If you live in the United States and tend to drive often into Canada or Mexico, you will require international auto insurance to protect yourself and your vehicle. The rates will vary depending on the particular country; driving in Mexico is not considered as safe as driving in Canada.
International Auto Insurance Coverage
Although international auto insurance may be costly to purchase, it is very important if you decide to drive in another country. You may experience a lot of unnecessary expenses and frustration if you are involved in an accident and don’t have the proper auto insurance.
Driving in certain foreign countries without insurance is not illegal. However, you should still purchase an international auto insurance policy from an insurance company in the United States. This type of insurance coverage will protect you from other drivers. It may also protect you from theft, depending on the foreign country. You should discuss the specific coverage options included with an international auto insurance policy with your insurance provider.
Rates for International Auto Insurance
You can purchase an international auto insurance policy that is valid from anywhere to one month to an entire year. This type of policy offers more flexible time periods than regular car insurance policies, because most people only travel for a temporary period of time.
You will often pay much higher to purchase an international auto insurance policy when compared to normal rates of coverage within the United States. For example, the average monthly premium for international auto insurance outside of the United States and Canada is approximately $386 for a vehicle worth less than $10,000 and as much as $900 for a vehicle valued higher than $45,000. Be sure to contact your insurance provider to obtain the current rates for purchasing international auto insurance coverage.
