How do I get gap insurance for my car?

I just bought a new car. Initially, I thought gap insurance was unnecessary, but after nearly being side swiped the day I drove it home, I began to regret my decision. How can I add gap insurance to my auto policy?

Lauren Smith · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
I’m glad you managed to avoid a wreck—but you’re right, gap insurance is more helpful than you might think. To add a new coverage, you can call your local agent, log in to your provider’s website, or access your account through their mobile app.
Gap insurance
, also known as Guaranteed Asset Protection, is useful when leasing or in the first few years of owning a car and costs around $20 a year.
New car replacement insurance
is another option.
Once your car is driven off the lot, it loses a significant chunk of its value. If it gets totaled soon after you purchase it, you could end up losing money because the insurer will only pay you back the ACV (actual cash value) of the car, not how much you initially paid for it.
Gap insurance may also help in any of the following situations:
It’s recommended that you shop around for car insurance quotes every six months to avoid overpaying for your coverage.
makes comparing quotes and switching providers easier than ever.
View full answer 
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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