When buying Mexico insurance coverage, the last thing you should do is rush. You may be in a hurry to hit the road, but you don’t want to end up with a policy that’s low in quality. One way to speed things up is by purchasing Mexico insurance coverage online. Even if you do, you should still take your time and consider your various options. Make sure that the Mexico insurance policy you buy will protect you thoroughly in the event of an accident. You don’t want to end up owing a ton of money later.
How long will you need it?
The first thing you need to decide when buying car insurance is how long you will actually need it. Like most people, you probably have specific dates in mind. If you drive south of the border for less than a week, daily Mexico insurance policy will work. If you’ll be there for a week or two, take a look at the weekly options. You can also buy a monthly, six-month and yearly car insurance, so get quotes for them if you’ll be there for long stretches of time. You just don’t want your car insurance for Mexico to lapse while you are still down there.
What kind of deductible should you get?
It’s way better to pay a deductible than it is to pay for an entire repair bill or medical bill. When shopping for Mexico insurance coverage, you will notice that some policies have fixed deductibles while others have variable deductibles. The majority of people opt for fixed deductibles, and you probably should too. With a fixed deductible, you know how much you will owe ahead of time, so you won’t have to deal with any nasty surprises. Variable deductibles are only practical when your vehicle is extremely old and very low in value.
Is liability coverage enough?
By law, you at least have to have a liability Mexico insurance policy. It’s cheaper than full coverage, but that’s about the only thing it has going for it. You’ll pay more for full coverage, but you’ll actually be protected. Liability-only coverage won’t help if your own vehicle is damaged, so you could end up owing a ton of money in the end. It’s totally worth it to pay a little more to get full coverage. If you end up needing to have repairs made, you won’t owe a small fortune.