Expert Advice for Gap Insurance

All Articles on Gap Insurance

Does AAA Have Gap Insurance?
You can purchase gap insurance through AAA, as long as you have liability and comprehensive coverage as well. Gap insurance can help protect newer vehicles.
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Mary Cahill
Jan 20, 2023
Does Erie Have Gap Insurance?
Erie offers gap insurance and other valuable coverage as part of their New Auto Security endorsement.
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Jasmine Kanter
Jan 20, 2023
Does Esurance Have Gap Insurance?
Esurance is one of several insurance providers that offer gap insurance. Here’s what it is, and why you might need it!
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Amber Reed
Jan 19, 2023
Does Nationwide Have Gap Insurance?
Nationwide’s gap insurance can protect you from owing money on a vehicle that’s a total loss—but do you really need it?
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Amber Reed
Jan 19, 2023
Is Toyota Gap Insurance Worth It?
Is Toyota’s Guaranteed Auto Protection (GAP) better than the gap coverage from your car insurance company? (Spoiler: probably not.)
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R.E. Fulton
Jan 17, 2023
Does GEICO Have Gap Insurance?
GEICO doesn’t offer gap insurance, but you can purchase it from a standalone company, lender, or dealership.
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Kaitlin May
Jan 17, 2023
Does Liberty Mutual Have Gap Insurance?
Liberty Mutual sells gap insurance—and it could help you save thousands of dollars in the event your car is totaled or stolen. Learn more here.
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Melanie Johnson
Jan 17, 2023
Does Travelers Have Gap Insurance?
Travelers is one of only a handful of car insurance companies that sells gap insurance—and here’s why you might want to invest in it.
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Andrea Barrett
Jan 16, 2023
Capital One Gap Insurance
Capital One offers Guaranteed Asset Protection (or “gap” insurance) to protect you if your car is totaled or stolen. Click here to learn more!
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Jacqulyn Graber
Jan 12, 2023
When Does Gap Insurance Not Pay?
Gap insurance does not pay for car damages if your vehicle is not deemed a total loss or if you have not kept up on your payments.
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Jacqulyn Graber
Jan 12, 2023
When Can You Get a Gap Insurance Refund?
Unless your gap insurance policy states otherwise, you should be able to cancel your coverage and seek a refund at any point during the policy period.
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Drew Waterstreet
Jan 11, 2023
How Long Does Gap Insurance Last?
Gap insurance can last as long as you have an outstanding car loan, but you won’t usually need it for the entire term length of the loan—learn more here!
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Drew Waterstreet
Jan 11, 2023
Does State Farm Have Gap Insurance?
State Farm doesn’t have gap insurance, but State Farm Bank auto loan customers get automatic Payoff Protection benefits with the same function.
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R.E. Fulton
Jan 10, 2023
Does Progressive Have Gap Insurance?
Progressive is one of the few major car insurance companies that sells gap insurance. Here’s why you might need to buy it.
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R.E. Fulton
Jan 10, 2023
Everything You Need to Know About Motorcycle Gap Insurance
If you owe more on your loan than your motorcycle is worth, you’ll want to look into getting motorcycle gap insurance to protect your wallet.
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Macy Fouse
Jan 11, 2023
Do You Need Gap Insurance for a Leased Car?
Gap insurance may be a requirement of your lease, but even if it’s not, it’s good to have if you’re leasing a vehicle. Read more about gap insurance here.
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Brittni Brinn
Jan 10, 2023
Does Gap Insurance Cover Theft?
Gap insurance doesn’t cover theft, but it will cover the difference between the cash value and the amount owing on your car if it’s totaled in an accident.
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Andrea Barrett
Jan 11, 2023
Should I Get Gap Insurance on a Used Car?
Gap insurance is a good idea for a used car if its value is worth less than what you owe on your loan. Learn more here!
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Shannon Fitzgerald
Jan 06, 2023
How Much Does Gap Insurance Cost Per Month?
Gap insurance can cost anywhere from $3 a month to $60 a month, depending on a handful of factors. Learn the key to cheaper gap insurance here.
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Macy Fouse
Jan 04, 2023
Should I Get Gap Insurance From a Dealer or Insurance Company?
It’s almost always better to get gap insurance from an insurance company rather than a car dealer. Click here to learn why!
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Pat Roache
Jan 04, 2023
Everything You Need to Know About Honda Gap Insurance
Guaranteed Auto Protection (GAP) insurance can protect your leased or financed Honda if it’s deemed a “total loss.”
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Kaitlin May
Dec 12, 2022
What Happens When You Total a Financed Car?
If you total a financed car, you could owe your lender more than your insurance settlement. Learn what to do when you total a car that you still owe money on.
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Jacoba Bood
Dec 28, 2022
What to Do if You Crash a Leased Car
What happens if you get into an accident in your leased car? How do you report the accident? Will your insurance go up? Here’s all you need to know.
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Cheryl Knight
Jun 27, 2022
What Is Gap Insurance and What Does It Cover?
Gap insurance protects you when your new car is totaled and you owe more on your car than what it's actually worth, since it's depreciated since you bought it.
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Brady Klopfer
Dec 12, 2022
How to Cancel a Gap Insurance Policy and Get a Refund
If you want to cancel your gap insurance policy, you will have to do so through your insurance company or dealership.
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Jacoba Bood
Nov 24, 2022
What is Gap Insurance and is it Worth it?
Gap insurance covers the difference between the actual cash value of your vehicle and the amount you owe on your loan.
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Drew Waterstreet
Dec 12, 2022
When Your Car Is Totaled and You Don’t Have Gap Insurance
If your car is totaled with no gap insurance, you’ll be responsible for paying the money you owe on the car after you receive the actual cash value payout.
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Hillary Kobayashi
Nov 28, 2022
How Do I Know If I Have Gap Insurance?
To find out if you have gap insurance, check with your insurance company and review the terms of your loan or lease. If you want to know if you have gap insurance, read this guide and learn who to ask.
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Rachel Juillerat
Nov 17, 2022
All About Gap Insurance
Gap insurance can save drivers money, but is it right for you? Read on to find out.
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Nicholas Wilson
Dec 12, 2022

