If you have done some drive in Costa Rica, you may have felt an “ recommend ” to get cover ( lol ). Most of our clients in the PASS military service end up getting volunteer coverage, often chiefly for the road side aid which is valid nationally. The keep up information is basic information on the mandate and voluntary insurance in Costa Rica. What they cover and some information about costs .

Insurance – Obligatory (Marchamo)

Costa Rica Auto Insurance and CoveragesThe hill of death? Accidents happen … The annual property tax and obligatory policy is paid every December. On cars being registered for the first time in Costa Rica it is paid on a prorate footing when the cable car is imported. If you purchase a vehicle that already has a license plate, then the Marchamo should be valid ( the spine and marchamo text file ) The insurances covers a minimal sum of liability ( less than $ 13,000 in 2020 ) for injuries people suffer if your vehicle is in an accident, careless of who the driver is or whether or not the driver is at fault. They may be occupants of your car, another vehicle, or pedestrians .
The marchamo is adjusted every year, keep in mind that the actual policy share is only approximately 17 %, the perch is taxes and fees. It is charged based on the fiscal respect of the vehicle. Lower value vehicles will pay less than $ 150, while most SUVs would pay $ 250 – $ 400. ace luxury vehicles and brand modern ones may pay over $ 1000.

Voluntary Insurance – Coverages

For budget, the indemnity premiums by and large come in at between $ 90 and $ 140 per calendar month. Most of our clients pay every six months, you may pay quarterly or monthly — but the INS charges a little tip for each extra payment you schedule. While the value of the vehicle is a agent, newer cars get lower rates. indeed much the rates are like even though there is a adult difference in the value of the vehicle. There are special rates for raw cars and you can pay a wax year, but the deductibles are identical high — so it ’ s a good idea to compare .
Costa Rica Auto Insurance and CoveragesCosta Rica Auto Insurance and CoveragesA good example of Coverage H — additional risks

  • Coverage A * is Personal Liability – Injuries or Death paid on damages established by the courts.
  • Coverage B which is Family Passengers – medical care for driver and family up to the 3rd degree
  • Coverage C * is Property Damage – damage to property owned by others.
  • Coverage D which is Collision – damage to your vehicle
  • Coverage F which is Theft – the insured value of the vehicle is paid, or damages to car if recovered; and
  • Coverage H which is Additional Risks. (natural disasters for example)
  • Coverage N — Deduction Exemption – this converts the C, D and F coverages to zero deductible.  The only condition is that the claim must be more than 300,000 colones.

*  These are the base coverages, you must have these before you can get any others.
Note Collision — In case you have an accident, AND are certain you will want to make a claim on either your insurance or the early driver ’ mho indemnity, you will want to make sure to call the traffic police at 911 and besides the indemnity party then that they send their examiner. 800-800-8000 is INS issue. besides, you will want to look for an empower body workshop in your sphere. INS AUTHORIZED REPAIR SHOPS is a searchable web page
These coverage designations are for the INS, other companies have similar policies — in general larceny and collision may be opted out of, this will reduce the rate significantly .
Roadside assistance: may be purchased reasonably stingily as an extra coverage. You get loose wayside aid anywhere in Costa Rica. This will cover your car not starting, running out of gas, a flat run down and a tow hand truck. You can use it 3 times a year, plus 3 tows per year. You call a toll free numeral, state your mention and license plate and then the representative will ask if you need aid or a tow. The vehicle must be less than 20 years old and less than 5000 kilograms .
Sample Insurance Premium Quote — January 2020 — The play along rate was quoted to one of our clients on an SUV valued at about $ 12,000 .


Insurance Amount Premium 6 Months
 Coverage A: Civil Liability for injury and/or death of persons outside the vehicle. Limit per Person: ¢ 100,000,000 ¢ 21,642
Limit per Accident: ¢ 200,000,000
Coverage P: Family Medical — per person in vehicle ¢ 10,000,000 ¢ 20,675
Coverage C: Civil Liability for property damage. ¢ 50,000,000 ¢ 19,711
Coverage D: Collision and/or rollover. ¢ 6,000,000 ¢ 124,398
Coverage F: Theft and/or assault. ¢ 6,000,000 ¢ 16,227
Coverage H: Additional Risks. ¢ 6,000,000 ¢ 9,265
Coverage E: Legal Fees ¢ 20,000,000 ¢ 6,235
Coverage J: Personal Items ¢ 150,000 ¢ 5,257
Coverage K: Alternate Transport (15 days for car rental while your car is in the body shop) No fixed limit on coverage, since it is a coverage on services. ¢ 26,455
Coverage M: Roadside Assistance No fixed limit on coverage, since it is a coverage on services. ¢ 5,500
Coverage N: Deducible Exemption. Applicable on coverage: C ¢ 9,356
  Semester Subtotal ¢ 264,721
 Discount for no claims history Experience Factor Discount – ¢ 235,874
 The premium can be paid for up to 6 months, or monthly, or every 3 months.  If paid for shorter terms the price is slightly higher Total Including 13% VAT (Value Added Tax) ¢ 296,860

A newly policy by the INS requires that clients insuring a vehicle provide proof of the reference of the funds. This is due to anti-drug traffic and money laundering regulations from the SUGEF ( which regulates fiscal institutions in Costa Rica ) .
If the vehicle is being paid with funds from a costa Rican bank account, this international relations and security network ’ t necessity. But if the buy is a cash transaction or international transfer then one of the follow is needed :

  • Account statement showing the withdrawal.
  • Withdrawal slip from your bank.
  • A printout of a screenshot from your bank log in screen that states your name.  The account balance isn’t needed. If you can also provide a screenshot of the transaction for the specific withdrawal that is good.

If you are looking to purchase a used or new cable car in Costa Rica, wheelsCR.com can help you with our PASS service. Click here, used car buy aid in Costa Rica for details. Click here, New Cars in Costa Rica for information on the curious serve .
If you would like to see information about other vehicle types and models, snap hera — Vehicle Makes and Models in Costa Rica — for a list of articles on our locate .

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