Collateral Protection vs. Full Coverage Insurance
Collateral Protection Full Coverage Insurance
| Everyone Qualifies
Lower Cost $50-$70 / Month Paid With Car Payment Auto Pay Enrollment with Mission Auto Finance Rates are Fixed and No Large Startup Payment Lower Deductible $100-$150
Minor accident: Covers any repairs over your deductible Rate stays the same
Vehicle is totaled: Let’s assume you owe $6000 on the vehicle when it is totaled… Vehicle is paid off in full AND you get partial credit for your down payment towards another vehicle
Can have you driving a new car in the same day
|
Must Apply
Rates Depend on Driving Record Price & Rates Vary and Can Go Up Large Policy Startup Payment $500 minimum deductible
Minor accident: Covers any repairs over your deductible Rates may go up
Vehicle is totaled: Let’s assume you owe $6000 on the vehicle when it is totaled… Insurance will try to pay as little as possible. Most customers still owe a deficiency balance and are required to pay
Process can take weeks and you’re without a car! |
