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Securing rental car insurance is a must when you're looking to rent a car in Mexico, as rental companies mandate that you have this coverage before you hit the road. Skipping out on insurance can lead to hefty fines. However, there are strategies to keep costs down.
Start with the basic liability insurance, which is compulsory by Mexican law. However, this minimum coverage might not be sufficient for your needs, so consider getting additional insurance. It's more cost-effective to arrange for this extra coverage before you rent the car. Liability insurance is crucial as it covers you against claims from other parties if you're at fault in an accident.
Another essential coverage is Third Party Liability insurance. This is crucial if you're responsible for an accident, as it covers the other driver's property damage and any injuries. Driving without this insurance can lead to severe consequences, including paying for all damages out-of-pocket and potential jail time. To mitigate these risks, you might want to invest in a policy that includes bail bond coverage.
Before renting a car in Mexico, ensure you have the appropriate insurance and meet the age requirements. Rental car companies in Mexico stipulate that drivers must be between 18 and 25 years old. Drivers under 25 may incur an additional daily fee ranging from $10 to $20.
Renting an electric car in Mexico is a cost-effective and environmentally friendly option for exploring the country. Prices differ among rental providers, so it's important to compare their offers thoroughly. Ensure that you opt for the rental with the largest possible fuel capacity. Be aware that some companies may offer one-way rentals but could limit fuel flexibility. Additionally, it's advisable to steer clear of rental deals that involve crossing international borders and always review the rental company's terms and conditions.
With the Mexican government's initiatives to promote cleaner transportation methods, the electric car rental market in Mexico is expected to grow. Hertz Global Holdings Inc., a leading car rental firm, has made a significant investment by ordering 100,000 Tesla vehicles, signaling a move towards fleet electrification by 2021. Customers will benefit from access to Tesla's supercharger network and Hertz's own expanding charging infrastructure.
When you hire an electric car in Mexico, carrying liability insurance is essential. Despite the country moving away from being known as an auto-sharing society, liability insurance remains a legal requirement. This insurance is crucial as it covers damages to others if you're involved in an accident. Remember, all standard vehicle laws are applicable to electric vehicles as well.
