Reasons to continue being protected with Car Insurance in 2024

What is the Best Auto Insurance in 2024?

Despite the little culture of prevention that exists in Mexico, there are more than 100 insurance companies and within them, there are many options to insure your car. Given so many options, it is normal that you feel overwhelmed by not knowing which is the best car insurance to be able to insure your assets. And when we invest as important as car 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, under the agreed terms, “to compensate for the damage or pay a sum of money” depending on the mishap in which the car owner 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, that is why at Ahorraseguros. mx we will provide you with the information that will help you choose the best option.

Don’t Ditch Your Coverage: Why Car Insurance Remains Essential

Even the most cautious drivers can face unforeseen circumstances on the road. That’s why car insurance remains an essential element of responsible car ownership, offering financial protection and peace of mind in various situations. While you might consider skipping car insurance to save money, the potential consequences of driving uninsured are far too significant to ignore. Here are some compelling reasons why you should prioritize maintaining your car insurance coverage:

1. Financial Protection Against Accidents: Accidents, regardless of fault, can result in significant financial burdens. Repairing your car, covering medical expenses for yourself and others involved, and potential legal liabilities can quickly drain your savings. Car insurance acts as a safety net, covering these costs up to your chosen policy limits, preventing you from facing financial ruin in an unfortunate event.

2. Peace of Mind and Reduced Stress: Knowing you’re financially protected in case of an accident brings immense peace of mind. You can focus on recovering from the situation and navigating any legal processes without the added stress of worrying about hefty repair bills or medical expenses.

3. Compliance with the Law: Driving without car insurance is illegal in most regions. Getting caught can result in fines, license suspension, or even vehicle impoundment. Maintaining insurance ensures you comply with legal requirements and avoid unnecessary penalties.

4. Protection Against Uninsured/Underinsured Drivers: Unfortunately, not everyone on the road has adequate or any car insurance. If you’re involved in an accident with an uninsured or underinsured driver, your car insurance can step in to cover your repair costs, medical bills, and even lost wages, protecting you from the financial burden of their negligence.

5. Coverage for Various Situations: Beyond collision and comprehensive coverage, car insurance offers protection in various scenarios, like theft, vandalism, and even natural disasters. This comprehensive coverage ensures you’re financially protected against a broader range of unfortunate events.

6. Potential Discounts and Savings: Many factors, including your driving record, the type of car you drive, and your chosen coverage levels, can influence your car insurance premium. Maintaining a clean driving record, taking defensive driving courses, and choosing higher deductibles can potentially lead to lower insurance costs.

7. Flexibility and Customization: Most insurance companies offer a variety of coverage options and add-ons, allowing you to customize your policy to fit your specific needs and budget. You can choose the level of coverage that best suits your comfort level and financial situation.

Remember, car insurance is not just about fulfilling legal requirements; it’s an investment in your financial security and peace of mind. By prioritizing your car insurance and choosing the right coverage, you safeguard yourself from unforeseen expenses and navigate the road with confidence, knowing you’re well-protected.

What is the Best Auto Insurance according to PROFECO?

As we know, PROFECO is the Federal Consumer Protection Agency and is responsible for evaluating different services and products to inform the consumer so they can choose the best product.

In Consumer Magazine the “ Best insurers in terms of cost ” were published, the majority manage an average cost of $2,174.

Among the most economical, speaking in annual costs, are:

La Latino………………… $762 Mexican pesos

BBVA …………………….. $831 Mexican pesos

Santander ………………. $931 Mexican pesos

Azteca Insurance ……….. $ 933 Mexican pesos

In contrast, the most expensive insurers are:

ASSURANT…………….. $18, 145 Mexican pesos

HDI………………………….. $4,925 Mexican pesos

Allianz ………………….. $3,600 Mexican pesos

Ratings of the Best Auto Insurance according to PROFECO

To make this evaluation, PROFECO was based on the Civil Liability Coverage with the best prices.

The Latino……….. 9.81

BBVA ……………. 9.91

Santander……… 9.01

However, it should be noted that the parameters used by PROFECO are based on the information periodically published by CONDUSEF.

What is the Best Auto Insurance according to CONDUSEF?

You should know that the way to determine which is the best car insurance and the best car insurer is done through an analysis of the services, prices, user experience, and, above all, the qualification of the National Commission for a Protection and Defense of Users of Financial Services ( CONDUSEF ).

In the latest 2022 report from CONDUSEF, the insurer with the best rating for its auto insurance policy is:

MAPFRE…………………………8.08

AXA Insurance……………….. 8.05

GNP …………………………… 7.88

Which makes them the 3 best and most reliable to insure your vehicle.

