What Types of Auto Insurance: In Mexico, the laws vary greatly regarding the obligation to have your car insured as they vary depending on the state where you are.
However, having a car insurance protects you in case of eventualities and above all damage to your vehicle, which can be a great relief. Know what types of additional options exist so you can take them into account when buying your auto insurance.
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In Mexico, 7 out of every 10 cars do not have any type of auto insurance that protects them against any type of accident (either to them or to some pedestrian), theft or damage to another vehicle.
Damage to third parties
This type of coverage helps you pay for the costs of damage or injury to other drivers or people who have resulted from an accident caused by you. This type of coverage, also known as civil liability, is mandatory if you are a person who circulates a lot through federal channels.
Crashes or that covers any risk?
This type of coverage is optional in most cities in Mexico, but there are cases that in some type of work, your bank or even the tenant of your car require this type of auto insurance even if it is limited coverage.
Crash coverage does exactly that, paying for the damages your car will suffer in an accident, while full risk coverage protects you in situations where your car is damaged for any reason other than a crash (vandalism, theft, hail, etc).
3 Types of Auto Insurance
Depending on your needs you can find different types of coverage options. There is specialized auto insurance for people who work as drivers or companies where they transport their products on a large scale.
A medical expenses coverage allows you to cushion the costs of medical attention that you or your passengers need in case of a car emergency.
Currently, there are additional options to ensure even your electronic accessories inside your vehicle, the important thing is that you identify what your needs are and compare the options that your insurer offers you. It has been shown that people who insure their car automatically feel calmer since they know that a company will answer for them in case of an accident.
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This starts from not having to argue with another driver if you run, as the agent of the insurer is the one who should be in charge of talking and reaching an agreement with the other driver.
2. Extended third party insurance
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3. All risk
The all-risk car insurance offers a complete range of coverage, assistance, and services for the driver and his vehicle. They incorporate, of course, the obligatory as the civil liability insurance, but also all those who complete the policies to third parties such as the breaking of windows or the theft of the vehicle.
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