What is Mexican Car Insurance, and Why Do You Need It?
Why do you need car insurance in Mexico?
Mexico does not recognize american english car insurance policies. If you get into an accident anywhere in Mexico, you will not be able to use your car indemnity to cover the damages. As a result, Mexican authorities may arrest you and impound your cable car until the count can be settled .
Without a proper means to pay for damages, the procedure may take a while. Remember, besides, this discussion may all be happening in spanish. Getting into an accident is already enough to disturb your vacation. Do n’t let it ruin your change of location plans by having an insurance mishap. The risk and consequences are besides big to not purchase a policy before you go to Mexico. fortunately, it is easy and relatively cheap to get your own mexican car policy policy .
How do you buy Mexican auto insurance?
The best way to buy Mexican car policy is the like as regular car insurance ; you can purchase coverage on-line through a believe car indemnity company.
large insurers like AAA, Progressive and Geico have partnerships with Mexican insurance companies that specialize in international car policy policies. There is besides the option to purchase it at the border, but normally the monetary value of those policies is respective times more expensive. overall, a mexican car insurance policy international relations and security network ’ t all excessively different from an american one, either. The company will ask for :
- The type of car you drive
- The value of your car
- What limits you want
- How long you are in Mexico
- Where you are driving in Mexico
- If any driver is under 21
- If you are towing anything
In contrast to American policy, you won ’ t need to provide much information about your driving record before you purchase Mexico car indemnity. Coverage consists of a lump-sum liability limit, some kind of first-party checkup insurance benefits and uninsured motorist policy. The best mexican car insurance policies may besides have the option to add other endorsements, such as rental car policy, roadside aid and even coverage to pay for plane tickets should something happen to your car .
Lump-sum liability is the equivalent to combining bodily injury and property wrong liability policy in the U.S. Rather than having two separate capped values, which are further divided into a “ per accident, ” and “ per person ” basis, the lump union can be allocated for a much is needed in a property or bodily claim .
Car insurance requirements for driving in Mexico
You need to carry mexican car policy to drive legally in the nation, as liability coverage is compulsory. If you ‘re involved in an accident while driving in Mexico, the maximum amount you may have to pay out if another party is injured or killed in an accident varies depending on where you drive. consequently, you should check the laws of the Mexican state you will be driving in, as it impacts the come of car insurance you ‘ll need in Mexico .
It is broadly recommended, based on Mexican laws for possible payouts for bodily injury or fatality, that drivers get a minimum of about $ 300,000 worth of third-party liability damage coverage. That may be more than your limits at home, but it is considered well worth it. If you do not carry collision or comprehensive coverage on your current american policy, you will be ineligible for it in your mexican indemnity policy .
How much does Mexican car insurance cost?
Policies by and large come in packages that are priced daily, semi-annually or annually. A daily package may end up costing merely arsenic much as a six-month package, however, depending on the duration of your stay. overall though, the cost of a policy is not excessively expensive compared to American insurance. The mexican cable car indemnity quotes below reflect the price of a policy for a car worth $ 15,000, that has optional wide coverage ( including $ 300,000 worth of liability coverage ) .
Read more: The 7 Best Car Insurance Companies (2022)
|Grupo Nacional Provincial||$215||$371||$426|
These three companies are the ones referred from AAA, Progressive and Geico, but each insurance company underwrites the mexican car indemnity policies themselves .
How do you file a claim?
If on your road slip in Mexico, down from Texas or Arizona, you get into an accident, the person companies in the postpone above will handle the claims. It should be clear that while Progressive and Geico may direct you to these policies, they are not your insurance company. If you need aid with your mexican car policy policy, Geico and Progressive are partnered with MexPro and International Insurance Co., who will provide any extra serve .
once you purchase your policy on-line or through an agent, you will get a series of numbers you can call to file a claim in the consequence of an accident. The company will then send an adjuster to the fit to assess the damage. You must besides file a patrol report .
MexPro says to ensure a smooth process, it ’ s most important that you comply with the indemnity company every footstep of the direction and get them the forms and paperwork they need. MexPro does say, however, that if you feel like your discussion is not adequate, they may be able to step in and aid .
Mexico car rental insurance
If you travel to Mexico and then rent a car, or you drive a rental cable car to Mexico, you will still need policy. Renting a cable car in Mexico is about the same as renting a car in the U.S., except in Mexico, the same policy laws apply to rentals as they would to a cable car you owned .
Most major car rental services operate in Mexico, including Hertz, Enterprise, Avis and Alamo, to name a few. All of these companies provide their own Mexican rental car policy policies for their vehicles. You must buy at least the liability assign of that indemnity to satisfy Mexican jurisprudence .
We recommend that you besides buy the collision wrong release ( CDW ), the helping that covers the cost of larceny or physical damage to the car while you travel. Any damage you cause to the cable car, including if it is stolen, will fall on your lick to pay if you do not purchase the coverage. Inability to pay for price may cause you to be detained in Mexico.
Another option for purchasing Mexican lease car insurance is through your credit tease. many citation cards, specially those tailored for travel, provide car insurance coverage for rentals in the U.S. and most alien countries, including Mexico. You should check with your citation card company or read the terms and conditions of the card to find out what is covered first, though. The Chase Sapphire Preferred® Card, for exercise, will only provide you with the CDW, but not the indebtedness policy for your rental car .
Mexico motorcycle insurance
If you ‘re riding a motorcycle in Mexico, you can similarly purchase indemnity on-line or through a party that offers international motorcycle indemnity. Most policies offer indebtedness indemnity, but we recommend that you look for a Mexico motorbike insurance policy that besides offers coverage for physical damage to your motorcycle and larceny. A full-coverage policy will cost more, and be harder to find, but it can well be worth the investing if anything happens to your motorcycle while traveling .
precisely notice that a mexican motorbike insurance policy normally wo n’t include first-party medical insurance, so you may need to purchase this individually through a travel health insurance policy .
Category : car insurance questions