Is Gap Auto Insurance Worth It?

  1. 627 POINTS
    Dan Lyles
    agent, Lyles Insurance, Wheelersburg, Ohio
    If you have a new enough vehicle to qualify for gap insurance, it is absolutely worth it! In the event of a total loss, it protects your vehicle from depreciation. It is very easy to become upside on an auto loan on a newer car (meaning the vehicle is worth less than what the loan amount is). Gap insurance is inexpensive and a great thing to have for newer vehicles that qualify.
    Answered on March 24, 2014
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