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What Does Auto Insurance Actually Cover Anyway?

Affordable insurance can feel like a rare treasure, particularly when it comes to car insurance quotes. Considering the wide range of factors than can affect your car insurance rates, it seems impossible to keep your rate at an affordable level. After all, even the smallest nuance such as a speeding ticket or deciding to put your child on your policy can make your rate skyrocket, as individuals between the ages of 16 and 25 typically have the highest auto insurance rates. However, few people know that even customizing your vehicle can increase your rates by a significant amount. If that surprises you, stay informed by reading on to discover how to ensure that customizations will be covered and how exactly they will affect your rates. After all, knowledge is power when it comes to maintaining affordable insurance.

The first thing to know is that your auto insurance rates are based on the market value of their car, combined with its risk of being involved in an accident or other issues that your insurance services deem financially liable. As a result, a high-quality car in an area with rampant car theft would probably not have affordable auto insurance premiums. While this may put some stress on you, insurance can only benefit your life and sense of security and well-being — particularly if you are involved in a car accident. It will also help protect you against depreciation. But if you want your car insurance rates to cover the full value of your vehicle, you need to submit a detailed report with any of the modifications that you made to your car.

So what will car insurance companies cover? Here’s a list:

    • High performance wheels and tires
    • magnesium alloy wheels
    • Installed DVD players and televisions
    • Anti-theft devices
    • Engine accessories
    • Roof Treatments
    • Customized detailing on leather seats and coverings
    • Updated GPS systems

However, your auto insurance rates will not cover radars, CDs and DVDs present in the car.