Replies: 9 - Last Post: May 1, 2013 9:19 AM Last Post By: chasum
Mar 7, 2013 7:34 PM
Car InsuranceCan someone tell me what the major car insurance companies are in Mexico or atleast those that you prefer? I would like to purchase from a mexican company so there are less hoops to jump through if there is to be a problem.
Mar 8, 2013 12:00 PM
2A list of the 15 largest Mexican insurance firms (by Written Premium & Loss Ratio) is here: http://www.mexpro.com/mexico/pdf/2011-Mexpro-AMIS-Tourist-Auto-Results.pdf . Most foreign agents selling auto insurance give you three or four choices, and they're all pretty much the same.
Mar 8, 2013 2:24 PM
3The SURPLUS LINE BROKER you purchase from in the United States is just as important as choosing the company, even more so.
Lewis & Lewis
Has earned a reputation of going way beyond the call of duty to help their customers.
Mar 9, 2013 12:08 PM
4We've always used Sanborn's
Mar 9, 2013 3:08 PM
5Perhaps we're reading different things. Is the OP buying insurance IN Mexico because they have a car here, or are they just driving into Mexico and only looking for temporary insurance? I live here, and — while I suppose a good local agent is useful — the insurance companies all pretty much have the same kind of coverage. By the way, having been rear-ended this morning, carrying Mexican insurance is more than a matter of not going to jail if you are at fault .. the adjustors (the other person's and mine), like they do in Mexico, came to the accident scene and worked out the settlement on the spot. For vacationers and part-time residents carrying Mexican insurance saves them unpleasant change-of-plans if they're involved in something not particularly serious, but annoying and inconvenient.
Mar 9, 2013 7:52 PM
6Just a general statement concerning Mexican auto insurance as seen by car travellers coming in from the North. You will want to have Mexican liability auto insurance. Liability insurance is only valid bought through a Mexican company, It can, however, be bought through a broker located elsewhere. A good plan is to get one that will provided you with legal advice if an accident comes to that. We've used Lewis and Lewis for several years, they have a good reputation and sometimes lower deductibles; they will help to fully insure your vehicles while in Mexico, beyond just liability.
Mar 13, 2013 5:53 PM
7When I checked Sanborn's they told me I could not buy more insurance than I had on my car in the US. Since I live in Mexico 11 months of the year, I have no desire to buy full coverage for that 11 months I am not in the US. Lewis & Lewis sells me a lot of insurance, while I keep only minimum liability on my car when it is not in the US. When I go back, I call up and State Farm boosts my coverage up to full scale.
I have had no claims yet, after a few years, and hope it keeps on that way.
Mar 14, 2013 9:43 AM
8Others have mentioned, use an American broker. I have used several companies over the past few years. You just have to read which ones cover what and pick the one that best suits your needs, There are about 5 major Mexican companies they represent. Just make sure that you have $500,000 liability due to new rule changes.
You never know how good they are til you have a claim. I never have.
I cover a lot of this on a webpage http://www.mexicorvforums.com/border.html
May 1, 2013 9:19 AM
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