Insurance

New Vehicle Protection

New Vehicle Protection covers the depreciation on your new or newer vehicle if it’s written off. You’re covered for the price you paid, plus an allowance for inflation, but not for any outstanding debt against a trade-in, service contracts, warranties or insurance. Depending on how old your vehicle is, New Vehicle Protection covers you for up to two years.

There are some time limits on buying New Vehicle Protection. For brand new vehicles, you have 60 days from when you first insure your new vehicle to buy New Vehicle Protection. For newer used vehicles, you have 60 days from when you bought the vehicle.

Ask an Autopac agent for more details.


FAQ

Q
Is the value of my trade-in included in my New Vehicle Protection insurable value?

Yes, the value of your trade-in is included in your insurable value‒the total purchase price is covered. But, we don’t cover any outstanding amounts you may still owe on your previous vehicle.

Q
Are rebates and dealer incentives included in the insurable value of my vehicle?

No, rebates and dealer incentives are not included in the insurable value of your vehicle.

Q
I had GM Points that I had saved up so I paid less for my new vehicle. Does that make the insurable value lower for New Vehicle Protection?

GM points are treated like a cash down payment and are included in the insurable value of your vehicle.

Q
After two years can I renew my New Vehicle Protection coverage?

New Vehicle Protection is a 12- or 24-month coverage meant to insure the depreciation of a new vehicle. Once the coverage expires, you cannot buy it again unless you buy another new vehicle.

Q
Does my new vehicle qualify?

Most privately owned, new and late-model cars, SUVs, light trucks, motorcycles, mopeds and motorhomes qualify. The vehicle must be either brand new or, if used, no older than one model year old.

Q
Does New Vehicle Protection for motorcycles have the same coverage as New Vehicle Protection on passenger vehicles?

There are some differences. Coverage depends on what kind of Autopac coverage you have on your motorcycle. Basic Autopac coverage for passenger vehicles includes all-perils coverage, however Basic Autopac for motorcycles and mopeds is limited to collision and upset protection.

If your motorcycle is insured with Basic Autopac only, your New Vehicle Protection covers the depreciation on your new or newer motorcycle if it’s written off in a collision or by upset. If your motorcycle is insured with Basic Autopac and comprehensive motorcycle coverage, your New Vehicle Protection covers the depreciation on your new or newer motorcycle if it’s written off in the event of a collision, upset or other loss resulting from a peril covered by your comprehensive insurance.

New Vehicle Protection is not a replacement for comprehensive coverage. Contact an Autopac agent to ensure your motorcycle qualifies for full coverage.