When you go to buy Mexican insurance, you will have to choose between two basic types of policies: policies that have variable deductibles and policies that have fixed deductibles. While Mexican insurance rates with variable deductibles looks cheaper on paper, it can actually end up costing you a lot in the long run. If you own a relatively new car, or if your car is on the pricier end of the scale, you should stick with Mexican car insurance by Mexican Insurance Store that has a fixed deductible. Learn more about Mexican insurance rates below.
Mexican Insurance and Variable Deductibles
To understand why you should stick with a fixed deductible policy, its helpful to understand what a variable deductible entails. With a variable deductible, you will be responsible for a deductible that is based on a percentage of the total value of your car. If your car is old and low in value, this would be a reasonable choice. However, it can also throw you for a loop. You could end up having to pay more out of pocket than youd planned. You won’t know precisely what your deductible is, which could pose some serious problems later.
Stick with a Fixed Deductible
When you check Mexican insurance rates with fixed deductibles, youll know precisely what you’ll have to pay right from the start. This type of policy usually comes with a higher premium, but its not usually prohibitively expensive. In fact, the difference in price may be negligible. At any rate, you need to make this decision based on the assumption that you will be involved in an accident. Crossing your fingers and hoping that youre not involved in an accident is not the way to handle this situation. You need to be realistic and buy Mexican car insurance for the best results.
Plan for the Worst
Indeed, it is always smart to plan for the worst case scenario by buying Mexican insurance. No one wants to get into an accident while down in Mexico, but the fact is that it happens to visitors every day. Driving in Mexico is no more dangerous than driving anywhere else, but theres no telling when or if an accident will occur. Besides, youre probably more likely to get into an accident because the signs are in a foreign language and youre not familiar with the area.