Published: October 27, 2017
Are you buying a new car and wanting auto insurance that can replace the total value of the car if it is totaled? We have the answer Safeco’s new vehicle replacement coverage
Your new car is shiny and fast and it still has that new car smell
But what happens if it’s totaled in an accident or by Mother Nature?
Cars depreciate quickly, so the money you get from your auto insurance policy may not be enough to cover the cost of another new car.
Safeco's new vehicle replacement coverage offers you peace of mind because it pays the full purchase price for your brand new vehicle in the event of a total loss
Example: Jim, a Safeco policyholder, recently rear-ended another car on a freeway off ramp in his brand new 2017 Honda Fit. The impact caused heavy damage to the front end and engine so his sporty little Honda Fit was totaled WITHOUT COVERAGE: Jim would have received actual cash value for his vehicle. WITH COVERAGE: Jim was able to get right back into another Honda Fit, brand new.