Tips For Choosing The Best Product Of Auto Insurance

The best auto insurance will be provided to ensure the best coverage in the event of the worst, "says Smart Money magazine, Eloy Lopez, insurance consultant since 1995 and director of the Integrated Financial forecast office.

In its latest issue, the publication was given the task of going to the experts to provide the best advice not only on the issue of insurance, wealth management but, Afore, mortgage, investment fund, among other financial topics.

Most people choose their insurance auto insurance and not for the reasons more convenient.

"Almost all do to protect your car against theft," he says, "do not know that the chances of getting your car stolen are much lower than to see you involved in an accident," says Lopez.

"If you drive, there's always the possibility that you have an accident and injuries you or your passengers, even that injury to people outside," says the expert. "And the owner of the car is responsible."

When he speaks of "the worst happens," Lopez thinks for example in an accident where the driver ends up being responsible for the death of a person. How much is taking the life of a human being?, Certainly more than any person has in his mind to deal with contingencies.

What you pay

A large portion of auto insurance offered by insurance companies in Mexico may be insufficient to deal with a catastrophic accident. Why? Because, well, people tend to buy auto insurance with the insurance cheaper, not to give the best protection.

If a person has limited financial resources could be justified that decision based on the price but, according to Lopez, even people with enough income to pay better coverage opt for the cheapest.

"80% of people with whom I have spoken of a chosen car insurance the cheapest," says the expert.

In the standard auto insurance basic coverage, premiums are around 58 pesos a month. Do not cover theft, but accidents: 250,000 pesos guarantee liability.

The best coverage is one that will allow you, if something serious happens, do not pay huge amounts of money, or get rid of your savings to cope with a catastrophic accident.

Following this recommendation, Lopez says one of the best options in the market is Mapfre policy, known as Coverage 14.

This is a broad coverage to which you can also upload the maximum amount insured in areas as important as civil liability.

Tips for buying insurance:

Consider the insurance coverage. GNP, AXA and Inbursa have adjusters throughout the country. Some use outside adjusters because they have national coverage.

Taking into account the network of repair shops. A wider network will allow better and quicker service. For Lopez, AXA has the best network of workshops and is the insurer that makes payments more just in case of disaster. In the event of total loss of self, while GNP is the one that pays better, according to the expert.

Consider the ease of the insurer. Inbursa insurance is one of the fastest arriving at the scene, even offers a guarantee of punctuality.

Source: cnnexpansion.com