How much does Mexican car insurance cost? The cost of Mexican car insurance for tourists can range from about $50 to $80 for liability-only coverage and $150 to $200 for full coverage. The specific price you pay depends on factors such as the value of your car, the length of your visit and the coverages you choose.
Full Answer
How much does Mexican car insurance cost?
The bare minimum car insurance policy for Mexico costs around $10/day, and after you add a broker fee, IVA tax, you might be looking at $19. For 3 days, it might be $38. Isn’t it worth it? Let’s take a look at the factors that make up the true cost of a Mexican Insurance policy.
How much is New Mexico car insurance?
The average auto insurance premium in New Mexico is $1,331 per year — 6.8% less than the US average. Your car insurance premiums are affected by factors aside from geography. Car insurance rates price based on various factors, including a driver's age, credit rating, driving history, gender and marital status.
Does your car insurance cover you in Mexico?
Unfortunately, regardless of how comprehensive your US insurance policy is, it won’t cover you while driving in Mexico. Therefore, you must buy a separate insurance cover if you cross the border in your own car. This liability insurance must be purchased from a company that is licensed in Mexico.
Do I need Mexico car insurance and why?
When it comes to driving your car out there in Mexico, it will not cover your liability whether for damages or injury to other drivers. Purchasing a Mexican car insurance policy is a must if you want to shun the high cost of an accident – or even an extended stay in a Mexican prison. So Why Is Mexican Car Insurance Really Necessary?
How much does it cost to insure your car in Mexico?
The cost of Mexican car insurance for tourists can range from about $50 to $80 for liability-only coverage and $150 to $200 for full coverage. The specific price you pay depends on factors such as the value of your car, the length of your visit and the coverages you choose.
Do you pay car insurance in Mexico?
You need Mexican auto insurance if you plan to drive in Mexico. Your U.S. car insurance policy alone will not be sufficient to satisfy Mexican Federal Liability Law. To satisfy this law, you must buy a separate Mexican liability insurance policy from a licensed Mexican insurance company.
Is my car insurance good in Mexico?
Most typical U.S. auto insurance policies will not cover Mexico. So, if you're heading south of the border, you'll need additional coverage for the family wagon. GEICO, for example, has partners that offer Mexico-specific policies for cars, RVs and motorcycles.
Do I need us car insurance in Mexico?
U.S. auto insurance policies aren't valid in Mexico. If you'll be driving there, even for a short time, auto insurance is required by Mexican law, and you could end up in jail if you're involved in an accident and don't have it.
What insurance do I need to drive in Mexico?
You'll need a special Mexican auto insurance policy to legally drive in Mexico, which can be acquired through an insurance agent. If you're planning to drive a rental car in Mexico, you may be able to purchase the insurance coverage directly through the rental agency, according to the Department of State.
Is it illegal to not have car insurance in Mexico?
You need to carry Mexican auto insurance to drive legally in the country, as liability coverage is mandatory. If you're involved in an accident while driving in Mexico, the maximum amount you may have to pay out if another party is injured or killed in an accident varies depending on where you drive.
Can a U.S. citizen drive in Mexico?
Temporary import permits for cars registered in the United States are needed in order to drive beyond the border zones in Mexico. Permits are enforced when driving approximately 20 kilometers into Mexico. Permits are NOT needed in the Baja Peninsula. Banjercito is the government authority that issues vehicle permits.
Does Costco sell Mexican car insurance?
Costco doesn't offer it) If you are a frequent or seasonal traveler, you know that it's necessary to have a Mexico auto insurance policy to travel from the U.S. to any part of Mexico.
Can you use American insurance in Mexico?
Can I Use My US Health Insurance in Mexico? No, in most cases, you will not be able to use the health insurance you have in the US for treatment in Mexico. Your American health insurance policy, such as Medicare, will not extend outside the borders.
How easy is it to drive in Mexico?
Having lived here for three years, I can honestly say I was a little bit nervous at first (especially after seeing drivers in Mexico City!). But if you're from the US or you have some experience driving on the right side of the road in other countries, you'll find driving in Mexico is pretty easy and straightforward.
How many miles does my insurance cover in Mexico?
The Mexico Coverage Endorsement provides limited extension of coverage for accidents occurring in Mexico within 25 miles of the United States border while the insured is on a trip for 10 days or less.
Does AAA work in Mexico?
Find savings at more than 500 partner locations throughout Mexico with your AAA Membership. Use your AAA card wherever you see this sign: To learn more about membership savings internationally through AAA at your local AAA website click "GO." International Affiliate Members, click here to access the site.
What do you do if you get into a car accident in Mexico?
