How to Get Gap Coverage

You can get gap coverage at any time, no matter how long has passed since you bought or leased your car or truck!

Gap coverage is usually offered by the dealership when you buy or lease your vehicle, or even through the finance company, but they won't always give you the best rate or even tell you about it at all, unless you ask.

The average price for gap coverage at a dealership may cost twice as much than if you purchase the same coverage from a bank, credit union or other lender.

You can get gap coverage from dealers, banks, credit unions, finance companies and many auto insurance agencies. You may want to compare different options and prices for this extra protection. Some institutions will refer to gap coverage as a "debt cancelleation agreement" rather than insurance.

Plans could not only cover any gap, they may also cover your deductible and even give you money towards a down payment on a new replacement vehicle.