When shopping for a vehicle at dealerships like Grayson Subaru in Knoxville, TN, you may be offered new car replacement insurance. But what exactly is this coverage, and should you consider adding it to your policy?
New car replacement insurance does just what the name implies. If your new vehicle is totaled, this coverage will pay to replace it with a brand new car of the same make and model, rather than reimbursing you for the depreciated value. This can provide extra protection and peace of mind for Knoxville drivers.
However, new car replacement insurance comes at an added cost and may not be necessary for every buyer. It's best suited for those purchasing a brand-new vehicle who want the assurance of being able to replace it if it is a total loss. To decide if it's right for you, consider your budget, driving habits, and risk tolerance. You can also consult with the staff at Grayson Subaru, who can advise you as you browse our new Subaru inventory.
