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
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.
How Gap Insurance Protects Your Vehicle
Here are some ways a gap insurance policy can help protect you from unexpected losses.
Did you know?
According to Insurance Information Institute, the value of a car goes down 20%-30% in the first year.
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.
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.
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.
Frequently Asked Questions
Trusted by over 12 Million Customers & Counting
90+ Years
Over 90 years in business protecting our customers
Ranked by Forbes
12 Million Customers
Reliable, quality coverage for customers across 19 states
Getting a Quote Is Easy
Customize your experience.
Get Started
Go your own way — get quick pricing and coverage options online.
*This information represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Exclusions may apply to policies, endorsements, or riders. Coverage may vary by state and may be subject to change. Some products are not available in every state. Please read your policy and contact your agent for assistance.