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 ...
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 ...
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Gap Insurance: When It Could Be Worth the Cost
Gap insurance, also known as Guaranteed Asset Protection, is a specialized insurance product designed to cover the difference between the outstanding loan balance on a vehicle and its current market ...
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 ...
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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 ...
If you've ever spent a Saturday afternoon in a car dealer's financing office, you've probably heard of gap insurance. But maybe you didn't fully know what it meant. If so, you're not alone. In simple ...
Gap insurance is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years ...
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 ...
If you owe money on an auto loan or you’re currently leasing your vehicle, investing in gap insurance is a no-brainer. Gap insurance can help you pay off the difference between the actual value of ...
A car's value can depreciate as much as 20% in its first year. If you're leasing or financing your vehicle, you could quickly find yourself in a situation where the balance on your auto loan is more ...
Gap insurance is optional car insurance endorsement that covers the “gap” between the amount owed on a vehicle and its actual cash value (ACV) in the event it is totaled, stolen or rendered a total ...
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