How does New for Old car insurance work?
Most cars can lose about 30% of their value in the first three years. This means if your car is a write off and it's only a few years old, the cost of replacing it could be quite a lot more than what it's insured for.
But here's the good news – Bingle has an optional extra called New for Old, also known as 'new for old car replacement' or 'new car in case of write off'.
If you hold this cover and your car is written off, we'll get you a brand new car of the same make and model. Or, if it's not available, you'll get the nearest similar make and model of equal value. You also get similar options, accessories or modifications. Read the PDS to find out more.