Cheap Gap Insurance in Florida: 9 Best Low-Cost Companies (2026)
Progressive, State Farm, and Nationwide have the cheapest gap insurance in Florida, with rates from $4 a month. Gap insurance helps cover what you still owe after a total loss if your car is worth less than your loan or lease balance. Compare quotes from Florida insurers before taking the dealer’s gap coverage.
Read more
Find the Lowest Car Insurance Rates Today
Quote’s drivers have found rates as low as $42/month in the last few days!
Table of Contents
Table of Contents
Published Insurance Expert
Melanie Musson is the fourth generation in her family to work in the insurance industry. She grew up with insurance talk as part of her everyday conversation and has studied to gain an in-depth knowledge of state-specific car insurance laws and dynamics as well as a broad understanding of how insurance fits into every person’s life, from budgets to coverage levels. She also specializes in sustai...
Melanie Musson
Managing Editor
Daniel S. Young began his professional career as chief editor of The Chanticleer, a Jacksonville State University newspaper. He also contributed to The Anniston Star, a local newspaper in Alabama. Daniel holds a BA in Communication and is pursuing an MA in Journalism & Media Studies at the University of Alabama. With a strong desire to help others protect their investments, Daniel has writt...
Daniel S. Young
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Chris Abrams
Updated June 2026
The cheapest gap insurance companies in Florida are Progressive, State Farm, and Nationwide, with low rates starting at $4 monthly.
- Progressive and State Farm have the cheapest gap insurance in Florida
- Gap insurance protects Florida drivers with financed or leased vehicles
- Some auto lenders may require drivers to get gap coverage
Progressive has the lowest cost for gap insurance, and State Farm is renowned for customer satisfaction. Safe drivers can save even more on gap insurance with Nationwide’s 40% usage-based auto insurance discount. Find Out More: Nationwide SmartRide App Review
9 Best Companies: Cheapest Gap Insurance in Florida
| Company | Rank | Monthly Rates | Car Age Limit | Best for |
|---|---|---|---|---|
 | #1 | $4 | 3 Years | Cheapest Rates |
 | #2 | $5 | 5 Years | Customer Service |
 | #3 | $7 | 6 Years | Deductible Add-On |
 | #4 | $8 | 5 Years | Military Members |
 | #5 | $9 | New Only | Bundling Policies |
 | #6 | $10 | New Only | Add-On Options |
 | #7 | $12 | New Only | Infrequent Drivers |
 | #8 | $13 | New Only | Senior Benefits |
 | #9 | $15 | New Only | Safe Drivers |
These companies dominate the market, ensuring you get comprehensive gap coverage in Florida without breaking the bank. Start saving on Florida auto insurance today by entering your ZIP code and comparing quotes.
Comparing Gap Insurance Costs in Florida
Gap insurance in Florida can be affordable and helps cover the difference between your car’s value and what you still owe if it’s totaled or stolen.
Your cost depends on where you buy coverage, how your vehicle is financed, and your risk profile. Drivers can get gap insurance through an auto insurer, dealer, lender, or standalone provider.
How Your Gap Insurance Provider Can Affect Premiums in Florida
The company you choose can change what you pay for gap insurance. Florida drivers may be able to buy coverage through an insurance company, dealership, lender, credit union, or specialty provider.
Many dealerships offer gap insurance when you buy a vehicle. This option is convenient, but it can cost more if the premium is added to your loan and financed over time.
Florida Gap Insurance Monthly Rates by Provider
| Insurance Company | Gap Only | Full Coverage + Gap |
|---|---|---|
| $12 | $307 |
| $15 | $285 |
| $10 | $213 |
| $7 | $185 |
| $4 | $246 |
| $5 | $182 |
| $13 | $216 |
| $9 | $204 |
| $8 | $169 |
Consider car insurance with gap coverage from a standard insurance provider to find a better deal.
