Panama Insurance Company
Serving English Speakers in Panama.
Mandatory car insurance in panama
 
Is Car Insurance required by law in Panama?

From April 2007 the Terrestrial Transportation and Traffic Bureau (ATTT) requires that every vehicle must have an insurance policy.

 

The law requires to have an insurance policy against damages to third parties (Called PIP/PD in the United States)

This policy is required before obtaining a license plate. You can get it from the dealer you buy your car, or your insurance broker.

It usually runs approximately US$122.00.