What optional car insurance coverage is the best bang for the buck?

The answer to this question is going to depend on a lot of factors. If you are driving an older car that has a few mechanical problems, towing reimbursement might save you a bundle, and if you park your car on a roadside, you may want to opt into collision coverage, or even protect against vandals with comprehensive insurance. Optional coverages are intended to give you more of the type of coverage you need, and are tailored to meet a variety of situations.

Collision and comprehensive coverages are both good to have, and you may be able to get them both at an affordable price by opting for a slightly higher deductible. The deductible is the amount you pay out of pocket before the claim can be settled and raising or lowering it can have a large affect on your insurance rates.

Talk to your insurance agent about the options that might be right for you, and which ones you could probably do without. You can also do some price comparisons online to find companies that offer the best all-around rates. If you are forced to make a choice between the two, collision insurance may offer the most robust coverage for the investment even though it leaves you vulnerable to non-collision incidents. The ideal policy for one person will be totally inadequate for another, resulting in paying higher premiums without being protected when it is needed.