What’s car replacement assistance?
If your car is totaled or stolen, you’ll get 20% more than its actual cash value. You can use the money however you want, whether you have a car loan or not.
How’s it different from gap insurance?
Gap insurance covers the difference between what your car is worth and what you owe on your car loan. But it doesn’t cover anything beyond that.
What does it cover?
To find out if you have car replacement assistance, review your policy.
Covered
An owned or financed vehicle on your auto insurance policy
Cars, trucks, SUVs and vans that have both comprehensive and collision coverage
When you're in an accident and your vehicle is declared a total loss
When your car is stolen and isn't recovered
Not covered
Leased vehicles or vehicles you don't own
Your deductible after you file a claim
Mechanical issues like a faulty transmission, radiator or battery
Medical costs, lost wages and property your auto policy typically covers in other ways
Is car replacement assistance worth it?
It could be a great choice if:
- You owe more on your car than it’s worth.
- You have a long-term loan and need extra financial support.
- You could benefit from extra cash to cover a down payment on a new car or other expenses.
Is car replacement assistance worth it?
It could be a great choice if:
- You owe more on your car than it’s worth.
- You have a long-term loan and need extra financial support.
- You could benefit from extra cash to cover a down payment on a new car or other expenses.
Car replacement assistance FAQ
The cost varies based on the age, make and model of the vehicle. To find out how much it would cost for you, get a quote for multiple products.
Keep in mind that before you can add car replacement assistance, you’ll need both collision coverage and comprehensive coverage.
We can help keep your policy affordable with car insurance discounts and savings.
You can also save up to 10% on your premium when you bundle auto and property policies.
If you already have gap insurance, that’s not an issue. The 2 coverage options can work together. Gap insurance can pay off your loan, while car replacement assistance can give you extra cash for a new car or other needs.
Yes. But the car’s value may be lower, and the coverage cost is still based on its age, make and model.
No. Car replacement assistance is only available for vehicles you own or finance.
Car replacement assistance FAQ
The cost varies based on the age, make and model of the vehicle. To find out how much it would cost for you, get a quote for multiple products.
Keep in mind that before you can add car replacement assistance, you’ll need both collision coverage and comprehensive coverage.
We can help keep your policy affordable with car insurance discounts and savings.
You can also save up to 10% on your premium when you bundle auto and property policies.
If you already have gap insurance, that’s not an issue. The 2 coverage options can work together. Gap insurance can pay off your loan, while car replacement assistance can give you extra cash for a new car or other needs.
Yes. But the car’s value may be lower, and the coverage cost is still based on its age, make and model.
No. Car replacement assistance is only available for vehicles you own or finance.