What Auto Insurance Companies Offer Gap Insurance?
- 2210 POINTSview profileBrenda HansonVice President/Agent, Best Rates Insurance Inc, Kalispell MontanaMost insurance companies offer this as an endorsement on to your auto policy. It is MUCH less then buying it from a dealership. Here in Montana the average rate for GAP coverage added to your auto policy is around 7.00 a month Check with your current auto policy and see if it is availableAnswered on October 7, 2013flag this answer
14231 POINTSview profileTom SheehanAgency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482It is a great idea to check with your Insurance Professional to see if the policy you have offers "Gap" coverage as an option. Many companies offer this and the coverage is very inexpensive. You may find that your company may also offer "New Replacement" for newer cars (usually within 3 model years) and something commonly refered to as "Vehicle Value" coverage for slightly older models. New Replacement ois pretty self explanatory, but Vehicle value means that if your car was "totalled" your insurance company would pay for a similar year, make and model with similar options at today's market value.Answered on April 21, 2014flag this answer
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