If you live in Washington, DC and have to drive around the city every day, you know how crazy traffic can be. Not only is the normal traffic of drivers who live in the area, but there are also a large amount of visitors and tourists driving around and adding to the congestion.
Anytime you have very crowded roads, your chances of getting into an accident increase. Consequently, if you are driving around Washington DC, you should buy a very comprehensive auto insurance policy and also consider including some of the add-on benefits that are available from your insurance provider.
If you are driving a new car and are making payments to the finance company, you may want to consider buying Gap insurance. Gap insurance can help you avoid a big financial loss if your car is totaled or stolen and you owe more on the car than it is currently worth. If, for example you still owe $20,000 on a three year old car that is only valued at $12,000 after three years of depreciation, you could be on the hook for $8,000 if your car is totaled and your auto insurance only pays out the maximum claim amount of $12,000. With Gap insurance, the remaining balance will be paid off by your carrier and you can start with a fresh slate.
Roadside assistance is a valuable add-on because it will cover towing and basic roadside service like changing a flat tire or bringing you gas if your tank is empty. However, if you already are a member of an auto club like AAA, you should not waste any money buying what is essentially the same coverage.
Rental reimbursement can come in handy if you are in an accident and need to rent a car for two weeks while your car is repaired. At an average of $40 per day to rent a car in Washington DC, the $20 or so, is a small price to pay for this valuable coverage.
These are just a few of the many add-ons you can buy. There are others like medical expenses, funeral expenses and work or income loss also available from most auto insurance companies. To find out all of the available add-on benefits that you might want to include in your DC auto policy, give us a call and an independent agent will be ready to explain all of your options.
Disclaimer: “ The content of these blogs do not represent any type of specific coverage’s offered by the agency.”