When comparing the best gap insurance companies in Florida, Progressive offers the lowest rate, with basic gap coverage at $4 a month. By comparison, The Hartford starts at about $13 a month. Florida auto insurance rates can also stay lower for older drivers who qualify for senior discounts.
The Hartford provides some of the best auto insurance for seniors in Florida with exclusive AARP discounts that lower rates.
Gap Insurance Coverage Limits and Policy Details
| Company | Limits | Requirement | Term | Benefits |
|---|---|---|---|---|
| $50K | Loan/Lease | 6 yrs | Gap Waiver |
| $50K | Comprehensive | 5 yrs | Flexible Limits |
| $30K | Loan/Lease | 6 yrs | Loan Payoff |
| $75K | Vehicle ≤ 4 yrs | 5 yrs | Policy Add-Ons |
| $30K | Loan/Lease | 6 yrs | Value Cap |
| $100K | Loan/Lease | 5 yrs | Dealer Access |
| $100K | Loan/Lease | 5 yrs | New Car Add-On |
| $100K | Nearly-New Car | 5 yrs | Dealer Purchase |
| $100K | Military/Veteran | 5 yrs | Military Savings |
Some gap auto insurance providers offer gap coverage as a low-cost policy add-on. This option may save money, but availability can depend on the vehicle and the insurer’s rules.
Banks, lenders, and credit unions may also sell gap protection. Comparing these options can help you find lower costs and better terms than the dealership offers.
How Your Driving Record Can Affect Gap Insurance Costs
Your driving record has a big effect on what you pay for Florida gap coverage. Tickets, at-fault accidents, and serious violations can raise your overall car insurance costs because insurers may see you as a higher-risk driver.
Gap insurance is usually priced differently from standard auto coverage. Many providers focus more on your loan balance, vehicle depreciation, and financing details than on your driving history.
Florida Gap Insurance Monthly Rates by Driving Record
| Company | Clean Record | One Accident | One DUI | One Ticket |
|---|---|---|---|---|
| $12 | $18 | $16 | $15 |
| $15 | $22 | $21 | $19 |
| $10 | $15 | $14 | $13 |
| $7 | $10 | $10 | $9 |
| $4 | $6 | $5 | $5 |
| $5 | $7 | $7 | $6 |
| $13 | $19 | $18 | $17 |
| $9 | $13 | $12 | $12 |
| $8 | $12 | $11 | $10 |
Still, your driving record can affect your total cost when gap coverage is added to an auto insurance policy. If violations make your base policy more expensive, your total insurance bill may also go up. Related: How Auto Insurance Companies Check Driving Records
Drivers with clean records usually have an easier time keeping insurance costs low. Cheap full coverage rates can also make it easier to add gap protection when financing or leasing a car.
If you have recent tickets or accidents, start your car gap insurance quote comparison today.
How Age and Gender Can Affect Gap Insurance Rates
Age and gender often affect auto insurance rates in Florida. Younger drivers usually pay more because they have less experience behind the wheel and tend to file more claims.
Depending on the insurer, gender can also play a role because companies may price risk differently for male and female drivers.
Gap insurance cost in Florida isn’t always affected by age and gender in the same way. Auto gap insurance providers often focus more on the vehicle’s value, loan amount, and how quickly the car may depreciate. These factors can still affect what you spend on gap insurance.
Drivers who pay higher premiums for full coverage may pay more when gap insurance is bundled with their auto policy.
Young drivers should look at the full cost of financing and insuring a car. Gap insurance can help, but it’s just one part of the total bill.Scott W. Johnson Licensed Insurance Agent
Older drivers may qualify for lower auto insurance rates, but they should still compare gap insurance providers.
Prices and coverage terms can vary from one company to another.
How Gap Insurance Claims Can Affect Your Costs in Florida
Heavy traffic and high repair costs can make Florida car insurance claims more expensive.
If your financed or leased vehicle is totaled, gap insurance may help pay what’s left after your auto insurance payout.
