Most people are concerned about the theft, without knowing it is more likely an accident; no insurance from 58 pesos, but always agree a more expensive one that would further secure.
Before you purchase or renew an insurance for your car, read the advice of an expert to help you choose the most suitable for your needs.
The best auto insurance will always be to ensure the best coverage in case the worst happens, tells the magazine Smart Money, Eloy Lopez, insurance consultant since 1995 and director of the office Integrated Financial Forecast.
In its latest issue, the publication was given the task to go to the experts to provide the best recommendations not only on the issue of insurance, but of wealth management , Afore,mortgage , investment fund, among other financial topics.
Most people choose their auto insurance not the most convenient reasons.
"Almost all do to protect your car against theft , do not know that the chances of getting your car stolen are much lower than those to see you involved in an accident, "says Lopez.
"If you drive, there is always the possibility that you have an accident and injuries you or your passengers, even of injury to people outside," says the expert. "And the car owner is responsible."
When he says that "the worst happens," Lopez thinks for example in an accident in which the driver ends up being responsible for the death of a person. How much is taking the life of a human being ?, surely more than anyone has in his account to meet unforeseen.
What you pay
Much of auto insurance sold in Mexico may be insufficient to cope with a catastrophic accident . Why?
Because, well, people tend to buy the cheapest auto insurance, not granting the best protection.
If a person has limited financial resources, it may be justified to decide based on the price but, according to Lopez, even people with enough income to pay for better coverage opt for the cheapest.
"80% of people with whom I have talked about insurance for cars chose the cheapest," says the expert.
In auto insurance standardized basic coverage, premiums are around 58 pesos. No cover theft, but accidents: 250,000 pesos guarantee liability.
The best coverage is one that will allow you, even through something very serious, not disburse huge amounts of money, or get rid of your savings to face a catastrophic accident.
Following that recommendation, Lopez says one of the best options in the market is the policy of Mapfre, known as Coverage 14.
This is a wide coverage to which you also can add the maximum amount insured in such important areas as civil liability.
Tips on buying a safe:
Consider the coverage of the company. GNP, AXA and Inbursa have adjusters nationwide.Some adjusters used outside because they have national coverage.
Taking into account the network of repair shops. A vast network will allow better and faster service. For Lopez, AXA has the best network of workshops and is the company doing the most righteous payments in case of disaster. In case of total loss of self, GNP is the best paid, according to the expert.
