Vehicle Protection Products

The Most Comprehensive Solutions to Protect your Vehicle
Young couple in a car with thumbs up

GAP Insurance

GAP insurance covers the difference between what your car is worth (the book value) and what you still owe on it. Sometimes the difference between what you owe and what your vehicle is worth can be thousands of dollars. This happens because cars depreciate quickly. If your car is totaled in an accident, or even stolen, the value you get for the car may be significantly less than what you still owe on the car.

For example, if you buy an $18,000 car, with $500 down, you still owe $17,500. Let’s say you make $350 payments for five months (so you’ve paid $1,750), and then your car is totaled. You still owe $15,750, but your car is only worth $14,000 now. That means you have to cover the $1,750 difference out of your pocket — unless you have GAP insurance. GAP insurance makes up the difference (the gap), so that you don’t come out behind.

Key Benefits

  • Industry leading coverage: 125% of MSRP new or retail value used
  • High Coverage Term: 66 to 84 months (depending on state)
  • Customer Deductible Covered up to $1,000
  • Fully refundable in the first 30 days of your contract

*Note that not every benefit listed is available in every state. Please see your agreement for a complete description of the applicable exclusions and benefit terms and conditions.