You shouldnt have to dig through reams of information in order to make sense of the Mexican insurance policy that you are looking to buy. One thing that often trips people up when buying Mexican insurance auto is the deductible. Deductibles are often misunderstood by those who are buying insurance. By the time they make sense of the situation, it is often too late. In order to avoid some unpleasant surprises, you should educate yourself about Mexico insurance auto from Mexican Insurance Store and the deductibles that go along with it. You have a few different options; learn more about them below.
When it comes to Mexican insurance, a variable deductible refers to one that varies depending on a few different things. The value of your vehicle is the main determining factor. Therefore, a variable deductible makes the most sense in the case of an older, less valuable vehicle. In most cases, your deductible will be equal to a certain percentage of the total value of your vehicle. There will also be a minimum, so dont assume that you can drive a modest car into Mexico and get away with a $50 deductible. If your car isnt all that valuable though, a variable deductible can save you money.
If your car is fairly new and valuable, a variable deductible could end up costing you. While the Mexican insurance auto rate will be lower, you could end up owing a lot of money out of pocket. It is a risky proposition. It is much wiser to go ahead and get the fixed deductible policy. You will know beforehand precisely how much you will be responsible for in the event of a claim. You won’t have to worry about any unpleasant surprises. This is the best option for more expensive vehicles.
Making the Decision
There’s one more thing that you should take into consideration when choosing between fixed and variable deductibles for Mexico insurance auto: predictability. Are you the kind of person that likes to know just how much you are going to have to pay? If so, a variable deductible is probably not a great idea. You may have to pay more for a fixed deductible policy, but it will be money well spent. It will keep you from biting your fingernails throughout your trip to Mexico, and that is sure to be absolutely priceless. Mexican insurance and understanding deductibles!
Avoid opening the hood up until your car is cool enough with the adjusted temperature from warm to cool. Then pull your car to a safe area so you can put off your engine. Wait further until the engine has cooled.