If in Mexico and you drive a Canadian or US registered RV or car, then there is a need to buy car insurance in Mexico. Mexican authorities do not recognize either United States or Canadian car insurance. If you don’t carry Mexican liability insurance, then you will be prohibited from leaving Mexico, even if you need life saving medical treatment or you can be imprisoned, until the involved parties attain satisfied recompense.
The Mexican liability coverage demonstrates confirmation that you will pay for possible damages or injuries occurred due to your fault.
This is the reason why it is strongly suggested to purchase Mexico auto insurance prior crossing the border and entering Mexico in your vehicle. Canadian or US policy does not cover physical damage or theft to your car in Mexico. So, it is wise to have a full coverage for protecting your own car.
Can you Trust Mexican Insurer?
Online reviews reveal how Mexico insurance agencies are tarnished for being unreliable, during accidents and not paying claims, but vanishing. Therefore, people are concerned about this sketchy prospect of Mexican insurers. The fact is that people fueling these claims may have purchased Mexican auto insurance from random companies without checking their background.
What are the Signs of Good Mexican Insurance Company?
Just like BBB accreditation is provided in the US, grades are given to those insurance companies with capability, history, and reputation to pay claims along with financial solvency.
Accreditation from third party ensures that the business is committed to comply and resolve consumer’s complaints.
You can check Google reviews and Trip Advisor reviews for making an informed decision about the credibility of potential Mexican insurer.
Things to Consider in a Good Mexican Auto Insurance Company
A- rated companies (are financially secure)
Easy to understand and use quote forms
Buy policy fast
Secure online transactions
Ability to add variety of coverage options like towed items, travel trailer, boat, emergency evacuation, theft, etc.
Compare coverage options and prices
Spanish/English speaking representatives for customer support and adjusters in event of claim
Insurance information is made available to the Mexican authorities online
Provides assistance in case there is an issue with your claim
If necessary, then instant legal assistance from the insurer in Mexico, after an accident
What Kind of Coverage Will you Need?
Minimum liability coverage is required to avoid violation of Mexican Insurance laws. In case of accident, this liability coverage can be paid for –
Injuries to third party and the passengers
Damages caused to involved party’s property
Temporary Mexican auto insurance also covers –
Legal & bond assistance
A Mexican auto insurance plan includes same general categories applied in the U.S. Thus, you can invest in more liability for extra protection like comprehensive and collision coverage. To know more visit www.mexicaninsurance.com.
However, ensure to look for financially-sound Mexican insurer for underwriting your policy. Avoid cheap insurers, because they can hold high risk for policy holders, so rather than looking for cheap deals, it is sensible to consider who is insuring you.