Additional Considerations
Additional coverage can be added onto your car insurance policy for an additional fee. These add-ons vary from carrier to carrier, and the way in which they are added to your policy can vary as well. The most popular add-ons are:
- Rental Reimbursement, which covers any rental vehicle you may need after your vehicle is damaged or stolen;
- Towing and Labor coverage to handle the cost of a breakdown on the road; and
- Gap Coverage which protects the value of your new vehicle in the event it’s totaled in an accident by paying the difference between the actual cash value you receive for the car and the amount left on your car loan.
Be Ready to Show Proof of Insurance At Any Time
You don’t need to be in an accident to be asked for your insurance card. You’ll need it when you’re registering your vehicle and any time you’re pulled over by the police. It is a good idea to keep the card inside the vehicle at all times, rather than carrying it with you in your wallet. That way the proof of insurance and the vehicle will always be together, no matter who is driving.
The consequences of driving without coverage include hefty fines, driver’s license suspension, and jail time. When you think about it, driving uninsured is an expensive way to save money. Don’t do it.