Many people on a budget only get the minimum liability for auto insurance, but if you do this, you could be missing out on ways to save money in the future. While accidents and emergencies are typically rare for each driver, when they do occur, they are huge, costly inconveniences. Find out a few ways to make emergencies a little more bearable through your auto insurance provider.
Many providers offer rental car coverage for just a few extra dollars per month. This allows you to have most of your rental car paid for after an accident. One of the most inconvenient issues to occur after an accident is the lack of a car, leaving you stranded at the scene, and unable to get to work or the grocery store for days or even weeks while your vehicle is fixed. For this reason, paying a little extra each month can be a good idea since it ensures you will not miss work or have the rest of your life disrupted as you wait for vehicle repair. In most cases, your policy pays for at least half or the majority of the daily rental car fee, leaving you to only pay a small portion when you are done. Look into this coverage if you want to reduce your stress after a collision.
Another way to decrease your anxiety after an accident is to reduce your deductible. This is the amount you have to pay to get your car fixed when you are considered at-fault. Most people are already nervous after accidents because they are afraid their premium will increase, or that their coverage is not enough to pay for the damage. The last thing you need to worry about at this point is the deductible, which is why you are urged to lower it if possible, especially if you drive a lot and thus have a higher chance of a collision. Of course, lowering the deductible costs more money upfront or each month, but in most cases, it is not a lot, and spreading it out over several months is often better than paying it all at once after a wreck. Ask your provider how to reduce it, and get a quote to find out how much it would be to do so.
Accidents are not the only thing that can happen on the road. If your vehicle breaks down, you run out of gas, or you have a tire blowout, it is nice to know you have some immediate help with just a phone call. Most auto insurance companies will allow you to add roadside assistance for just a few bucks a month. This means that someone will bring you gas, help you change your tire, or tow your automobile where it needs to go for repairs. Thus, roadside assistance is often worth its small cost.
Auto insurance companies vary widely, so check to make sure your provider offers these extras for little money. Talking to your agent to add these types of help can allow you some peace of mind while driving.