That’s great news about the new car—but we don’t blame you for not wanting to purchase even more insurance coverage. To answer your question, Freeway Insurance does indeed offer gap insurance.

Generally, lenders require gap insurance or Guaranteed Asset Protection to help pay the difference between the actual cash value of your new car and the car loan you owe in the unfortunate event that it gets stolen or is considered a total loss. Although no one likes paying for extra insurance, gap coverage is actually a great investment so you don’t have to pay unexpected out-of-pocket costs—Freeway Insurance will pay off the balance that’s owed if your new car gets totaled.

In order to add gap insurance to your current policy through Freeway Insurance, you’ll first need to purchase at least the minimum liability coverage required by your state, along with collision and comprehensive insurance.

Keep in mind that Freeway Insurance’s gap insurance is only available for brand-new vehicles or vehicles less than one year old.

MORE: How to cancel gap insurance and get a refund