Key Features to Look for in a Mexican Insurance Policy
If you’ve never purchased Mexican car insurance before, it’s easy to assume that one policy is like any other. In reality, Car insurance for Mexico is like regular car insurance: Different policies have different features. Some policies are really basic while others are loaded with all the bells and whistles. Most people can get by with basic Mexican insurance, but it’s often worth it especially if you have a newer vehicle to pay a little more for more extensive coverage. At any rate, you won’t know what to get without understanding the top features.
Those who are strictly concerned about paying the lowest possible price usually choose policies with really high deductibles because they have really low premiums. This seems smart on paper, but it can be disastrous in execution. After all, what if you actually end up needing to pay your deductible? You’ll have to do so in order to file a claim. If you can’t actually afford to, you’ll be in hot water. It’s much better to get a policy with a low, fixed-rate deductible and generally best to avoid policies with variable deductibles.
You just need liability coverage to obey the law in Mexico, but that doesn’t mean you should limit yourself to that kind of policy. Liability-only coverage doesn’t do a thing to help you if your car is damaged. What if it needs repairs just to become operable again? You’ll have to pay for them out of your own pocket. Prices are cheap in Mexico, but it could still end up costing a lot. It’s one risk that’s not worth it, so always get full coverage. You’ll pay a little more, but you’ll avoid a lot of headaches later.
As practical and convenient as it may sound, don’t buy Mexican auto insurance at the border. Those shacks are notorious for having long lines, and they don’t make any effort to offer decent policies. What’s even worse is that they charge really exorbitant rates. In the end, you’ll have to wait longer, pay more and probably won’t get decent coverage anyway. On the Internet, you can zero in on an affordable, high-quality policy without a lot of effort at all. In fact, you don’t have to leave home. When you get to Mexico, you’ll already be covered.
Ask about Roadside Assistance
Many online Mexican auto insurance providers throw in free extras in order to stand out from the competition. A great one to look for is roadside assistance. You can just imagine what an ordeal it would be to break down in Mexico. Even if it’s just a flat tire, being stuck on the side of the road in a foreign country is anything but fun. With roadside assistance, you can call a toll-free number for help, which will arrive quickly. This is also a lot safer than trying to get a passerby to help.