Should I get gap insurance for a used car? (2024)

A top question readers ask is, “Should I get gap insurance on a used car?” You should get gap insurance for a used car if you finance it and the loan exceeds its market value, which could be the case for newer used vehicles, long-term loans, or loans without a down payment.  So, what’s gap…

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Guaranteed Auto Protection (Gap) Insurance (2024)

Guaranteed auto protection (Gap) insurance stands for guaranteed asset protection and helps pay off upside-down car loans for totaled vehicles You can buy gap coverage through an insurance company or dealership, but insurance companies usually offer lower prices You can cancel gap insurance once your car’s value exceeds how much you owe on your loan…

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How does gap insurance work after a car is stolen? (2024)

You may be wondering how gap insurance works after your car gets stolen. If you have gap insurance on a stolen car, some insurers will cover you if you carry comprehensive auto insurance coverage. Read More: Does auto insurance pay if my car is stolen? This article gives you information about protecting yourself financially, what…

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