New and Used Car Replacement

Your new car may depreciate the minute you drive it off the lot, but that doesn’t mean your insurance coverage should, too. Auto Security from Erie Insurance gives you the coverage you need to protect your new ride from day one.

Keep that new car feeling

Erie Insurance offers an auto endorsement that makes sure you have adequate coverage should something happen to your new ride. If your new car[1] gets totaled, it will be replaced with the newest model year if you’ve had it for less than two years. (Another reason to feel good: If you’ve had your car longer than two years, you’ll get a model that’s two years newer.)

You can add Auto Security[2] to your ERIE auto policy for an additional cost. And here are the reasons why you’ll want to add it:

  • If you’ve had your car less than two years and it gets totaled, ERIE will reimburse you the cost to replace it with the newest comparable model year (minus your deductible).
  • If you’ve had your car longer than two years and it gets totaled, ERIE will pay the cost to replace it with a comparable model that’s two years newer (minus your deductible).
  • If you lease your car and it gets totaled, coverage is provided for the difference between the actual cash value of the auto and the amount due under the terms of your lease or loan.[3]

Add the endorsement any time

You can add Auto Security to your policy at any time prior to a loss. It’s not restricted to when you buy the car or first insure the car with ERIE.

If you already have ERIE auto insurance, you may add Auto Security to your existing auto policy for just a few extra dollars a month. If you are new to ERIE, ask your local ERIE agent for an auto quote that includes Auto Security.

  1. 1. 
    Vehicle is considered new when less than two years old. The endorsement is sold on a per-vehicle basis, not per policy, and contains the specific details of the coverages, terms, conditions and exclusions.
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  2. 2. 
    Coverage is not available in all states. Eligible vehicles must carry both comprehensive and collision coverage and replacement must be made with a comparable model. See individual policies for specific coverage details.
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  3. 3. 
    New vehicle replacement and better vehicle replacement do not apply to leased vehicles. Only auto lease/loan component applies to a leased vehicle. Coverage does not include items such as overdue payments and carry-over balances from previous leases/loans, etc. When payment is made under new vehicle replacement or better vehicle replacement, auto lease/loan coverage will not apply.
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