Are you planning to drive into Mexico sometime soon? Make sure you get good car insurance along with making all the other preparations for your road trip. This is because Baja Bound's FAQ says US and Canadian insurance is not considered proof of financial responsibility under Mexican law, and you will need a special type of Mexican Auto insurance to serve as your safety blanket as you travel across this mesmerizing country.
Here is a brief guide on Mexican car insurance to help you choose the best policy that will suit your needs.
Why Do You Need Car Insurance In Mexico?
Anyone who has been driving for a while or has ever taken a road trip will know the significance of having secure auto insurance. It comes in handy when you get into an accident or cause damage to property. You need a backup plan to take care of any related medical expenses and travel assistance.
Baja Bound's auto policies include legal assistance and a bail bond (Baja Bound).
So there is no question as to why you need car insurance. The real question is why you would need specific Mexican car insurance while traveling in Mexico. This is because Baja Bound's FAQ says a US or Canadian policy is not considered proof of financial responsibility under Mexican law, and Mexican federal law requires insurance on federal roads.
The legal requirement for driving a car in Mexico is:
- Mexican federal law requires every vehicle on a federal highway, road or bridge to carry third-party liability coverage, and sets a fine for driving federal roads and bridges without it (Ley de Caminos, Puentes y Autotransporte Federal, art. 63 Bis and 74 Bis).
How To Get Mexican Car Insurance?
Insurance is not part of the vehicle import permit (Consulate General of Mexico in Montreal); see what you need before you drive into Mexico for the documents and permits. For a car rented in Mexico, Baja Bound cannot cover it; use the rental company's cover (Baja Bound FAQ). For your own vehicle, buy the policy online from the comfort of your home to avoid any last-minute hassle.
Planning for insurance before the trip also gives you time to evaluate the available choices and choose the right policy at an affordable premium. The insurance cost at the borders will also be much higher. So, start planning now and research the available Mexican insurance providers to choose the policy you like.
The basic details insurance companies will need to process your application are:
- The type of car you intend to drive in Mexico
- The monetary value of your car
- The coverage limits you desire
- The duration of your stay in Mexico
- The destination location in Mexico you are driving to.
- The details of any object or trunk your vehicle would be towing.
The premium cost of Mexican car insurance will vary on the above-listed factors, as well as the policy package you choose.
To file a claim, call the number on the face of your policy at the time of the accident; Baja Bound's FAQ says claims must be filed in Mexico before returning to the U.S. Follow the insurer's instructions from there; the policy’s terms decide what is paid.
Ready to buy? Get a Mexican car insurance quote.