The quick answer is… we don’t know. Just as with your standard auto or RV insurance, there are many variables that can affect your premiums. The longer, and more helpful, answer:
Your provider will base your cost on a few factors, including replacement cost of your vehicle and/or RV, the area in which you will spend the most time in Mexico, how long you will be traveling in Mexico, and such. Typically, policies that cover a shorter length of time will be less expensive, BUT that isn’t always the case. There is often a point at which the length of the contract earns you a price break.
For example, you may be joining your fellow RVers for the Xscapers Convergence in late January. You’re going to spend a week in sunny San Felipe before heading back to the U.S. Then you want to join the Mexican Connection caravan which starts a week after you return. In this scenario, purchasing a 1-2 month policy may be more cost effective than purchasing two separate policies that only cover the exact days you will be in Mexico.
Also, if you see yourself making multiple trips over the course of a few months, choosing a policy that covers the full length of time, versus only those individual trips, will likely save you money. Plus, you’ll be prepared if you decide to do a quick day trip back into Mexico! The most important point here is to evaluate your options. Get quotes for all the different scenarios you may encounter so that you can make an informed decision.
Speaking of scenarios, there is one that came up in our conversation that is not recommended. If you know that you will be stationary during most of your visit to Mexico, it may be tempting to purchase two one-day policies- the day you drive to your destination and the day you return to the U.S. Throughout the time your RV is sitting at your campsite, it would not have liability coverage. This is not a good idea.
A situation may arise in which you unexpectedly need to relocate or return to the U.S. before your intended time. If it is an emergency, calling to change the date on your liability policy will be the last thing on your mind and if you are caught driving in Mexico without liability coverage, you may find yourself in an even messier situation that could include jail time. It may be a tempting option so you can save some money but think about the possible consequences before you commit to it.
It’s very easy to get a quote and buy Mexican insurance online. If you do go the travel days only liability route, you can easily purchase and print a new day if needed. We found the six month or annual policy was more cost-effective for longer stays. Progressive includes Mexico which is a big bonus for us.
You can definitely purchase a quote online for liability or full coverage. My agency covers RV’s and towed units in Mexico. As mentioned by Scott, daily policies are available but 6-month and annual terms are the most cost effective.