Despite the little culture of prevention that exists in Mexico, there are more than 100 insurers and within them there are many options to insure your car. Faced with so many options, it is normal for you to feel overwhelmed by not knowing which is the best auto insurance to be able to insure your assets . And it is that when we make an investment as important as auto insurance, it is normal to want the best, the one that guarantees us the best protection.
If we have a car, it is not only necessary, it is also mandatory to have insurance . The insurance will support us wherever we go, in case of an accident, a legal problem or if our car is stolen , that is why choosing car insurance is an important decision, we must take into account several factors to be able to choose the best for us.
The insurer undertakes, in the agreed terms, “to compensate the damage or pay a sum of money” depending on the mishap in which the owner of the car is involved and the contracted plan . Therefore, it is important to analyze the different benefits that can be obtained by taking out insurance, which ones we could use and which ones are more of a luxury than a necessity; The important thing is to analyze and compare the different options, which is why at Ahorraseguros.mx we will provide you with the information that will help you choose the best option.
What is the CONDUSEF based on to evaluate the Insurers?
This institution is based on compliance with the regulations established by law regarding financial institutions in Mexico. This evaluation is carried out in several stages, in which the insurers are informed of their failures and non-compliances and are given the opportunity to correct their failures.
Among the main failures of insurers are:
- Failure to pay compensation
- Complaints about delays and customer service
- The Registration Number of Insurance Adhesion Contracts ( RECA ) is not included.
- Do not include in the general conditions of the policy that it can be canceled early
- Do not include the contact details of the Specialized User Service Unit. Although you can always review the DITUE .
Tips for Hiring the Best Auto Insurance
When you are looking for the best insurer to provide you with the insurance that your car needs, you must not only compare the costs that are in the market and the coverage that is offered, it is also necessary that you pay attention to other types of factors.
CONDUSEF is an institution specialized in financial matters, which is why it recommends that once you have chosen the best auto insurance , pay close attention so that during the contracting process you are not fooled, in case any of the following occurs situations.
- One of the most common problems is that you provide incorrect information, to which you should pay close attention as this could invalidate your insurance.
- In addition, you must make sure that you never sign blank documents that can be altered later.
- Searching for the best insurer also implies researching the brand, the one that has prestige in the market will help you to be confident that the process for contracting your insurance will not change and the agreed terms will be fully complied with.
When you already have the insurance contract , you should check that your policy has all the elements that we show you below.
- Name and address of the insured and of the company that provides the vehicle protection service
- Description of the vehicle with all its particular characteristics
- Coverage contracted, established from mishaps or situations in which a person wishes to be protected
- Sum insured , that is, the maximum amount that the insurer will cover in case of accidents
- Premium , which is the amount for contracted coverage
- Deductibles , that is, the payment that the insured must make when an accident occurs, stipulated in a fixed amount in pesos or as a percentage of the total value of the car
- Total premium, which is equal to the total amount to be paid for the protection provided by the insurer
- Periodicity with which the premium payment will be made
- Contract term
- endorsement number
- Form of payment, depending on what each insurer handles
- policy number
What are the Best Auto Insurance Coverages?
So that you can contract the protection that best suits your lifestyle, you should not overlook the coverages that each insurer manages, which are applied based on the needs of each client.
