In its simplest sense, auto insurance is smart planning — planning that can help protect you from expensive, sometimes devastating surprises.
Think of auto insurance as part of your total financial plan; a powerful tool that can help:
What is Third Party Insurance?
Third Party is the Government mandated coverage in order to operate a motor vehicle in the Cayman Islands. This coverage provides protection for you in the event you cause an accident where there is property damages and/or bodily injury to anyone else. If you caused property damage to someone in an accident, we would provide coverage up to $250,000 KYD to repair or replace the property for that other person. If you caused bodily injury to someone in an accident, we would provide coverage up to $1,000,000 KYD to any 1 person for a total of $5,000,000 KYD for EVERY person injured in one accident.
Comprehensive Insurance is additional coverage to Third Party Insurance. This coverage provides protection in the event that your own vehicle is damaged as a result of a collision, fire, theft, vandalism, falling object, damaged windscreen, hurricane, flood, and other natural disasters.
Your deductible is the self-elected amount you are responsible to pay first in each and every claim involving your own property damage. Saxon will be responsible to cover the amount over your deductible up to the stated value listed for your vehicle.
A Cover Note is a temporary proof of insurance coverage. It is valid for 15 days and allows you to get a newly acquired vehicle registered and transferred into your name with the Department of Vehicle and Drivers Licensing.
Once a vehicle has been registered into your name with the Department of Vehicle and Drivers Licensing AND you possess a valid Cayman Islands Driver License, then you will be able to obtain a full Certificate of Insurance for the policy period you have purchased.
Saxon will insure young drivers between the age of 17 and 21. The requirements to insure a young driver are:
Restricted Policy – ONLY the specifically named drivers listed on the policy
Open Policy – Typically any driver between the ages of 25 – 75; that possesses at least 1 year of driving experience; that possesses a valid Driver License to operate a motor vehicle in Cayman; and obtains your permission to operate the vehicle.
You may cancel your policy with Saxon at any time during your policy period by returning your original Cover Note/Certificate of Insurance and completing a Policy Cancellation Form. If you have a 12 month policy, you may elect to receive a pro-rated refund by way of cheque, less a 10% cancellation fee. Any policy holder may also elect to transfer their credit to another policy holder OR to leave the credit on their account until they obtain a new vehicle.
Saxon offers the maximum no claims discount to all clients that are accident/incident free WITHOUT the need of obtaining a No Claims Letter from your previous insurance carriers.
In order to insure a motorcycle/scooter, you must have the appropriate endorsement as identified by the Departement of Vehicle and Drivers Licensing:
Group 0 – Mopeds less than 50 cubic centimetres
Group 1 – Motorcycles (which includes mopeds and motor scooters) with cylinder capacity not exceeding 125 cubic centimetres.
Group 1A – Motorcycles with a cylinder capacity exceeding 125 cubic centimetres and includes vehicles in Group 1.
Group 2 – Group 0, motor cars.
You may feel free to give us a call and we can renew over the phone with your debit/credit card information. You may also renew by making an online bank transfer from Cayman National Bank, Bank of Butterfield, or First Caribbean International Bank. We will then be able to email your new renewal documents.
However, you are always welcome to come in and renew with one of our agents in the office on Eastern Avenue, across the street from Uncle Bill’s.
You may feel free to give us a call over the phone with your debit/credit card information. You may also making an online bank transfer from Cayman National Bank, Bank of Butterfield, or First Caribbean International Bank. We will then be able to email your payment receipt.
However, you are always welcome to come in and make a payment with one of our agents in the office on Eastern Avenue, across the street from Uncle Bill’s.
What our customers say about Saxon.
Discover how Saxon's smart, innovative products are improving customers lives.
Two St. Ignatius High School students – Daniel Champoux and Robbie Rutkowski are the November
team of the month winners in the Saxon Investment Club program for the 2017-2018 school year. Their
team, 'Exponential Growth' had the highest return (20.42%) for the month of November among
The ninth annual Saxon Investment Club program for local high school and college students recently launched for the 2017-2018 school year.
Four students from St. Ignatius Catholic School emerged winners of the eighth annual Saxon Investment Club Challenge for local high school and college students.
For the second time in four years, Saxon Insurance has received international recognition for its efforts in leveraging technology to advance its business operations.
