Of the more than 4 million motorcycles registered in Mexico, only 8.6 percent of them have some insurance, despite the fact that it is mandatory to be able to circulate on any road in the country.
By: Ana Laura Martinez
almartinez@elasegurador.com.mx
Data released by the Mexican Association of Insurance Institutions (AMIS), point out that up to 2019, of the more than 4 million motorcycles registered in Mexico, only 8.6 percent of them had some kind of insurance, despite the fact that the Federal Roads and Bridges Law points out that having at least one Civil Liability policy is mandatory to be able to circulate on any road in the country.
He liability insurance It is required as a minimum support to protect third parties from any accident and it is also required as a requirement to be able to remove the motorcycle from a corral in case the motorcyclist has committed an infraction and the unit has been sent to one of these centers, informed Willy Jiménez Labora, advisor to Continium, an insurance specialist agency.
According to information from the Federal Consumer Attorney's Office, 28 percent of Mexicans do not take out insurance because they feel that it is too expensive; However, Jiménez Labora explained that investing in protection such as motorcycle insurance is necessary since more and more claims are related to this type of vehicle, not only in crashes but also in theft and loss.
"As with other types of insurance, the price of the policy varies according to the risks to which the contracting party is exposed, for example, gender, age, daily habits, model and brand of the unit and the company with whom you will be insured ”, pointed out the specialist.
Finally, Jiménez Labora concluded that in addition to RC insurance or broader coverage, more alternatives can be taken into account that complement this protection as a insurance of major medical expenses, in order to lessen the negative impacts on the person's pocket in the event of suffering an accident”, concluded the specialist.
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