How Much Is Car Insurance In Mexico?

A Mexican Insurance policy can be bought for a period of time ranging from one month to one year. This implies that there are different prices available for days, weeks, 6 months, and a year policies. The cost of each quote is determined by the length of time you want to be insured. How Much Is Car Insurance In Mexico? Each quotation comes with a daily rate; a 6-month rate, or an annual rate. It's typically less expensive to purchase daily rated insurance if you will be in Mexico for fewer than 22 days. If you expect to stay in Mexico for more than 20 days, a 6-month Mexican auto insurance policy is a smart investment. It's an affordable alternative that allows greater freedom.

The cost of car insurance in Mexico will vary based on a number of criteria. For the greatest benefits, we recommend obtaining a quotation from us since we only represent the finest insurance programs from Mexico's most financially secure companies. A yearly "Liability Only" Mexican car insurance policy costs around $142, giving you a starting point for estimating how inexpensive these Mexican insurance policies can be. The following is a list of all the vehicle policies we offer in Mexico. Policies are available for one day to 365 days.

The cost of a policy will vary depending on a few factors. For best results, you should get a quote from us as we offer only the best programs from the most financially solid Mexican insurance companies. To give you a ballpark estimate about how affordable these Mexican car insurance policies can be, a yearly "Liability Only" Mexican car insurance policy begins at just $142.

Policies are available from 1 day to 365 days. The cost of a full coverage policy depends on the ACV (Actual Cash Value) of your vehicle and how long you want coverage to last. Many Mexican insurance policies are daily in nature, but after 22 days it is usually a better choice to purchase a 6 month plan. A one year plan is 15-20% more than 6 months.

In the United States and in Canada car owners usually worry about the exposures to Bodily Injury, Property Damage and Theft in that order of priority. In Mexico, generally, it's best to worry about Theft, Partial Theft and Vandalism, Bodily Injury Fatality Limits, and Property Damage in that order of priority. Consequently, covering Physical Damage to your Vehicle and Theft coverage comprises a good portion of each policie's premium. Although rare, be advised that all Mexican insurance companies can legally assess a penalty if you undervalue your vehicle severely and get into an accident. For example, if you insure your vehicle for 50% of its value, because that's what you owe, Mexican car insurance companies can give you a penalty on any loss, because normally you are required to insure at least 80% to value.