Auto Insurance in Ecuador
SOAT mandatory coverage, comprehensive policies, and everything you need to know about insuring your vehicle in Ecuador.
SOAT is mandatory for all vehicles in Ecuador
Every vehicle must carry SOAT (Seguro Obligatorio de Accidentes de Tránsito). Driving without SOAT results in fines and vehicle impoundment. It costs $30–$60/year depending on vehicle type.
Mandatory Coverage
Understanding SOAT
What SOAT Covers
- Medical expenses for accident victims (up to $2,500)
- Death benefit ($5,000 per victim)
- Disability payments
- Funeral expenses (up to $1,000)
- Covers all vehicle occupants and pedestrians
SOAT Costs by Vehicle
Purchase at Seguros Sucre, banks, or authorized agents
Optional Coverage
Comprehensive Auto Insurance
Beyond SOAT, comprehensive insurance covers theft, collision, natural disasters, and third-party liability. Highly recommended for all vehicle owners.
What Comprehensive Insurance Covers
Theft & Robbery
Full vehicle replacement value if stolen
Collision Damage
Repair costs from accidents regardless of fault
Third-Party Liability
Damage you cause to other vehicles or property
Natural Disasters
Earthquake, flood, landslide, volcanic damage
Fire & Explosion
Vehicle fire from any cause
Towing & Roadside
Emergency towing and roadside assistance
Glass Replacement
Windshield and window repair/replacement
Top Auto Insurance Providers
Seguros Equinoccial
Largest auto insurer. Part of Zurich Group. Most comprehensive coverage options.
3–5% of vehicle value/year
Liberty Seguros
Part of Liberty Mutual. Competitive rates and good claims service.
3–4.5% of vehicle value/year
Seguros Sucre
Government-owned. Lowest rates. Also handles SOAT.
2.5–4% of vehicle value/year
Tips for Auto Insurance in Ecuador
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