Rate Lock Guarantee
Your rate will remain the same even if you have a claim. Your rates won’t change until you make certain changes to your auto insurance policy, such as adding or removing a vehicle or a driver from your policy or changing your primary residence.
If your new car is deemed to be a total loss within a specified time period your vehicle will be replaced with a new vehicle of the same make and model (coverage varies by company).
Better Car Replacement
For cars owned longer than the Replacement Period that are determined to be a total loss we will replace it with a comparable model that’s 2 years newer (minus deductible). (Coverage varies by company)
If you are involved in an accident that is your fault your premium will not increase as a result of the accident (one occurrence every 3 years).
Loan Gap/Lease Gap
The second you drive your car off the lot, its value starts to diminish. If you’re involved in an accident, you’re liable for the difference of the current value of your car and the amount still owed on your lease or loan. That difference in value is covered by this endorsement.