What is the cost of car insurance per month?

A car allows us to travel more comfortably; however, even if it is used for a short time, it is important to have car insurance per month.

Traveling insured is essential; It is not only about protecting our investment, but also about going easy on our loved ones.

The cost of car insurance per month will be defined depending on the type of car: model, brand, sub-brand, year, the gender and age of the driver, and where he or she resides.

The type of use and/or risks that the car may have will also affect the final cost.

Index: In this article you will find
Can you insure a car for only one month?
Does the cost of car insurance stay the same each month?
How do I know if the car insurance I have is expensive?
Can I change car insurance every month?

Can you insure a car for only one month?

Even if our car is rarely used, collectible or for sale, in any circumstance it is important to circulate protected and this can be achieved with car insurance per month.

In Mexico, as of 2019, people who have a vehicle and drive with it must have Civil Liability insurance.

This is mandatory to be able to travel on the country’s federal roads and bridges.

In this way, in addition to complying with the provisions of the authorities, you will have coverage for damages caused to third parties in an accident or other eventualities depending on the level of policy you have contracted.

This insurance, which is also known as temporary, can be contracted from three days to one month; and can be renewed as many times as you need.

There are commonly three types of policies:

Tourist.
Per kilometer.
Classic car.
The needs of motorists can change, and one of the characteristics of this auto insurance is that, in addition to automatically renewing, it can increase its coverage if required.

It can also change to longer terms, without meaning greater procedures for whoever hires it.

The objective is for the driver to travel safely and comply with legal provisions.

Does the cost of car insurance stay the same each month?

Among the characteristics of car insurance per month is obtaining an affordable cost from the basic coverage.

The price is modified by the contracting time, which is commonly a minimum of three days and up to a month.

It also depends on the vehicle, i.e. make, sub-make and model.

Other essential data that defines a large part of the cost is the gender and age of the driver.

And, since it is temporary, it will depend on whether it is insurance for vacations or tourists, business or for a classic car.

An example made by SOC for a Chrevrolet Aveo car, 2021 model, standard, 4 cylinders, which will be driven by a 40-year-old woman who lives in the center of Mexico City, the cost per month, in basic minimum coverage, of the policy is $367 pesos.

In comprehensive coverage, the cost can be $1,159 pesos.

How do I know if the car insurance I have is expensive?

Defining the cost of car insurance is related to various factors such as the make of the vehicle, age and gender of the driver, among other things.

However, the cost of the policy will vary according to the insurer and the coverage chosen.

To find out if the car insurance you have is expensive or not, you can use a comparator.

In this you must enter the required information and there are some platforms that have several insurers in one place so, that way, you can find out the cost of insurance for your car with the different service providers.

There, you will identify if the car insurance you have is expensive and if there are other cheaper options that offer you the same coverage.

The comparator will help you detect if it is time to change your current car insurance and get better conditions for your vehicle.

Can I change car insurance every month?

Can I change car insurance every month? The answer is yes.

In many cases there may be the possibility that you do not feel comfortable with the insurer you chose to protect your vehicle.

You don’t need to keep that bad experience for future times when you need to have car insurance per month.

You can go to a car insurance comparator and see what other options exist on the market that meet your coverage needs and fit your budget.

Insurers have been fine-tuning their policies, costs and coverage, offering each person the product closest to what they are looking for.

If you need car insurance per month, you can come to SOC, Leaders in Financial Consulting and a specialist will guide you at no cost so that you can choose the one that best suits you.