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Learn more about

Collateral Protection Insurance / CPI

Protect Your Investment:

Peace of mind on the road starts with peace of mind about your vehicle and credit.

That's why at Automania we offer Collateral Protection Insurance (CPI). If your vehicle is damaged or declared a total loss, CPI helps protect you from being left with a loan balance on a vehicle you can no longer drive.

CPI is not Liability Insurance.

Liability Insurance is obtained through an insurance company.

Why is CPI Important? Assists with repair costs if the vehicle is repairable (after the applicable deductible). In the event of a total loss, CPI pays the remaining loan balance according to the agreement. Protects your credit from potential negative impact. You are only responsible for the applicable deductible. Claims are handled in-house to help you get back on the road faster. CPI provides peace of mind when the unexpected happens.

How Does CPI Work? CPI acts as a financial shield in the event of theft or total loss of your vehicle due to fire, vandalism, and even natural disasters, covering the loan debt and allowing you to get a new vehicle without affecting your credit history.

Upside Down Warning: If you only carry comprehensive and collision coverage:

  • Insurance typically pays the vehicle’s actual cash value — not what you still owe.
  • If your loan balance is higher than the vehicle’s value, you may still owe money after the insurance settlement.

How CPI Helps: Helps protect against negative equity situations. Covers repairs (after deductible) if the vehicle is repairable. Pay the remaining balance in the event of a total loss (per agreement terms). In-house claim handling helps speed up repairs or payoff. Helps you move forward and into another vehicle as quickly as possible.

Discover its benefits:

  • Theft Protection
  • Total Loss Protection
  • Minor or Severe Damage Protection
  • Helps You Avoid a Financial Burden in Case of an Unfortunate Event

Important Reminders:

  • CPI is charged on your payment day
  • CPI is not Liability Insurance
  • CPI has a $500 deductible

Don't let unexpected events catch you off guard. Don't leave your precious vehicle and your financial interest vulnerable. Invest in peace of mind with Automania's CPI program today!

Secure your investment today. Fill out the form below to get started: