You've decided on the auto insurance company to go with, a rate that suits you and coverage that, well, covers you. What about all of those auto insurance extras that your agent keeps referring to? Are they needed? Below we discuss the auto insurance extras you may not be familiar with, what they mean, and whether or not you actually need them:
* Rental Car Reimbursement: One of the most common auto insurance extras, rental car reimbursement is coverage offered in the case that your car is stolen, in an accident, or vandalized. Rental car reimbursement is generally limited to a certain number of rentals per year and cannot exceed a set rate per day. Once you meet that rate, you must pay for the rental out of your own pocket.
* Towing Coverage: Another frequent auto insurance extra, towing coverage, includes towing your car to an approved repair shop when your vehicle breaks down, changing of flat tires, the delivery of gasoline if you run of out gas or a spare battery if yours dies, and mechanical repair.
* Full Glass Coverage: A crack in your windshield caused by a rock to a shattered windshield from a car accident, full-glass coverage ensures that your windshield will be replaced or repaired.
* Emergency Road Service: Similar to towing coverage, emergency road service coverage also includes jump start services, lockout service, fuel and water delivery, mechanical aid, and battery service.
* Underinsured Motorist Protection: This auto insurance extra, underinsured motorist protection, protects you when you're involved in an accident with a motorist who happens to be uninsured or underinsured. This coverage would include medical payment costs, lost wages and pain and suffering. While underinsured motorist protection is required in some states, in others, it is considered an additional or extra option.
* Medical Payments: Medical payments coverage ensures that your medical expenses or funeral costs are covered in the case of an accident. Note that each of these extras has it's own deductible, so keep that in mind when adding these coverage's to your policy - not only will your premium go up in order to include the additional coverage, but you will be expected to pay a set amount in order to use the benefits of the coverage. Auto insurance extras like medical payments don't make sense in all instances, especially if you have a health insurance plan that covers automobile accidents. Check with your insurance agent or health insurance provider to find out if this option makes sense to your situation.
* Bodily Injury Liability: If you cause an accident that injures or kills another person, bodily injury liability will assume the expenses associated to the accident, from medical expenses to lost wages.
* Property Damage Liability: If a home, automobile or personal property is damaged in an accident that you caused, the property damage liability will cover the expenses incurred.
* Personal-injury Protection (PIP): Note that in states with no-fault insurance, personal-injury protection is often a required coverage instead of an auto insurance extra. PIP covers medical expensive more extensively than the lesser "medical payments" coverage.
If you are considering any of the above auto insurance extras, check with your insurance agent to determine whether you truly need them. Figure out how these extras will benefit you and if they can save you money in the long run