New Car Replacement Insurance
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If you only have collision/comprehensive insurance – Your primary insurance settlement will be for the depreciated value of your vehicle,
If you purchased a New Car Replacement policy You would receive the additional funds needed to buy a brand new vehicle –up to a $60,000 insurance benefit!
Why Buy New Car Replacement Insurance?
Having New Car Replacement Insurance on your car, truck, or SUV protects you from unexpected financial hardship. The average vehicle depreciates 10% per year and a write off could mean that the difference comes out of your own pocket. With New Car Replacement Insurance, you are back into a brand new vehicle – up to a $60,000 benefit!
Choose from 2 options:
New Car Replacement
Vehicles new-5 years old
The difference between your insurance settlement and the cost of a brand new replacement vehicle from the current model year is covered. The total loss deductible up to $500 will also be reimbursed.
Better Car Replacement
Vehicles 2-8 years old
The difference between your insurance settlement and the cost of a replacement vehicle with the same purchase price is covered. For every 12 months of policy term that passed before the date of loss, a 5% index will be added to the purchase price calculation. The total loss deductible up to $500 will also be reimbursed.
New Car Replacement Insurance Provides:
Total Loss Protection
Up to $60,000 in loss protection. Coverage for vehicles up to $150,000 MSRP
Deductible reimbursement up to $500
Choose the coverage term to fit your needs. Brand new vehicles qualify for 7 years.
Finance your policy monthly through your credit card or bank account
Want a quote?
Chat with an Advisor or fill in the form below to get in touch to discuss all your options.