Car Insurance in Panama
All vehicles licensed in Panama must have liability insurance. Collision coverage is optional however this is limited to newer vehicles only. Older vehicles cannot be insured for collision damage. Car Insurance in Panama is not unlike North American Car Insurance, but generally both the coverage and the premiums are lower. Expats residing in Panama must have their vehicle insured to avoid damages or losses.
Clements Worldwide Auto Insurance
US-based Clements Worldwide has been protecting individuals and organisations since 1947. Many expats in Panama choose Clements’ International Car Insurance for its tailor-made solutions and affordable rates. This plan has coverage for physical damage, political violence (e.g. riots, strikes, terrorism, among others) and third party liability. Expats may request claims be paid in USD or any other major currency.
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