All Questions on Gap Insurance

What should my aunt do if she doesn't have gap insurance and her car was totaled?
My aunt recently got into a not-at-fault accident. Her car is totaled and she doesn't have gap insurance. She owes $13,000 on her loan and her vehicle is only worth $7,000. What should she do?
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Emily Maracle
May 03, 2021
Do I need gap insurance for a new 2020 Nissan Maxima?
I didn't need to put any money down at signing and my loan term is for 72 months. I'm being offered an affordable price for gap insurance. Do I need to add it?
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Emily Maracle
May 03, 2021
"Will I get enough cash from my claim to help me buy my next car?" "
My 2018 Ford Mustang was just totaled in an accident. I have gap coverage, so I know the bank will pay off the rest of my loan. But I don't have anything saved up for a new down payment for my next car. Will there be anything left over to use as a down payment?
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Shannon Martin
Apr 30, 2021
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?
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Lauren Smith
Feb 23, 2022
Does gap insurance cover engine failure?
My car’s engine just completely failed on me, and I’m scrambling to cover the replacement and repair costs. I have gap insurance from when I first bought my car two years ago—does gap insurance cover engine failure?
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Shannon Fitzgerald
Mar 09, 2022
How do I cancel gap insurance on my car?
I originally got gap insurance because of my loan terms. I've paid enough on my loan to no longer need it. How do I cancel it?
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Emily Maracle
Oct 25, 2021
Does Honda offer gap insurance?
Can you get gap insurance on a used car? I'm thinking about buying a certified pre-owned Honda and I'd want to purchase gap insurance. Is this available through the dealership?
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Sophie Newman
Jul 23, 2021
Can negative equity impact gap insurance payments?
I still owe $4,000 on my car loan after my insurance payout. My gap insurance is denying my claim because I have negative equity on my car. How can I get them to pay off the remaining balance?
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Emily Maracle
May 03, 2021
Where can I find gap insurance when buying my leased car?
I am going to be buying out my lease. Do I need gap insurance? Where I can find it? My current carrier doesn't offer it. My car is two years old. The loan is $10,000 and my car is valued at $12,000.
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Emily Maracle
May 03, 2021
What happens if my car was totaled the week after I bought it?
What happens to my car? Will the insurer pay for a new one? I just bought a car and one week later, it's totaled. I have comprehensive and collision insurance as required by my lender.
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Eric Schad
Jul 21, 2021
How can I remove gap insurance from my car loan after I break even on the loan?
I took a look at my car loan statement, and I noticed that I've finally broken even on the loan. Because of this, I no longer need gap insurance. How do I get rid of it?
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Eric Schad
May 03, 2022
Why would late payments affect the amount I'm receiving from my gap insurance?
I purchased my vehicle for $19,000. I still owed $16,000 on my loan when the car was totaled. My insurance paid out $11,000. I have gap insurance, but they said they will only pay out $3,500 due to late payments on my loan. How can I get them to pay the full amount?
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Emily Maracle
May 03, 2021
Does gap insurance apply if I let my auto insurance lapse?
I got into an accident with my financed vehicle. My insurance had lapsed and I'm also behind on my loan payments. I do have gap insurance. Would it help me?
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Emily Maracle
May 03, 2021
Could my gap insurance claim be rejected, and if so, why?
I have loan/lease coverage and gap insurance on my car. My insurance company is denying my loan/lease coverage claim. I'm worried that my gap insurance claim with another company will also be denied. Is there a reason why it could be? I still owe $2,000 on my loan.
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Emily Maracle
Nov 29, 2021
How do you find out if your car has gap insurance?
