What is gap insurance on an auto loan?

A majority of car buyers will finance their purchase. Since a car purchase is one of the bigger purchases that you’ll make in your life, aside from buying a home, it’s important that you understand how your loan works. Not only should you compare interest rates and dealership promotions, you should also take time out…

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Should I get GAP insurance on a used car?

GAP insurance, or guaranteed asset protection insurance, is designed to protect your financial interests in the event that you total your vehicle and owe more on the loan than the actual cash value of your car. But should I get GAP insurance on a used car? Can I get GAP insurance on a used car?…

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Is GAP insurance worth it on a new car?

You can buy specialty insurance products to protect you against virtually any event. There’s disability insurance to help you cover bills when you’re disabled, there’s accident insurance to pay for emergency medical bills after an accident, and there’s even trip interruption insurance that pays for flights back home if an emergency stops your vacation. With…

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Should I buy gap insurance for a leased vehicle?

You never want to find yourself in an accident with a car that is a total loss and having to pay the difference between what the adjuster estimates your car’s value is and what you still owe on the bank. Outside of the stress of the accident, this scenario will also put stress on your…

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How does gap insurance work after a car is stolen?

Shopping for car insurance is easier and less expensive when you use an online comparison tool. Start comparing car insurance rates now by using our FREE tool above! When choosing a policy, be sure your policy covers vehicle theft. Having your vehicle stolen can be very traumatizing. Many victims feel violated, some in many different…

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How does gap insurance work when a car is totaled? (New)

GAP insurance in its most basic form covers the gap between your car’s market value and what you owe on your car loan or lease. Without GAP insurance, you could still owe money on your car if it gets totaled in a car accident. When searching for a policy you should always use a comparison…

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Free Auto Insurance Quotes Online

Many excellent advantages exist to shopping for auto insurance online. It is easy for drivers throughout the nation to get auto insurance quotes quickly that are also free. Simply enter your zip code above to start finding FREE quotes now. Working out the Cost of Ownership These are all products that factor into what is known…

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Auto gap insurance–is it needed?

Auto gap insurance is not something that consumers need to purchase. However, as an optional car insurance cover, it does have the potential of saving you hundreds or thousands of dollars if your car becomes a total loss. Read on to decide if you need this type of auto insurance coverage. Enter your zip code…

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Filling in the GAPs

Sure, you’ve got your auto insurance, but do you know whether or not you’ll wind up taking a serious financial hit if your car is totaled? If you don’t also have GAP insurance on your car loan, you might be in for a big, unpleasant surprise. Everyone knows that the moment you drive your car…

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