Vehicle protection options

Vehicle protection options comprise insurance products and services that safeguard vehicles against risks such as theft, collision, natural disasters, or mechanical breakdowns. Comprehensive coverage pays for damage from non-collision events like fire, hail, or vandalism; for example, in 2022 over 2 million hail claims were filed in the U.S.

Collision coverage repairs your car after an accident with another vehicle or object, with Allstate reporting an average claim of $3,421 in 2021. Gap insurance covers the difference between your loan balance and actual cash value if your car is totaled–Edmunds states 31% of new cars financed in 2023 qualified for gap coverage.

Mechanical breakdown insurance (MBI) pays for repairs to engine parts, transmission, or electrical systems not caused by routine wear–GEICO offers MBI for cars less than 15 months old and under 15,000 miles. Roadside assistance provides towing, flat tire changes, fuel delivery, and lockout help–AAA resolved over 32 million roadside incidents in 2023.

New car replacement protection reimburses you for a brand-new car if yours is totaled within a certain timeframe; Liberty Mutual replaces vehicles less than one year old and under 15,000 miles. Rental reimbursement covers the cost of a rental car while your vehicle is being repaired after a covered loss–Nationwide caps this at $30–$50 per day for up to 30 days.

Anti-theft device discounts lower premiums when vehicles have devices like LoJack or VIN etching; Farmers Insurance reports up to a 23% discount with approved anti-theft features, according to YourInsurance.info. Custom equipment coverage insures aftermarket additions such as stereos or custom wheels; Progressive limits standard policies to $1,000 without extra endorsements.

Paintless dent repair waives deductibles and provides quick repairs for minor dings from events like shopping cart impacts–Dent Wizard partners with insurers to offer these repairs nationwide.