemnity companies will extend physical price coverage on cars and RVs while they are situated in Mexico, but they can not and do not provide Mexican indebtedness indemnity. therefore, although these policies may cover your damage, they will not cover your liability to others in Mexico. This is why a special policy policy is absolutely necessary to be by rights insured in Mexico .
important note : When you take your fomite to Mexico, you need to keep adequate indemnity coverage in target to maintain the vehicle ’ south legal registration in your home country. See US/CDN Auto Insurance While Driving in Mexico for details about this prerequisite .

Mexican Insurance Companies

mexican Law besides stipulates that liability policy must be purchased from a accredited Mexican ship’s company, so your car indemnity policy necessarily needs to be issued by one of Mexico ’ s insurance companies, or through a broker in the U.S./Canada sour in conjunction with a mexican policy company .

Who’s Insuring You?

Buyers purchasing indemnity for their car in Mexico are frequently times misled by believing that they can rely on the agent, preferably than the mexican Insurance Company, to properly handle any call that may arise during their arrest in Mexico .
The insurance company underwriting your policy is much more authoritative than the Broker that sells you the policy .
As all indemnity policies are sold through brokers, it ’ south crucial to know which indemnity caller ( or companies ) are underwriting the policies being sold to you by the agent .
With the late convulsion in fiscal markets, it is more important than ever to purchase Mexico car indemnity from a financially-strong insurance company. No count how reputable or well-intentioned an agent or policy broke may be, if they place your insurance with a perturb insurance company you could experience some unpleasant surprises in the event you make a claim .
policy from a more stable and financially-strong indemnity company may cost more, but the extra premium represents a lower hazard to you in the event of title .
There exists over fifty policy companies in Mexico. As is the case with policy companies worldwide, it is clean to say that some are in good human body, and some are in poorer determine .
Protect yourself and your investment by asking the broke “ who underwrites your policies ? ”, and make certain that the insurance companies being used to underwrite your policy have a potent, stable, traverse record .

Choosing an Insurance Broker

When you choose a broker, choose one that is by rights licensed, and one that has the customer service infrastructure needed to by rights take care of your claim and needs while you ’ re away in Mexico. however, it is the mexican Insurance Company that ultimately pays any claim arising from your travel .
Some U.S. insurers have purchased an ownership-interest in Mexican Insurance Companies in recent times ; however, these companies operate quite independently of the U.S. parents .
Ask your policy agent about the size and fiscal military capability of the Mexican insurance companies they work with because in the event of further economic turbulence and/or the devaluation of the Mexican dominican peso, combined with a few natural disasters or other unanticipated events, how will the insurance company underwriting your policy header ?
AM Best is a U.S.-based ratings means that provides an annual rate for Mexican insurance companies. not all mexican indemnity companies are rated by AM Best and of those that are, few have a “ A or better ” denounce ; defining the company ’ second gamble profile as “ Good or Excellent ”.

Mexperience ’ randomness associate party, which offers car policy for Mexico, only works with companies that have an “ A or better ” AMB evaluation .
Some mexican indemnity companies do have a U.S.-rating, but the fink may be median or under modal. Again, these insurers may sell lower-priced policies into the commercialize, but those buying them do carry ( wittingly or unwittingly ) a higher hazard in the event a claim is made .
The populace ’ s top insurers are well-represented in Mexico, and these offer a range of products for domestic car users ( people with Mexican-plated cars ) a good as those crossing the border with foreign-plated cars and other vehicles .
Like the U.S., indemnity companies come in different types and sizes and many of them are rated by U.S.-based finance-rating agencies. These ratings indicate the integrity and solidity of the insurance company : that is, the company underwriting any claims which may be brought against it when people buying insurance policies make a claim .

What to Look for in a Mexican Auto Insurance Policy

Regardless of who you buy from, you should check that your car insurance policy includes these vitally-important elements :

Financially-Sound Insurance Company

Make certain that the indemnity ship’s company underwriting your policy is financially-sound. Policies from lesser insurance companies may cost less, but that lower premium translates into a de facto higher-risk for the policy holders. Don ’ thymine just denounce around for the cheapest policy— study who ’ s insuring you .

Fully Licensed Broker, Good Infrastructure

As all indemnity policies are sold through brokers, ensure that the agent you engage with is fully licensed and that they offer full moon foil of the policies they offer. You should be able to check online the “ belittled print ” of any policy BEFORE you are asked to buy .
beneficial infrastructure means that the broker has excellent customer services facilities, makes good practice of engineering so that you can purchase your policy efficiently, and that the policy offers aid and accompaniment services when you are in Mexico, in accession to the indemnity coverage .

Cover for Personal Liability, Legal Counsel and Bail-Bond

When you ’ re in Mexico, your car indemnity policy must cover your personal liability, deoxyadenosine monophosphate well as your legal rede and provide a “ bail adhesiveness ” element. As you ’ ll read in our Guide to Driving in Mexico, if you are involved in a serious accident where the patrol are involved, you WILL be detained and detained until blasted is assessed. If this work is protracted, the bail-bond may get you released pending inquiries .

Local Support, When You Need it Most

Your agent and their indemnity company should provide local support services in Mexico indeed that in the event of a call, you are able to call for help, be attended by an english-speaking serve agents who will be able to handle your call efficiently and dispatch the aid and support you need. In Mexico, this is most much an insurance Assessor, see our Guide to Driving in Mexico for more details about this .

Making an Insurance Claim in Mexico

Your policy software documentation should be absolutely clean about the procedure you need to undertake in the event of an accident and any subsequent claims. hera is a compendious of the most crucial points, which are relevant to most mexican car indemnity policies :

Make the Claim in Mexico

Some people wait until they get back to the U.S.A or Canada before making a claim, specially if it ’ south for something relatively minor, body-work or a hit-and-run incident in a park draw. It is very important to note that most indemnity policies require you to make a title while you are in Mexico and most will not process your call if you wait until you return family, except under the most exceeding of circumstances .

Calling the Insurance Company’s Help Line

The first visit you make should be to the insurance company ’ s Help Line. In addition to registering your call, they will be able to dispatch an policy Assessor to the scenery of the accident, deoxyadenosine monophosphate well as make arrangements for lawyers or other services to be put in place for you, in the event of a more good accident .

Paperwork and Reimbursement

You may be asked to produce a police reputation american samoa well as other relevant software documentation as part of the claim operation. In some cases, for exemplar, for immediate repairs to get your vehicle back on the road, you may need to pay these out-of-pocket and get reimbursed when you return home. Your indemnity policy will be specific about what to do in these circumstances. In all cases, remember that you should lodge your call in Mexico ; don ’ deoxythymidine monophosphate expect until you get back dwelling .

Buying Mexico Car Insurance Online
Mexperience is pleased to introduce our readers to MexPro, a leading US-based broke specializing in Mexico Auto Insurance
When you buy using MexPro, you get :

  • Competitively-priced car insurance policies
  • Policies backed only by “A or better” rated Mexican insurance companies
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  • Policies that include a comprehensive suite of coverage services including personal liability, legal counsel and bail-bond
  • First-class customer service and claims after-care facilities
  • Full transparency about policy types and wording before you buy
  • The peace of mind knowing that you are engaging with an experienced broker that sells over 100,000 Mexico auto insurance policies every year

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