Walkaway Insurance

How it Works

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You Buy a Car from Walkaway Dealer

You get one year of complimentary WALKAWAY coverage. Within 30 days of purchasing your car you can choose to extend your coverage for the full term with more benefits.

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Something Unexpected Happens

You get sick, have an accident, become unemployed or experience another life-changing event and can no longer make your loan or lease payments on your car.

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You Return Your Car Without Penalty

Depending on your coverage, you can:

  • Return your car without penalty or damaging your credit rating.
  • Keep your car while WALKAWAY covers your payments.

Coverage ranges from $7,500 to $25,000.

Why you need it

Unless you have a substantial down payment or equivalent valued trade-in ,your car loan or lease is always greater than the value of your vehicle throughout most of your term. This can leave you vulnerable should you hit an unexpected rough patch and no longer be able to make your payments.

Walkaway covers the difference between your car’s value and what you owe the financial institution – up to $25,000. It lets you ‘walk away’ without any impact to your savings or credit rating.

Walkway pays the difference between what your vehicle is worth and what you owe.

WalkAway Gives You Options

We know everyone’s needs are different. That’s why we have several plan options available. Compare features to find the plan that best meets your specific needs.

Elite w/ 12 Payments Estate Advantage Standard PLUS w/6 Payments Standard PLUS w/4 Payments Standard Basic Complimentary
MAXIMUM BENEFITS $25,000 $20,000 $15,000 $12,500 $10,000 $7,500 $7,500
VEHICLE RETURN COVERAGE
Involuntary Unemployment
Physical Disability
Driving Restrictive Medical Condition1
International Job Transfer4
Accidental Death5
Self-Employed Bankruptcy6
Critical Illness Requiring Hospitalization
Death Due to Critical Illness
Temporary Unemployment
Mental Disability
PAYMENT RELIEF COVERAGE
Involuntary Unemployment 12 Payments 6 Payments 4 Payments
Physical Disability 12 Payments 6 Payments 4 Payments
Driving Restrictive Medical Condition1 12 Payments 6 Payments 4 Payments
International Job Transfer4 12 Payments 6 Payments 4 Payments
Accidental Death5 12 Payments 6 Payments 4 Payments
Self-Employed Bankruptcy6 12 Payments 6 Payments 4 Payments
Critical Illness Requiring Hospitalization 12 Payments 6 Payments 4 Payments