While the law does require you to maintain an auto insurance policy for your vehicle, the amount of coverage required by law is rather minimal. In order to ensure that you have adequate coverage, you may wish to consider adding additional coverage options to your policy. Continue reading to learn more about some of the coverage options that you may wish to consider.
Collision & Comprehensive Coverage
A standard auto insurance policy, as required by law, only provides coverage for any damage that you do to someone else's vehicle or personal property. If you are at fault for an accident that results in damage to your own vehicle, you will be stuck paying for this damage out of your own pocket. Adding collision and comprehensive coverage to your policy will ensure that you are covered in the event that your vehicle is damaged. This type of coverage will also ensure you are protected in the event of theft or severe weather damage.
Rental Car Or Roadside Assistance Coverage
If your vehicle breaks down or is damaged and is in need of repairs, you will likely find yourself in need of a rental vehicle until you get your car back on the road. Paying for a rental out of your own pocket can quickly become rather expensive. You can avoid these high costs by adding rental car coverage to your policy. Roadside assistance coverage can also be quite useful in this situation since this coverage will provide you with the help you need to get your vehicle to a repair shop and you to safety in the event of a breakdown.
Uninsured & Underinsured Motorist Coverage
While you are clearly a responsible driver who really takes the time to consider how much auto insurance coverage you truly need, not every driver on the road will be this responsible. In fact, there are an alarming number of people who choose to break the law by driving without any auto insurance at all. If you are ever involved in an accident with one of these irresponsible drivers, you could find yourself needing to pay out of pocket for any repairs your vehicle needs. Adding uninsured and underinsured motorist coverage to your policy will allow you to file a claim against your own policy in the event that the other driver does not have car insurance or does not have enough coverage to cover the entire cost of the resulting damage.
Contact an auto insurance company near you to learn more.