What Is the Best Car Insurance in Puerto Rico?

On the island of Puerto Rico, there are around 1 million drivers out of a population of about 3.4 million people. As a result, the roads around the island can often become very busy. Since the 1940s, the population and its love of cars began growing and has exploded recently. With so many drivers and so much congestion, it is natural that there are accidents and fender benders all across the island. Like in most states in the United States, drivers must have insurance to help pay for auto incidents.

The majority of drivers in the U.S are required to carry a minimum liability policy. Similarly, all drivers in Puerto Rico must carry liability insurance to legally operate a vehicle on the roadways. However, Puerto Rico requires that drivers carry just $3,000 of liability coverage, which is significantly lower than the requirements of any other state.

As is the case in 12 other states, Puerto Rico has no-fault insurance laws, which means that drivers use their own insurance no matter who caused the accident. The medical liability insurance requirements for Puerto Rico are similar to Personal Injury Protection coverage that is required in no-fault insurance states.

Puerto Rico is also unique in that the minimum liability insurance requirement is automatically issued by the government and included in the vehicle registration fee. In addition to the $3,000 of minimum coverage, however, many drivers on the island choose to purchase additional insurance from a private company to increase protections. The best car insurance in Puerto Rico provides additional coverage and protection. Let’s take a look at car insurance in Puerto Rico.

Best Car Insurance in Puerto Rico
Best Car Insurance in Puerto Rico

How can you get car insurance in Puerto Rico?

Getting auto insurance on the island of Puerto Rico is an easy process. As discussed, the required liability insurance of $3,000 in coverage is included with your fee to register a vehicle. The vehicle registration fee can range from $100 to $150 per year, depending on a few factors. The Agency for the Compensation of Automobile Accidents (ACAA) issues the policy.

Although the minimum policy is automatically issued, many drivers choose to purchase supplemental insurance to provide more coverage. Like in other areas, a full coverage policy in Puerto Rico will cover accident-related issues as well as repairs from incidents like theft, vandalism, or acts of nature.

What types of insurance can you purchase in Puerto Rico?

Car insurance companies licensed to do business in Puerto Rico can offer numerous supplemental coverages and policies. Like in most other places, you can shop around for coverages to fit your needs. Most insurers operating in Puerto Rico offer three types of car insurance packages. These include compulsory personal liability coverage, public liability, and full coverage.

Compulsory personal liability coverage is the most basic type of insurance. This type of coverage pays for physical damage inflicted on third-party vehicles in an accident that you caused. This type of insurance is similar to the basic auto insurance required by the government and provided by the ACAA.

Public liability insurance covers physical injuries and property damage if you are at fault for an accident. It will pay for things like medical bills, vehicle repair expenses, and other costs resulting from the accident. This is more similar to the standard liability insurance offered in many U.S. states.

Full coverage auto insurance includes liability coverage as well as collision and comprehensive benefits. As discussed, this insurance will cover you and your vehicle in a wide variety of circumstances. Full coverage in Puerto Rico also includes coverage for medical payments.

Similar to buying insurance elsewhere, the best way to find lower rates is to shop around. Insurance companies consider a variety of factors when issuing coverages. Comparing plans and coverage options will help you find the best policy for your needs and budget.

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