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Does Safety Insurance offer gap insurance?
I’m about to move to Massachusetts for work, and I’m going to buy a new car as soon as I get there! But the lender I’m speaking with requires gap insurance in order to finance it. Does Safety Insurance offer gap insurance?
Mariza Morin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Wow, congrats on the new job and new car! Yes—Safety Insurance does offer
gap insurance
to customers in Massachusetts
, New Hampshire
, and Maine
.Lenders typically require Guaranteed Asset Protection (GAP) insurance to help cover the difference between the unpaid balance you owe on a
car loan
and the actual cash value
of a vehicle in case your brand-new ride gets stolen or is considered a total loss after a car accident. This coverage will definitely come in handy if either unfortunate event should happen. Generally, you’ll need to purchase your state’s minimum
liability coverage
, along with collision
and comprehensive insurance
first in order to add on this optional coverage. And if you’re looking for additional savings, Safety Insurance offers several discounts for Massachusetts drivers, including rewards for safe drivers and multi-policies, as well as discounts for good students, e-customers, loyal customers, and more!
View full answer
- Gregory R.
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