What Types of Car Insurance Coverage exist in Mexico?
In Mexico, there are different Types of Auto Insurance Coverage, which are designed to offer an insurance option for each type of driver, vehicle, and budget.
At present, the subject of Auto Insurance Coverage has aroused disproportionate interest in thousands of Mexicans, mainly due to the different policies that are already marketed by insurers, taking into account that for some years, in a large part of the country, it is mandatory for all drivers to have the minimum Civil Liability protection coverage to drive on roads, highways and federal bridges of the Mexican Republic.
This diversity of coverage guarantees that each owner of a vehicle in Mexico can find the level of protection they need at a fair price appropriate to their family finances.
Each person, depending on personal factors, their car and the place where they live, needs different protections and services corresponding to their auto insurance, so knowing what each of these policies consists of is essential.
What are the Types of Auto Insurance Coverage?
In general, most national and international insurers that operate in Mexico offer 4 types of coverage, which are broken down by the companies as follows:
- Civil Liability Coverage, also known as Basic.
- Limited coverage.
- Comprehensive coverage.
- Coverage Plus or Extensive Plus.
Marketed mostly by all the insurers that operate in the country, the differences between them are marked, because although the price is the first factor to consider, there are many other aspects that must be taken into account, mainly in the risks it covers and those it does not.
This is how different Types of Car Insurance Coverage are offered by companies, allowing their clients to compare and analyze the option that best suits their needs, but mainly to their economic possibilities.
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What risks are covered by Auto Insurance Coverage?
| Basic Coverage (Civil Liability) | CR in Goods and People | Road and Legal Assistance | Medical expenses | Material Damage | Partial / Total Theft | Special teams |
|---|---|---|---|---|---|---|
| ✔ | ✔ | ✔ | X | X | X |
| Auto Insurance Limited Coverage | CR in Goods and People | Road and Legal Assistance | Medical expenses | Material Damage | Partial / Total Theft | Special team |
|---|---|---|---|---|---|---|
| ✔ | ✔ | ✔ | X | ✔ | X |
| Auto Insurance Comprehensive Coverage | CR in Goods and People | Road and Legal Assistance | Medical expenses | Partial / Total Theft | Material Damage | Additional Coverage | Special team |
|---|---|---|---|---|---|---|---|
| ✔ | ✔ | ✔ | ✔ | ✔ | Depends on the insurer | Optional |
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Is it important to review the Types of Auto Insurance Coverage? Here we explain it to you!
The simple fact of buying a car already implies a significant expense, taking into account what this represents for your pocket. Therefore, researching, analyzing, and comparing the different Types of Car Insurance Coverage becomes a great alternative to take care of the investment you made, also considering your needs as a driver.
Although, since 2008, the mandatory use of auto insurance was established in the traffic regulations, with minimum protection in Civil Liability, a type of coverage that is offered by many insurers at a highly accessible price, however, this does not It ends up being completely recommendable, mainly when we take into account that the support of a Civil Liability Coverage (Basic), is not precisely characterized by offering the highest sums insured, but on the contrary, the care is limited.
So, at Save Insurance we recommend you study in detail each and every one of the Auto Insurance coverage offered by insurers, this will help you feel calmer and with the feeling that you are protected at all times, and against any unexpected.
In general terms, car insurance sales continue to increase, because as a result of becoming mandatory, drivers take precautions to hit the road, because, in case of suffering any type of accident, they can feel calm, thanks to the protection that received by insurers, with the different Types of Car Insurance Coverage.
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