You're right. The Visa and MC do cover car insurance. Thanks for clarifying. Also, thanks JetBlue NYFL for all of the info! Very helpful!

Question: Do you know if Visa and MC also cover the following, which Amex covers?:

-purchase protection (if something you buy with the card gets accidentally broken or gets stolen, Amex will pay for a new one)
-warranty extension (if you buy certain things with the card, Amex extends the warranty on it by up to a full year)
-global assistance (if you are travelling and have bought your plane ticket with your Amex card and happen to run into a problem (health, transportation, etc), you can call Amex and they will help solve your problem (find you a doctor, call you a taxi etc).