Condusef: How to choose the best car insurance without affecting your pocket?

In some states of the country (including Jalisco) to be able to circulate on public roads, all vehicles, including motorcycles, must have some certificate or policy current road insurance.

The breach in contracting at least one civil liability insurance, it may involve the payment of a fine of up to four thousand 100 pesosand the obligation to show that the insurance was contracted for the car to be released.

Currently on the market there are about 390 different types of car insuranceoffered by 27 insurers They have different products and packages.

How to choose one?

The Condusef recommends quote with different insurers to find the product that best suits your needs, and at the best price. There are simulators for car insurance that show that they can make price comparison easier.

Even with the vast number of policy options out there, there are three main types of coverage:

• Basic: It covers damages caused to third parties in their assets (car, house, fence, motorcycle, etc.), bodily injury or death and the compensation that is legally determined for said causes.
• Limited: Includes coverage of civil liability plus total theft of the car. In some cases it includes: legal protection, medical expenses of the occupants and road and travel assistance.
• Wide: is the coverage of civil liability, total theft of the car and material damagethat is, it has a wide range of coverages and services such as: material damage, guaranteed bond, glass, tires, special equipment and refund of the deductible, among others.

All insurers have additional services that you can count on when hiring the policy, to decide on a company it is essential to check that the institution that offers the insurance is authorized by the National Insurance and Bond Commission.

Another important aspect that you must take into account when quoting are:

• premium cost
• Amount of the sums insured
• The risks covered
• Percentage charged for deductible
• insurance exclusions

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