Not all car insurance addons will have benefits you can use. Because you are in a unique situation, you should talk with the agents here at BOLT Insurance Agency to figure out which of these addons are really right for you. If you don’t have time to come in, you can use this quick guide to help you figure out which addons are typically the best.
Medical Payments Coverage
Medical payments coverage, sometimes called personal injury protection, can help supplement the health insurance of you and any passengers who get hurt in an accident. This extra policy helps pay for medical expenses no matter which driver was at fault. This addon is most beneficial for drivers who have a high deductible on their health insurance because it can help fill in the gap before that mark is reached.
If you want to reduce how much you have to pay out of pocket in the event of an accident, you may want to consider this extra policy. The vanishing deductible takes effect every year you have a clean driving record. The policy is pretty simple. If you haven’t had any new accidents, your deductible will decrease by a set amount, usually $50 or $100, until it reaches zero.
This addon policy is only necessary for people who have a loan on their car. If you get in an accident, gap coverage will help you pay back your loan even if your car is no longer worth the total amount you still owe. Without this coverage, you may get a payout based on the current value of your car, and then you’d have to pay back the difference on your own. Once your loan is paid off, you can remove this extra policy from your auto coverage.
If your car ends up in the shop after an accident, a rental reimbursement policy can help you pay for a loaner car. It’s important to note this coverage often only takes effect when your vehicle is getting worked on for a covered repair. With a typically low monthly cost, this addon policy can help save you money should you ever need to rent a car.
A roadside assistance addon can give you a wide range of benefits. Not only could this policy give you access to someone who can bring you gas if you run out, but you could also gain access to the following:
- Towing services
- Lockout services
- Flat-tire fixes
- Jump starts
Without this extra policy, you may have to pay out of pocket if you ever end up stranded on the side of the road. Many parents find this addon especially beneficial because they don’t have to worry about their teens getting stranded in the middle of nowhere without adequate money to get back on the road.
Your car insurance should give you peace of mind every time you are out on the road. Here at BOLT Insurance, we want to make sure you have all of the coverages you could ever need. Start comparing car policy addons today to figure out which coverages are right for you and your family.