Mexico law mandates that only insurance companies which are licensed and admitted within Mexico can provide liability" coverage protecting you against damages you could do to others. Mexico does NOT require that insurance companies be rated for fiscal strength or analyzed for the ability to pay claims in case of a loss

Your US or Canadian policy may extend physical damage coverage within past the US border for a limited number of miles. (Most do not) Please check with your insurance agent before you leave home. Car Insurance for Mexico is sold a la carte, with numerous unrated insurers limiting coverage in order to appear to reduce price, as there is no standard" policy coverage.

It should not be surprising, that the insurance companies with the best reputation for paying claims fairly tend to be rated companies. Claims for Property Damage you cause to others are settled on an actual cash value" basis, guided by Insurance Law. Review Kelly Blue Book in the US for accurate Mexico vehicle valuations.

All claims must be placed in Mexico for insurance coverage to apply. Mexico Car Insurance costs, coverage, liability limits, and claims paying ability vary greatly between different Mexico companies. You should inquire as to whether Legal Assistance, Bail Bond, or Roadside Assistance for no extra cost? Are major claims handled in the United States, sparing you the frustration, and expense of journeying many times to Mexico to fulfill your judicial responsibilities? Does your carrier allow repair your car, pick-up, RV or SUV in the US or in Canada, and not just Mexico? Are you buying a postal service paper policy from a local broker,or an electronic internet immediately verified policy? Is the broker offering un-rated insurance company policies? This knowledge will assist you enormously in the regrettable event of an accident

Most Mexican Insurance policies do not cover Vandalism or Partial Theft, but coverage may be included by with the better programs. Auto Insurance for Mexico is written on a named perils" basis and Full Coverage" includes Physical Damage to your vehicle. Dozens of US agents, mini marts, even towing companies and other middlemen distribute coverage at the border, but you should ask yourself how many agents specialize in Mexican Car Insurance and NO Other types of Insurance? Four or 5 ?

For knowledgeable Mexico Insurance information look directly for agents who do not sell Mexico policies as a sideline, but as a specialty. You might be interested to know that many agents sell car insurance from non-rated insurance companies who then pay them larger commission? The only way they can afford to pay higher commissions is by reducing coverage or reducing pay outs for claims.

As the economy proceeds in a state of uncertainty, it might be most important to get good value for your money by buying a Mexico Insurance policy from a financially secure insurer.

You'll benefit by buying coverage with an experienced specialist. Everyone is always happy and thinks they got a GREAT deal, until they have an accident!