If your vehicle is damage beyond repair or stolen, auto insurance coverage may not pay everything you owe on the vehicle. Insurance typically pays the vehicle's actual cash value rather than the amount remaining on your loan or lease, which could leave a financial GAP of thousands of dollars. This can happen when your loan or lease payments are not enough to keep up with the depreciation of your vehicle.

GAP coverage will give you the peace of mind to enjoy your vehicle during that crucial time when the actual cash value of your vehicle is less than your loan or lease balance.

GAP covers any remaining balance on your loan / lease after the payment from your insurance company. Your deductible, up to $1,000 may be included in this balance. (Deductible benefit may vary by state.)


  • Cancels up to $50,000!
  • Helps maintain your good credit.
  • Covers negative equity.
  • Auto insurance deductible up to $1,000 included if the amount you owe on the vehicle exceeds your settlement check.
  • GAP provided even if no auto insurance is in effect at time of loss. The NADA average retail value of vehicle replaces insurance settlement in the GAP Calculation.
  • One time low cost makes GAP affordable.
  • Convenient since GAP is sold in conjunction with vehicle purchase.
  • GAP is provided for the entire term of your loan.