How good a deal is premium car insurance?
You may have seen TV commercials for Allstate's new extras, such as ``accident forgiveness,'' which keeps your rates from being raised after a crash, and for new car replacement.
Drivers pay as much as 15 percent more for accident foregiveness.
The new car replacement add-on costs another 2 percent and is intended to cover drivers for the rapid depreciation of a new car. If your car is totaled within three years of its purchase, Allstate will buy you a new one, rather than pay you the depreciated value.
You may already be getting some of those features for free.
It's true that insurers often raise your rates after a crash. But Nationwide forgives a single accident and multiple minor ones after three years of safe driving and it doesn't cost you a penny more.
As for new car replacement, the chances that your shiny new car will be totaled as you drive it off the lot are slim.
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