One of the things that affects the total amount you’ll pay for Mexican car insurance at Mexican Insurance Store.com is the amount of your deductible. The deductible is the portion of the bill that has to come out of your own pocket. If you don’t pay the deductible, your claim won’t be processed. The general rule of thumb is that the lower the deductible is, the more expensive your online Mexican insurance coverage will be. However, you also have to decide between fixed deductibles and variable deductibles. Learn more about Mexican insurance rates below.
What is a fixed deductible?
Most people prefer to have Mexican car insurance policies that have clear deductibles. In other words, they like to know how much they’re going to have to pay upon filing a claim. If you fall into that camp, you’re going to want online Mexican insurance coverage with a fixed deductible. You will know right from the start how much you’ll have to pay. If you are involved in an accident, you’ll know precisely how much you’ll owe.
What is a variable deductible?
As you may have guessed, a variable deductible is one that varies depending on a few things. The main thing that affects the amount of the deductible that you’ll owe is the value of your car. You won’t have a clear idea about how much you’ll have to pay until you go to file your claim. You may be in for an unpleasant surprise. The main reason people opt for variable deductibles is because they usually result in lower premiums. Online Mexican insurance coverage is cheap to begin with though, so why not just choose a policy that has a fixed deductible?
Owe a reasonable amount in the event of an accident
Like most people, you should be able to enjoy your vacation in Mexico without getting into an accident at all. If you are involved in one, though, your Mexican car insurance will make it so you only have to pay a small amount. It will be a lot cheaper than having to pay for the other driver’s medical bills and repair bills. With that in mind, make sure to check Mexican insurance rates before heading south of the border.