New Car Protection Insurance
New Car 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 Car Protection covers you for up to two years.
NOTE: For New Car Protection coverage to be available, a driver need only be qualified or authorized to drive. An extension deductible must be in place on the customer vehicle.
There are some time limits on buying New Car Protection. For brand new vehicles, you have 60 days to buy New Car Protection, from when you first insure your new vehicle. For newer used vehicles, you have 60 days from when you bought the car. Ask your Autopac agent for more details.
- Is the value of my trade-in included in my New Car 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.
- Are rebates and dealer incentives included in the insurable value of my car?
- No, rebates and dealer incentives are not included in the insurable value of your car.
- I had GM Points that I had saved up so I paid less for my new car. Does that make the insurable value lower for New Car Protection?
- GM points are treated like a cash down payment, and are included in the insurable value of your car.
- After two years can I renew my New Car Protection policy?
- New Car Protection is a 12 or 24 month policy meant to insure the depreciation of a new vehicle. Once the policy expires, you cannot buy it again unless you buy another new vehicle.