The mandatory insurance for motorcycles in Guatemala is a reality that has generated various reactions between drivers and the general population.
With the entry into force of the regulations on May 1, 2025, many doubts have arisen with respect to the costs and coverage of these insurance.
While the measure seeks to improve road safety and third -party protection, there is still skepticism about its implementation and compliance with companies that offer insurance. So much so that in the country several groups have blocked roads in search of the Executive repealing these agreements.
Next, current prices and options available in the market are detailed, as well as the date on which Guatemalans could know the cost of insurance that complies with the minimum coverage required according to the agreements.
Current motorcycle insurance prices in Guatemala
Insurers have developed various insurance options for motorcycles, adjusted to the needs and budgets of drivers.
A survey made to several companies revealed the following costs and coverage:
Types of coverage available
- Damage to the insured motorcycle
- Theft of the insured motorcycle
- Coverage for occupants
- Coverage to third parties or property of others
Factors that influence the price of insurance
- Motorcycle use (Personal, messaging, particular driver)
- Driver’s age (over 21 years of age have better rates)
- Model and Year of the Moto
- Motorcycle value
Example of insurance costs for a 2018 model motorcycle, valued in Q12,000:
- Q66.00 per month: Civil liability coverage of Q100 thousand, not including damage to the insured motorcycle. This insurance can be considered as basic.
- Q128.00 per month: Civil liability coverage to third parties of Q300 thousand, including deductibles for damages or theft of the insured motorcycle (between 5% and 25% of the motorcycle value). This option is considered full insurance.
Minimum coverage established in the agreements
He Mandatory insurance against third parties In Guatemala it establishes the following minimum coverage amounts:
- Motorcycles: Q380,060.00, Government Agreement 46-2025
- Private vehicles: Q760,120.00, Government Agreement 47-2025
- Urban passenger transport vehicles: Q1,520,240.00, Government Agreement 48-2025
- Load vehicles: Q1,520,240.00, Government Agreement 49-2025
It should be noted that this insurance It does not cover material damage to the insured motorcycle or to others such as posts or constructions. Its coverage is limited to personal damage, such as death, serious injuries and temporary or permanent disability, both third parties and occupants of the insured vehicle.
While the measure seeks to improve road safety and third -party protection, there is still skepticism about its implementation and compliance with companies that offer insurance.
Another of the situations that has generated controversy is that, to date, the cost of the premium for insurance with mandatory coverage is unknown. The Guatemala Insurance Association reported at a press conference that next week could present commercial prices of this type of policy.