I have a couple different ones. Don't remember the brand but they do the same thing. They still protect your rods when taking them in and out of the rod box. I also use neoprene reel covers.
This is what I find too. Of course as I phase out the micro guided rods for the new KR guided rods, I get less issues with the socks. It isn't nessasarily the an issue with the socks. Storing rods that are rigged with baits is always a chance for hooks to snag. Best bet is to use a hook plug to keep the hook tips from snagging and also keep them sharp. Or just not leave hooks on the lines.