If you decide to get full coverage, which is about double the cost of liability for a two-week stay, you’ll get higher liability limits as well as some combination of the following additional coverage (depending on the provider and how much coverage you want):
- Collision coverage
- Physical damage coverage (the equivalent of comprehensive coverage)
- Travel assistance
- Roadside assistance
- Theft coverage
- Medical payments coverage
- Legal assistance
- Gap insurance
Like car insurance costs in the U.S., Mexican car insurance rates differ depending on your insurer. Most of the large providers advertise rates ranging from $1 to $70 per day.
The good news is that you aren’t beholden to any one provider, regardless of who insures your policy in the U.S. We recommend speaking to multiple companies to find the best rates and coverages for your needs.
By Vehicle Type
Vehicle type is one of the most important factors for Mexico car insurance rates. Here’s a detailed look at rates for low-cost and mid-priced vehicles.
||Cost of vehicle
||3-day liability plan
||2-week liability plan
||3-day full coverage plan
||2-week full coverage plan
||6-month full coverage plan
||1-year full coverage plan
|2013 Honda Accord
|it 2018 Jeep Wrangler 4WD
Other than the cost of your vehicle, providers will also assess the risk of your vehicle. You can expect to pay more for your coverage if you’re driving a:
- Sports car
- Off-road vehicle
- Luxury vehicle
- Car with expensive parts to repair/replace
Insurance providers will also consider where you are traveling to in the country in order to determine your premium. In Mexico, you pay settlements for injuries, damages, or fatal crashes in lump sums rather than on a per-person/per accident basis (U.S. model). Since each Mexican state has its own criminal and civil liability penalty amounts, your premium may be higher or lower depending on the penalties and risks associated with the specific region you’re traveling to.
For example, your plan might be anywhere from $5 to $10 more per week if you plan on driving in Baja as well as Northern Mexico (as opposed to just Baja).
In Mexico, drivers between 18 and 21 tend to pay more for car insurance than drivers over the age of 21. However, providers in Mexico do not use age to determine rates between adults over the age of 21. So, if you’re comparing rates for a 22-, 36-, 52-, and 75-year-old, age will not be a reason as to why their rates differ.
By Term of Stay
Term of stay is the last major factor car insurance companies in Mexico use to set your rates. The shorter your stay, the higher your per-day rate will be. You should prepare to pay anywhere from $10 to $70 per day for shorter stays (a few days to two weeks) and as little as $1 per day for long-term stays (several months to a year).