📋 CPI — Your Coverage Options

Collateral Protection
Insurance — Made Simple

At EZ AUTO, we keep things simple. Here's everything you need to know about CPI — what it is, what it costs, and why combining it with a basic liability policy is often the smartest coverage move our customers make.

🛡️Collision + Comprehensive Coverage
💵$500 Max Deductible
⚡Combine with Liability for Full Coverage
⚠️Liability Still Required by FL Law
What Is CPI?

Physical damage coverage
for your financed vehicle.

When you finance a vehicle through EZ AUTO, physical damage coverage (collision + comprehensive) is required for the full loan term. Our CPI program covers exactly that — and works perfectly alongside the liability insurance Florida already requires you to carry. Together, they give you complete protection.

🛡️
Collision + Comprehensive Coverage
CPI covers physical damage to your vehicle — collision, comprehensive, fire, theft, and weather. It keeps your financed vehicle protected throughout your entire loan term.
📋
Required by Your Finance Agreement
Your finance contract requires physical damage coverage for the full loan term. CPI fulfills that requirement — physical damage coverage is in place from day one of your loan, with no separate policy to arrange on your own.
💳
Cost Is Added to Your Payments
The CPI premium of $59.50 is added to your bi-weekly payment. Simple, predictable, and included in your existing payment schedule — no separate insurance bills to track.
✅
Can Be Replaced If You Choose
If you choose to get your own qualifying full-coverage policy and provide proof, we will cancel CPI.
What CPI Costs

Simple, flat-rate physical
damage coverage.

$59.50
Per Bi-Weekly Payment
This covers collision and comprehensive damage on your vehicle for each bi-weekly period. Pair it with basic liability insurance (required by Florida law) and you have complete coverage — straightforward, predictable, and bundled into your existing payment.
⚠️
Important: CPI covers physical damage only — it does not include bodily injury or property damage liability. Florida law requires liability insurance on every registered vehicle. You must carry a valid liability policy in addition to CPI at all times.
Coverage Details

What CPI covers —
and what it doesn't.

✓ Covered by CPI
✗ NOT Covered by CPI
✅Collision damage — repairs if the vehicle is in an accident
✅Comprehensive damage — fire, theft, weather, vandalism
✅Full repair costs up to the lesser of actual repair cost, actual cash value, or outstanding loan balance
❌Bodily injury liability — if you injure someone in an accident
❌Property damage liability — if you damage someone else's property
❌Personal injury / medical payments — consider adding PIP or MedPay to your liability policy for personal injury coverage
❌Florida's state financial responsibility requirements — liability insurance is still legally required
Our Recommendation

The smartest coverage combo
for EZ AUTO customers.

Florida law requires liability insurance on every vehicle — no exceptions. Our CPI covers the physical damage piece. Together, you get complete coverage in the most straightforward way possible.

⭐ Most Popular
Liability Policy + EZ AUTO CPI
Get basic liability from any insurance company — it's affordable and available to almost everyone. Our CPI handles the physical damage. Done.
✅Liability from any insurer (your choice)
✅CPI covers collision + comprehensive
✅No deductible requirements for liability
✅CPI built into your bi-weekly payment
📋 Alternative
Bring Your Own Full Coverage
If you can get affordable full-coverage insurance (liability + collision + comprehensive) on your own, we'll cancel CPI.
📌Must include collision + comprehensive
📌Deductible must be $500 or less
📌EZ AUTO Capital listed as lienholder
📌Bring proof — we cancel CPI same day
💡

Why do many customers choose the combo? For drivers with limited credit history, full-coverage insurance from traditional carriers can be costly. Getting basic liability — which is required anyway — plus our flat-rate CPI is often the most straightforward path to staying fully covered at a predictable cost.

Bringing Your Own Coverage?

Bring your own full coverage
and we cancel CPI immediately.

If you choose to get your own full-coverage policy, just make sure it meets the requirements below. Once you provide proof, we cancel CPI the same day.

Requirements Your Policy Must Meet
1
Collision + Comprehensive (OTC) Coverage
Your policy must include both collision and comprehensive coverage — not liability only. This is full coverage.
2
Maximum $500 Deductible
Your deductible cannot exceed $500. If your policy has a higher deductible, it may not meet the requirement.
3
EZ AUTO Capital Listed as Lienholder
Your insurance must list EZ AUTO Capital, 1612 W Memorial Blvd. Ste B, Lakeland, FL 33815 as the lienholder and loss payee — not as Named Driver Only.
4
Bring Proof to EZ AUTO or Call Us
Once you have a qualifying policy, bring your insurance card or declarations page to our office, email it to insurance@ezautousa.com, or call (863) 940-9675. We'll cancel CPI immediately.
Key Policy Rules

Things every customer
should know.

🔄
CPI Activates If Your Insurance Lapses
If your personal insurance policy cancels or expires at any point during your loan, EZ AUTO may place CPI coverage effective from the date your policy lapsed.
📋
We Can Only Act on What You Tell Us
If your full-coverage insurance cancels or lapses at any point and you do not notify EZ AUTO, we have no way of knowing the vehicle was still covered. CPI will be placed effective from the date your coverage lapsed, and you will owe for that period — regardless of any prior policy we were never informed about. It is your responsibility to keep us updated any time your insurance changes.

Questions about coverage?
We walk every customer through it.

At signing, we review your coverage options together — whether that's combining liability with our CPI or bringing your own full-coverage policy. Ready to get started? The whole process takes 10 minutes.

Start My Application →
Or call us: (863) 940-9675