While liability, comprehensive, and collision coverage are all important components of many auto insurance policies, they're far from the only coverage options available. In fact, many car insurance carriers offer a wide range of "extras" that can provide you with added protection and peace of mind while you're behind the wheel. By having a better understanding of what these extras are and how they work, you can make an informed decision regarding which may be right for you.
If you've recently purchased a brand new car (or plan on doing so), gap coverage can be a smart addition to your auto insurance policy. Specifically, this type of coverage provides you with reimbursement for the full value of your car when you bought it new. This way, if it gets totaled shortly after you drive it off the lot, you won't have to worry about depreciation affecting your ability to pay off your auto loan balance.
If your car breaks down or you run out of gas, roadside assistance coverage can really save the day. For usually just a few bucks per month, roadside assistance can be added to most auto insurance policies. And while exact inclusions may vary from one carrier to the next, many roadside assistance policies will include things like free towing up to a certain mile radius, free battery jumps, and even help with changing a tire on the side of the road.
Rental Car Reimbursement
If your car breaks down or is involved in an accident, it might be in the shop for a few days or even longer. During this time, you still need a car. This is where rental car reimbursement coverage can come in handy, covering the cost of your temporary rental car while your vehicle is in the shop so you don't have to pay out-of-pocket.
Underinsured/Uninsured Motorist Coverage
If your current policy doesn't include any underinsured/uninsured motorist coverage, now is the time to add this "extra" to your account. Otherwise, you may be out-of-luck if you're involved in an accident with an underinsured or uninsured driver. And when you consider the fact that about 13% of drivers in the United States are thought to be uninsured, you can quickly see the value of having this coverage.
As you can see, there are a few extra coverage options you may want to consider for your auto insurance policy. With these extras come lots of added peace of mind and protection!