Comparing Mexico Auto Insurance Policies


The following two tables provide a summary of Mexican Auto insurance coverage, policy limits by company.

  • When you buy Mexican Auto Insurance, you can buy a liability only policy (no Physical Damage cover and other add on coverages) which we do not suggest unless your vehicle has depreciated to a value less than $3,000 or in a few special cases.
  • The balance of the first table shows physical damage and other coverages provided by a standard policy.
  • Immediately Below the standard table is a reference to MexVisit. This is a special assistance package that costs only a few dollars, depending on term of coverage. This cover is so inexpensive everyone should buy it! Click for more information.
  • The deluxe levels of coverage provided by each insurer are strongly suggested. They "add-back" or increase more of the coverages that you have come to expect from your U.S. or Canadian Insurers. You will be pleasantly surprised by the cost / benefit of opting to purchase the deluxe levels of coverage on offer.
  • Third Party Liability Limits of $50,000, $100,000, $175,000, $300,000 and $500,000 are available, depending on the insurer. Some of these levels of coverage are only available through a deluxe policy. While it is true that due to Mexican Law third party Liability exposure is much lower in the U.S. and Canada, we strongly suggest protecting yourself against a nightmare scenario like causing an accident with a bus filled with people. In our sample pricing, you will see that a $7 day GNP Deluxe Policy with a $500,000 limit is less than $2 more expensive than a policy with a $50,000 limit! On the same policies, on an annual policy the difference is approximately $10 ! Based on this, we would suggest that it's a false economy to buy low third party liability limits when buying Mexican Auto Insurance.

Sample pricing is just that, your pricing can differ than those shown due to a number of factors based on your replies in the quoting process.


Standard Policies

  Mexican Auto Insurance Coverage By Company
  GNP ABA ACE
AM BEST Ranking A B++ A
Tourist Auto Ranking 1 10 6
US Parent Company No, Mexican
based company
GMAC Insurance *** ACE-INA
Holdings Inc
Coverage for Third Party Liability Up to
$300,000 CSL
Up to
$300,000 CSL
Up to
$300,000 CSL
Medical Payments
(per person/ per accident)
$5,000 /
$25,000
$10,000 /
$50,000
$2,000 /
$10,000
Medical Payments due to an Uninsured Motorist
(per person/ per accident)
$5,000 /
$25,000
$10,000 /
$50,000
$2,000 /
$10,000
Physical Damage to car due to an Uninsured Motorist *      
Collision (collision, turnover, glass breakage) *      
Total Loss Theft (theft, fire, natural phenomena) *      
Fixed Deductible of $500 for collision and $1,000 for total Theft - ** Optional Optional Optional
Legal Assist / Bail Bond 20,000 Up to Liability
Limit
20,000
Roadside Assistance      

* - Up to the value appearing on Declarations page not to exceed Market Value (Subject to deductible).
** - Percentage deductibles better (lower) on vehicle values below $25,000 & $20,000 respectively.
*** - Subject to regulatory approval, at which time it will become Ace Group.

CSL – Combined Single Limit,    PP/PA/P = per person/ per accident/ property,    PP/PA = per person/ per accident,
Yes -     No -   
             See policy Terms & Conditions for more detail.


MexVisit® Assistance: A must have!

MexVisit® is a must have! It adds or extends the travel assistance provided as part of your Mexican Auto Insurance.
Pricing is negligible on daily policies and a few dollars on an annual policy. In fact, by adding MexVisit to It includes:

   1)  MexVisit® Medical Assistance

   2)  MexVisit® Travel Assistance

   3)  MexVisit® Roadside Assistance

   4)  MexVisit® Auto Liability Legal Assistance

   5)  MexVisit® Personal Legal Assistance

For more information on MexVisit® coverage and for pricing sample click here

 

The following table shows the added coverage and increased limits available, as applicable, by purchasing the deluxe level policies. As you will see, the cost benefits of this level of coverage are extremely attractive.


Deluxe Policies





Change
  Mexican Auto Insurance Coverage By Company
GNP
Deluxe
ABA
Plus
Ace
Platinum
Increase Coverage for Third Party Liability (automatic limit increase, when lower standard liability limits requested. Higher limits available, as applicable, up to $500,000. The $500,000 limit is strongly recommended as it represents great value at minute increased cost.) $150,000 CSL $170,000 CSL $300,000 CSL
Increase Medical Payments $25,000 CSL $15,000 /
$75,000 - PP/PA
$5,000 /
$25,000 - PP/PA
Increase Medical Payments when damaged by an Uninsured Motorist $25,000 CSL $15,000 /
$75,000 - PP/PA
$15,000 /
$40,000 - PP/PA
Add Collision Deductible Waiver When third party at fault      
Add Fixed Deductible of $500 for collision and $1,000 for total and Partial Theft and Vandalism      
Add Partial Theft / Vandalism *      
Increase Legal Assist / Bail Bond 25,000 Up to
Liability Limit
20,000
Add Roadside Assistance     *  
Add Increased coverage for Cost of repair
Cars
Pickups/SUVS
Motor Homes
Motorcycles
 
$50.00
$55.00
$70.00
N/A
 
* $50.00
$70.00
$70.00
N/A
 
$50.00
$70.00
$75.00
$50.00
* - Up to the value appearing on Declarations page not to exceed Market Value (Subject to fixed $1,000 deductible).

The above is intended as a quick summary, See policy Terms & Conditions for more detail.please see your policy terms and conditions for full detail.


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