For their part, the insurers with the lowest ratings last year in Mexico are:

Multiva Insurance…………4.39

ACE………………………….4.59

Azteca Insurance………….. 4.7

In this regard, it is worth noting that in 2021, claims related to car insurance represented a total of 42% of the complaints received by the National Insurance and Surety Commission ( CNSF ), that is, 7,197 out of a total of 17,255.

CONDUSEF Auto Insurance Ratings

So that you can be sure that you are going to choose the best auto insurer, CONDUSEF presented a list detailing the ratings that insurers have.

This information is obtained from the users’ opinions about the services by the adjusters.

The best insurers and the auto insurance companies best evaluated by CONDUSEF  according to the User Service Performance Index ( IDATU ) divided into 1st quarter, 2nd quarter, 3rd quarter, 4th quarter.

Reasons to continue being protected with Car Insurance

Nothing like knowing that, in the event of any incident that happens to you on the road, you just have to call the insurance company. And if it’s, the better.

Did your car get stuck in the middle of a highway?

Did you crash on a day when the roads were very congested? Do you know it’s time for your vehicle to be serviced, but you want only an expert you trust to perform the procedure? With  Car Insurance, we are in each of those situations of your daily life because we know that moving is vital for you to fulfill your dreams.

That is our vocation: to be there, accompany you 24/7, and go further with tangible services, that you use and take advantage of today, not only if you suffer an accident or your vehicle breaks down. These are some reasons for you to continue betting on life with our protection.

We pay you

It must be said: that we fulfilled our obligation to compensate you. Money is not everything, but you can rest assured that we will do it, so do not hesitate when faced with those challenging decisions that are key to making every day.

Car Insurance Should have been in the market for 79 years

Since its birth in 1944, has helped people achieve their goals, which demonstrates its strength in the market. Currently, it has more than twenty million clients and a presence in nine Latin American countries. Additionally, it has rethought the concept of insurance, becoming a trend and risk management company.

We accompany you in all fields of your life

If you only purchase Car Insurance with us, that’s fine, but we have products and services for every aspect of your life and that of your loved ones, so we accompany you comprehensively. From your health and your home to your travels, personal finances, your future, and your pets, we want to be there.

We solve situations

A problem requires a solution or, at least, immediate attention. We understand that which is why we have a wide network of experts who guide you through complex moments in person, by telephone, or virtually.

Various plans for you to choose from

Is there coverage of your Car Insurance that you consider does not apply to you or that you do not want to contract? Are you looking for an economical plan or one that better fits your budget? Not only do we have one alternative, but we always present several so you can choose the one that best suits your needs.

Insurance Benefits Program

We offer you discounts with various brands so that you can take care of your health and well-being so that you feel better about yourself and live experiences that generate joy and satisfaction: skin products, clothing, books, healthy eating, and much more every month.

Additional support for SOAT

Car Insurance is not SOAT, but a fundamental complement. support is just a call away: just dial #888, free of charge from your cell phone, and that’s it. We help you. You can also request assistance through the Seguros App.

With SOAT, both you and other road actors receive, among other things, medical attention in case you are injured in a traffic accident. However, voluntary insurance gives you up to $3.4 billion to pay damages to third parties when the SOAT bag runs out.

The SOAT does not pay for damage to your vehicle or damage caused to third parties. If you do not have voluntary insurance, these expenses are your responsibility, while, if you have it, you only have to claim for your car to be repaired with original parts and spare parts and for the others, as well, to be compensated. And how do you move while your vehicle is being repaired? One of the coverages is a replacement car, an option for you to continue carrying out your daily tasks while ensuring you live. If you get stranded, you have a tow truck or workshop car for situations such as lost keys or if they are left inside the vehicle, a flat tire, battery damage, or if you run out of gas.

What to do when you crash? Do you trade on the site? What should you say and what shouldn’t? Don’t worry. With Car Insurance you have the protection of a lawyer, so he leaves the situation in your hands.

Accounts with the Service Center

In this space, based in Bogotá, Cali, Medellín, Pereira and Rionegro, our team of experts awaits you to provide you with numerous services for your car, in addition to others if you ride a bike:

• If you are a client of the Global Auto Plan: you have unlimited preventive inspections from an expert mechanic at no cost and a free expert opinion during the validity period.
• If your plan is Classic or Basic: you have two preventive inspections and an expert mechanic at no cost and a 20% discount on four expert reports during the validity period.
• If you move by bicycle: access the bike fitting service with a preferential benefit. This consists of a complete and personalized analysis so that the size of many elements of the bike and the position of your body when riding adapt to your physical characteristics and abilities.

Also schedule alignment and balancing, maintenance and oil change (with preferential price), diagnosis and purchase of tires, and much more.

We are a sustainable company

We believe in the importance of connecting with the Earth. This means facing the challenges of the environment by transforming production processes, considering the limits of human and planetary health, and promoting sustainable economic and social growth.

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