Protect Your Vehicle
Protect Your Investment
If you're taking funding for a vehicle, we help you find comprehensive auto insurance that protects your investment against accidents, theft, and other damages.
Why Auto Insurance is Essential
When you take funding for a vehicle, the car serves as collateral. Insurance protects both you and the lender.
Auto insurance is often required as part of your funding agreement. It ensures that if your vehicle is damaged, stolen, or totaled, the remaining funding balance can be covered — preventing you from paying for a car you can no longer drive.
We partner with trusted insurers to offer competitive rates, comprehensive coverage, and seamless integration with your funding payments.
- ✓ Required for most vehicle funding agreements
- ✓ Protects your down payment and monthly payments
- ✓ Gap insurance available to cover depreciation
- ✓ Easy bundling with your monthly funding payment
Coverage Options We Offer
Choose the protection level that fits your needs and budget.
*Minimum comprehensive coverage required for most vehicle funding agreements.
How Auto Insurance Works With Your Funding
Apply for Vehicle Funding
Start your auto funding application with BRICS Mutual Benefit.
Get Insurance Quote
We'll provide quotes from our trusted insurance partners.
Choose Your Coverage
Select the policy that fits your budget and requirements.
Bundle Payments
Insurance premium can be added to your monthly funding payment.
Benefits of Insuring Through BRICS
Competitive Rates
We negotiate group rates with multiple insurers to save you money.
Simple Application
One application for both funding and insurance. No duplicate paperwork.
Seamless Claims
We help coordinate claims so your funding remains in good standing.
Dedicated Support
One point of contact for both your funding and insurance questions.
Frequently Asked Questions
Is auto insurance required for vehicle funding?
Yes. Most vehicle funding agreements require comprehensive and collision coverage to protect the lender's collateral. We'll help you meet these requirements.
Can I use my existing auto insurance?
Yes, as long as it meets our minimum coverage requirements (comprehensive + collision). We'll need proof of insurance before funding disbursement.
What is Gap Insurance and do I need it?
Gap Insurance covers the difference between what your standard insurance pays (actual cash value) and what you still owe on your funding. Highly recommended if you make a small down payment.
How much does auto insurance cost?
Costs vary based on vehicle, driving history, location, and coverage level. Most clients pay between $80 - $150 per month for full coverage. We'll help you compare quotes.
What happens if my car is totaled?
Your insurance pays the actual cash value. If you have Gap Insurance, it covers any remaining balance. We'll work with you and the insurer to settle the funding.
Auto Insurance Comparison
| Coverage Type | What It Covers | Required for Funding? |
|---|---|---|
| Liability | Damage/injury to others | ✓ Yes (by law) |
| Comprehensive | Theft, fire, vandalism, weather | ✓ Yes |
| Collision | Accidents with vehicles/objects | ✓ Yes |
| Gap Insurance | Difference between value and balance | ⚠️ Strongly recommended |
| Roadside Assistance | Towing, flat tire, battery | ❌ Optional |
Trusted Insurance Partners
We work with leading auto insurers to provide you with reliable coverage and competitive rates.
Ready to Hit the Road Protected?
Get a free auto insurance quote today. We'll help you find the right coverage at the right price.
✔ Compare multiple quotes • ✔ Bundle with funding • ✔ Easy claims process