Travel Insurance For A Mexico Vacation – Forbes Advisor

Planning a trip to Mexico can result in option paralysis—there is so much to see and do. You might want to experience cultural, culinary and architectural wonders, like the Zapotec temples outside of Oaxaca, after a guided tour of the cantinas. Sun and fun on the beaches in Mazunte, Puerto Escondido or Acapulco might be more your vibe. Perhaps mariachi clubs and lucha libre wrestling matches in Mexico City or adventures like hiking through Copper Canyon and scuba diving on the Canary Islands are on your agenda. 

Wherever your Mexican journey takes you, packing a travel insurance policy can be a smart move. It can prevent you from losing the hard-earned money you invest in your trip if the unexpected disrupts your travel plans.

Best Travel Insurance for Mexico

Travel insurance can pay out for cancellations, delays, medical costs, stolen items and more. Our list of the best travel insurance includes the following.

Cost of Travel Insurance for Mexico Trips

Our analysis of trips costing $1,000 to $50,000 shows that travel insurance cost is 5% of your trip cost, on average.

Travel insurance cost is primarily based on your trip cost or the amount of nonrefundable expenses you’re insuring. The more you spend on your trip, the higher the potential claim payout and the higher the cost of coverage. For example, the average cost of travel insurance is about $1,050 for a $20,000 trip but only $59 for a $1,000 trip, based on our analysis.

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How Age Affects Travel Insurance Costs

Travel insurance companies also take your age into account when pricing policies. That’s because your likelihood of filing a travel medical claim increases as you get older. 

Travelers age 60 and older generally pay the most for coverage. A senior travel insurance policy costs 7% to 17% of the trip cost, on average, based on our analysis of senior travel rates.

Types of Travel Insurance Coverage for a Trip to Mexico

How To Choose the Best Travel Insurance for Mexico

The best travel insurance policy for your Mexico trip depends on your comfort level with risk, what you pack and what you plan to do when you arrive.

Adventure Sports

Although Mexico is a popular draw for all-inclusive resorts and cruises, there is no shortage of ways to explore Mexico independently. You can ride the waves in the sleepy surf towns of Northern Baja or go scuba diving in the Yucatan’s limestone sinkholes.

But be aware: Adventure sports—such as hang gliding, skydiving, mountain climbing, scuba diving below certain depths and biking on unmarked trails—are usually excluded from standard travel insurance policies. But don’t fret. You can still get coverage.

If you plan on this kind of adrenaline-pumping fun, look for a policy that offers add-on coverage for an extra charge. Some examples include:

Adventure plan from Tin Leg
Deluxe plan from Travel Guard
Elevate and Explore plans from WorldTrips
International Plan by Faye 
Ultimate Plan by Travelex
World Nomads specializes in adventure activities and includes coverage in its policies  

Cruises

Typically, the only difference between “cruise insurance” and standard travel insurance is that travel insurance for cruises usually includes coverage for missed connections and cruise-related travel inconveniences. For example, if your ship arrives late at the next port of call. If you’re cruising to Mexico, consider checking out the Cruise Insurance plan from Seven Corners and the Cruise Luxury plan from Nationwide.

Travel Medical Limits

Travel medical expense limits vary significantly among plans—generally ranging from as low as $25,000 to $500,000. If you want the maximum amount of coverage, consider buying a policy with $250,000 or $500,000 in benefits. 

Medical Evacuation Limits

Medical evacuation coverage can be as low as $100,000, but many policies provide $500,000 or $1 million. It’s worth considering a higher amount of medical evacuation coverage if you’re planning on exploring remote regions of Mexico.

Baggage Insurance

If all you’re packing is bathing suits, flip-flops, shorts and T-shirts, you probably don’t need a high amount of baggage insurance. The coverage per person for baggage insurance on most travel insurance policies ranges from $250 to $3,000, so there are plenty of choices. 

Note that many travel insurance policies exclude watches, silver, gold and platinum. Some policies also don’t cover laptops, cameras and other electronic equipment. If these belongings are on your packing list, be sure to ask if your travel insurance policy covers them before you buy it.

Travel and Baggage Delays 

If you’re worried about paying extra costs associated with a travel delay, look for policies with limits of $2,000 or $3,000. Travel delay benefits usually range from as low as $500 to $3,000, so you can find coverage at lower amounts if they suffice for you. Baggage delay benefits can range from $200 to $1,000. You’ll also want to look for a policy with short required waiting periods for delay benefits, such as six hours or 12 hours.

Travel Inconvenience Coverage

Some policies pay a modest amount to reimburse you for minor travel disruptions, for example, if you have a tarmac delay or a ticketed event in your itinerary is canceled. The Ultimate Policy from Travelex is one.

Pet Coverage

Some policies include pet-related problems in cancellation and interruption coverage.

Some policies pay for vet expenses for your pet traveling with you. Another pet-related benefit pays for extra kennel fees for pets left at home if you return late from a trip.

The Elevate plan from WorldTrips and the Ultimate plan from Travelex both offer pet-related benefits as add-on coverage. The IMG iTravelInsured LX plan’s trip cancellation and interruption benefits cover sickness, injury or death of a dog or cat and include $500 in kennel benefits.

Frequently Asked Questions (FAQs) for Mexico Trips