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Ways To Get A Car Insurance Quote For An Overseas Vehicle
August 12th, 2010
Cheap car insurance is available around the world. Most countries deal with car insurance in a similar manner as the U.S. does. But that doesn't mean there aren't some potential pitfalls that the average policy holder needs to avoid. For instance, U.S. citizens can drive in Canada without worrying about overseas vehicle coverage. Coverage provided by an American car insurance policy satisfies Canadian law.
Mexico is a far different story. An American-issued car insurance policy is worthless south of the border. Get caught driving without Mexican vehicle coverage and possibly go to jail, have your vehicle impounded, or get hit with a sizable fine. Mexico does sell short-term cheap car insurance through various Internet sites. Make sure your stay in Mexico doesn't exceed the time you've scheduled to be in that country.
The world's economic situation has caused people everywhere to look for the best deals, including the lowest quotes for car insurance. The criteria for obtaining cheaper car insurance are essentially the same around the globe. Assess how much coverage you really need. Don't buy coverage that exceeds your needs and remember to continually review your policy to ensure that isn't happening.
Keep your deductible on par with what you can afford in the event of an accident claim. Most people try to maintain a low deductible, not understanding that a higher deductible creates lower car insurance quotes. Maintain a good driving record. Insurance companies anywhere are likely to offer better rates to good drivers, especially drivers who don't get speeding tickets. Foreign auto insurers consider speeding a major factor in traffic accidents, and they further understand that a driver issued a speeding ticket is likely to continue to speed.
Some overseas car insurers require an international driver's license before they will issue a policy. Oddly enough, some countries don't even require car insurance, but don't rely on that as a safe haven. Check your existing U.S. car insurance policy to see if it has any provision regarding driving overseas. Find out if there is a way to add a rider onto your policy to cover driving overseas.
Look to the Internet for help in finding quotes. A large number of insurance companies offer overseas vehicle coverage on the Web. They cater to expatriates who will stay in Europe for an extended period, as well as the vacationer looking for a short-term policy to cover driving a rental car abroad. Compare their quotes and decide on a policy that fits your agenda and doesn't come with too much expense.
