Auto insurance is a necessity; when vehicles have such a high potential for physical damage and injury, it only makes sense that drivers will want some financial protection when an emergency occurs.
But auto insurance does not come cheap. Fortunately, Insurance Business’ Mark Rosanes has produced a new guide on how drivers can save more on their insurance costs. The guide talks about how the insurance works, what goes into the calculation for pricing, and even which provinces and/or territories have the most affordable annual premiums.
One part of the guide discusses optional coverages that drivers can purchase to add on to their auto insurance. Though these coverages are “optional,” they can save motorists from additional costs incurred should they be involved in a collision or accident – ultimately saving drivers even more money in the long run.
Motorists should also take note that a basic auto insurance plan will usually cover injuries or property damage they incur in the event of an accident or cover uninsured motorists involved in the collision – but most basic policies will not cover damage to the policyholder’s own vehicle by default. Such coverages are “optional,” but should be considered by all drivers.
Auto insurance optional coverage products include:
Read now: Where can you find the cheapest car insurance rates in Canada?
