New Car? Get a Discount and Skip the Depreciation

 

Do you have a new vehicle? We’ll take 7% off your auto coverage.1 If you’re a new customer, we’ll take off up to 15% more.1

And if it’s totaled or stolen and not recovered, we’ll pay to replace your new vehicle with one of the same make, model, and year – all without reducing your claim payment to reflect depreciation.2

Depreciation takes a monster bite – about 20% – out of your new car within the first year. If it’s totaled or stolen and not recovered, most insurance companies would pay only the actual cash value of the vehicle. Ouch. Not only would you have to buy a new car with that payment, but you may still be paying off the loan. Our auto policies automatically include coverage that would pay you the full cost of replacing your vehicle with one of the same make, model, year, and equipment.

If your auto insurance doesn’t give you a discount for a new vehicle or pays only the actual cash value for a totaled or stolen car, look elsewhere. Look to Electric Insurance Company for savings and value.

What to Do Now

Call us to work with an Electric Insurance Risk Coach™. Our Risk Coaches are licensed insurance professionals who are glad to help you navigate the often-perplexing world of insurance coverage. Call us at  800.342.5342,  Monday through Friday from 8:00 a.m. to 8:00 p.m. ET.

Product, service, program, credit, and discount availability and limits vary by state. The information provided on this site is provided for informational purposes only and is not a full explanation of products, services, or coverage. For more information, please contact Electric Insurance Company at 800.342.5342. If there are discrepancies between the information on this site and the policy, the terms in the policy apply. 
1. Average countrywide car insurance savings as reported by Electric Insurance Company customers through December 31, 2020. Potential savings vary.