When reaching out to an auto insurance provider for a quote, you will have to decide whether to accept or decline a variety of different types of coverage. While it is important to ensure you have adequate auto insurance coverage, it is equally as important to make sure you are not paying for coverage that you don't need. That is why you must take the time to familiarize yourself with each type of optional coverage so that you can ultimately select the coverage options that are best suited to your needs.
Collision/ Comprehensive Coverage
While collision/comprehensive auto insurance coverage is often required by lenders when financing a vehicle, this type of coverage is optional for individuals who own their vehicle. The reason why many lenders require this type of coverage is that collision and comprehensive coverage help to ensure they do not lose out on their investment if the vehicle is damaged or destroyed in an auto accident or any other type of disaster. For this same reason, it is often a good idea to include collision and comprehensive coverage in your insurance policy if you have a vehicle with significant value. In general terms, the more money your vehicle is worth, the more likely you are to benefit from opting into this type of coverage.
Uninsured Motorist Coverage
The law requires that every vehicle on the road is insured. However, just as there are people who choose to break laws regarding a variety of criminal acts, there are those that break the law when it comes to carrying auto insurance. If you are ever involved in an accident with one of these individuals, you will not have the legal recourse of filing a claim against their insurance coverage for any damage they may have caused to your vehicle. Uninsured motorist coverage helps to ensure that you are still covered for this loss by allowing you to file a claim against your own coverage. For this reason, it is a good idea for all drivers to opt into uninsured motorist coverage.
Roadside Assistance Coverage
If your vehicle ever breaks down on the side of the road or you happen to run out of gas, having access to a roadside assistance program can provide you with the help you need. While you can choose to purchase this type of coverage by itself, it is often far more affordable to simply add this coverage to your auto insurance policy. Consequently, if you do not already have roadside assistance coverage through another venue such as your car warranty, you will want to consider adding this coverage to your auto insurance policy.