I just purchased a new 2019 Impreza Premium (first new car) and have been searching for the best car insurance options for myself and my partner (who owns an Outback, currently a customer of Geico). I currently have Liberty Mutual for my prior car, and I'm planning to switch to a different insurance company (of course to save $$).
The GEICO agent I just spoke with highlighted this Multi-Risk Physical Damage Coverage that I could add onto the quote for an additional $4/month. Per my understanding, it'll cover any mechanical or electrical issues on a new vehicle for next 7 years or 100,000 miles. Per this post: https://insurance.mo.gov/consumers/auto/documents/a180-02-96.pdf seems like it covers comprehensive, collision AND mechanical breakdown protection.
Q: This seems too good to be true. I'm regretting the Vehicle Service contract I purchased yesterday and will be calling to cancel it right after this post (I've read other reddit post on how painful this process may be). Is this Multi-risk physical damage coverage similar to what the vehicle service contract offers?
Q: If someone can explain/clarify the multi-risk physical damage coverage in simpler terms and if it's legit please help!
Thank you all! I also had issues posting this... Kept getting the error message "this request to self-post is invalid"
The GEICO agent I just spoke with highlighted this Multi-Risk Physical Damage Coverage that I could add onto the quote for an additional $4/month. Per my understanding, it'll cover any mechanical or electrical issues on a new vehicle for next 7 years or 100,000 miles. Per this post: https://insurance.mo.gov/consumers/auto/documents/a180-02-96.pdf seems like it covers comprehensive, collision AND mechanical breakdown protection.
Q: This seems too good to be true. I'm regretting the Vehicle Service contract I purchased yesterday and will be calling to cancel it right after this post (I've read other reddit post on how painful this process may be). Is this Multi-risk physical damage coverage similar to what the vehicle service contract offers?
Q: If someone can explain/clarify the multi-risk physical damage coverage in simpler terms and if it's legit please help!
Thank you all! I also had issues posting this... Kept getting the error message "this request to self-post is invalid"