How much is car insurance in Panama?
gabriel illescas
The cost for car insurance in Panama will vary according to the year and brand of the car (value). Also if it's a sports car or a sedan or even a SUV may have an effect on the cost. You may also consider if it is a full coverage or only a third party coverage which is the legal minimum. For a full coverage, sedan, 2013, you may pay about $45 to $60 per month. Consider this as a rough calculation but it shouldn´t be far from reality. If its an older car, costs will...
The cost for car insurance in Panama will vary according to the year and brand of the car (value). Also if it's a sports car or a sedan or even a SUV may have an effect on the cost. You may also consider if it is a full coverage or only a third party coverage which is the legal minimum. For a full coverage, sedan, 2013, you may pay about $45 to $60 per month. Consider this as a rough calculation but it shouldn´t be far from reality. If its an older car, costs will increase.
Posted April 17, 2013
Eira Baca - Carles-Barraza Law Firm
In Panama, the cost for car insurance is determined by many things, including if the car is new or used.
If you buy a second hand or used car, you can buy a basic automobile insurance plan ("daños a terceros"), but if the car is new (for the agency), you have to buy the full insurance, at which point the cost depends or the value or cost of the car, with the policy costing from US $400 or more annually. For example, for my insurance...
In Panama, the cost for car insurance is determined by many things, including if the car is new or used.
If you buy a second hand or used car, you can buy a basic automobile insurance plan ("daños a terceros"), but if the car is new (for the agency), you have to buy the full insurance, at which point the cost depends or the value or cost of the car, with the policy costing from US $400 or more annually. For example, for my insurance coverage here in Panama for my automatic 2013 Hundai i30 with extras, I pay $780 per year.
Posted June 20, 2014
Vannessa Solano
The cost of vehicle insurance in Panama depends on the type of vehicle and the type of insurance you have. However, to give you an idea, the cost is about $120 per year for complete coverage for a motorcycle.
The cost of vehicle insurance in Panama depends on the type of vehicle and the type of insurance you have. However, to give you an idea, the cost is about $120 per year for complete coverage for a motorcycle.
Posted June 30, 2014
David Whittington - Tucan Golf Club and Resort
I don’t know how much it would cost for 
insurance in Panama on a new car, but I can tell you that to insure our older car for liability insurance but with no collision coverage, we pay about US $300 - $400 / year.
One reason that car insurance is so much less in Panama than it is in the US is that the litigation in Panama is negligible when compared with the US. In Panama, people don’t sue as much for damages and personal injury.
insurance in Panama on a new car, but I can tell you that to insure our older car for liability insurance but with no collision coverage, we pay about US $300 - $400 / year.One reason that car insurance is so much less in Panama than it is in the US is that the litigation in Panama is negligible when compared with the US. In Panama, people don’t sue as much for damages and personal injury.
I don’t know how much it would cost for insurance in Panama on a new car, but I can tell you that to insure our older car for liability insurance but with no collision coverage, we pay about US $300 - $400 / year.
One reason that car insurance is so much less in Panama than it is in the US is that the litigation in Panama is negligible when compared with the US. In Panama, people don’t sue as much for damages and personal injury.
insurance in Panama on a new car, but I can tell you that to insure our older car for liability insurance but with no collision coverage, we pay about US $300 - $400 / year.One reason that car insurance is so much less in Panama than it is in the US is that the litigation in Panama is negligible when compared with the US. In Panama, people don’t sue as much for damages and personal injury.
Posted August 2, 2014
Rafael Alvarado - Rafael Alvarado / Attorney / Real Estate Broker
To give you an idea of how much car insurance costs in Panama, I will cite how much I pay for insurance for my car as an example. My car is worth US $20,000 right now and I pay around $450 to $485 per year or $37.50 to $40.42 per month for full coverage, including liability, collision, etc.
To give you an idea of how much car insurance costs in Panama, I will cite how much I pay for insurance for my car as an example. My car is worth US $20,000 right now and I pay around $450 to $485 per year or $37.50 to $40.42 per month for full coverage, including liability, collision, etc.
Posted October 15, 2014
Lucia Haines - Panama Realtor Inc.
Car insurance in Panama is based on the value of the car. I am sure it is done the same way in the States. To give an example, for a car valued at US $20,000, you are going to pay around $1,000 per year for a pretty complete insurance package.
Car insurance in Panama is based on the value of the car. I am sure it is done the same way in the States. To give an example, for a car valued at US $20,000, you are going to pay around $1,000 per year for a pretty complete insurance package.
Posted October 27, 2014
Antonio Cheng - Romero Realty
The cost of car insurance in Panama depends on the make and model of the car, and if the car is new. The cost ranges between US $700 to $800 per year for a car like the Honda C-RV, including collision and liability. For a used car, it could be around $200 to $300 and that covers liability.
The cost of car insurance in Panama depends on the make and model of the car, and if the car is new. The cost ranges between US $700 to $800 per year for a car like the Honda C-RV, including collision and liability. For a used car, it could be around $200 to $300 and that covers liability.
Posted October 30, 2014
Jonathan Stolarz - COSTA LINDA RESIDENCE CLUB
Comprehensive car insurance in Panama for a vehicle that costs around US $30,000 is around $50 monthly. (Volkswagen van with luggage rack on a colorful calle, pictured.)
Comprehensive car insurance in Panama for a vehicle that costs around US $30,000 is around $50 monthly. (Volkswagen van with luggage rack on a colorful calle, pictured.)
Posted July 20, 2015
Jesahely De Janon - Panama Property Attorneys
Car insurance in Panama is around US $600 per year for a car that is around $20,000. Car insurance depends on the price of the car. It is a comprehensive insurance that covers liability as well.Most people have car insurance in Panama because you cannot take your car out without it. A police officer can just choose a car and ask for the car’s registration, your driver’s license and proof of insurance. You should have all the important documents in your car...
Car insurance in Panama is around US $600 per year for a car that is around $20,000. Car insurance depends on the price of the car. It is a comprehensive insurance that covers liability as well.Most people have car insurance in Panama because you cannot take your car out without it. A police officer can just choose a car and ask for the car’s registration, your driver’s license and proof of insurance. You should have all the important documents in your car and have insurance. It is an obligation.
(Chaplain blessing new police cars, Panama, pictured.)
Posted October 4, 2015
Mirhanna Sandoya - Lucero Homes Golf & Country Club
The cost of car insurance in Panama will basically depend on your gender, age, and the type of car that you’re driving. For example, I drive a Hyundai Creta, which is neither an SUV nor a sedan- like a Hyundai Tucson but smaller. I’m a young female, and I’ve never been in a car accident before, so my rate is very low; around US $50 per month for full comprehensive coverage. (Honda Creta, pictured.)
The cost of car insurance in Panama will basically depend on your gender, age, and the type of car that you’re driving. For example, I drive a Hyundai Creta, which is neither an SUV nor a sedan- like a Hyundai Tucson but smaller. I’m a young female, and I’ve never been in a car accident before, so my rate is very low; around US $50 per month for full comprehensive coverage. (Honda Creta, pictured.)
Posted December 13, 2016