An Investment to Last: 3 Ways Insurance Can Help to Extend the Life of Your Vehicle

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When you think of auto insurance, like many, you probably think that it will only cover you in the event of an accident. However, with the right coverage, insurance can do so much more than cover you in the event of a crash. From collision coverage to coverage to handle wear and tear on your vehicle, here are three ways insurance can help to extend the life of your car.

Collision Coverage

If you’re in an accident with another vehicle, or object like a building or tree, collision coverage will cover the cost to repair your car or replace it if it is determined to be a total loss. It will also cover any damages that may be a result of an accident where no other car or object is involved, such as if you flip your vehicle. While collision insurance isn't required by any states, if you have a car loan or are leasing your car, the car company usually requires you to carry the coverage. If you don't carry a loan on the vehicle, you may still want to consider having collision coverage to cover the cost of repairs. For more information and to compare car insurance coverage options you can visit Aqeed.com.

Standard Repair Insurance

This type of insurance is different from the typical kinds of insurance coverage that we are all familiar with. This insurance doesn't require you to sustain damage in a collision, or as a result of a natural disaster. This kind of protection will cover the normal wear and tear that happens over the life of your vehicle, and with the average cost to replace your brakes costing well over $300, according to the website AutoMD.com, having insurance to cover this cost can keep you from going into debt. Standard auto repair insurance will help protect you from having to come up with a large lump sum if your car breaks down. Many people choose to obtain standard repair insurance rather than getting an extended warranty from the dealer.

Mechanical Breakdown Insurance

Mechanical breakdown insurance, like standard repair insurance, will cover car repairs that are unrelated to an accident. It is an optional coverage that you can purchase through your car insurance company, rather than buying an extended warranty. Like an extended warranty, this type of insurance coverage will pay for repairs to your car that are more than the original manufacturer's warranty, along with additional coverage, depending on the insurance company. It will cover your drivetrain, transmission, exhaust, electrical components like the alternator, brakes, and engine parts. The only thing that this coverage will not cover is the normal wear and tear of the parts on your car. With the average car repair bill reaching between $500 and $600, according to a report released by Cars.com, you can’t afford not to consider adding additional coverage to your current car insurance policy.

Purchasing a car continues to be a significant expense, and prices are guaranteed to continue to rise. Don't take chances with your next vehicle, ensure you have the right car insurance coverage that can help you to extend the life of your car.



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