What’s the best way to find out if I have gap insurance? I'm currently upside down on my car loan. I remember my dealership talking about gap insurance but I don't know if I have it on my car.
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Emily Maracle
May 03, 2022
Does Nevada require gap insurance?
I'm buying my first car and my lender is offering gap insurance. Is it required on my car like car insurance is?
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Emily Maracle
Aug 16, 2021
How do I get out of my underwater car loan?
I’m a new car owner and my boyfriend told me I’m underwater on my car loan. How do I get out of this?
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Matthew Macgugan
Dec 08, 2021
Does gap insurance pay off your car?
My lender offers gap insurance with my loan. What's the purpose of it? Will it pay off my car?
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Emily Maracle
May 03, 2022
How will my gap insurance work after my Mustang was stolen?
My 2019 Ford Mustang was stolen recently. I have gap insurance, but will it apply to this? I have full coverage and I still owe more on my loan than my vehicle is worth.
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Emily Maracle
May 03, 2021
Does gap insurance cover repairs?
My vehicle was damaged in an accident. I was at fault. Will my gap insurance cover the damage?
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Emily Maracle
Aug 16, 2021
Will my gap coverage kick in if my auto insurance policy is canceled?
My car was totaled in an accident. The problem is when I filed my claim, I found out that my insurance policy got canceled for non-payment! I had no idea. Will my gap coverage still be in effect since the other insurance company is paying out for my car?
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Shannon Martin
Apr 29, 2021
Why should you put a down payment on a car?
What is the purpose of putting a down payment on a vehicle? If your car is totaled, wouldn't you lose the money you had put down?
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Emily Maracle
Apr 30, 2021
Can I use gap insurance on my brand-new vehicle in Washington?
My brand-new truck was totaled three weeks after I purchased it. I haven't even made my first payment. While I do have gap insurance, will it apply since I haven't even made a payment on the vehicle yet?
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Emily Maracle
Apr 30, 2021
Why wasn't I able to add gap insurance to my Jeep Wrangler?
When I purchased my Wrangler a year ago, my dealership said they couldn't add gap insurance because I'm in the military. My friend just bought their car and the dealership allowed them to add gap insurance, even though they're in the military as well. Was I lied to?
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Emily Maracle
May 10, 2021
Is it too late to add gap insurance to my new car?
I just bought a new car and forgot to add gap insurance. Is it too late to add it?
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Shannon Martin
Apr 29, 2021
How long do you have to insure a new car?
How soon do I have to insure my new car? I’m hoping there’s some sort of grace period but am not sure.
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Hana Sabah
Sep 23, 2021
How does gap insurance work after a car is stolen?
I just purchased a 2022 Kia Soul and I decided to get the gap insurance my seller recommended. I’m curious how this covers me, though. Like how exactly does gap insurance work after a car is stolen?
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Shannon Fitzgerald
Mar 09, 2022
Where can I get gap insurance?
I'd like to get gap insurance, but I don't know who or where to get it from. Is there a specific company I have to buy from? What are my options?
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Emily Maracle
Aug 16, 2021
I was refunded for my gap insurance twice. Can I cash both checks?
When I refinanced my car, I removed the gap coverage since I didn't think it was needed anymore. I then got a refund from the dealer and the bank, both for the same amount. Can I keep both checks?
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Shannon Martin
Apr 29, 2021
Can I use my gap insurance on a rental car?
My vehicle was totaled and I need to rent a car to get to work. I have gap insurance on my car. Will it also cover a rental car until I can get a new car?
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Emily Maracle
Aug 16, 2021

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