Dial 911. Make sure an accident investigator (perito) is sent to do an accident report. An accident report is important to have to file a claim and prevent delays in paying your claim. Call your insurance company as soon as possible after the accident occurs and before you leave Mexico.
Can a US citizen drive in Mexico?
Temporary import permits for cars registered in the United States are needed in order to drive beyond the border zones in Mexico. Permits are enforced when driving approximately 20 kilometers into Mexico. Permits are NOT needed in the Baja Peninsula. Banjercito is the government authority that issues vehicle permits.
Do you need car insurance to cross the Mexican border?
Whether you're driving your own vehicle or renting a car, you'll need to purchase a Mexico tourist auto insurance policy for your trip. If you plan on driving your own vehicle, contact your insurance agent about purchasing a Mexico tourist auto insurance policy.
What is Mexican collision coverage?
Collision damage: Covers damage to your own vehicle that's caused by a collision, even if it's not with another driver. Theft protection (partial and full): Covers the partial or full theft of your vehicle if it's stolen while you're in Mexico.
What does Mexico car insurance cover?
In general, Mexico car insurance has coverages similar to your GEICO Auto Insurance:Physical damage for damages to your vehicleLiability damage for...
Do you have more information about Mexico auto insurance?
For additional information about Mexico car insurance please visit our Mexico car insurance information page.
Does GEICO provide car insurance in other countries?
We do! Please visit our international car insurance page to learn about all the coverages we offer to our customers heading to other countries.
What is the risk of a Mexican tourist car insurance policy?
Five basic risks to standard Mexican tourist auto insurance include: Oscar Padilla Mexican insurance policies also include Legal Service and Bail Bond as an added bonus. The length of your stay in Mexico can modify the term of your policy. The longer the duration of your trip, the higher the premium.
How long does Mexico auto insurance last?
Mexico auto insurance policies usually come in daily, week ly, six-month, or annual pricing packages. If your trip lasts about 25 days or you’re planning to visit Mexico several times in the following months, ...
What is Mexican car insurance?
auto insurance policy, a Mexican tourist car policy doesn’t provide such a wide coverage. It is a Named Peril policy, which means that only what is specifically termed as covered can be covered in case of an accident. Nothing more and less than that.
Do you have to buy insurance at the Mexican border?
Otherwise, you’ll end up having to buy your policy at the Mexican border. However, the cost of Mexican car insurance policies at the border is several times higher. Also, you wouldn’t want to waste any minute of your upcoming vacation on what you could have done beforehand.
Do you need Mexican insurance?
To make sure that you are covered in case of an accident, it’s necessary to purchase a Mexican car insurance policy. It will protect you against unanticipated loss during your travel. Given that Mexican auto insurance is required by the Mexican law, you will also avoid getting into trouble with Mexican authorities.
Does Mexico affect your insurance?
The length of your stay in Mexico can modify the term of your policy. The longer the duration of your trip, the higher the premium. Also, the type of coverage preferred may affect the rate and get you some additional benefits in the event of a loss.
How much is Mexican car insurance per day?
It’s important to understand that the cost of your Mexican insurance policy can vary depending on a range of different factors. Your insurance provider, preferred policy coverage, length of policy and even your vehicle can affect the overall cost of your insurance.
How much does it cost to buy Mexican car insurance at a rental car place?
Your Mexican car insurance will not cover a car rented in Mexico, so if you decide to rent a car while in Mexico you will pay a significant amount of money and pay more for the insurance than for renting the car.
Should I get Mexico auto insurance?
policies offer coverage up to a certain distance into Mexico, but according to Mexican law, you’ll need a minimum amount of liability coverage through a Mexico-specific car insurance company.
What insurance companies offer Mexico?
As we mentioned above, many major U.S.-based car insurance companies offer Mexico tourist auto insurance via Mexican car insurance providers, including Allstate , GEICO , Progressive and Liberty Mutual. You can also go directly through a Mexican insurer that writes auto policies for visiting tourists, like Baja Bound or MexPro.
What is covered by Mexico insurance?
What’s covered by Mexico auto insurance. The specifics of a Mexico tourist auto policy vary depending on where you go to get it, and some providers offer different tiers of car insurance for visiting Mexico, but any of the following coverages are options for drivers heading to Mexico: Liability coverage. Covers you if you injure someone ...
What is gap insurance in Mexico?
Loan or lease payoff. Also called gap insurance, this coverage helps you if your car is totaled in Mexico. Loan or lease payoff will pay you the difference between the value of the totaled car and what you still owe on your car loan or lease.
Do you need liability insurance in Mexico?
policies offer coverage up to a certain distance into Mexico, but according to Mexican law, you’ll need a minimum amount of liability coverage through a Mexico-specific car insurance company.
Does auto insurance include liability?
