Most car insurance companies offer additional coverage that you can add to your policy, too.
For example, credit shortfall insurance provides coverage for people who have Vehicle loans. If your car is written off in an accident or stolen, most car insurance policies will pay you the actual current value of the car, which could be less than what you still owe on the loan. Credit shortfall insurance pays for the difference between the actual current retail value of the car and what you still owe on the loan.
Roadside assistance and rental car coverage (loss of use) are also important coverage components to consider adding to your car insurance policy This additional coverage can pay for your car to be towed, cover other roadside emergencies, or pay for a rental car while yours is being repaired.
Vehicle warranty plans/service plan
This is additional cover available for when your mechanical warranty plan on your vehicle has expired. This covers damages incurred to the mechanical components of your vehicle. This cover is usually subject to terms and conditions, e,g vehicle should have a full service history, not travelled within a certain mileage limit and exceeded a certain year model.
Excess waiver – Excess is explained as the first amount payable in the event of a claim. Excess waiver enables you to, for an increased premium waive your excess, hence no excess will be payable in the event of a claim.
Voluntary excess – An option where you can elect to have an increase in excess amount payable in the event of a claim for a reduced monthly premium.