What can I do if a dealership forced me to get gap insurance?

When finalizing my car purchase, the salesperson really pushed gap coverage. I didn't want it, but was told that my monthly payments would remain the same even if I added it on. I called the bank this morning, and they said the gap coverage was optional and will cost an extra $650. Is there any way to cancel it now?

“You should reach directly out to the dealership to see if you are able to cancel the gap insurance. As it is optional, you should have the ability to remove it from your loan. If you have already paid the $650, you should be issued a refund.
If the cost of gap insurance is a concern for you, you should check with your current insurance carrier. Most carriers offer the same coverage as dealerships at a more affordable rate.
You can also comparison shop with other carriers. Try requesting car insurance quotes online to see what your options are. You may be able to find a carrier that offers gap insurance as well as a better rate for your policy.
Emily Maracle
Answered on May 03, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.

Did this answer help you?

Ask us a question by email and we will respond within a few days.

Have a different question?

You can meet us at our office and discuss the details of your question.

Read advice from car experts at Jerry

Easiest way to compare and buy car insurance

No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
Find insurance savings — it's 100% free