What auto insurance doesn’t cover.
Auto insurance isn’t a magical bubble that protects your car from everything. In the same way that health insurance typically won’t cover every medical expense, auto insurance won’t cover every car-related bill that comes your way.
Here are a few examples of what car insurance doesn’t cover.
Wear and tear. As a general rule, car insurance won’t pay for things like oil changes or flat tires. If damage isn’t caused by an accident, you shouldn’t expect coverage.
Stolen belongings. Your auto insurance typically won’t replace your laptop if someone smashes your window to steal it, but a homeowners or renters insurance policy will cover anything stolen from your car, up to your policy limits.
Rideshare trips. Auto insurance won’t cover you when you drive for a rideshare service like Uber or Lyft. In fact, those companies have insurance that covers you only after you’ve accepted a fare and are transporting a passenger, but not between rides. Some insurers offer optional rideshare insurance that you can add to your personal policy for when you aren’t covered by a rideshare company’s insurance.
The cost of a new car, unless you have new car replacement coverage. Even comprehensive and collision insurance won’t always pay out enough to replace your vehicle after an accident. If your car is totaled and you have those coverage types on your policy, your provider will estimate the value of your vehicle at the time of the accident to determine your payout.
This can be a pain point about auto insurance: Most coverage types that protect you and your vehicle are optional, and their availability depends on which insurer you have. So if you’d like additional coverage types in your policy, prioritize those things when shopping for car insurance. source: nerdwallet.
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