Is Accident Forgiveness A Worthwhile Auto Insurance Add-on Cover
Quite a few extra coverage options exist that a driver can buy when purchasing an auto insurance policy. However, many of these options are not necessarily great purchases for every buyer. For instance, customized parts and equipment coverage are not necessary if a car is not going to be modified or upgraded. Other add-ons, however, seem like logical buys, such as accident forgiveness. Accident forgiveness stops an auto insurance claim from counting as a point on a driver’s record. Since the cost of auto insurance coverage can skyrocket when a claim is made, some drivers consider it a great deal. As with any add-on, it is worthy of consideration, but it is important that drivers understand exactly how accident forgiveness functions.
The problem is that several auto insurance companies offer accident forgiveness, however, the terms may vary greatly. In general, drivers are required to keep a good driving record in order to become part of an accident forgiveness program. One or more traffic citations may result in exclusion. If you have been involved in an accident or have had a citation, you may not be allowed into the program at all. Accident forgiveness is inexpensive yet does come at an extra cost. They are certainly worth the money if you are ever involved in a fender bender. However, a major accident may not be covered under an accident forgiveness program. The program may also extend to all accidents and not just accidents caused by you.
Therefore, it is extremely important to fully read over the details of the add-on before deciding whether or not to purchase it. Talk to your insurance agent if you do not fully understand any of the terms laid out in the auto insurance policy. Ask whether serious accidents are included in the add-on. Also, ask if whether or not you will be notified in the event that you are suddenly excluded from the program. It should go without saying, but the cost of such an add-on is also important. Make sure that you know what you are paying before you decide to make a purchase.
Again, it is important to stress that accident forgiveness is often well worth the cost. However, remember that each driver’s situation will vary. Assuming a driver is eligible, and the addition only costs a few additional dollars each month, it is difficult to think of a reason not to opt into an accident forgiveness program. Accidents can happen at any time, and they can happen to relatively good drivers, so a bit of extra protection could save you quite a bit of money in the long run.