Gap insurance
Real Protection for real drivers
WHY GAP INSURANCE MATTERS FOR YOU
GAP Insurance covers the difference between your car’s current market value and the amount you still owe on your loan. If your vehicle is totaled or stolen, standard insurance may not cover your full debt, leaving you with a costly financial gap.
FINANCIAL
GAP
Avoid owing money on a car you can no longer drive after an accident.
TOTAL
COVERAGE
Understand how to bridge the payout shortfall from standard insurance providers.
- Discover how depreciation impacts your auto loan balance.
- Learn why new car owners prioritize GAP protection today.
TOP BENEFITS
EXPLORE THE DIFFERENT TYPES OF GAP INSURANCE PROTECTION
FINANCIAL
SECURITY
GAP PROTECTed
LOAN/LEASE
COVERAGE
FINANCE GAP
VEHICLE
REPLACEMENT
RETURN GAP
NEGATIVE
EQUITY
ASSET GAP
HOW GAP INSURANCE CLAIMS WORK
Understanding the process of securing your financial automotive future.
LOAN STATUS
Review your current auto loan balance and terms.
CAR VALUE
Compare your loan amount against current market prices.
COVERAGE
Choose the GAP policy that fits your vehicle type.
INVESTMENT
Finalize protection to bridge any potential payout gaps.
MARKET INSIGHTS
UNDERSTANDING THE FINANCIAL RISKS OF VEHICLE DEPRECIATION
Learn how rapid market value drops can leave you owing more than your payout.
CLARITY
REPORTS
To better understand your needs, we provide detailed research on the gap between insurance settlements and outstanding auto loans for modern car buyers.
Here are the main concerns of users
Understanding how GAP coverage protects your vehicle's financial value can be complex. We have compiled the most frequently asked questions to help you navigate your auto loan protection and ensure you have the right information before making a decision.
GAP insurance covers the “gap” between what you owe on your auto loan and the actual market value of your car if it is totaled or stolen. It ensures you aren’t left paying for a car you can’t drive.
While not legally required by law, many lenders and leasing companies require it as part of your finance agreement to protect their investment in the event of a total loss.
You have negative equity if your current car loan balance is higher than the car’s current resale value. This is very common with new cars due to rapid depreciation.
Most informational guides suggest that you can cancel once your loan balance is lower than the car’s market value, though you should always check the specific terms of your individual provider.
No, GAP insurance is strictly for financial shortfalls following a total loss (theft or major accident). It does not function as a warranty for mechanical repairs or routine maintenance.