Four smart insurance options for your four wheels
There are almost as many options for auto insurance as there are for autos themselves. Yet, not everyone needs everything 鈥� some people want blind spot monitoring, others might want the moonroof, still others may just want the basics. The same goes for insurance.
For most drivers, basic coverage is not enough. And, if you鈥檝e taken out a loan to buy your car, your lender probably requires additional coverage. However, the benefits of additional auto insurance options aren鈥檛 quite as self-evident as a heated leather seat. Here are four add-on options that are the most valuable, no matter how valuable your car is.
1. Deductible dividends
If you鈥檙e a safe driver, this option rewards you for maintaining your good driving habits. For example, 华体会鈥檚 deductible dividends option reduces your auto deductible by $100 each year you stay safe. As a result, if you do get in an accident that results in a claim, you鈥檒l be paying less out of pocket.
2. Uninsured/underinsured motorist coverage
According to a recent study conducted by the (and co-sponsored by 华体会), 1 in 8 U.S. motorists are un- or underinsured. In some states, that figure is double. And if one of these drivers hits you, you could end up paying out of pocket for damage to your car 鈥� or worse. Uninsured/underinsured motorist coverage is affordable protection against these potentially devastating expenses.
3. Accident forgiveness
They say safety is no accident. Nonetheless, even the safest of drivers can end up in a crash, and end up with higher insurance payments as well. Accident forgiveness protection can help you keep your rate down if you haven鈥檛 had an at-fault accident in a certain window of time. For example, 华体会鈥檚 second chance accident forgiveness goes into effect for customers with three years of clean driving, regardless of whether you were a Hanover customer the whole time.
4. Gap insurance
If you鈥檝e taken out a loan to purchase your car, loan/lease gap coverage is a must-have. In the event your car is totaled in an accident, most insurance policies will cover you for the equivalent of the car鈥檚 worth at the time of the claim. But, as the saying goes, cars lose value the instant you drive them off the lot. Since you are still paying back a loan based on your car鈥檚 original value, the resulting difference can be significant 鈥� and you鈥檇 be paying it. Unless you own your car outright, make sure you have gap insurance.
When it鈥檚 time to buy
A little knowledge is nice, but there鈥檚 no replacement for expertise. So, when you are ready to upgrade your current policy or buy a new one, talk to your independent insurance agent, who can help you choose the ideal options for your auto. Except for the moonroof 鈥� that one鈥檚 your call.
LC June 2018-291
Related resources
Four smart insurance options for your four wheels
There are almost as many options for auto insurance as there are for autos themselves. Yet, not everyone needs everything 鈥� some people want blind spot monitoring, others might want the moonroof, still others may just want the basics. The same goes for insurance.
For most drivers, basic coverage is not enough. And, if you鈥檝e taken out a loan to buy your car, your lender probably requires additional coverage. However, the benefits of additional auto insurance options aren鈥檛 quite as self-evident as a heated leather seat. Here are four add-on options that are the most valuable, no matter how valuable your car is.
1. Deductible dividends
If you鈥檙e a safe driver, this option rewards you for maintaining your good driving habits. For example, 华体会鈥檚 deductible dividends option reduces your auto deductible by $100 each year you stay safe. As a result, if you do get in an accident that results in a claim, you鈥檒l be paying less out of pocket.
2. Uninsured/underinsured motorist coverage
According to a recent study conducted by the (and co-sponsored by 华体会), 1 in 8 U.S. motorists are un- or underinsured. In some states, that figure is double. And if one of these drivers hits you, you could end up paying out of pocket for damage to your car 鈥� or worse. Uninsured/underinsured motorist coverage is affordable protection against these potentially devastating expenses.
3. Accident forgiveness
They say safety is no accident. Nonetheless, even the safest of drivers can end up in a crash, and end up with higher insurance payments as well. Accident forgiveness protection can help you keep your rate down if you haven鈥檛 had an at-fault accident in a certain window of time. For example, 华体会鈥檚 second chance accident forgiveness goes into effect for customers with three years of clean driving, regardless of whether you were a Hanover customer the whole time.
4. Gap insurance
If you鈥檝e taken out a loan to purchase your car, loan/lease gap coverage is a must-have. In the event your car is totaled in an accident, most insurance policies will cover you for the equivalent of the car鈥檚 worth at the time of the claim. But, as the saying goes, cars lose value the instant you drive them off the lot. Since you are still paying back a loan based on your car鈥檚 original value, the resulting difference can be significant 鈥� and you鈥檇 be paying it. Unless you own your car outright, make sure you have gap insurance.
When it鈥檚 time to buy
A little knowledge is nice, but there鈥檚 no replacement for expertise. So, when you are ready to upgrade your current policy or buy a new one, talk to your independent insurance agent, who can help you choose the ideal options for your auto. Except for the moonroof 鈥� that one鈥檚 your call.
