September 17, 2026
GAP insurance (Guaranteed Asset Protection) covers the difference between what you owe on your auto loan and what your insurance company pays out if your car is totaled or stolen — a gap that's often larger than drivers expect.
Because new and lightly used vehicles depreciate quickly, it's entirely possible to owe more than the car is worth in the first year or two of a loan. Without GAP coverage, you could be left paying off a loan for a car you no longer have.
GAP insurance is especially worth considering if you made a small down payment, financed for a longer term, or rolled negative equity from a previous vehicle into your new loan — all situations that widen the potential gap.
Our finance team can explain GAP coverage options when you apply through our financing page, so you understand exactly what protection makes sense for your loan.