5 Most Common Auto Insurance Claims in Florida
| Rank | Claim Type | Portion of Claims | Cost per Claim |
|---|---|---|---|
| #1 | Rear-End Collisions | 32% | $4K |
| #2 | Intersection Accidents | 24% | $4.5K |
| #3 | Windshield Damage | 18% | $1.2K |
| #4 | Damage to Parked Vehicles | 14% | $2.5K |
| #5 | Vandalism | 9% | $2K |
Gap insurance doesn’t pay first. Your collision or comprehensive coverage pays your car’s actual cash value after a total loss. Gap coverage may then help pay the difference between that payout and what you still owe on the loan.
A gap claim may not raise the cost of gap coverage itself, but the accident behind the claim can raise your car insurance premium, especially if you were at fault.
Florida Annual Traffic Accidents & Claim Cost by Major City
| City | Accidents per Year | Average Claim Cost |
|---|---|---|
| Fort Lauderdale | 12.4K | $7.8K |
| Jacksonville | 31.9K | $6.6K |
| Miami | 38.9K | $8.5K |
| Orlando | 24.5K | $7.1K |
| Tampa | 26.7K | $7.6K |
Cities in Florida experience varying levels of accidents and insurance claims.
Drivers in major cities should be aware of the higher accident and claim rates, particularly in Miami, where the number of incidents and related claims are significantly above the state average.
Florida Report Card: Auto Insurance Premiums
| Category | Grade | Explanation |
|---|---|---|
| Average Claim Size | C+ | Above average costs |
| Traffic Density | C- | Heavy urban congestion |
| Uninsured Driver Rate | D | Many drivers uninsured |
| Vehicle Theft Rate | A- | Low urban theft |
| Weather-Related Risks | F | Storm damage risk |
After a total loss, compare quotes before renewing your policy. Florida auto insurance rates can vary by insurer, ZIP code, vehicle make and model, and driving history, and a single claim may not affect every company the same way.
Keep your insurance settlement, loan payoff amount, and gap policy documents in one place. Having these records ready can help your gap claim move faster.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
What is Gap Insurance and How Does it Work in Florida?
Gap insurance helps cover the difference between your car’s value and what you still owe on your loan or lease if your vehicle is totaled or stolen.
In Florida, a standard auto insurance payout is usually based on your car’s actual cash value, not your loan balance. If your car loses value faster than you pay down your loan, you could still owe money on a car you can’t drive anymore.
For example, say your car is totaled, and your insurance pays $22,000, but you still owe $26,000. Gap insurance can help cover the $4,000 difference. It doesn’t pay for repairs, mechanical issues, missed payments, or your deductible unless your policy includes deductible coverage.
Gap insurance can be useful in Florida if you lease your car, have a long loan, made a small down payment, or owe more than your car is worth. Your lender or leasing company may also require it.
Gap insurance is usually worth considering when your loan balance is higher than your car’s value. The bigger that gap is, the more risk you’re carrying if the car is totaled or stolen.Malory Will Insurance Copywriter
It’s especially important to compare the cost of gap coverage with how much you could owe out of pocket if your car is totaled or stolen.
The key is knowing when the protection is worth the price. Once your car is worth more than you owe, gap insurance usually stops being useful.
Where to Purchase Gap Insurance Coverage in Florida
If you’re wondering where to buy gap insurance, you have a few options depending on how you finance or lease your car.
You can usually find gap insurance in Florida from:
- A bank or credit union
- A standalone gap insurance provider
- The dealership where you buy or lease your car
- Your auto insurance company
- Your lender or leasing company
Buying gap insurance through your auto insurer is often the easiest option because you can add it to your policy.
Dealerships and lenders may also offer gap coverage when you finance or lease your car, but like many optional car dealership add-ons, the cost can be rolled into your loan, which means you’ll pay interest on it.
You can also find coverage through credit unions, such as SunCoast gap insurance, which offers protection for loan terms of up to 84 months.
Before you buy, check whether the policy covers your deductible, how long the coverage lasts, when it ends, and whether you can get a Florida gap insurance refund if you pay off your loan early or cancel coverage. Gap insurance usually stops making sense once you owe less than your car is worth.
