Are you serious about whether or not to purchase journey insurance coverage for Mexico?
Truthfully, there’s lots of overly promotional advertising from journey insurance coverage corporations on the market, so I made a decision to jot down a fast information to assist folks work out whether or not you actually have to Mexico journey insurance coverage or not.
Wait, who am I?
I’m an American journey blogger and digital nomad who loves touring to Mexico and make a number of journeys to the nation every 12 months. In reality, in 2018 I even lived there for six months.
I’m fairly cautious about spending my cash, so in case you are like me chances are you’ll be considering:
Do I would like journey insurance coverage for Mexico?
The brief reply is that it relies on your state of affairs.
When you don’t have already got protection for high-risk actions or medical evacuation, it’s in all probability value getting Mexico journey insurance coverage.
However not everybody actually wants journey insurance coverage for Mexico, so try this full information earlier than deciding what’s greatest for you:
[affiliate disclosure: if you choose to make a purchase through my links, I may receive a small commission that helps to keep the lights on here]
Abstract: The Greatest Mexico Journey Insurance coverage
Don’t have time to learn this full information and simply wish to know my private picks for the very best Mexico journey insurance coverage?
Right here’s a fast abstract of the businesses I’ve personally utilized in my intensive travels around the globe:
I discovered that the very best journey insurance coverage for Mexico, not less than for me, was World Nomads, the identical firm I used to purchase my annual worldwide journey insurance coverage coverage for my massive journey around the globe.
I like them lots, as they’ve fairly good protection and it’s simple to increase if you are in nation in case your plans change.
However it’s best to at all times make sure you worth evaluate:
Particularly, I counsel that you just go to this search website if you wish to immediately get comparability quotes from dozens of corporations.
I get journey insurance coverage primarily to guard in opposition to medical emergencies and evacuation. I’m much less anxious about matters like journey cancellation if my plans change, stolen baggage, and so on.
However not everybody essentially must convey journey insurance coverage to Mexico in any respect (it isn’t a requirement to have journey insurance coverage to get a visa or something).
So learn on to determine if it’s value a purchase order in your circumstance.
Oh, one fast apart earlier than we dive in: earlier than you go to Mexico make sure you try my 17 Insanely Helpful Journey Suggestions for Mexico!
And also you undoubtedly gained’t wish to miss our 33 High Matters to do in Mexico.
A Primary Primer on When Mexico Journey Insurance coverage Makes Sense (And When It Doesn’t)
Earlier than speaking about the very best journey insurance coverage for that Mexico journey of yours, it’s value briefly discussing what insurance coverage is and isn’t good for.
Insurance coverage is an efficient deal if it helps guard you in opposition to a monetary exigency that you just couldn’t in any other case afford to cowl if it occurred.
For instance, it’s typically a nasty thought to purchase insurance coverage for family home equipment like microwave ovens.
Effectively, if a microwave breaks you’ll be able to in all probability afford to repair it. And since insurance coverage corporations construct a revenue margin into their premiums, you’ll be saving over the long run by simply self-insuring for small dangers like this.
However, mind surgical procedure might be one thing that you just can’t afford to self-insure. When you abruptly want it, it might end in monetary damage. That’s why medical health insurance is mostly advisable.
Okay, sufficient with the lecture: what does this must do with shopping for journey insurance coverage for Mexico?
Effectively, it signifies that it’s best to in all probability not fear an excessive amount of about sure varieties of insurance coverage coverages that the insurers will attempt to promote you on.
For instance, lots of journey insurance coverage corporations will trumpet advantages like:
- Misplaced baggage safety
- Flight delay and cancellation safety
- Theft and private results protection
However, you understand what?
I feel journey insurance coverage is normally a uncooked deal for these matters.
If a bag will get misplaced, it’s not going to end in monetary damage. In case you have a delayed flight, it in all probability isn’t going to price you a lot in any respect (and normally the airways will assist cowl any incidental bills).
Backside line: I wouldn’t fear an excessive amount of about having these coverages.
What you SHOULD be involved about are dangers which you could’t self-insure in opposition to. For journey to Mexico (or to Thailand, Nigeria, Georgia, or wherever else for that matter), that in all probability means three matters it’s best to contemplate:
- Emergency medical bills
- Repatriation of stays
- Automotive Rental Insurance coverage
All of those matters might be catastrophically costly if you find yourself with an enormous medical invoice, legal responsibility for a automobile wreck, or if your loved ones must repatriate your stays after a tragic incident.
These are the three matters I personally take a look at when pricing out journey insurance coverage for Mexico (or wherever else).
