Only 43% of stolen cars had insurance: AMIS

just every one of three cars are insured in Mexico, which indicates that there is an out-of-pocket expense each time a road incident occurs and this affects the health or economy of a home, commented Norma Alicia Rosas, general director of the Mexican Association of Institutions Insurance (AMIS).

Among the benefits of automobile insurance that covers victims and affected third parties are: it covers medical attention, it covers damages to your property, it covers damage to road infrastructure, in some cases it does not require a deductible.

Even, in an aspect to review since the road accidents they have been considered the second cause of impoverishment in the country, according to AMIS data, in the last 12 months (September 2021 to September 2022) 42,033 incidents were recorded in which both vehicles were insured.

According to information from the Technical Secretariat of the National Council for Accident Prevention (STCONAPRA), in 2020, on average, 44 deaths every day by road accidents, which determine that the average rate in Mexico is 12.4 deaths (in traffic events), for every 100 thousand inhabitants.

AMIS estimates that insurance prevents families from spending a significant amount and with it, the loss of assets. The average cost of traffic accidents, in minor accidents without injuries is between 5,000 and 10,000 pesos, with minor injuries 25,000 pesos, with serious injuries 350,000 pesos and in catastrophic accidents it exceeds 1,500,000 pesos.

According to the document, “at the end of 2021 it is estimated that the insurance sector covered damages to victims of road accidents for 20,410 million pesos,” according to statistics from the Ministry of Health and the Mexican Association of Insurance Institutions.

stolen cars

In the last 12 months (September 2021-September 2022) 60,905 vehicles stolen insured, AMIS calculates that on average 167 vehicles were stolen per day in the last period, resulting in a 3% contraction, compared to the same period in 2021.

44% of insured units stolen they got better, which is equivalent to 26,554 vehicles. However, the greatest effects are observed in the theft of vehicles that do not have coverage, which in the period were 79,186 units, according to information from the Executive Secretariat of the National Public Security System.

The AMIS spokeswoman pointed out that six states of the Mexican Republic concentrate 66.1% of the stolen insured units: State of Mexico (17,814), Jalisco (9,786), Mexico City (4,836), Puebla (2,940), Guanajuato (2,816). and Veracruz (2,138).

In the study period, 37,108 cars, 10,989 pickups, 4,729 motorcycles and 8,056 heavy equipment were stolen. Nissan’s Versa car was the most stolen vehicle sub-brand (3,140 units).

patricia.ortega@eleconomista.mx