Every state in the nation has rules and regulations
about the things that you must have on your auto insurance. There are minimum
liability amounts that are required, and certain coverage that drivers with
financed vehicles must have. However, have you considered what other things you
can add to your auto insurance that may be worth your time and money?
Roadside
Assistance
While many drivers do not think that it will happen
to them, accidents happen and cars break down. This is where roadside
assistance swoops in to save the day! This type of auto insurance add on
includes towing assistance and mobile repairs in case you find yourself on the
side of the road with no other alternative. The mechanics employed by the
roadside assistance crew are equipped to gas up your car (you would be
surprised at how often drivers run out of gas on the road), change tires and
assess problems. Sometimes however, the problem is not something that can be
repaired while your car is on the side of the road. If this happens, you will
be towed to the closest car repair facility. Even though the chances of this
type of luck befalling you, not having roadside assistance coverage is really
not worth the risk. It is better to be safe than sorry!
The
Vanishing Deductible
This auto insurance add on has just recently become
more popular as the large insurance companies have been doing some heavy
advertising connected with it. This add on is offered as a premium policy and
is something that is definitely worth adding on. The vanishing deductible works
by subtracting a certain amount of money from your original deductible each
year until the deducible is nothing. It simply vanishes as the name suggests.
It may take a few years to get down to zero, but how wonderful would it be if
you needed to file a claim and had no deductible? There is a catch to this add
on though. In order for your auto insurance company to keep lowering your
deductible each term, you have to keep a clean driving record. If you get in an
accident that is your fault, things are reversed and you must start at the
beginning again. However, if you get in an accident that is not your fault and
are using your company to get your vehicle repaired, you pay the lower
deductible rather than the original and your deductible will still continue to
vanish.
Gap
Insurance
This type of add on insurance keeps you protected if
you get in an accident and the insurance payoff is not enough to pay off your
vehicle. In a case like this, your company will pay it off for you as long as
you have gap insurance. This may or may not be in your favor. It depends upon
the condition of your car right before the accident. For instance, if you still
owe $10,000 on your car, but in reality it is now only worth $7,000, this is
all the insurance company will pay.
When shopping for insurance, be sure to consider
these add on’s and find out if they are right for you.
By: Shift Insurance
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