Iflyfish
Ultra Nomad
Posts: 3747
Registered: 10-17-2006
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AAA offers Mexican Auto Insurance
I may be late to the table, just read this from AAA
http://www.aaaorid.com/insurance/mexico_insurance.asp
Iflyfish
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wessongroup
Platinum Nomad
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thanks did not know
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David K
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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]
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Bob and Susan
Elite Nomad
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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
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toneart
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| 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.
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Bajahowodd
Elite Nomad
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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.
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Riom
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| 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]
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Bajahowodd
Elite Nomad
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Thanks
| 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.
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MrBillM
Platinum Nomad
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AAA Insurance
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.
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juangrandebigjohn
Junior Nomad
Posts: 42
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Qualitis policy $99 yearly!
| 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.
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GPSinBaja
Newbie
Posts: 9
Registered: 7-10-2010
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Baja Bound has been treating me well and seems to have the lowest prices.
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BajaBlanca
Select Nomad
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Location: La Bocana, BCS
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We are really happy with Baja Bound as well .. have been using them for years.
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Iflyfish
Ultra Nomad
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Thanks, good feedback on this. I have been using Lewis and Lewis, will check out Baja Bound.
Iflyfish
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Bajahowodd
Elite Nomad
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Location: Disneyland Adjacent and anywhere in Baja
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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.
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BCSTech
Senior Nomad
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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.
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wessongroup
Platinum Nomad
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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
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CasaManzana
Nomad
Posts: 398
Registered: 7-4-2004
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In my case..............
............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
Things are expensive, but at least we get a free trip around the sun once a year
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