New Car Replacement

The moment you drive your brand new car off the lot, its value starts depreciating. In the event of an accident involving a total loss, many insurance policies will give you less than what you paid for it because of this depreciation.

If your totaled car is under one year old and has less than 15,000 miles, New Car Replacement is optional coverage for your Auto Insurance policy that provides the money for a brand new car, not just the depreciated value of your old car.