Hi. No it will not. You will find that the rental rates in Mexico are very low indeed. So you should budget up to an extra $10 per day for the mandatory Mexican insurance. There are many stories that circulate on the internet about Hire Car insurance in Mexico. They make it very difficult indeed to avoid taking their insurance at the desk on arrival. For example, your bank and/or Credit card provider would need to write a letter to confirm that coverage is provided in Mexico.