Insurance in Argentina

There are several types of insurance available in Argentina, including: Life Insurance, Car Insurance, Home Insurance, Travel Insurance, and Health Insurance. Car insurance is required by Argentine law for all drivers, and proof of insurance is demanded from drivers upon crossing the border in a vehicle from a neighboring country.

Travel insurance, including flight insurance covering missed flights, is a necessity for tourists who are visiting Argentina. Both public and private health care systems exist, about 28 million who are employed obtain their health insurance through the unions, while around 2 to 5 million are privately insured, the remainder must rely on public health care services. However, both health care and insurance costs in Argentina are many times cheaper than they are in the United States – it costs no more than the equivalent of about 45 US dollars for health premiums.

For excellent quality care the doctors even make house calls. The Argentinean life insurance market is expected to rise in coming years, other insurance markets have tended to stagnate somewhat, despite the entry of several foreign competitors. In fact, the Argentine government bank recently ordered insurance companies to repatriate foreign investments back to Argentina.