In contrast with the United States , getting insurance for your car in Panama could be very affordable and easy. The paperwork is simple. You just fill out a form with your personal information as well as your car's info with a broker's assistance or any representative of the insurance company.
To get car insurance is pretty simple. The moment you buy a car from the dealer, even if it is a new or used car, they will ask you if you want to purchase auto insurance from the dealer. In the event you buy the car from a private owner, you can contact a company like panamainsurancecompany.com
To insure your car here in Panama , you will only need the “Registro Unico del Vehículo” (Vehicle Registration Form) given by your auto dealer. With this document, you're ready to contact your insurance broker or company.
Panama has two types of auto insurance: the one with minimum limits of liability (required by law) and another type with full coverage. The insurance with full coverage includes the one required by law plus benefits. Its cost may vary depending on brand, model, year and market price of the car. If your car was made before 2000, an inspection is needed. This inspection can be done by a representative of the insurance company who will take pictures of your car to make a report.
-Don't move your car
-Call your insurance company, they will send a representative.
-Stay calm. Don't go anywhere until the police and your insurance representative get there.
-Write down the plate number and description of the other car.
-In case of personal injuries, tell the insurance representative about it so he can send an ambulance.
-Have your medical insurance and your relative's telephone numbers handy.
The fast growing of Panama City carries the fact that the traffic is getting worse. When driving in Panama be aware of the rush hours that goes in the morning from 7 to 9 am and in the afternoon from 4 to 7 pm.
The “Corredor Sur” ( South Highway ) relieves the traffic jam during the rush hours. The cost of toll is US$1.40. At the end of the year the “Corredor Norte” is going to be ready working with the same conditions as the Corredor Sur.
