Cheap Insurance reports that gap insurance can be essential for new car buyers to cover the financial gap between owed loan and actual cash value after a total loss, especially in cases of low down ...

Imagine this happens: Your car or truck is suddenly totaled or stolen. Gap insurance is there to help to bridge the difference (the “gap”) between what you presently owe on a loan or lease and what ...

What exactly is gap insurance? Do you need it? If you're in an accident and your car is totaled, your insurance company will replace your vehicle, right? Not necessarily. This is an important question ...

As Jalopnik's resident car-buying expert and a professional car shopper, I get emails. Lots of emails. I've picked a few of your questions and will try to help out. This week we are discussing why ...

I liken GAP (guaranteed asset protection) insurance to being “underwater” with your mortgage — aka, when your home loan is greater than your home is worth. As long as you keep paying your monthly ...

As it pertains to cars, gap insurance covers the difference between what you owe on your car loan and the actual cash value of your car if it’s totaled in a crash. That “gap” can amount to quite a bit ...

Gap insurance covers the difference between your car loan balance and what your car insurance company pays if your vehicle is totaled or stolen. If your vehicle is paid in full, you don’t need gap ...

Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

Many people will only hear about GAP insurance when they buy a new vehicle at a dealership, as a salesperson will often try to sell them a policy. However, you are under no obligation to buy it. That ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

If you owe money on an auto loan or you’re currently leasing your vehicle, investing in gap insurance is a no-brainer. Gap insurance can help you pay off the difference between the actual value of ...