Mexican auto insurance at Mexican Insurance Store is designed to do more than just keep you out of trouble with the law. It’s supposed to protect you financially as well. Without it, you could end up owing hundreds or even thousands of dollars, which would definitely put a damper on your south-of-the-border adventure. When buying Mexican auto insurance online, you need to take care to purchase your coverage from a reputable and reliable provider. These days, it’s fairly easy to check up on a Mexican insurance online provider; you just need to check out their ratings with certain Mexican auto insurance organizations.
The Better Business Bureau
Your first stop when checking into the reputation of a Mexican auto insurance online provider should be the Better Business Bureau. Many Mexican insurance online providers who are in good standing with the BBB proudly display that fact right on their websites. If you see a badge that notes a provider’s exceptional rating with the BBB, you should still click the link and confirm that it’s legit. Mexican auto insurance online providers who are not forthcoming with information about their BBB ratings may have something to hide. Do a little digging to see what you can discover.
A BBB rating reflects a Mexican insurance online provider’s customer service and trustworthiness. A rating from an organization like A.M. Best reflects the Mexican Insurer’s financial stability. Why does that matter? It matters because, without financial security, any Mexican auto insurance online company may not be able to pay out on its claims. You could still end up having to pay for damages out of your own pocket if you inadvertently buy a policy from a Mexican insurance oline company who has a poor rating with A.M. Best. The risk is simply too high, and it’s easy to check online to discover a Mexican insurance company rating. Many local Mexican auto insurance companies are UNRATED. Thats right, not rated independently by anyone.
Standard & Poor’s
If the insurer you’re considering doesn’t seem to have a rating from A.M. Best, you should check to see if Standard & Poor’s has provided a rating. Standard & Poor’s also rates insurance providers based on their financial stability. Some insurers have ratings from both organizations while others have only been rated by one of them. If a Mexican auto insurance company doesn’t have ratings from either organization, it could be a red flag. Pick up the phone and ask them why they don’t have such a rating. If you’re not satisfied with the answer you receive, move on to a different option.