If you are planning to travel by car in Mexico, Mexican automobile insurance must be purchased. As long as the car pool is not intended as a business operated for profit, insurance protection is not affected. However, car pooling results in an increased number of passengers in the car, so you should consider increasing your liability coverage. Recovery for loss to any custom furnishings or equipment is excluded unless coverage is specifically endorsed to your policy. Understanding What It Costs 18.
Insurers base rates on accident frequency and loss costs.
Insurers believe this good experience warrants the reduced cost. Yes, they may. Like any installment plan, insurance premium payment plans may include interest or fees. You should ask your insurance representative how much the interest or fees will be. Most insurance companies write non-assessable policies.