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Beyond the Basics: Personalized Auto Coverage

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While all drivers need auto insurance, your coverage isn’t a “one-size-fits-all” proposition. Drivers are as unique and distinct as their personalities, so your coverage solutions should be tailored to your personal driving situations, vehicle type, and travel needs. To be best protected, you should step beyond basic coverage with solutions such as add-ons, riders, and specialized policies. Read on for information about just some of the solutions your local We Insure agent can customize just for you.

 

High roller? Get gap insurance. Gap insurance covers the difference between the actual value of a vehicle and the amount still owed on your auto loan in the event it’s totaled or stolen. It can be especially useful for more expensive new vehicles that might depreciate faster than you can pay down the loan.

 

Frequent traveler? Try roadside assistance. If you spend a lot of time on the road, the last thing you want is to be stranded with an auto emergency. Roadside assistance provides services such as towing, tire change, and jump-starts if the insured vehicle breaks down — whether you’re in your neighborhood or far from home.

 

Motor modder? Cover custom parts & equipment. If you’ve tricked out your ride, you may need more than the minimum to protect your investment. Consider custom parts and equipment coverage for aftermarket modifications and installations on the vehicle, such as enhanced audio systems or custom wheels.

 

Brand buff? Secure OEM endorsement. This coverage guarantees that only original equipment manufacturer (OEM) parts will be used for repairs. You can also consider new car replacement insurance: If a new vehicle is totaled within a certain time frame after purchase, this add-on coverage ensures it’s replaced with a brand-new car of the same make and model.

 

Road rookie? Seek accident forgiveness. Everyone makes mistakes, so protect yourself from getting penalized for your first. Accident forgiveness can prevent rates from increasing after the policyholder’s first at-fault accident. And if you remain accident-free, a vanishing deductible clause can reduce the deductible for every year the policyholder goes without a claim.

 

Carpool capitalist? Implement ride-sharing coverage. If you’re getting into the ride-sharing business, you need coverage specifically for drivers who use their personal vehicles for services like Uber or Lyft. Traditional auto policies may not cover accidents that occur while driving for commercial purposes.

 

We Insure can help you secure the right coverage to support every driver’s unique coverage needs. Call your local agent to step out of a one-size-fits-all policy and into a custom-tailored coverage package today. We Insure offers choice and value to road warriors of all types across the U.S. We’ll give you a fast and free custom quote from top insurers in your area. Stop by or call your local agent today!

 

Sources

https://www.forbes.com/advisor/car-insurance/gap-insurance/

https://finance.yahoo.com/personal-finance/custom-parts-and-equipment-insurance-160731485.html

https://www.autoinsurance.org/best-auto-insurance-companies-that-offer-oem-parts-coverage/

https://www.forbes.com/advisor/car-insurance/vanishing-deductible/

https://www.forbes.com/advisor/car-insurance/new-car-replacement/#:~:text=What%20Is%20New%20Car%20Replacement,if%20your%20vehicle%20gets%20totaled.

https://www.forbes.com/advisor/car-insurance/rideshare-insurance/

https://www.forbes.com/advisor/car-insurance/pet-injury-coverage/

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The information contained in this page is provided for general informational purposes only and may not be applicable to all situations. We Insure makes no guarantees of results from the use of this information.