New Car Replacement Insurance

 

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What Is New Car Replacement Insurance?

If you only have collision/comprehensive insurance your primary insurance settlement will be for the depreciated value of your vehicle.

If you purchased a Vehicle Replacement Insurance policy you would receive the additional funds needed to buy a brand new vehicle — up to a $60,000 insurance benefit! Vehicles registered in British Columbia and Alberta that are up to 5 model years old are eligible.

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Why Buy New Vehicle Replacement Insurance?

Vehicle Replacement Insurance

New Car Replacement Insurance Provides:

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Total Loss Protection

Up to $60,000 in loss protection. Coverage for vehicles up to $150,000 MSRP

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Deductible Reimbursement

Deductible reimbursement up to $500

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Flexible Terms

Choose the coverage term to fit your needs. Brand new vehicles qualify for 7 years

Payment Plans

Finance your policy monthly through your credit card or bank account

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Optional Benefits

OEM Parts Coverage
Rental Vehicle Reimbursement
Key Fob Replacement and other available options

With Vehicle Replacement Insurance, you are back into a brand new vehicle — up to a $60,000 benefit! New Vehicle Replacement Insurance is worth it to have on your car, truck, or SUV as it protects you from unexpected financial hardship. The average vehicle depreciates 10-15% per year and a write-off could mean that the difference comes out of your own pocket.

Hands-On Customer Service

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Connect With An Obvi Agent In Seconds

  • Call us: 587-200-3063

  • Chat with us: click the chat icon in the bottom right corner of your screen

Customer satisfaction is Obvi’s top priority, so we’ll always be there to help when and how you need us. We’re happy to provide hands-on assistance every step of the way, using whichever communications method above is most convenient for you.

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