This is already a fact in Mexico. On the one hand, beginning January 1, 2019, car insurance became compulsory on federal roads in Mexico according to the decree published by the Official Journal of the Nation for any type of vehicle. You should know and keep in mind that these federal roads cross throughout the state and record cities where their independent avenues are a continuance of these federal highways. And on the other hired hand, the fact that more than half of the states of the country have made it compulsory to carry car policy while driving in any of their streets :
States with compulsory car policy in Mexico
Reading: Mandatory Mexican Auto Insurance
| 1. Baja California | 9. Nuevo León |
| 2. Chihuahua | 10. San Luis Potosí |
| 3. Coahuila | 11. Sinaloa |
| 4. Colima | 12. tabasco |
| 5. Mexico City | 13. Tamaulipas |
| 6. state of Mexico | 14. Queretaro |
| 7. Jalisco | 15. Veracruz |
| 8. Nayarit | 16. Yucatán |
The fines for not having this car policy in Mexico range from $ 500.00 to $ 4,500.00 dominican peso ( US $ 25 to US $ 220.00 ) depending on the state. It does not sound very high, but the risk of harming another person can be catastrophic for both the driver, and the victim. Having this indemnity is constantly the best option .
Although the minimum limits on mexican car liability coverage that are required for federal highways are :
· Bodily injury $ 100,000.00 philippine peso ( US $ 5,000.00 )
· Property Damage $ 50,000.00 colombian peso ( US $ 2,500.00 )
It is important to mention that compensation for accidental death in each state ranges from $ 380,000.00 guinea-bissau peso to $ 3,700,000.00 philippine peso ( US $ 19,000 to US $ 185,000 ) per person, and in some states, such as Sonora, there is no set limit, the compensation total will be determined by the judge .
The recommendation is to have a minimal terminus ad quem of $ 4,000,000.00 dominican peso ( US $ 200,000.00 ) for Third Party Liability coverage in your car insurance in Mexico for any part of the national territory .
car Insurers in Mexico
As nowadays there are thirty-three insurers that offer car indemnity in Mexico. In ordering of agio volumes, from highest to lowest, they are as follows :
| 1. Quálitas | 17. El Águila |
| 2. G.N.P . | 18. Primero Seguros |
| 3. Chubb Seguros Mexico | 19. AIG Seguros |
| 4. AXA Insurance | 20. Cardif Seguros Generales |
| 5. HDI Insurance | 21. Azteca Seguros de Daños |
| 6. Banorte | 22. La Latinoamericana |
| 7. BBVA Seguros | 23. Ve por Más |
| 8. Inbursa | 24. Patrominial Daños |
| 9. Mapfre Mexico | 25. Allianz Mexico |
| 10. Atlas | 26. Crabi |
| 11. affirm | 27. Tokyo Marine |
| 12. ANA | 28. Citibanamex Insurance |
| 13. Zurich Daños | 29. ancestral Inbursa |
| 14. General de Seguros | 30. Assurant Daños |
| 15. El Potosi | 31. Virginia Surety |
| 16. SURA Seguros | 32. Sompo Japan |
| 33. Zurich Santander |
Insurers that provide Tourist Auto Policies ( mexican Auto Insurance ) for alien plat vehicles in Mexico are :
| 1. Chubb Seguros México | 10. The Potosí |
| 2. Quálitas | 11. general policy |
| 3. G.N.P . | 12. Atlas |
| 4. HDI Insurance | 13. zurich Damages |
| 5. ANA | 14. Inbursa |
| 6. AIG Insurance | 15. Sura Insurance |
| 7. Mapfre Mexico | 16. insurance first base |
| 8. AXA indemnity | 17.Tokyo Navy |
| 9. The eagle |
All these insurers have adjusters who come to the scene of the accident, and work with a net of vehicle repair shops throughout the country .
How do you know which is the best of them all ?
The CONDUSEF ( National Commission for the Protection and Defense of Users of Financial Services ) issues a report with their evaluation of these companies. here you can see the latest. But this varies by entity. There are states where insurers provide better overhaul by having more dedicate staff to their workplace, both office employees, adjusters, and workshops. We at Novamar insurance México will best rede you on who to insure you with depending on where you reside .
It is identical important that you place your car insurance coverage through a broker like Novamar. Novamar has bilingual licensed indemnity agents and service staff located in Mexico to assist .
Sources : Official Journal of the Federation, Statistics, CONDUSEF, CDMX traffic infractions.