Skip to main content

Purchasing the standard Mexico auto insurance policy package is an economical way to cover your vehicle in Mexico. While it does not afford the same coverage as the extended policy, it does provide the basics, and can be accepted by finance companies with the proper coverage. However, each standard package is a little different in the coverage it provides. To ensure you purchase the correct coverage you need, we have provided a comparison of each program side-by-side below.

Standard Coverage Comparisons by Insurer

Company ABA ACE El Aguila GNP
A.M. BEST Ranking Parent Company A+ Parent Company A+ A- A-
US Parent Company Chubb Group
(formerly ACE-INA)
Chubb Group
(formerly ACE-INA)
American Financial Group N/A
Section I (collision, turnover, glass breakage∗) Up to the value appearing on the Declarations page, not to exceed Market Value (Subject to deductible)
*GNP includes natural phenomena as a Section II Peril increasing the deductible to $1,000 for losses related to flood, hurricane, etc.
Section II (theft, fire, natural phenomena∗) Up to the value appearing on the Declarations page, not to exceed Market Value (Subject to deductible)
*GNP includes natural phenomena as a Section II Peril increasing the deductible to $1,000 for losses related to flood, hurricane, etc.
Partial Theft/Vandalism NO
Fixed Deductible Option Optional
Extension of Liability to Towed Units YES NO YES YES
Physical Damage for Registered Off-Road Vehicles YES NO YES YES
Collision Deductible Waiver When third party at fault NO
Coverage for Third Party Liability $50,000 CSL
$100,000 CSL
$300,000 CSL
$500,000 CSL
Medical Payments $10,000 / $50,000 $2,000 / $10,000 $10,000 / $50,000 $5,000 / $25,000
Medical Payments when damaged by an Uninsured Motorist $10,000 / $50,000 $2,000 / $10,000 $10,000 / $50,000 $5,000 / $25,000
Physical Damage to car when damaged by an Uninsured Motorist Subject to Deductible
Limited GAP Coverage NO
Legal Assist/Bail Bond Up to Liability limit $30,000 Up to Liability limit $30,000
Roadside Assistance MexVisit® Travel Assistance Included ACE Platinum Assist MexVisit® Travel Assistance Included YES
Increased US Labor Rates (for US Repair) NO

One of the benefits of the standard Mexico insurance policy is its flexibility. For example, when it comes to the deductible, you can purchase a percentage deductible that keeps your premium low, but requires a higher out of pocket cost in the event of an accident. Or, you can purchase a fixed deductible that increases your premium, but requires a lower out of pocket cost in the event of an accident.

Another example is liability limits, while the extended package automatically comes with $300,000 CSL for liability, the standard policy allows you to purchase lower limits. It is important to understand that the laws in Mexico have changed and Mexpro recommends no lower than $300,000 CSL in liability, and strongly encourages you to consider the $500,000 option.

More Information:

Contact Us