Car Insuranse

Car Insurance Buying a brand new car is a big investment that starts depreciating the minute you drive it off the lot. In the event of 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 a standard coverage within your Liberty Mutual Auto Insurance policy that provides you with the money for a brand new car, not just the depreciated value of your old car. The Benefits of New Car Replacement, Money for a replacement car that's the same model year as your totaled car. Peace of mind in avoiding the financial loss associated with owing more money on your car than it is worth. Not having to worry about replacing your totaled car with an older model of lesser value. Please Wait and Click Continue For Go To Link Target. Continue What is Auto Gap Insurance? When your car is deemed a total loss and you owe more money on it than it's assessed to be worth, gap insurance will cover the remaining amount you owe. Gap insurance is generally an optional coverage that you can purchase at the same time as your car. It does not provide coverage for a newer car. New Car Replacement goes further than typical gap insurance because you receive payment for a replacement that's brand new, as long as your totaled car is less than a year old and has fewer than 15,000 miles. Better Car Replacement vs. New Car Replacement While there are similarities between these two insurance coverages offered by Liberty Mutual, here are the specifics of each, But often your unique situation means that your protection needs to be extended further. We offer additional coverage options and features that can be easily added to your policy so you can live with the confidence of having the maximum amount of protection you need in the event that catastrophe strikes. Explore the types of standard and additional coverages and features we offer below or easily start a personalized quote if you know what coverage is right for you. What is New Car Replacement? Buying a brand new car is a big investment that starts depreciating the minute you drive it off the lot. In the event of 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 a standard coverage within your Liberty Mutual Auto Insurance policy that provides you with the money for a brand new car, not just the depreciated value of your old car. Money for a replacement car that's the same model year as your totaled car. Peace of mind in avoiding the financial loss associated with owing more money on your car than it is worth. Not having to worry about replacing your totaled car with an older model of lesser value.