New Car Replacement Insurance: Is It Worth The Money? Nevada Insurance Enrollment Explains

Purchasing New Car Replacement Insurance Could Save You Thousands of Dollars
Post - New Car Replacement Insurance, Is It Worth The Money
Post - New Car Replacement Insurance, Is It Worth The Money
LAS VEGAS - Jan. 14, 2020 - PRLog -- How New Car Replacement Works
New car replacement insurance is designed to ease the burden of replacing a brand-new car that has totaled in a collision. Rather than paying a settlement that is equal to the depreciated value of your car, your auto insurance company pays you for what a brand-new car of the same make and model is worth, not including your deductible.

In most cases, this type of auto insurance coverage is only available for cars two years old and newer, and it does not cover leased vehicles. Additionally, it usually applies for a limited period of time, such as one to two years, and miles, oftentimes 24,000 miles or less. Most auto insurance companies only offer this coverage to drivers who have collision and comprehensive coverage.

How Much New Car Replacement Costs

Not every auto insurance company offers new car replacement, and even those that do may not have it available in every state. While this add-on is generally pretty economically priced, oftentimes under $20 a month for a sedan, the exact amount that you'll pay for coverage is hard to predict.

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Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV  89032
(702) 898-0554

Nevada Insurance Enrollment
Shelly Rogers
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Tags:Auto Insurance
Location:Las Vegas - Nevada - United States
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Page Updated Last on: Jan 14, 2020
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