Anyone have DR Car/SUV insurance? Full coverage?
Yes.
What is the cost? Is it paid monthly? quarterly? annually?
Cost varies with two things A) The value of your vehicle; B) Amount of coverage.
I am not sure if they offer payments as I pay mine in full when due.
[/QUOTE]What are the best companies for this?[/QUOTE]
Hard to say as I have not yet made a claim.
But quotation amounts can vary widely depending on the company.
I just received renewal quotes for my 2007 Toyota Corolla and they are:
500,000/1,000,000 pesos coverage including collision, glass, casa de conductor, etc.
Banreservas: 20,961;
Colonial: 23,958;
Mapfre BHD 36,628:
Sura: 38,083;
Universal 41,123
As you can see, there is a wide disparity between the high and low (double)
1,000,000/2,000,000 coverage as above:
Colonial 29,484;
Mapfre BHD 38,959;
Sura 39,127;
Universal 41,765
Do they actually pay a claim if filed or just take your money and leave you high and dry in an accident?
Fortunately or unfortunately, I have not found out.
Perhaps others can weigh in who have actually used some of these companies and can provide insight into the quality of their claim/payout processes.
Respectfully,
Playacaribe2