When you purchase a new car, you want to do what you can to keep it safe. Auto insurance is one of the best ways to do that.

However, other types of extra coverages aren't as common as some standard coverages like comprehensive and liability policies. Discover a few lesser-known coverages you can consider for your car.

Gap Insurance 

If you're financing a new car, your auto loan may be more than the car's value, at least for the first few years. Gap insurance covers the "gap" between what you still owe on the car and its actual cash value in case it's totaled or stolen.

So if you have a loan or lease on your car, gap insurance can help pay off the remaining balance. It can also cover any fees associated with getting a new car, such as a down payment or early termination fees.

Gap insurance is not required by law, but it can be beneficial if you find yourself in an unexpected situation. So if you want that extra cushion of protection, gap insurance is worth your consideration.

New Car Replacement Insurance

As the name implies, this type of coverage helps replace your car if it's totaled or stolen. Most auto insurance policies will only pay out the actual cash value of your car, which may be less than what you paid for it. But with new car replacement insurance, you can get a new car of the same make and model if your car is totaled or stolen.

This type of coverage can be very helpful if you have a new car that's financed or leased. It can also be a good idea if you live in an area with a high rate of auto thefts. So if you want to be sure that you can replace your car if it's totaled or stolen, consider getting new car replacement insurance.

Rental Reimbursement Insurance

Rental reimbursement insurance will help you pay for the rental car you use your vehicle is being repaired after an accident. This coverage is typically offered as an add-on to your existing auto insurance policy, which can be helpful if you don't have another form of transportation available to you while your car is being repaired.

There are a few things to keep in mind when considering rental reimbursement insurance, including the daily limit on coverage and the length of time that the coverage will be in place.

If you have a long commute or need a rental car for work, you may want to consider a policy with a higher daily limit. And if you often rent cars for business or pleasure, you may want to get a policy that provides coverage for a longer time.

Additionally, you need to understand that this type of insurance does not cover the cost of damages to your rental car –– only the cost of the rental itself. Therefore, if you're planning to rent a car while your own vehicle is being repaired, you can purchase short-term collision coverage.

To learn more, contact a company like Full Service Insurance Agency of Wisconsin LLC.