Auto insurance in Nicaragua works reasonably well, and even the most common makes, like Toyota or Hyundai, should be individually quoted with all five insurance companies to obtain the best rates and policy conditions.

Some Nicaraguan Insurance companies offer promotions or special policy discounts which are not well-promoted or published to the public, so it’s essential to have your broker complete a thorough review.

Fleet discounts are offered by most Nicaraguan  Company underwriters and begin with a minimum of five (5) vehicles insured under one policy.

Brands such as Ford, Chevy, Volkswagen, Range Rovers, BMW, and Mercedes,  are often charged slightly higher premiums and/or have higher deductibles.

Nicaraguan auto insurance available includes:

• Collision coverage for your car
• Rental reimbursement coverage
• Auto liability insurance
• Extraterritorial coverage*
• Medical payments for occupants
• Lower auto glass deductibles
• Robbery**
• Towing

*Extraterritorial coverage is used when a person drives an insured vehicle to another country such as Costa Rica or Honduras.

** Robbery coverage in Nicaragua only covers the total robbery of the vehicle. Therefore, it does not provide coverage for stolen hubcaps nor fog lamps.