From my good friend, Bob Askew............
The auto title change process in Pma is a 3-step process:
Step 1 is a trip (buyer and seller go) to one of the Municipio offices (it's not DMV). The Municipio office in Balboa (old CZ) next to the Niko's Cafeteria is usually convenient and opens early (7 a.m. I think)
In order to obtain a TENTATIVE quote for automobile insurance here in Panama, we will need the following information:
Make, model, year, current $$$ value of the vehicle, name, passport/cedula number, date of birth of the owner.
Do any of the driver's have a Panamanian driver's license? NEW CAR? If you have a proforma invoice....we can cover before you put the key in the ignition!
We can cover your new car before you put the key in the ignition! In order to issue an automobile insurance policy, we will need the following information:
According to Angel Reyes, III, of RB&R:
Texting while driving now kills more teenagers than driving while intoxicated. Over 3,000 teens died in 2013 while they tried to send a text message when they were behind the wheel of a car. Approximately 2,700 teenagers died as the result of driving while intoxicated.
Standing in the middle of the road under the blazing sun or in pouring rain, horns beeping, traffic backing up.......all because you have just had a collision on the streets of Panama! BE PREPARED!
In Panama Auto policies, the "Liability" or "Responsabilidad Civil" portion protects you for damage that your car does to others…damage for which you are legally liable. This coverage pays for bodily injury that you may cause to other persons, as well as, legal defense, cost of bail bonds, and emergency first aid to others.
According to a local news source: "Beginning in February, police and traffic inspectors will be testing a technological program to verify the status of a car’s insurance policy and soon reporting an accident will be automated. Traffic cops will enter the license plate number into a mobile unit and the system will indicate if the car has a VALID policy something that is mandatory by law. If the car does not have a current policy it will be TOWED".
Although most vehicles sold in Panama do NOT have US specs, you must still consider the import duties when assigning an agreed value to your automobile.
Visit these sites to get an idea of the current value of your vehicle. I use 33102 (Miami) as a Zip Code.
To obtain a custom designed quote after you calculate the $$$ value of your vehicle, email us or call.....Kevin 6674-1063
This is a link to check your driving record here in Panama. You will need to have your drivers license handy to submit the control number (small numbers on lower right side):