Insurance Curator 
Add-on covers in auto insurance: Are they worth it?
Introduction
When it comes to auto insurance, most of us are familiar with the basics: liability, collision, and comprehensive coverage. But what about those extra add-ons that insurance companies offer? Are they worth the extra cost? In this article, we’ll take a closer look at some of the most popular add-on covers and whether they’re worth considering for your auto insurance policy.
Roadside Assistance
Imagine this: you’re driving down the highway, and suddenly your car breaks down. You’re stranded on the side of the road with no idea what to do. This is where roadside assistance comes in handy. For a small additional fee, your insurance company will provide services like towing, jump-starts, and tire changes. It’s like having a personal mechanic on call 24/7. But is it worth it? If you have an older car or frequently travel long distances, roadside assistance can be a lifesaver.
Rental Car Reimbursement
You’re on your way to an important meeting when you get into a fender bender. Your car is in the shop for repairs, and you need a way to get around. Rental car reimbursement can cover the cost of a rental car while your vehicle is being repaired. It’s a convenient option, but it’s not for everyone. If you have access to public transportation or another vehicle, you may not need this coverage. However, if you rely on your car for daily transportation, rental car reimbursement can be a valuable addition to your policy.
Gap Insurance
Let’s say you buy a brand new car and drive it off the lot. As soon as you do, the value of your car drops significantly. If you get into an accident and your car is totaled, your insurance company will only pay the current market value of your car, not what you paid for it. This is where gap insurance comes in. It covers the difference between what you owe on your car loan and what your car is worth. It’s especially useful for those who have a high loan balance or lease their vehicle.
Personal Injury Protection
Personal injury protection (PIP) covers medical expenses and lost wages for you and your passengers if you’re injured in an accident. It’s required in some states, but optional in others. PIP can be a valuable addition to your policy if you don’t have health insurance or if your health insurance has high deductibles or co-pays. It can also provide coverage for things like rehabilitation and funeral expenses.
Custom Parts and Equipment Coverage
For those who love to customize their cars with aftermarket parts and accessories, custom parts and equipment coverage is a must-have. It covers the cost of repairing or replacing custom parts that are damaged in an accident. Without this coverage, you could be left paying out of pocket for expensive modifications. If you’ve invested a lot of money into customizing your car, this coverage can give you peace of mind.
Conclusion
Add-on covers can provide valuable protection and peace of mind, but they’re not for everyone. It’s important to consider your individual needs and circumstances before deciding which add-ons are worth the extra cost. Whether it’s roadside assistance for an older car or gap insurance for a new lease, these additional coverages can save you money and hassle in the long run. As with any insurance decision, it’s important to do your research and talk to your insurance agent to determine what’s right for you. With the right add-on covers, you can ensure that you’re fully protected on the road.