What is the Importance of Auto Insurance in Mexico?
Auto insurance is a legal requirement in Mexico and a financial safety net when unexpected events occur. Whether it’s an accident, theft, or damage caused by natural disasters, having the right insurance coverage can help you recover and get back on track quickly.
The Republic of Mexico is “no-fault,” meaning regardless of fault, your insurance will cover damage to your car as long as you have a complete coverage policy (as opposed to Liability Only). Most auto insurance coverage options available here also offer the uninsured motorist waiver, which is important in Mexico as only about 25% of the population carries insurance.