Car insurance for new car

What Is New Car Replacement Insurance? If your car is totaled, new car replacement insurance will give you money for a brand new car of the same make and model (minus your deductible) instead of the depreciated value of your totaled car. For example, let’s say you purchased a new car for $40,000 and bought new car replacement insurance as well.

You must have insurance for a new car, whether you buy it from a dealership, a friend or other private owner. It's the law – all states except New Hampshire require you to carry liability car insurance. Here are new car insurance details you need to know when acquiring a new set of wheels, according to Penny Gusner,

Thanks to ‘Brand New Car Insurance’ you can insure your new vehicle even before it is registered at a Regional Transport Office (RTO). Usually, brand-new cars are insured by the car dealer. This feels like a convenient process as the car dealer takes the responsibility of getting the vehicle registered at the RTO as well as insuring it.