Ways to Save Money on Gap Insurance in Florida
You can lower the cost of gap insurance in Florida by reviewing factors that affect your auto insurance premium, such as your deductible, annual mileage, available discounts, driving history, and whether your policy only meets Florida’s minimum auto insurance requirements.
Here are some tips:
- Ask About Discounts: Check with your insurer to see if you qualify for discounts for safe driving, low mileage, multiple vehicles, or anti-theft devices.
- Compare Quotes: Get quotes from several insurance companies to find the best rate. Prices can vary significantly between insurers for the same coverage.
- Drive Less: If you drive fewer than 10,000 miles per year, consider a pay-as-you-go auto insurance program in Florida. Lower annual mileage may help you qualify for additional savings.
- Raise Your Deductible: Choosing a higher deductible can lower your premium, but make sure you can afford the added out-of-pocket expense if you need to file a claim.
Many gap insurance providers in Florida also offer drivers savings if they bundle auto insurance with another policy, like homeowners or renters insurance. You can also find multi-policy discounts to lower your total insurance costs.
Compare the full policy price, not just the gap add-on. Discounts can change which option is actually cheapest.Tim Bain Licensed Insurance Agent
Bundling insurance policies may also unlock a higher discount than you’d get by buying each policy separately.
You’ll generally get the cheapest car insurance in Florida if you keep your driving record clean. In Florida, insurers often raise rates for drivers with accidents, claims, or traffic violations. Safe drivers may get lower premiums and qualify for more discounts.
Top Auto Insurance Discounts in Florida With Gap Coverage
| Company | Bundling | Low Mileage | Multi-Car | Safe Driver |
|---|---|---|---|---|
| 25% | 30% | 10% | 18% |
| 20% | 10% | 12% | 20% |
| 25% | 30% | 25% | 20% |
| 20% | 40% | 15% | 12% |
| 10% | 30% | 12% | 10% |
| 17% | 30% | 20% | 20% |
| 5% | 10% | 10% | 8% |
| 13% | 20% | 8% | 15% |
| 10% | 20% | 10% | 10% |
Usage-based insurance can also be a smart way to lower your costs if you don’t drive much or you already practice safe driving habits. These programs usually track things like mileage, braking, acceleration, and when you drive.
Before joining a usage-based program, make sure you understand how the insurer uses your driving data. A lower rate is helpful, but only if the program fits the way you actually drive.
Top Usage-Based Auto Insurance (UBI) Programs
| Company | Program | Savings | System |
|---|---|---|---|
| Drivewise | 30% | Mobile App |
| Signal | 30% | Mobile App |
| RightTrack | 30% | Plug-in Device |
| SmartRide | 40% | App or Device |
| Snapshot | 30% | Mobile App |
| Drive Safe & Save | 30% | App or Device |
| TrueLane | 40% | Mobile App |
| IntelliDrive | 30% | Mobile App |
| SafePilot | 30% | Mobile App |
Savings vary by insurer, so it’s worth comparing programs before signing up. Check how your driving is tracked, what discount you can earn, and whether risky driving data could raise your rate.
Enter your ZIP code to compare quotes from insurance companies with gap coverage and find cheap usage-based auto insurance with our free tool.
Who Needs Gap Insurance Coverage?
Florida gap insurance coverage makes the most sense if there’s a chance you’ll owe more on your car than it’s worth after a total loss.
This coverage is most useful when your loan or lease balance could stay higher than your car’s actual cash value.
That risk is higher for newer vehicles, small down payments, long loan terms, and cars that depreciate quickly.
Since standard auto insurance typically pays only the vehicle’s actual cash value, gap coverage can help cover the difference between that payout and your remaining loan or lease balance.
Drivers Who Lease or Finance Their Car
Many leasing companies require gap insurance for leased cars. Some leases include this coverage, while others ask you to buy it separately from the dealer, lender, or insurance company. Find Out More: Is full coverage auto insurance required to lease a car?
