BBVA Bancomer Auto Insurance: everything you need to know
We know that your vehicle is more than just a car. That is why when choosing the best protection you must be well informed to know which is the best option available for your car. In GUROS we gave ourselves the task of bringing you the most detailed information with the best options for auto insurance in Mexico.
We present the characteristics of BBVA Bancomer car insurance and what makes it different from other options.
You must take into account that the price of a policy is not the only factor, since there are several types of insurance, coverage, payment methods and even technological scope that they have.
1. BBVA Bancomer Auto Insurance
1.1 Types of vehicles that BBVA Bancomer covers in auto insurance
First of all, it is important to know that BBVA Bancomer auto insurance applies only to the following types of vehicles:
1.2 Uses of vehicles insured by BBVA Bancomer
Second, you should know that BBVA Bancomer offers its auto insurance for cars with the following characteristics:
- For private use only .
- With a maximum of 20 years of antiguaty.
- Only if they are armed vehicles in Mexico (or legally imported by an assembly company or automotive agency).
1.3 Packages and Coverages of BBVA Bancomer auto insurance
Like most insurers, Seguros BBVA Bancomer offers the most common packages for auto insurance:
To understand the important points of the coverage offered by the 3 BBVA Bancomer auto insurance packages, we present the following table:
If you are interested in finding out more details of all the auto insurance coverage consult the GUROS Blog and so you can decide which is the best option for your needs.
BBVA Bancomer rating of compulsory insurance
Rating 8. 25 (Ranking: place 12 of 23)
This rating corresponds to the information released by the Bureau of Financial Entities , a measurement that evaluates financial entities and takes as a reference the number of Claims and Controversies received, as well as the Sanctions applied by the Condusef.
To give you a clearer x-ray and taking as a reference the Standardized Basic Automobile Insurance (known as the Civil Liability Insurance Mandatory ) the BBVA Bancomer Insurance coverage obtained a rating of 8. 25 (of 10). This places it in the position 12 of the 23 insurance companies that offer this product.
1.4 Deductibles and insured amounts of BBVA Bancomer auto insurance
BBVA Bancomer in its auto insurance offers different coverages, most with normal market levels. However, in the coverage of Civil Liability they usually offer a coverage higher than the market average.
Here is a brief table that offers the main coverage and insured amounts included in the BBVA Bancomer auto insurance:
1.5 General conditions of BBVA Bancomer auto insurance
We are sure that this information is very important for users and if you are interested in knowing the general conditions of BBVA Bancomer auto insurance, we invite you to know its official information .
1.6 Auto insurance quote of BBVA Bancomer for the 10 best selling vehicles
Undoubtedly one of the most important points for users is having general knowledge of costs, therefore, at GUROS we undertook the task of making the quotation for the three BBVA auto insurance packages Most popular Bancomer.
As a sample of this brief study, we take the list of the 10 best-selling models in Mexico , and we quote how much the 3 BBVA Bancomer packages cost at an annual payment, with the Postal Code 06600 , of Colonia Juárez in Mexico City as a reference.
1.7 BBVA Bancomer Insurance claims and road assistance telephone number
In case of being involved in a claim and you have contracted BBVA Bancomer auto insurance, the telephone number you must contact is the following:
For the entire Mexican Republic: 03 800 853 3683
In addition, BBVA Bancomer offers the option of requesting assistance via its AutoAlerta mobile application.
Finally, we highly recommend reading the GUROS guide to know what to do in the event of a vehicle accident.
1.8 Other insurance and coverage offered by the BBVA Bancomer Insurance
As you know, BBVA Bancomer is a multi-product company in the financial sector. The same happens in the insurance market, where it has several products:
- Personal items
- Accidents and Illnesses
Specifically in auto insurance, in addition to the traditional packages (Comprehensive, Limited and Civil Liability), BBVA Bancomer offers its policyholders:
2. Information on BBVA Bancomer Insurance
2.1 General Information
BBVA Bancomer has more than 87 years of financial experience. The history of the company dates back to 1280, when Bancomer was founded, under the name of Banco de Comercio. After 64 years, where it experienced the nationalization of banking in Mexico, it was re-established as Grupo Financiero Bancomer. From 1996 Afore Bancomer is created, as well as the company specialized in bancassurance: Seguros Bancomer.
Some relevant information about the insurer:
Countries where it operates
Seguros BBVA Bancomer operates in the Mexican Republic, with a presence in the 32 state and in the United States.
Seguros BBVA Bancomer belongs to one of the largest financial institutions in Mexico. It has the first place in market share, counting with the 21. 3% market share. The banking operation is, by far, the one that contributes the greatest volume to the bank, but in the insurance market it also has enormous relevance.
Number of clients and / or volume of premiums (total business)
According to the data of the AMIS (Mexican Association of Insurance Institutions), during 2017, Seguros BBVA Bancomer had operations for a total value of $ 20 billion 148 thousand 649 pesos.
Ranking in the Mexican insurance sector
The previous numbers place BBVA Bancomer in position 3 of 83 in the global ranking of insurers in Mexico, with 7. 47% of the Mexican market.
For the automobile industry, it occupies the place 13 of 23, with 4.3% market share.
2.2 Financial information of Seguros BBVA Bancomer
The main financial indicators of the insurer are the following: