Imagine this happens: Your car or truck is suddenly totaled or stolen. Gap insurance is there to help to bridge the difference (the “gap”) between what you presently owe on a loan or lease and what ...
There’s nothing quite like the feeling of driving a brand-new car off the lot. The spotless interior, the gleaming paint, the distinctive “new car smell”-it’s a moment of pure excitement. You have ...
What exactly is gap insurance? Do you need it? If you're in an accident and your car is totaled, your insurance company will replace your vehicle, right? Not necessarily. This is an important question ...
I liken GAP (guaranteed asset protection) insurance to being “underwater” with your mortgage — aka, when your home loan is greater than your home is worth. As long as you keep paying your monthly ...
As it pertains to cars, gap insurance covers the difference between what you owe on your car loan and the actual cash value of your car if it’s totaled in a crash. That “gap” can amount to quite a bit ...
As Jalopnik's resident car-buying expert and a professional car shopper, I get emails. Lots of emails. I've picked a few of your questions and will try to help out. This week we are discussing why ...
Gap insurance covers the difference between your car loan balance and what your car insurance company pays if your vehicle is totaled or stolen. If your vehicle is paid in full, you don’t need gap ...
View post: Porsche Motorsport North America and K1 Speed are Offering a Path to Real Professional Racing This is part of our Car Buyer’s Glossary series breaking down all the terms you need to know if ...
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Average cost of gap insurance in 2025
Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...
Many people will only hear about GAP insurance when they buy a new vehicle at a dealership, as a salesperson will often try to sell them a policy. However, you are under no obligation to buy it. That ...
Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...
Gap insurance can come to the rescue if your vehicle is totaled or stolen and you owe more on it than what it's worth. Many, or all, of the products featured on this page are from our advertising ...
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