What is Mexican Auto Insurance?
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Mexican auto insurance is when you don’t have auto insurance but you have decided in advance that if you ever get in an accident you will drive away. If possible, before the police can arrive. Named after Mexican illegal immigrants propensity to commit “hit and runs”.
"I got in an accident yesterday. It's cool, I have mexican auto insurance."
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Derived from someone who in the poker world is known as a "cooler", someone that has bad luck to make other people lose. Mr. F..