First Insurance car insurance: everything you need to know
Auto insurance is an essential product, both for regulatory and legal reasons, as well as for the physical safety of your vehicle and its occupants. In addition, it is the best way to drive your car always with the peace of mind that someone will support you if you need it.
Making a good choice about which auto insurance to choose can save you serious financial, legal and even personal and health problems. That is why it is vitally important to choose well.
To achieve this, you must take into account the most important variables and factors that will allow you to feel calm and calm when driving your vehicle.
That is why in Guros we are conforming a mega guide with the most important information of all the insurers that offer auto insurance in Mexico. The intention is to help you make an informed decision based on your needs.
In this guide we will verify the fundamental characteristics of each insurer and their auto insurance. Among the factors analyzed are the types of vehicles, uses, packages, prices and forms of payment. Additionally, we will provide you with all the general and financial information of the insurer. Finally, we will provide you with the level of quality in the attention to its policyholders and the rating of the auto insurance that the Condusef grants to each insurer.
All these factors are essential for you to make the possible decision about auto insurance ideal for your vehicle.
This time we will review the options offered by the company Primero Seguros from Monterrey. This company is the Mexican subsidiary of Am Trust Financial Services, and is specialized in offering automobile and damage insurance.
1. First Insurance Auto Insurance
1.1 Types of vehicles for which Primero Seguros offers auto insurance
First of all, you should know that Primero Seguros auto insurance includes protection for the following vehicles:
- Fleet and collective
- Tractors, Tractors, Trucks and Tanks
1.2 Uses of vehicles insured by Primero Seguros
Second, you must take into account that Primero Seguros insurance accepts vehicles with use:
- Public service and / or federal.
1.3 Packages and Coverages of Primero Seguros auto insurance
Like practically all the insurers in this guide, Primero Seguros offers the three most common packages in auto insurance: Comprehensive, Limited and Civil Liability.
We must emphasize that in its Civil Liability and Limited Coverage Package, Primero Seguros offers extra protection to the standard coverage of other insurers. In addition, it has a Comprehensive Plus coverage, which gives more benefits to the insured (for a higher cost).
Finally, it should be mentioned that below the CR coverage, there is the Standardized Basic Insurance. This is the minimum coverage package required by Mexican law so that you can circulate on federal roads.
- Extensive Plus.
- Civil Liability.
- Standardized Basic Insurance.
So that you can compare what the most common Primero Seguros packages include, we list this table where you can see the coverage of each one of them.
Qualification of First Insurance of the compulsory insurance
8. 68. Position 12 of 23 insurers
For the qualification of the Compulsory Civil Liability Insurance , Primero Seguros is located in the position 11 of the 23 insurers that offer this mandatory product to circulate on federal roads and highways in Mexico.
1.4 Deductibles and insured amounts of Primero Seguros auto insurance
Claims before the Condusef
During 2017, Primero Seguros only received 23 claims before Condusef of dissatisfied policyholders. The majority were due to refusal to pay compensation and disagreement with the time for payment of compensation.
Claims submitted on the total of claims attended
The 23 claims to Primero Seguros came from a total of 19, 561 claims attended in 2017. This places your ratio of claims over total claims handled at 0. 11%.
In comparison, other insurers handle the following ratios:
- Quálitas: 0.3%
- Mapfre : 0.7%
- HDI Seguros: 0. 20%
The Claims Index for each 11 thousand claims , taken with the methodology of the Bureau of Financial Institutions (total claims / total claims) 10, 000 It is 11. 18 claims for each 10 thousand claims.
Sanctions imposed on Primero Seguros
During 2008, the Condusef did not apply any sanction to Primero Seguros in any branch.
Average valuation to adjusters
Single 26 insurers have at least one report evaluated on the Condusef adjuster portal. Primero Seguros is not one of them, but you can consult the rest of the information in this link .
2.4 Added values of Primero Seguros
- Greater protections in Limited and Civil Liability packages than others insurance companies
- Payment of 10% additional to the commercial value for material damage in the Amplia Plus package
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