Whatever happens, your investment is protected with Saxon’s property insurance policy. Backed by Lloyd's the global insurance leader, your policy is issued by Saxon. We use innovative technology to settle your claims fast.Doing business is always easy with Saxon whether by email, live chat, in-person, or by phone. Saxon is Smart insurance.
Kearney Scott and Brandon Glasgow have been named as the 2016 Employees of the Year for their consistently outstanding performance at local insurer, Saxon.
In another first innovation in the Cayman Islands insurance market, local insurer Saxon has employed the use of drones for data gathering, imaging and surveying purposes of residential properties that the company insures.
The eighth annual Saxon Investment Club program for local high school and college students has attracted a new partner for the 2016-2017 school year.
The Saxon Secret Door Party was held on Thursday, March 10th at the George Town Yacht Club was the crescendo of the Saxon Geo Quote Contest which ran from November 2nd, 2015 until February 29th, 2016. The contest was launched when Saxon announced the addition of Property Insurance to their product line.
Saxon uses sophisticated technology to determine vehicle risks called a Rating Engine. The Rating Engine identifies where a customer’s vehicle was manufactured, what the engine size is, various safety features and even what trim options it has because not all vehicles are created equally.
Thirty-seven people participated in the social media promotion. The contest called for Cayman motorists to submit photos of their damaged vehicles to the ‘Saxon Fix My Ride website’. Contestants requested their friends to vote for them and shared their photos. At the conclusion of the contest there were a total of 7000 “likes’ and over 11,000 unique visitors to the contest site
Dozens of high school students will be spending the next six months trading stocks, managing investments and learning about the financial markets, as part of the Saxon Investment Club programme for high school and college students.
World Record holder, Olympic Gold Medalist and arguably the fastest man in the world Usain Bolt touched down at Owen Roberts International Airport yesterday day morning on a Cayman Airways 737 from Kingston Jamaica to unprecedented fanfare requiring crowd control
Attention Wall Street, Bay Street, Portugal and Greece: your future and recovery just might lie in the hands of a handful of student investors in Grand Cayman. That's right - an extracurricular group of young students have found that their investment portfolio is up by more than a hundred percent
One of the Saxon Investment Club groups calling themselves Modern Day Investors would appear to have something to teach the portfolio managers of Toronto, New York and London. More impressive is their leading streak for four months running.
This is the second consecutive year that the Cayman Islands will join the rest of the world in honouring the achievements and positive contributions of men and boys. A generous community donation by Saxon made these activities possible.
Saxon has commenced its annual Drivers Education Programme in partnership between Saxon Motor and General Insurance Company, Prestige Motors, Cico Avis Rental Car Company, the Department of Vehicle and Drivers Licensing (DVDL) and the Ministry of Education.
Saxon is sponsoring the Cayman Islands Motorcycle Riders Associations (CIMRA) 2012 Toy 4 Tots Toy Drive running December 3 through 12, 2012. New, unwrapped toys can be dropped off at Saxon Centre and will benefit local families.
Saxon a wholly owned Caymanian company and the leading insurance provider serving the Cayman Islands have named the grand prize winner of its License To Win contest held during the recent Pirates' Week events; Henry Ferguson of George Town
Based out of Cayman Islands Saxon, have helped finance the FC International football training camp in the Cayman Islands. Founded in 1993, hundreds of youth ages 6 to 16 from across the Cayman Islands have participated in the football camp learning fundamental skills and athletic leadership.
An elite group of students are about to once again prove that it's never too early to start managing your money. This year's Saxon Investment Club was launched on October 1st to local high school and college students ages 14-19;
Saxon announced today the winner of its I'm Saxon and I Know It! social media contest. In celebration of the release of Saxon's recent television commercial launch,
Saxon (Saxon), a leader in insurance and buy online services, announced today its partnership with Brac Insurance as official partners in Cayman Brac to expand services for the firm's growing customer base in the Cayman Islands.
VVolunteers from the Cayman Islands Animal Humane Society (CIHS) had an incredibly challenging couple of months with storms flooding the shelter areas leaving enclosures uninhabitable for the many cats and dogs living there.
Saxon Motor & General Insurance Company Ltd. began its public school drivers education programme with co-sponsors dms Organisation Ltd., Prestige Motors, Avis, the Cayman Islands Ministry of Education,
You don’t need to come in if you wish to renew your policy or change your address. Manage your policy online.
Start the claims process by filling out our easy claims reporting form online. A representative will follow up with you soon.
Get helpful tips from Saxon about safe driving in the Cayman Islands.