Mechanical breakdown insurance can cover the cost of vehicle repairs

Mechanical breakdown insurance is a form of supplementary insurance to a regular auto insurance policy that can help to pay for repairs to a car that can be required over the years. The price of unexpected auto repairs can be very costly and can throw off a person’s ability to stick to a budget or keep to a financial plan. By investing in the additional coverage provided by mechanical breakdown insurance, customers can make their expenses much more predictable and reduce the risk of unexpected costs that they cannot afford.…

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Survey says that car dealerships profit big time from selling insurance products

Finaccord, a financial market research group, conducted a study across 26 countries regarding the financial impact of up-selling consumers on “extras” when they purchase a new car. The numbers are staggering on how it’s affecting car dealers and manufacturers profit margins.   When dealerships partake in selling insurance products like gap insurance, extended warranties, auto insurance, roadside assistant programs and creditor insurance they benefit wildly. According to Finnacord, their study shows the importance of the said factors to the automotive industry in the whole of Europe. In the countries that were…

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Californian’s now have more choices in auto insurance

Daniel Rorapaugh, CEO of AA Auto Protection, stated on January 18th that their company is now able to offer Mechanical Breakdown Insurance (MBI) to those in California. It was a difficult process, but since approved, there are more options available to drivers in California. Before their approval, brokers didn’t have this coverage to offer. MBI coverage is a policy that covers you if your car malfunctions and needs repairs. With purchasing this type of policy, drivers are offered some protection from high mechanic’s bills. Depending on the level of coverage…

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