oh and just wanted to add.... no accidents the premium goes down 10% per year
You can get basic 3 rd person coverage for less than RD$4000, but you are on the hook for your own vehicle as well as if they sue you...
HB
Any foreigner considering buying a car in the DR that doesn't get as much insurance as available is just asking for some serious, deep peoblems.The $30/year insurance I was talking about is liability to the other persons car but not to passengers riding in his own car.
Is that something worth to consider or?...
I deal with Progresso - the bank. They offer insurance.
Its important to have insurance.... there are a lot of posts about needing a RD driving license, and so on.
Use the search..... they can put you in jail while they investigate if you don't have the right policy.
I don't like the answer you got about " not worth having insurance." I'm sure most here would disagree with that advice...... you'll find out!!
WW
The Dirty Little Secret: if you have overstayed your tourist visa and have an accident, no insurance company will pay the claim.
$30 liability on any car is a joke. It covers nothing. It'd be like moto insurance. And if you're an expat with that $30 coverage, you're gonna be in a world of hurt if you injure someone's property or body.
Car insurance here isn't that different from anywhere else. There are some major players backed by offshore secondary coverage. Can't vouch for the smaller players.
We have the best coverage available from Monumental (one of the biggies) on our '02 XTerra (in Alida's name) for RD$33,000 annually, paid 20% down, 20% each month for 4 months. Marisol Abreau's family is a big Monumental agent in Jarabacoa. She speaks English, go ask her.
oh, and if you have no cars so far i would suggest maybe a pick up - easy way of transporting animals too.
take a look at this page: SuperCarros - Rep?blica Dominicana - compra de carros, venta de vehiculos
it will give you a genaral idea on pricing of any cars you may be thinking of.