I Just Bought a New Car. What Insurance Coverage Do I Need?
April 8, 2020
Image: Man with New Car
Congratulations! After weeks of research, comparing makes and models, and taking test drives you finally bought that brand-new car you wanted. But before you take that well-deserved road trip, check one more item off your list: the right car insurance.
While some auto coverage options are essential whatever the age of your car, new vehicles may carry some additional risks you should know about. So before leaving the lot, give us a quick call to discuss the possible coverage options:
- New vehicle replacement: If you’re the original owner and your car is totaled or stolen within one year, you’ll be paid the full value of the vehicle or a comparable model.
- Loan and lease coverage: Covers the "gap" between your loan balance and the car's depreciated value if it is totaled.
- Audio-visual and custom equipment: Protects custom sound systems, wheels, and other non-factory modifications.
- OEM parts replacement: Ensures repairs are made using Original Equipment Manufacturer parts rather than aftermarket alternatives.
You invested in a new car. So be sure your investment extends to the right auto policy as well. To learn more about protecting your new vehicle, give us a call today!