a man and woman sitting on a couch with a laptop

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

Learn More

Arrow

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.
shield divider

How Gap Insurance Protects Your Vehicle

Here are some ways a gap insurance policy can help protect you from unexpected losses.
Lightbulb

Did you know?

According to Insurance Information Institute, the value of a car goes down 20%-30% in the first year.
a man smiling and holding a mouse

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.
a man and woman with a dog

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.
a person and a dog on a beach

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.
question mark

Frequently Asked Questions

Trusted by over 12 Million Customers & Counting

a white t-shirt with blue text

90+ Years

Over 90 years in business protecting our customers
icon

12 Million Customers

Reliable, quality coverage for customers across 19 states

Getting a Quote Is Easy

Customize your experience.
Do It Yourself - Start a Quote

Get Started

Go your own way — get quick pricing and coverage options online.
Work With An Agent

Work with an Expert

Find the perfect agent for you and get free, no-pressure advice.