How much insurance do I need in Mexico?
Liability car insurance is crucial when driving in Mexico
To have coverage while driving in Mexico, you need to buy a separate Mexico tourist auto policy. Mexico car insurance is competitively priced and offers customizable short-term or extended coverage options, including physical damage, liability, vandalism, partial theft, medical payments, roadside assistance, and more.
The only type of coverage you're legally required to have in Mexico is liability, and you'll need to get it through a specialized insurer.
| Company | Average Plan Cost | CFAR Coverage |
|---|---|---|
| Nationwide Travel Insurance GTE QUOTE | $175 | Yes, up to 75% |
| Seven Corners Travel Insurance GET QUOTE | $216 | Yes, up to 75% |
| Trawick International GET QUOTE | $212 | Yes, up to 75% |
| Generali Global Assistance GET QUOTE | $255 | Yes, up to 60% |
Minimum auto liability insurance amounts required in New Mexico are: $25,000 for bodily injury to or death of one person, $50,000 for bodily injury to or death of two or more persons, and. $10,000 for property damage in any one accident.
Since U.S. liability insurance is invalid in Mexico, you'll need proof of Mexico auto insurance for a road trip south of the border. AAA can help you get what's required through one of Mexico's largest and most reputable insurance companies.
Travel insurance is not currently required for all of Mexico. However, travel insurance with medical coverage is required for visitors to Puerto Vallarta and Riviera Nayarit. This insurance is to protect travelers against any unforeseen medical event, including those derived from COVID-19 contagion.
How Much is Mexican Car Insurance Per Day? The costs average between $2 and $40 a day. The cost depend on several factors including type of vehicle, length of stay and the type of coverage you choose. You can purchase a policy for a day, a month, or a year.
The cost of Mexican car insurance for tourists can range from about $50 to $80 for liability-only coverage and $150 to $200 for full coverage. The specific price you pay depends on factors such as the value of your car, the length of your visit and the coverages you choose.
The Mexico Coverage Endorsem*nt provides limited extension of coverage for accidents occurring in Mexico within 25 miles of the United States border while the insured is on a trip for 10 days or less.
How much is car insurance at the Mexican border?
And depending on many factors (including what car you're driving, how long you're staying, and which coverage options you choose), the cost ranges from $2 to $40 per day. If you're traveling south of the border for a week, you can get coverage for as little as $14.
Public healthcare system in Mexico
Those employed in Mexico are automatically enrolled in the IMSS system and their contribution to the scheme is deducted from their salary. Those who are not formally employed may voluntarily enrol in the IMSS system, in which case they will have to pay an annual contribution fee.
If you drive your car into Mexico, your US auto insurance policy can't come with you. Driving your car in Mexico requires a separate international auto insurance policy. But don't worry. GEICO can help you get a Mexico auto insurance quote.
Limits: Liability Coverage Only
$15,000/$30,000 Bodily Injury. $5,000 Property Damage. $2,000 Medical Payments. $15,000/$30,000 Uninsured/Underinsured Motorist.
Minimum essential coverage, as described above, is coverage that satisfies the ACA's individual mandate. Minimum value, on the other hand, is a measure of whether a plan offered by a large employer provides adequate coverage.
The minimum amount of New Mexico auto insurance coverage is $25,000/$50,000/$10,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $10,000 for damage to another person's property.
Can I Use My US Health Insurance in Mexico? No, in most cases, you will not be able to use the health insurance you have in the US for treatment in Mexico. Your American health insurance policy, such as Medicare, will not extend outside the borders.
To drive into Mexico from the U.S., you're required to bring the appropriate identification, a couple permits (depending on how far into Mexico you're going), and your proof of Mexico auto insurance. If your car is financed, you'll also need a letter of permission from your lender.
Cheap travel insurance for Mexico
Worldwide travel insurance is considerably more expensive than domestic or European policies due to the potential medical costs in foreign countries. You can still find affordable cover, though. If you're travelling with your partner a couples travel policy could be cheaper.
Short-term visitors should look into travel insurance plans, while those planning on residing in Mexico for an extended period should consider an international health insurance plan. Mexican trip cancellation plans for tourists cover the cost of your Mexican holiday, including flights and hotel expenses.
Should I get travel health insurance for Mexico?
While it's not legally mandatory to have health insurance while traveling in Mexico, travel medical insurance should be considered by all travelers to Mexico, even if they're only visiting for a short period.
Your U.S. auto insurance won't cover you after crossing the border of Mexico. You'll need a special Mexican auto insurance policy to legally drive in Mexico, which can be acquired through an insurance agent.
Get the right car insurance before your trip to Mexico
Various Mexico insurance laws require you to purchase liability coverage from an insurer that's licensed to provide coverage in Mexico — which means your regular auto insurance most likely won't cover you.
Sign a declaration, pledging to return the vehicle within the 180-day period for which the permit is valid and not disobey any other regulations. Pay approximately $51.00 USD at the border or $45.00 USD online, plus IVA (tax) with cash or a non-Mexico issued credit card.
When visiting another country as a U.S. citizen: Your state driver's license is valid while driving in Canada and Mexico. In other countries, you may need to get an International Driving Permit (IDP) for foreign drivers.
