Must-Have Car Insurance Add-ons For Brand New Cars

Securing comprehensive insurance for a brand new car is paramount to protecting your valuable investment on the road. While standard insurance policies offer essential coverage, opting for additional add-ons can provide enhanced protection tailored specifically to the needs of new vehicle owners. These add-ons are designed to complement standard car insurance policies, so they offer a variety of benefits, ranging from zero depreciation coverage to engine protection and even roadside assistance. In this article, we’ll explore the most essential car insurance add-ons that are must-haves for brand new cars, ensuring comprehensive coverage and peace of mind for owners as they embark on their journeys.

Car insurance add-ons, also known as ‘riders’ or ‘endorsements’, provide additional coverage beyond what is offered in a standard car insurance policy. These add ons are optional and can be purchased for an extra premium. They are designed to tailor the insurance coverage to better suit the specific needs and preferences of the policyholder.

Some common car insurance add-ons include:

Zero Depreciation Cover: This add-on ensures that the insurer compensates the insured for the full cost of repairs or replacements without factoring in depreciation. It is particularly beneficial for new cars, as it helps maintain the vehicle’s value.

Engine Protection Cover: Provides coverage for damages to the engine and its parts caused by issues such as water ingression, oil spills, or mechanical breakdowns.

Roadside Assistance Cover: Offers assistance for breakdowns or emergencies while on the road, including towing, jump starting, and fuel delivery.

No Claims Bonus Protection Cover: Protects the policyholder’s accumulated No Claims Bonus (NCB) even after filing a claim, ensuring reduced premiums during policy renewals.

Key Replacement Cover: Provides coverage for expenses incurred in replacing lost, stolen, or damaged car keys, including reprogramming expenses.

Return to Invoice Cover: Ensures that the policyholder receives the entire invoice value of the vehicle in case of total loss or theft, bridging the gap between the insured declared value (IDV) and the actual purchase price.

Daily Allowance Cover: Provides a daily allowance to cover transportation expenses while the insured car is being repaired at a garage.

Passenger Cover: Offers coverage for medical expenses, hospitalisation, and compensation for disability or death of passengers in the insured vehicle due to an accident.

Consumables Cover: Reimburses expenses for consumable items used during vehicle repairs, such as engine oil, lubricants, and nuts.

Tyre Protection Cover: Covers repair or replacement expenses for damaged tyres due to punctures, cuts, or bursts, ensuring that the motor insurance company pays for tyre damages.

These are just a few examples of the many car insurance add-ons available in the market. The specific add-ons offered may vary depending on the insurance provider and the type of policy chosen. It’s important for policyholders to carefully review their options and choose add-ons that best meet their individual needs and requirements.

Insuring your brand new car is a legal requirement in the UK, but did you know you can also enhance your coverage with additional add-ons? Specifically designed for comprehensive or own damage policies, these add-ons provide extra layers of protection beyond the standard policy coverage. Here are some essential car insurance add-ons not to be missed for brand new cars:

Zero Depreciation Cover: From the moment you drive your new car out of the showroom, it starts depreciating. Unfortunately, standard insurance policies do not compensate for this depreciation during claim settlements, leaving you to bear the costs yourself. Zero Depreciation cover, also known as ‘bumper to bumper’ or ‘nil dep cover’, eliminates this deduction and ensures you receive 100% coverage for repairs or replacements of your brand new car’s parts.

Consumables Cover: Regular wear and tear of consumable items, such as engine oil, brake oil, and nuts, is not typically covered under comprehensive insurance policies. Consumables cover steps in to compensate for the repair or replacement of these essential components, ensuring your new car runs smoothly without the burden of expensive repairs.

Engine Protection Cover: The engine is the heart of your car, and any damage to it can result in significant expenses. An add-on focused on engine protection covers damages to the engine and its parts caused by various factors like water ingress or oil leakage. Given the high cost of engine repairs, this add-on is essential for protecting your new car’s most expensive component.

Roadside Assistance Cover: Imagine your new car breaking down in the middle of a road trip. Roadside Assistance cover provides support for minor repairs, flat tyres, battery breakdowns, and towing services, ensuring you’re not stranded in such situations. Moreover, using this add-on does not affect your No Claims Bonus, offering peace of mind during emergencies.

Key and Lock Protection Cover: Losing or damaging your car keys can be costly, especially for premium cars. Key and Lock Protection cover compensates for the repair or replacement of lost or damaged keys and locksets, providing a safety net for unforeseen events like theft or accidents.

Return to Invoice Cover: In case of total loss or irreparable damage to your new car, Return to Invoice cover ensures you receive the entire invoice value of the vehicle. This add-on bridges the gap between the Insured Declared Value (IDV) and the actual purchase price, enabling you to replace your lost or damaged car without facing significant financial setbacks.

By incorporating these must-have car insurance add-ons for brand new cars, you can enhance your coverage, protect your investment against unforeseen risks, and provide peace of mind as you embark on your journey with your new vehicle.

Car insurance add-ons are essential because they offer additional layers of protection beyond what is provided by a standard car insurance policy. While a basic policy may offer coverage for damages to the insured vehicle in accidents or incidents of theft, add-ons cover specific needs and circumstances that may not be adequately addressed by the standard coverage.

For example, add-ons such as Zero Depreciation Cover ensure that policyholders receive full compensation for repairs or replacements without depreciation deductions, which is particularly beneficial for new cars. Engine Protection Cover safeguards against costly repairs to the engine and its components, while Roadside Assistance Cover provides assistance during breakdowns or emergencies on the road. These add-ons enhance the overall financial security and peace of mind of policyholders, ensuring they are adequately protected against a wide range of risks and eventualities that could otherwise lead to significant financial losses.

In conclusion, opting for must-have car insurance add-ons for brand new cars is a prudent decision that enhances the overall coverage and protection for vehicle owners. These add-ons offer tailored solutions to address specific needs and circumstances that may not be adequately covered by standard insurance policies. Whether it is safeguarding against depreciation with a Zero Depreciation Cover, protecting the engine with an Engine Protection Cover, or ensuring assistance during emergencies with a Roadside Assistance Cover, each add-on plays a crucial role in providing comprehensive financial security and peace of mind to new car owners. By incorporating these essential add-ons into their insurance policies, car owners can mitigate risks, protect their valuable investment against unforeseen events, and enjoy their new vehicles with confidence and assurance.