Gap coverage can also be useful with a car loan. Early on, the loan balance can sit above the car’s market value. If the car is totaled or stolen, gap insurance can help cover the difference between the amount your insurance pays and the car’s value.
Drivers With Low or Negative Equity
If you make a small down payment, usually less than 20%, gap insurance might be a good idea. You start with less equity, which makes it easier for your car’s value to fall below your loan balance. The smaller your down payment, the longer it may take to owe less than the car is worth.
Gap insurance also helps if you already owe more than the car is worth. That can happen when you roll negative equity from a previous car into a new loan.
Drivers With Long Loans or Fast-Depreciating Cars
Long loans, such as 60-, 72-, or 84-month terms, can keep you underwater longer. Lower monthly payments may help your budget, but they also slow down how quickly you build equity.
Gap coverage can also make sense for new or fast-depreciating vehicles. New cars often lose value quickly in the first few years, and gap insurance can protect you if the car’s value drops faster than your loan balance. On This Topic: How do insurance adjusters determine the value of a car?
Gap insurance is most useful early in a loan, when depreciation can outrun your payments. Recheck it each year so you’re not paying for coverage you no longer need.Michelle Robbins Licensed Insurance Agents
The risk is highest when your car is new, and your loan is still large. Checking your loan balance against your car’s value once a year can help you know when gap coverage no longer makes sense.
A longer loan can make gap coverage useful for longer, so it’s worth reviewing before you cancel it.
Drivers Who Could Face Out-of-Pocket Costs
Gap insurance is worth considering if paying thousands of dollars after a total loss would be hard for you. Without it, you might still owe money on your loan or lease after your insurer pays your car’s value.
You probably don’t need gap insurance once your loan balance is less than your car’s value. It’s also not needed if you paid cash, made a big down payment, have a short loan, or already have gap protection from your lease or lender.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Cheapest Florida Gap Insurance Providers
Progressive, State Farm, and Nationwide have the cheapest gap insurance coverage in Florida, starting at just $4 per month.
To find the best gap insurance in Florida, consider monthly costs, strong payoff protection, broad eligibility, and reliable claims support.
#1 – Progressive: Top Pick Overall
Pros
- Competitive Pricing: At $4 a month, Progressive offers an affordable option for gap insurance in Florida.
- A+ A.M. Best Rating: Progressive’s strong financial stability makes it a reliable choice among other top gap insurance providers in Florida.
- Snapshot Savings: Sign up for Progressive Snapshot usage-based insurance plans to save over $200/year on insurance in Florida.
Cons
- Potential for Rate Increases: There is a risk that rates for Progressive gap insurance in Florida could increase after the first policy term.
- Moderate Coverage Flexibility: Progressive gap insurance in Florida may not fully cover all vehicle financing situations, which could limit its appeal.
#2 – State Farm: Best Customer Service
Pros
- Good Claims Satisfaction: State Farm’s strong track record in claims satisfaction makes it a reliable choice for gap insurance in Florida. Get full ratings: State Farm Auto Insurance Review
- Discounts for Multi-Policy Holders: You can save by bundling State Farm gap insurance with other policies.
- Drive Safe & Save: Florida drivers can save up to 30% on gap insurance by tracking driving habits and mileage with State Farm UBI.
Cons
- Rate Increases for Bad Driving: Read our Drive Safe and Save review to see how bad driving habits can shrink discounts on Florida gap insurance.
- Moderate Financial Rating: State Farm’s A+ rating may be a concern for some consumers seeking the highest-rated financial security for their gap insurance in Florida.
#3 – Nationwide: Cheapest Vanishing Deductible
Pros
- Vanishing Deductibles: Nationwide makes it easy for Florida drivers to reduce their gap insurance deductibles by avoiding claims and accidents.
- Online Policy Management: Nationwide’s user-friendly online tools allow you to easily manage your gap insurance policy in Florida from anywhere.