LC June 2018-291
Related resources
Four smart insurance options for your four wheels
There are almost as many options for auto insurance as there are for autos themselves. Yet, not everyone needs everything 鈥� some people want blind spot monitoring, others might want the moonroof, still others may just want the basics. The same goes for insurance.
For most drivers, basic coverage is not enough. And, if you鈥檝e taken out a loan to buy your car, your lender probably requires additional coverage. However, the benefits of additional auto insurance options aren鈥檛 quite as self-evident as a heated leather seat. Here are four add-on options that are the most valuable, no matter how valuable your car is.
1. Deductible dividends
If you鈥檙e a safe driver, this option rewards you for maintaining your good driving habits. For example, 华体会鈥檚 deductible dividends option reduces your auto deductible by $100 each year you stay safe. As a result, if you do get in an accident that results in a claim, you鈥檒l be paying less out of pocket.
2. Uninsured/underinsured motorist coverage
According to a recent study conducted by the (and co-sponsored by 华体会), 1 in 8 U.S. motorists are un- or underinsured. In some states, that figure is double. And if one of these drivers hits you, you could end up paying out of pocket for damage to your car 鈥� or worse. Uninsured/underinsured motorist coverage is affordable protection against these potentially devastating expenses.
3. Accident forgiveness
They say safety is no accident. Nonetheless, even the safest of drivers can end up in a crash, and end up with higher insurance payments as well. Accident forgiveness protection can help you keep your rate down if you haven鈥檛 had an at-fault accident in a certain window of time. For example, 华体会鈥檚 second chance accident forgiveness goes into effect for customers with three years of clean driving, regardless of whether you were a Hanover customer the whole time.
4. Gap insurance
If you鈥檝e taken out a loan to purchase your car, loan/lease gap coverage is a must-have. In the event your car is totaled in an accident, most insurance policies will cover you for the equivalent of the car鈥檚 worth at the time of the claim. But, as the saying goes, cars lose value the instant you drive them off the lot. Since you are still paying back a loan based on your car鈥檚 original value, the resulting difference can be significant 鈥� and you鈥檇 be paying it. Unless you own your car outright, make sure you have gap insurance.
When it鈥檚 time to buy
A little knowledge is nice, but there鈥檚 no replacement for expertise. So, when you are ready to upgrade your current policy or buy a new one, talk to your independent insurance agent, who can help you choose the ideal options for your auto. Except for the moonroof 鈥� that one鈥檚 your call.
LC June 2018-291
Related resources
Four smart insurance options for your four wheels
There are almost as many options for auto insurance as there are for autos themselves. Yet, not everyone needs everything 鈥� some people want blind spot monitoring, others might want the moonroof, still others may just want the basics. The same goes for insurance.
For most drivers, basic coverage is not enough. And, if you鈥檝e taken out a loan to buy your car, your lender probably requires additional coverage. However, the benefits of additional auto insurance options aren鈥檛 quite as self-evident as a heated leather seat. Here are four add-on options that are the most valuable, no matter how valuable your car is.
1. Deductible dividends
If you鈥檙e a safe driver, this option rewards you for maintaining your good driving habits. For example, 华体会鈥檚 deductible dividends option reduces your auto deductible by $100 each year you stay safe. As a result, if you do get in an accident that results in a claim, you鈥檒l be paying less out of pocket.
2. Uninsured/underinsured motorist coverage
According to a recent study conducted by the (and co-sponsored by 华体会), 1 in 8 U.S. motorists are un- or underinsured. In some states, that figure is double. And if one of these drivers hits you, you could end up paying out of pocket for damage to your car 鈥� or worse. Uninsured/underinsured motorist coverage is affordable protection against these potentially devastating expenses.
3. Accident forgiveness
They say safety is no accident. Nonetheless, even the safest of drivers can end up in a crash, and end up with higher insurance payments as well. Accident forgiveness protection can help you keep your rate down if you haven鈥檛 had an at-fault accident in a certain window of time. For example, 华体会鈥檚 second chance accident forgiveness goes into effect for customers with three years of clean driving, regardless of whether you were a Hanover customer the whole time.
4. Gap insurance
If you鈥檝e taken out a loan to purchase your car, loan/lease gap coverage is a must-have. In the event your car is totaled in an accident, most insurance policies will cover you for the equivalent of the car鈥檚 worth at the time of the claim. But, as the saying goes, cars lose value the instant you drive them off the lot. Since you are still paying back a loan based on your car鈥檚 original value, the resulting difference can be significant 鈥� and you鈥檇 be paying it. Unless you own your car outright, make sure you have gap insurance.
When it鈥檚 time to buy
A little knowledge is nice, but there鈥檚 no replacement for expertise. So, when you are ready to upgrade your current policy or buy a new one, talk to your independent insurance agent, who can help you choose the ideal options for your auto. Except for the moonroof 鈥� that one鈥檚 your call.
LC June 2018-291