US and Canadian travelers take extra care in choosing an insurance company at home, but fail to protect themselves adequately while driving in Mexico on vacation or business. We all stuggle at some point, because it is not easy to comprehend most auto insurance coverage.

As Mexico practices Napoleonic law, it is vital that you protect yourself from the possibility of being “jailed” in the event you are found at fault in an auto accident. Every US and Canadian car insurance excludes “Liability” coverage in Mexico and most domestic insurers will not pay for physical damage to your vehicle while you are motoring South of the Border.

In order to help secure a reliable Mexico Auto Insurance policy, smart travelers begin by reviewing the financial strength, rating, and claims paying ability of their Mexico Car insurance carrier as a first step and then compare online coverage and rates that meet their needs as a second step.

Buying insurance from a independently evaluated “A” rated company who provides solid “liability limits” with broad features and quality benefits is the preferred method to buy car insurance for Mexico. The method discussed is nearly impossible if you buy coverage at one of the border sellers (it’s a la carte), however over the past few years it is getting easier to buy a policy that can be understood and can be purchased less expensively online over the internet.

At a minimum, search for insurers with an “A” rating or higher (Published by A.M. Best, or Standard and Poor’s) who are admitted and authorized to sell Mexico car insurance.

If an internet site does not show on the opening page that the insurance company they represent is “A Rated” (this includes Mexico domiciled Insurance Companies), 9 times out of ten they are selling insurance from un-rated or non-rated insurance companies.

A.M. Best, (ambest.com) and Standard and Poor’s (who independently rate global, foreign, and domestic insurers) are regarded as the expert authorities in the insurance industry. In fact, many insurers share business with other insurance companies (reinsurance) and the minimum rating for the past 2 decades is an A.M. Best’s Rating of “A” .

When buying Mexican Auto Insurance coverage, travelers should ask themselves a few questions. Am I able to purchase coverage from an insurer who has a minimum “A” Rating or am I being asked by an agent or broker who runs a website or local agency to accept and purchase coverage from an unrated/not-rated insurer who has a weaker program, but who may pay the agent more commission in order to sell their coverage?

Please remember that yearly written premium is a poor measure of financial strength and a poor measure of the actual ability of any insurer to pay claims. The answer to this question when an broker might not wish to reveal the true nature of your risk could be to say “Why they are the 1st , 2nd, 3rd largest insurer in (any country).

The number one thing is to ask is the A.M. Best Rating of the insurance company (keep shopping if they don’t know what you are asking) then ask for various limits and features and finally ask for a quote to compare pricing. Exploring this Mexican Auto Insurance buying process will assist you in measuring, learning and comparing quotes on a clear equal basis and assist you in getting what you pay for should you ever be unfortunate and have a car accident in Mexico.

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