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Does Costco Auto offer gap insurance?
I’m negotiating prices on a new car, and I just learned that I have to have gap insurance if I want to finance through the dealer. The coverage they’re offering seems really expensive—especially compared to what I pay for insurance with Costco. Can I get gap insurance through Costco?
Sarah Gray · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Congratulations on your new car purchase!
Guaranteed Asset Protection (gap insurance)
from a dealer can be costly, so you’ll be happy to hear that Costco Auto
does offer gap insurance to policyholders**. Dealers and lenders often require gap coverage on
car loans
and leases for new vehicles to ensure they’re covered for the full value of the vehicle if it’s declared a total loss. Keep in mind, though, that just because Costco offers this coverage doesn’t mean you have to get it through them. By comparing
car insurance quotes online
, you may be able to find a cheaper policy that includes gap coverage. View full answer
- Gregory R.
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