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3: Analyze Your Circumstances

Optional Insurance Coverage

Umbrella stopping rainFocusing only on the price of insurance can lead you astray from purchasing the right kind of coverage you need. Depending on your circumstances, you might consider these optional types of coverage that can cost money, but could provide savings and peace of mind. 

  • Rental Reimbursement – Pays for a rental car when your car is being repaired for covered damages. 
  • Towing (Roadside Assistance) – Pays for towing if your car is disabled.
  • Guaranteed Asset Protection (GAP) – Pays the gap between what your car is worth (cash value) and the amount due on your car loan if your car is stolen or totaled in an accident. 

Discounts for Older Drivers

SAM tips

As you age, you may be eligible for discounts if you take approved accident-prevention courses. These low-cost driving courses sometimes are offered by your city or community organizations and are available through AAA and AARP. Check with your insurer before you sign up to make sure the course is approved to get you a discount. 

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