- Strong Claims Process: Nationwide is recognized for its efficient claims handling process, ensuring prompt support and resolution for gap insurance in Florida.
Cons
- Higher Premiums: Nationwide gap insurance in Florida costs $7 per month, making it more expensive than gap insurance from other companies.
- Complex Discount Qualifications: Earning discounts for gap insurance in Florida with Nationwide can be complex, requiring customers to meet multiple criteria.
#4 – USAA: Cheapest for Military Members
Pros
- Superior Customer Service: Our review of USAA found that the company is highly regarded for its excellent customer service and provides dedicated support for gap insurance in Florida.
- Loyalty Discounts: USAA offers loyalty discounts to long-term members, making their gap insurance in Florida even more affordable.
- SafePilot Savings: Drivers who sign up for SafePilot UBI could save up to 30% on Florida gap insurance with safe driving habits.
Cons
- Not Available to Non-Military: USAA gap insurance is available exclusively to active and retired military members and their families.
- Primarily Online Service: USAA’s services, including gap insurance in Florida, are largely managed online, with limited in-person support available.
#5 – Travelers: Cheapest When Bundling Policies
Pros
- Significant Bundling Discounts: Travelers offers substantial discounts when you bundle gap insurance in Florida with other insurance products, such as home or auto insurance.
- A++ Financial Rating: Travelers’ top-tier financial strength rating ensures a secure and reliable option for gap insurance in Florida.
- Advanced Online Management Tools: Travelers offers robust, user-friendly online tools to manage gap insurance in Florida, enhancing the overall policyholder experience.
Cons
- Higher Premium Costs: At $9 per month, Travelers gap insurance in Florida is the most expensive option available.
- Limited Vehicle Eligibility: Some vehicle types may not qualify for Travelers gap insurance in Florida, limiting its availability to certain customers.
#6 – Liberty Mutual: Cheapest Customizable Policies
Pros
- Highly Customizable Policies: Liberty Mutual excels in offering gap car insurance coverage in Florida that can be tailored to meet a wide range of customer needs.
- Accident Forgiveness Feature: Liberty Mutual includes accident forgiveness in its gap insurance in Florida, which can help keep premiums steady after an at-fault accident.
- RightTrack UBI: Safe drivers save big on Florida gap insurance with a good driving record and low mileage. Read our Liberty Mutual RightTrack review to learn how to qualify.
Cons
- Poor Customer Service: Liberty Mutual ranks below its competitors for Florida gap insurance reviews and claims satisfaction. Read more in our guide: Liberty Mutual Auto Insurance Review
- Complex Customization Process: While customizable, Liberty Mutual’s gap insurance in Florida may require navigating a complex process to tailor coverage, which could be confusing.
#7 – Allstate: Cheapest for Infrequent Drivers
Pros
- Usage-Based Variety: Safe drivers get 30% off gap insurance in Florida with Allstate Drivewise, and low-mileage drivers can save with Allstate Milewise regardless of driving record.
- Comprehensive UBI Programs: The Allstate Drivewise app provides discounts and helps drivers monitor and improve their driving habits, enhancing the value of their gap insurance in Florida.
- Solid Customer Support: Allstate is known for its dependable customer service, providing strong support for gap insurance in Florida.
Cons
- Higher Monthly Premiums: Allstate gap insurance rates in Florida are often more expensive without usage-based programs.
- Limited Coverage Flexibility: Allstate gap insurance in Florida may not offer as many customization options as other providers, potentially limiting its appeal.
#8 – The Hartford: Cheapest for Senior Drivers
Pros
- Exclusive Benefits for Seniors: The Hartford offers unique benefits for senior drivers who need gap insurance in Florida.
- A+ Financial Stability: The Hartford’s strong financial rating ensures reliability and long-term security for gap insurance in Florida. More Details: The Hartford Auto Insurance Review
- Outstanding Customer Support: The Hartford is recognized for its excellent customer service, providing dedicated support for gap insurance in Florida.
Cons
- High Monthly Rate: The Hartford gap insurance in Florida is among the most expensive among our top providers, with a monthly premium of $13.
