New Car Replacement Insurance

Get the brand new model of your vehicle and up to $500 of your deductible back after a total loss.

A different kind of New Car Replacement Insurance

We’ve designed our policies to provide more coverage options for longer terms on a wider range of vehicle ages.

Vehicles up to 5 Years Old

Unlike the competition, as long as your vehicle is 5 years old or newer, it qualifies for Drivesure New Car Replacement Insurance.

Up to 7 Years of Coverage​

Drivesure will cover your vehicle for up to 7 years. Brand new vehicles qualify for 7 years while 5 year old vehicles would qualify for 3.

Deductible Reimbursement​

If you are charged a deductible by your primary insurer for a total loss, we will reimburse it up to a maximum of $500.

Can you afford a total loss?

Traditional auto insurance will only pay the depreciated value of your vehicle after a total loss, even if it wasn’t your fault.

If you financed your vehicle, depreciation could mean that your total loss settlement is less than what’s still owing on your loan. Are you prepared to pay the excess amount owing?

If your vehicle wasn’t financed or if your loan value is less than your total loss settlement.  Are you prepared to purchase a used vehicle, or a lower priced brand new vehicle, to avoid the extra cost of purchasing the same vehicle brand new?

A Drivesure New Car Replacement Insurance policy pays the difference between your depreciated total loss settlement and the cost of your vehicle brand new from the current model year.

New Car Depreciation Calculator
Vehicle MSRP
Vehicle Age Vehicle Value
Off the Lot
1 Year Old
2 Years Old
3 Years Old
4 Years Old
5 Years Old

Add On Coverages

Add more protection to your New Car Replacement Insurance policy

OEM Parts

Repairs your vehicle with Genuine Manufacturers Parts

For Vehicles 1-5 Years Old

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Diminished Value

Get a cheque for the value your vehicle loses after an accident

For Vehicles 1-8 Years Old

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Plus Package

Reimburses you for deductibles, lost key fobs and more.

For Vehicles 1-8 Years Old

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Not Your Average Replacement Insurance

We’ve designed our policies to stand out from the competition.

Locked in Premiums

Your Drivesure premium won't increase because of a claim, change in address, or young drivers.

Flexible Terms

Policy terms up to seven years are available for brand new vehicles.

Payment Plans

Finance your policy monthly through your bank account or credit card.

Find a broker near you

Contact one of our Broker partners in British Columbia or Alberta for a quote