GAP Insurance
InsuranceGuaranteed Asset Protection insurance covering the difference between what you owe on a car and its actual value if totaled.
Example
Example: When shopping for coverage, understanding gap insurance helps you avoid overpaying or being underinsured. For a family of four, the difference between plans that handle gap insurance differently can mean $2,000-$5,000/year in out-of-pocket costs. Compare plans with our insurance comparison calculator.