Okay, so when you watch tv these days, you are bombarded with insurance commercials. You hear about accident forgiveness, pet coverage, coverage if your car is beamed up by Scotty. It is amazing how many different coverages you can get for your car.
Remember, however, that car insurance is meant to cover two things: your car and any damage you cause to anyone else. Any other coverage you get is called “throw away coverage.” Why? Because the insurance companies give it to you and throw away any money it costs them. Why? Because they get people to change their insurance company based on these coverages. Yes, people actually change to a new insurance company because they can get pet coverage.
Look, if insurance companies, or more importantly, insurance regulators thought it was important, it would be offered by every insurance company or even required. But it is not. It is a marketing ploy. And a bad one at that.
You do not need any insurance coverage. If you do not know what coverage you need, email me at firstname.lastname@example.org and I will send you the Consumers Guide to Auto Insurance FREE (a $20 value).