- Limited Eligibility for Benefits: The Hartford gap insurance in Florida is only available to senior drivers who are AARP members.
#9 – Farmers: Cheapest With Signal App
Pros
- Signal App Discounts: Farmers offers discounts on gap insurance in Florida through its Signal app, which rewards safe driving behavior with lower premiums.
- A-Rated Financial Security: Farmers’ A rating from A.M. Best provides a reliable and financially secure option for gap insurance in Florida.
- Unique Discount Opportunities: Farmers provides exclusive gap insurance discounts for safe driving in Florida.
Cons
- Lowest Customer Satisfaction: Farmers is last for Florida gap insurance customer satisfaction in annual J.D. Power surveys.
- Most Expensive: Farmers has the most expensive gap protection insurance of all providers ranked, at $15 per month.
Find Low-Cost Florida Gap Insurance Coverage Now
Getting cheap auto insurance in Florida starts with getting the right gap insurance for your new car.
Progressive, State Farm, and Nationwide have cheap gap insurance in Florida with additional usage-based savings for good and low-mileage drivers.
Progressive offers customizable insurance plans that evolve with drivers’ changing needs. Whether it involves adding new coverages or modifying existing ones, Progressive offers financial security and flexible options that appeal to drivers seeking personalized solutions.
On the other hand, State Farm is known for its excellent customer service and competitive rates.
Use our free comparison tool to compare gap insurance prices in Florida and find the best coverage for you.
Frequently Asked Questions
How much is gap insurance in Florida?
Gap insurance in Florida usually costs $4 to $15 per month. Your rate depends on the insurance company, your vehicle, and the coverage options you choose.
Is gap insurance required in Florida?
How does gap insurance work in Florida?
Gap insurance in Florida helps pay the difference between your car’s actual cash value and the amount you still owe on your loan or lease if your vehicle is totaled. Learn More: Is gap insurance transferable if you sell the car?
Make sure your vehicle is protected by entering your ZIP code into our gap insurance comparison tool.
When does gap insurance pay out?
Gap insurance pays out if your car is totaled or stolen and your insurance payout is less than what you still owe on your loan or lease.
What does gap insurance cover in Florida?
Gap insurance in Florida covers the gap between your vehicle’s actual cash value and your remaining loan or lease balance if your car is totaled.
Is gap insurance worth it in Florida?
Florida auto loan gap insurance may be worth it if you finance or lease your vehicle. It can help cover what you still owe if your car is totaled and your insurance payout is less than your loan or lease balance.
What are the downsides of gap insurance in Florida?
The downsides of gap insurance in Florida can include added monthly costs, limited coverage options, and no coverage for repairs or mechanical problems, such as engine failure. Read More: Mechanical Breakdown Insurance (MBI)
Who offers gap insurance in Florida?
There are several major insurance companies that offer gap coverage in Florida, including Progressive, USAA, State Farm, and Allstate. Start comparing costs from top gap insurance providers with our free quote comparison tool.
Where can I buy gap insurance?
You can buy gap auto loan coverage from an auto insurance company, dealership, lender, or credit union. Buying it through an insurer is often cheaper than adding it through a dealership or loan agreement.
Can you get gap insurance for a used car?
Yes, you can get gap insurance for a used car if it’s financed or leased and the vehicle meets the insurer’s age, mileage, and loan requirements. Compare gap insurance providers for used cars since availability and pricing can vary.
Does gap insurance cover your deductible?
Gap insurance usually doesn’t pay your deductible. It covers the difference between your insurance payout and the amount you owe on your vehicle.
Does gap insurance in Florida cover engine failure?
Can you cancel gap insurance in Florida?
When should I drop gap insurance in Florida?
Does Geico sell gap insurance in Florida?
Is Allstate cheaper than Geico gap insurance in Florida?
Get a FREE Quote in Minutes
Insurance rates change constantly — we help you stay ahead by making it easy to compare top options and save.
