You can never know when the time comes to travel in Mexico by car. Fortunately, there are multiple car insurance choices that are available before the travel. It’s important to be prepared because most car insurance policies do not provide coverage in Mexico. Even those that do, they usually do for a few dozen of miles near the border. This is ideal for crossing the border and coming back; not for travelling.
What are your Mexican car insurance options?
The Mexican car insurance system works the same as everywhere in the world. They estimate the likelihood of the motorist filing a claim. This means they require the specifications of the car such as make, model, year and the driver’s portfolio like age and driving history (violation points, past claims). Finally, they also require the duration of the trip and even the approximation of the destination locations. There are various car insurance coverage types and you might be tailoring one for your needs.
Things to do when your car is financed…
If your vehicle is financed by a bank or lending institution it’s critical to handle this Mexican insurance paperwork before the trip. Usually, their coverage is not sufficient to cross the border and a permit from the lending company is requested at the Mexican border. Think about a financial property that needs to be protected during the travel outside of the U.S. borders. Obtaining such a permit is quite easy but you need to supply them the necessary information about your Mexican trip: travel dates and location.
Final tips regarding coverage when traveling to Mexico
When requesting a permit from the company that financing institution, you need to include the copy of a Mexican car insurance policy. Nowadays you can buy these policies online or from your current carrier and they are included on your current policy. Try to research the market for the best car insurance by using comparison websites that pull out dozens of car insurance quotes under a few seconds.
Have you ever drove to Mexico?