Car insurance in Belize is around US $150 a year for a mid-sized vehicle (commercial vehicles and trucks are a few dollars more), but the insurance doesn’t cover damage to your own car. For example, if you self-destruct your own car then you pretty much eat the cost to fix or replace it. So the insurance covers, if you’re in an accident, costs to cover the other people in the accident. Chasing down the other party or their insurance company can be a little bit of a pain. It’s a little hard to keep up with these people because the insurance companies hate to part with money.
So once again, the car insurance covers liability, collision, and damage to another person’s vehicle. It doesn’t cover your vehicle. If you cause an accident, you are on the hook for the damage to your car. In a few instances that we’ve had, a car hit us and we couldn’t figure out who hit it, so we had to pay to get it fixed. If you are on a public road, it is different than if you are on a private parking lot. Private parking lots aren’t covered. Insurance is a little sketchy here, and is designed more to cover the major incidents.
(Pictured is another good way to get around in Belize other than in a sedan.)