BajaNomad

AAA offers Mexican Auto Insurance

Iflyfish - 6-11-2010 at 12:06 PM

I may be late to the table, just read this from AAA

http://www.aaaorid.com/insurance/mexico_insurance.asp

Iflyfish

wessongroup - 6-11-2010 at 12:07 PM

thanks did not know

David K - 6-11-2010 at 03:09 PM

When I heard the price charged by AAA for Mexican auto insurance it was a VERY HIGH PRICE compared to BajaBound.com (here on Nomad).

[Edited on 6-12-2010 by David K]

Bob and Susan - 6-11-2010 at 03:14 PM

AAA is ONLY an agent for Grupo Nacional Provincial
a mexican insurance company

i'd skip AAA and get bajabound for the "lawyer part"

you'll need it if you get in an accident

toneart - 6-11-2010 at 04:28 PM

Quote:
Originally posted by Bob and Susan
AAA is ONLY an agent for Grupo Nacional Provincial
a mexican insurance company

i'd skip AAA and get bajabound for the "lawyer part"

you'll need it if you get in an accident


I wonder if they also handle Homeowner's Insurance for GNP?
I was able to get it, including flood insurance, from the GNP agent in El Paso, TX for this year.

Bajahowodd - 6-11-2010 at 04:47 PM

I strongly ask anyone with superior knowledge to chime in here. My take on GNP is that the are merely a brokerage. They appear to not be an insurance company. So, that would place them on equal footing with such well-known brokers as Bajabound. What I could not glean from their site was just who was underwriting the insurance they sold. Bajabound and several other brokers located in the US have contractual agreements with insurers that are multi-national, and retain immense amounts of reserves. While I really don't wish to ignorantly disparage GNP, I do wonder why it is that they don't seem to identify their insurance carriers on their website.

Riom - 6-11-2010 at 05:03 PM

Quote:
Originally posted by Bajahowodd
I strongly ask anyone with superior knowledge to chime in here. My take on GNP is that the are merely a brokerage. They appear to not be an insurance company.


Here's the financials for GNP (Grupo Nacional Provincial SAB):

http://www.google.com/finance?q=MXK:GNP

Revenue of 22 billion pesos (2 billion US dollars) in 2009. Bit more than a brokerage.

For Mexican health insurance for example, they're #1 in the market with a 26% market share.

Rob

[Edited on 2010-6-12 by Riom]

Thanks

Bajahowodd - 6-11-2010 at 05:33 PM

Quote:
Originally posted by Riom
Quote:
Originally posted by Bajahowodd
I strongly ask anyone with superior knowledge to chime in here. My take on GNP is that the are merely a brokerage. They appear to not be an insurance company.


Here's the financials for GNP (Grupo Nacional Provincial SAB):

http://www.google.com/finance?q=MXK:GNP

Revenue of 22 billion pesos (2 billion US dollars) in 2009. Bit more than a brokerage.

For Mexican health insurance for example, they're #1 in the market with a 26% market share.

Rob

[Edited on 2010-6-12 by Riom]



Thanks for the info. That's exactly what I was looking for. You obviously Google better than I Google.;D

AAA Insurance

MrBillM - 6-11-2010 at 07:54 PM

Back in '72-'73 I bought Mex Trip Insurance from the Auto Club before finding out that it was quite a bit higher than the insurance available at the Border.

No surprise to hear that it still is.

Qualitis policy $99 yearly!

juangrandebigjohn - 6-29-2010 at 07:05 PM

Quote:
Originally posted by David K
When I heard the price charged by AAA for Mexican auto insurance it was a VERY HIGH PRICE compared to BajaBound.com (here on Nomad).

[Edited on 6-12-2010 by David K]
$99 yearly for $50,000 coverage liabilty only drivers license policy a keep you out of jal policy good for old cars sold through Qualitis $99 yearly hard to get agent to sell this policy found one in Douglas Arizona there is little profit for agents understandably try to upsell you.

GPSinBaja - 7-10-2010 at 05:37 PM

Baja Bound has been treating me well and seems to have the lowest prices.

BajaBlanca - 7-10-2010 at 05:39 PM

We are really happy with Baja Bound as well .. have been using them for years.

Iflyfish - 7-10-2010 at 07:18 PM

Thanks, good feedback on this. I have been using Lewis and Lewis, will check out Baja Bound.

Iflyfish

Bajahowodd - 7-11-2010 at 04:23 PM

I've mentioned it before, but, given that AAA only offers coverage through a single carrier, there exists no competition. The several online brokers that most of the nomads use offer quotes from more than one carrier.

BCSTech - 7-21-2010 at 03:08 PM

When I called BajaBound about their coverage, they said they could not cover a vehicle registered in Mexico with Mexican plates.

Anyone care to chime in about this? We need to get Mexican insurance for one of our trucks we imported.

wessongroup - 7-21-2010 at 08:41 PM

MAPFRE Tepeyac, SA de CV

These are the folks that underwrite for Costco... check them out... they may have something going the other way...

this is their agent in the States, they are in Chula Vista...

https://www.borderinsuranceservices.com/frm_Home.asp

Reasonable prices and adequate coverage ..

Good luck, would seem there has to be someone offering ..... certainly a need

In my case..............

CasaManzana - 7-21-2010 at 09:26 PM

............I am within $18 of my full Mex coverage with -
http://www.vagabundos.com/index.html that I have had for years BUT never put them to the test