Highs and Lows of Car Insurance Add-Ons
Choosing the right insurance has always been a complex job for any car owner. There are innumerable insurance companies who are ready to reach out to us. They are good at convincing us of the best deals, the company has got for us. Sometimes, it is so captivating to our senses that we take the deals offered to us and tend to regret them later.
It is better that we always do an analysis in regards to insurance companies. Compare all the deals available in the market for a better prospect before we insure. When we have zeroed in on one company to insure our cars with, we need to know about the add-ons available as well. It is a fact that each insurer will definitely have some or the other kind of customized insurance for us.
A business will reach its highest peaks when there is a sale of its product. The salespeople find ways to make us buy it even if we are not going to use it. That is a business tactic that each company deals with on a regular basis. So, how an add-on to our insurance cover will be of any use to us? Will it be worth, it if we are going to pay for it?
If we give a closer look into this, we can see that, we will be paying a few extra dollars for this. Insurance is for the purpose of any property damage or accidental damage. All we want to have is that, if in case we create any damage, it is covered by our insurance. This is just what we want our insurer to do for us, then why go for these value-added services?
Let’s go ahead and give a closer look at what are the ups and downs of car insurance below:
Guaranteed Auto Protection
This is one of the services which is an add-on to our insurance cover to save some money. When we lease out our car and do not drive it for our own personal use. Then it is better that we enable this, as it will help us to save a few thousand dollars. We can buy this add-on at $100 per year, which is a reasonable cost. Paying it as a whole along with the insurance will be of lesser cost than paying it separately.
Stranded in the middle of the road, Help is provided
We want to for a long drive to an intercity state; everything is fine and good to go. So, what do we do? Hit off the road and start to enjoy the drive in the cool evening breeze. But, suddenly our car comes to a standstill and all our plans come crashing down. That doesn’t sound any good for a traveler, right? So, the insurance companies are here to help us in this kind of crisis.
Roadside assistance has a pretty reasonable cost and is just a few dollars a month. It will be helpful for us in the long run if we tend to travel long distances on a regular basis. A few companies provide this service along with their own service at a low cost. Network carriers, plastic money lenders, and membership of a motor club provide this service. So, it is better that we check them and if needed to enroll for this service.
Drive safe and deductibles will be reduced
Driving safe is what each one of us would like to do, but due to certain circumstances, it doesn’t happen so. Driving safely will help us to reduce the deductible set on our insurance cover. In most cases, the insurance companies do reduce the cost of our deductibles. In case we maintain a record of safe driving and no accident year.
Not insured, do not worry
Insurance is a must for any car owner, without insurance we could face a lot of problems. There are a few cases where people are not insured and accidents do happen. It is recommended that we enable a service that does not cover the collision insurance service. There are a set of restrictions on the uninsured motorist property damage add-on service.
A few insurance companies in certain parts of the country ask for the deductible in regards to this service. A limit is set for the companies, which will cover the damages. Some of the companies do cover for the damage to the entire car, so we need to be wise enough before we get this service.
Until now, we have been seeing the positive aspects of the add-on services which the insurance companies provide us. Let’s look at the other side of the coin and get to know about the pitfalls of car insurance.
Is it worth paying?
It is a well-known fact, that these services will help us at some point in time. But, if we never had a chance to use any of these services, aren’t we wasting more money? In which way is this all going to be helpful to us, it is said that we can save money. So, are we really doing so? Many questions are being raised in regards to this add-on service.
Car insurance at a low price
Insurance for our car at a low price is good and affordable as well. But, behind this thing, we need to consider the reason for low-cost insurance. If a company is providing us insurance at a low price, it will cover the third party damage and personal damage if it is comprehensive insurance. We need to check will it cover theft and wreckage in any case.
Knowing the right deals
We should not fall for all the deals which are put up for us by the insurers. Double-check the details provided by them, whether they are genuine or not. Is the deal liable for us? Comparing their deals will give a clear picture of which one will be better to choose from. It will save us more time and money if we can zero in on the right insurance company.
Checking out the popularity
Check out the rating given by the customers to the company, which will speak volumes. A review of a customer’s experience will give us the information required. Before, we go ahead and pay for a particular insurance company. It is better that we do a complete background check of the services provided and customer experiences as well.
Have a better understanding
An understanding of what we are going to buy will help us to know what we are getting ourselves into. It is a fact that insurance has always been a complex subject for anyone to understand. Complete knowledge of the insurance and policy terms will give us clarity. Take some time and get to know about it completely, so that we are not regretting our decision.
Pay wisely for the premium
There are options for us to pay our premium; we can pay for it on a monthly basis or annually. So, if we decide to pay on a monthly basis, it may lessen our expenditure. But if we give a closer look at it, actually it is not helping us to reduce the expenses. If we add the payment for each month, we can see that it’s more than the annual payment. Hence, it is better that we pay our premium installments on a yearly basis to save money.
Stay truthful; it will help us in a long run
The information which we are furnishing with our insurance company has to be genuine. False information about the usage or the purpose will get us in trouble. It is better that we are not lying in regards to the information provided to the officials. Insurance is for our own safety and we need to be careful about it.
Now, we are aware of what needs to be done when we are buying insurance for our car. It is up to us to choose which kind of insurance we would like to pay for and reap the benefits from it.
Author Bio
Anand Rajendran is the CEO and Co-Founder of Gracie, a company that offers the best app development services for android and IOS phones. A digital marketer by profession, he aims at implementing the latest ideas in internet marketing and mobile apps. Rideyo Script is the recent uber clone script mobile app from his company that fulfills the exact needs of the taxi business with advanced features.