There are numerous differences between US, Canadian and Mexico automobile Insurance policies. Mexico practice of law dictates that only companies who are certified and allowed within Mexico can provide “liability” coverage for bodily injury or property damage you are deemed to have done to others. The Republic of Mexico has no policy that dictates insurers to be tested and ranked to evaluate finances or claims paying ability

Your US or Canadian policy may extend physical damage coverage within past the US border for a limited number of miles. (Most do not) For this reason, its a good idea to check with your US or Canadian broker or insurance company before you leave home. Car Insurance for Mexico is sold a la carte, with numerous unrated insurers limiting coverage in order to appear to reduce price, as there is no “standard” policy coverage.

It should not be surprising, that the insurance companies with the best reputation for paying claims fairly tend to be rated companies. Claims for Property Damage to 3rd parties are finalized on an “actual cash value” basis, guided by Mexico practice of law. You can check Kelly Blue Book in the US for accurate values

All claims must be placed in Mexico for insurance coverage to apply. Mexican Auto Insurance rates, coverages, limits, deductibles and claims handling vary among Mexican insurers. You should inquire as to whether Legal Assistance, Bail Bond, or Roadside Assistance for no extra cost? Are large claims processed in the US, making it easier on the insured so that you do not need to make extra visits back to Mexico to complete legal claims issues? Does your carrier allow repair your car, pick-up, RV or SUV in the US or in Canada, and not just Mexico? Are you buying a postal service paper policy from a local broker,or an electronic internet immediately verified policy?  Is the agent selling policies from un-rated insurance companies? This knowledge will assist you enormously in the regrettable event of an accident

Most Mexico Auto Insurance policies do not cover Vandalism or Partial Theft, but coverage may be included by with the better programs. Car Insurance for Mexico is offered on a “named perils” format. “Full Coverage” includes Damage to your automobile. Hundreds of US insurance brokers, gas station outlets, towing companies etc. offer policies at the border, but you should ask yourself how many agents specialize in Mexico Auto Insurance exclusively? Four or 5 ?

For knowledgeable Mexican Auto Insurance information look directly for agents who do not sell Mexico policies as a sideline, but as a specialty. You might be interested to know that many agents sell car insurance from non-rated insurance companies who then pay them larger commission? The only way they can afford to pay higher commissions is by limiting what is covered, or by reducing or trying to skimp on claims.

As the economy proceeds in a state of uncertainty, it might be most important to get good value for your money by buying a Mexican Auto Insurance policy from a financially secure insurer.

You’ll benefit by buying coverage with an experienced specialist. Remember, everybody is always pleased and believes they found a fantastic deal till they have a claim!