Contour Enthusiasts Group Archives Forums General General Any insurance companies replace new cars when....

I remember hearing someone tell me that there are some insurance companies out there that will replace your car if it is brand new and is within a certain period of time if it is in an accident. Has anyone else heard of this and knows what campanies offer this? Any details you can provide me with would be greatly appreciated.

Allstate has been advertising that recently.

Liberty Mutual will replace your new car by giving you the exact purchase price (including tax, title, license) of your car if it is totaled within 1 year from the purchase date. Almost got to use that one earlier this year, but the car ended up being about 1k from totaled. It is nice to know that you will get what you paid for the vehicle so you can replace it with a like vehicle instead of getting the depriciated value and not being able to purchase a car like your old one.

However, in order to get this with Liberty Mutual, you must carry full coverage, and you must buy a new vehicle (demos, rentals are excluded).