Do You Already Have Journey Insurance coverage for Mexico?
I typically suppose it’s advisable to have some insurance coverage protection for the kind of catastrophic losses I described above.
However in some circumstances, chances are you’ll have already got adequate journey insurance coverage for Mexico with out realizing it.
Listed below are some inquiries to ask your self to seek out out:
First, does your medical health insurance again dwelling cowl you in Mexico?
Many American well being insurers exclude protection if you find yourself overseas, however prior to now, I’ve had protection that utilized to Mexico. One of the best ways to seek out out is to name your medical health insurance firm and ask.
Second, do you might have adequate journey insurance coverage protection for Mexico by way of a bank card?
Some playing cards, like my Chase Sapphire Reserve card, present restricted journey insurance coverage protection that may assist cowl you for matters like collision harm on an auto rental or some restricted medical bills.
Third, does your automobile insurance coverage coverage from again dwelling cowl leases in Mexico?
Some do, some don’t. Once more, greatest to name to seek out out.
In case you have medical health insurance and automobile insurance coverage that applies to Mexico, chances are you’ll resolve it doesn’t make sense to spend the cash to convey journey insurance coverage to Mexico.
Particular Concerns for Shopping for Mexico Journey Insurance coverage
In contrast to some nations, Mexico doesn’t record journey insurance coverage as a requirement for entry for US residents.
With that mentioned, it could nonetheless be a good suggestion to convey journey insurance coverage to Mexico relying in your circumstances.
Listed below are a number of concerns to keep in mind:
- Mexico successfully has two medical care techniques: a higher-end non-public one and a public one.
- The general public healthcare system might be fairly reasonably priced and chances are you’ll be eligible for it in case you are planning to retire in Mexico on a resident visa. Learn extra information right here.
- When you’re simply touring to Mexico, remember that, whereas well being care prices are typically cheaper in Mexico, for severe incidents the price of care can nonetheless be very costly.
- Automotive rental corporations sometimes supply full protection insurance policies which you could purchase individually for those who simply want protection on your rental.
Why I Personally Selected to Purchase Journey Insurance coverage for Mexico
Finally, I made a decision to shell out for the peace of thoughts of journey insurance coverage for Mexico.
Effectively, my medical health insurance gained’t cowl me within the occasion of a severe incident right here and I continuously hire vehicles to take day journeys from my base in Merida.
I merely determined that saving a number of additional bucks wasn’t well worth the life-altering threat of a catastrophic invoice.
Thankfully, I discovered that World Nomads has fairly affordable costs for Mexico-specific journey insurance coverage. I paid considerably much less on a month-to-month foundation for a coverage than I did once I purchased a multi-country coverage the 12 months earlier than.
If you wish to store round on your personal firm, nevertheless, try this nifty website that pulls quotes from dozens of corporations.
If you wish to try how a lot it could price to purchase journey insurance coverage for Mexico from World Nomads, you’ll be able to worth it out immediately from this little widget:
One matter to notice: sadly, World Nomads doesn’t cowl these over the age of 70.
Aside from that, I’ve been proud of my expertise with World Nomads and would definitely suggest them.
With that mentioned, there are a bunch of journey insurance coverage corporations that may present protection for Mexico, so it could pay to buy round a bit. Simply use the above quote widget to get a base worth to tell your procuring so that you don’t overpay!
FAQs About Bringing Journey Insurance coverage to Mexico
Listed below are fast solutions to among the mostly requested questions on Mexico journey insurance coverage:
Is journey insurance coverage necessary for Mexico?
Mexico doesn’t require proof of journey insurance coverage to enter the nation, no. You’ll, nevertheless, want insurance coverage for those who plan to drive a automobile in Mexico.
Does medical health insurance cowl you in Mexico?
Most certainly not, nevertheless it relies on your medical health insurance firm so it’s best to name to examine. Most US insurers don’t present protection if you are overseas, which is a serious cause to purchase journey insurance coverage.
How a lot is Mexican insurance coverage?
Your journey insurance coverage price will depend upon plenty of elements, together with your age and the size of your journey. Prior to now, journey insurance coverage has price me between $2 and $four per day.
What’s the greatest journey insurance coverage?
The most effective journey insurance coverage for Mexico relies on your state of affairs. That’s why I counsel evaluating insurance policies utilizing a search software like this.
In case you have any questions on discovering journey insurance coverage for Mexico, please simply drop me a line within the feedback!
And, earlier than you go, you undoubtedly gained’t wish to miss trying out our 33 High Matters to do in Mexico!