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Gap Insurance Coverage

Car Insurance Add-On


  • Peace of mind coverage when you buy a new car
  • Helps pay off your auto loan if your car is totaled or stolen and you owe more than it's worth

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What is loan or lease gap coverage?

Loan or lease gap coverage is an optional auto coverage add-on. It helps cover the difference between your car's value and what you still owe your lender if it's totaled or stolen.
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How Gap Insurance Protects Your Vehicle

Here are some ways a gap insurance policy can help protect you from unexpected losses.
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Did you know?
According to Insurance Information Institute, the value of a car goes down 20%-30% in the first year.
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You're Leasing Your Car

You're involved in an accident a few days after leasing your car, and your vehicle is a total loss. Leasing and loan gap coverage helps pay the difference, or the gap, to help cover what you owe.
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You Made a Small Down Payment on a New Car

You finance a new car with a small down payment. Now you have negative equity because you owe more money on the car than it’s worth. Gap insurance helps cover the difference if you owe more than the car is worth.
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You Have a Longer Financing Term for Your Car

You financed a new car but chose a longer loan term. There’s a good chance you'll pay a higher balance for longer now. Gap insurance covers the difference between what you owe and what the car is worth, even with a longer loan.
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Frequently Asked Questions

Trusted by over 12 Million Customers & Counting

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90+ Years

Over 90 years in business protecting our customers
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Named one of America’s Best Insurance Companies by Forbes
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12 Million Customers

Reliable, quality coverage for customers across 19 states

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