And just like with domestic auto insurance, your policy should include liability coverage and you may want to consider adding other coverage, like collision coverage, roadside assistance or gap insurance.
Does Mexico require car insurance?
Mexico law requires that drivers carry a minimum amount of car insurance through a Mexican provider.
Why buy Mexico car insurance?
Are you traveling for the weekend, an RVer, or staying longer? GEICO can help you get a Mexico auto insurance policy that's right for you.
How to get insurance for a rental car in Mexico?
If you rent a car in Mexico, start by asking the rental agency. In most cases, you can get car insurance through them. Since most US auto insurers only insure rentals with US license plates, getting coverage through the Mexican rental agency is usually the only option.
What is roadside assistance in Mexico?
Roadside assistance is available with your Mexico auto policy, including towing, flat tire repair, fuel delivery, and more . Help is just a call away 24 hours a day in both English and Spanish.
Who issues Mexico insurance policies?
We secure policies by working with highly rated Mexican insurance companies like Grupo Nacional Provincial and El Aguila Compania de Seguros. These Mexico insurance policies are issued by a fully-licens ed US Insurance Broker, International Insurance Group, Inc. who issues over 100,000 Mexico auto policies each year.
Is Geico owned by Geico?
This site is not owned by GEICO. Any information that you provide directly to International Insurance Group, Inc. on its website is subject to the privacy policy posted on their website, which you should read before proceeding. GEICO assumes no responsibility for their privacy practices or the use of their website.
Does Geico cover Mexico?
Get a Mexico Car Insurance Policy With GEICO. Your US auto insurance policy won't cover your car if you drive into Mexico. To have coverage while driving in Mexico, you need to buy a separate Mexico tourist auto policy. Mexico car insurance is competitively priced and offers customizable short-term or extended coverage options-including physical ...
Does Mexican insurance cover UTVs?
Have toys like ATVs, UTVs, or watercrafts? Mexican Insurance can cover those too with a slightly higher deductible. Start your free quote online to learn more.
Why is it important to purchase Mexican insurance?
In case coverage is not provided, then it is necessary to purchase a Mexican insurance policy so as to protect against any unanticipated losses incurred during the travel duration.
Why is the destination taken into consideration?
The destination is taken into consideration due to factors like congestion plus crime rate, which may escalate the probability of a loss. Also, vehicle details can affect the rate the same way it would in the U.S.A. as there are particular models which have the tendency of being stolen more often than others and also have a higher risk of theft. The rate may be affected by the type of coverage preferred as it will have additional benefits to the holder of the policy in the event of a loss.
Is Mexican auto insurance a peril?
Unlike the wider coverage of a regular American auto policy, a Mexican tourist automobile policy is actually a Named Peril policy. In other words, whatever is specifically termed as covered is strictly all that is covered – period; nothing more or less than that.
Do you need Mexican insurance to drive south of the border?
When planning to drive your car south of the border, you should ensure that you have Mexican car insurance policy as required by the Mexican law to avoid getting into trouble with the authorities. .
Can you buy annual insurance in Mexico?
Generally, the longer an individual will be in Mexico, the higher the premium will actually be. But a person can buy annual policies at a discount.
What Does Mexican Car Insurance Cover?
You are required by Mexican law to have liability insurance. If you cause a car accident, this covers bodily injuries and property damage to others. You can typically choose a policy limit (up to a certain amount). For example, Allstate and Geico sell up to $500,000 in liability coverage for trips into Mexico, while The General sells up to $300,000.
What to do if your car breaks down in Mexico?
Roadside assistance. If your car breaks down in Mexico, this pays for services such as a tow truck, jump-starting a battery, a locksmith or changing a flat tire.
What is a limited Mexico coverage endorsement?
From your own insurance company with a Limited Mexico Coverage Endorsement. This extends your U.S. policy within a certain distance of the U.S. border.
What happens if you don't comply with Mexican law?
And if you don’t comply with Mexican law? You could end up in jail, where the views are much less stunning and cuisine is decidedly worse.
What is physical damage insurance?
Physical damage coverage. This pays out if your car is stolen or damaged by problems such as a car accident, vandalism, fire, flood, hail and falling objects.
What is a TIP in Mexico?
Get a Temporary Vehicle Import Permit (TIP). The Mexico Free or Border Zone is an area along Mexico’s northern and southern borders, including a large portion of Sonora, the entire Baja peninsula, and areas between 12 to 16 miles from the border in all other Mexican border states. Any travel beyond the Border Zone requires a TIP. If you travel outside the Border Zone without a TIP, your car could be confiscated and you could go to jail.
Does USAA cover Mexico?
For example, USAA has policies that extend coverage for trips to Mexico within 75 miles of the U.S. border.
