When purchasing auto insurance, you’ll often encounter add-on coverage options. These add-ons provide additional benefits, but they come at an extra cost. Here’s a guide to common auto insurance add-ons and whether they’re worth it for you.
Roadside Assistance
Roadside assistance covers towing, flat tire changes, jump-starts, and fuel delivery in case of breakdowns. If you frequently drive long distances or travel through remote areas, this is a valuable add-on for peace of mind.
Rental Car Coverage
This add-on helps cover the cost of a rental car if your vehicle is in the shop after an accident. It’s worth considering if you rely on your car daily and want to avoid added expenses during repairs.
Gap Insurance
Gap insurance pays the difference between your car’s depreciated value and the remaining loan amount if your vehicle is totaled. It’s ideal for drivers who financed a new car or whose loan balance exceeds the car’s market value.
Personal Accident Cover
This add-on provides extra financial protection for medical expenses due to an accident. It’s especially helpful if your health insurance doesn’t fully cover accident-related injuries.
Comprehensive Add-Ons
Comprehensive packages include options like windshield replacement, engine protection, or theft coverage. These are ideal if you live in areas prone to harsh weather, theft, or other potential risks.
Are They Worth It?
The value of add-ons depends on your driving habits, car usage, and budget. Some add-ons, like roadside assistance, are universally helpful, while others, such as gap insurance, are beneficial only in specific situations.
Conclusion
Auto insurance add-ons can provide valuable benefits for certain drivers. By evaluating your needs and considering each option, you can decide which coverage adds value to your policy without overspending.
