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What Is The Right Insurance Coverage For Your New Car?
After a few weeks of research and comparing different models, you have just made your
decision to purchase a new car. Congratulations! Before you hit the road, remember to
check one more item off your list: auto insurance.

There are several coverage areas that are essential. However, we recommend you look over
some additional coverage options as well.
New vehicle replacement
If you are the owner of the car that is totaled or stolen, you will be paid the full value of the
car you lost or a comparable model. If you don’t have this in addition to your policy, you
may have to settle for a replacement car that is of lesser value than the original.
Loan and lease coverage
If you are financing your car, this coverage is highly recommended. When you finance a new
car and it is totaled or stolen, you are still responsible for paying out the entire loan (which
is more than what the car is worth). With loan and lease coverage, you would be
compensated for the gap between what’s left on your loan and the depreciated value of
your car.
OEM parts replacement
OEM or original equipment manufacturer parts are the preferable option when you replace
parts on your car. Hence, adding this optional coverage will make sure that all repairs or
replacements made to your damaged vehicle will include new OEM parts where available.
A car is a large investment, and therefore it’s crucial to make sure it is appropriately
covered.
Get your quote today at https://www.farmersmutualsc.com/auto-insurance
Thanks for reading!
Farmers Mutual Insurance
749 Wilson Road, Newberry, SC 29108
803-276-1814
https://www.farmersmutualsc.com/