The Most Overlooked Auto Insurance Add-Ons That Could Save You Money

When shopping for auto insurance, many drivers focus solely on meeting their state’s minimum requirements. However, there’s a world of optional coverages that, while often overlooked, might help save money in the long run.

Understanding Optional Auto Coverage

Insurance can feel overwhelming with its many terms and options, but some add-ons are worth a closer look. While these coverages might slightly increase your premium, they could potentially save you from much larger expenses down the road. The following are some commonly overlooked options that might deserve your attention:

• Rental car reimbursement—If your car needs repairs after an accident, this coverage might help with temporary transportation costs. Without it, daily rental fees can quickly add up during extended repair periods.

• Gap insurance—When financing or leasing a new vehicle, this coverage might help address the difference between what you owe and what your car is worth if it’s totaled. This difference can be substantial in the early years of car ownership.

• Custom equipment coverage—For those who’ve modified their vehicles, standard policies might not fully cover aftermarket additions. This specialized coverage could help protect your investments in custom parts.

These options often get overlooked during policy discussions, but they might offer valuable financial protection in specific situations.

Exploring Lesser-known Discounts

Beyond the standard safe driver and multipolicy discounts, several lesser-known savings opportunities might be available. Many drivers miss out on these simply because they don’t know to ask about them:

• Professional organization memberships—Being part of certain professional groups or alumni associations might qualify you for special rates.

• Advanced payment discounts—Paying your premium in full or setting up automatic payments might lead to lower rates.

• Low mileage adjustments—If you drive less than average, especially with more people working from home, you might qualify for additional savings.

Learn More

Contact Montero & Brage Insurance, LLC in Fort Myers, Florida, to discuss auto insurance add-ons that might be right for your situation. Our team can help you understand how different coverage options may fit your needs.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.