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  1. www.geico.com › auto-insurance › gap-insurance-coverageWhat Is Gap Insurance? - GEICO

    Gap insurance is an optional type of car insurance that covers the difference between what you owe on your car loan and the depreciated value of your vehicle if it's totaled, providing financial protection for leased or financed vehicles.

  2. 5 sty 2024 · Gap insurance costs an average of $61 a year, according to Forbes Advisor’s analysis. Gap insurance is much cheaper through a car insurance company compared to a car dealership.

  3. Gap Insurance Rates - If you are looking for protection for your car then our service can help you avoid costly repairs.

  4. 9 wrz 2024 · Where to buy gap insurance. Several sources offer gap coverage, including insurance companies, car dealerships and auto loan lenders. You may also acquire gap coverage from a bank, credit union, or specialized provider. Check out expert recommendations on gap insurance and what it covers.

  5. 30 maj 2024 · Gap insurance generally costs between $50 and $250 per year to add to an insurance policy. What you'll pay depends on your insurer and how expensive your new car is. We always recommend that drivers compare quotes from multiple insurers to get the best rate.

  6. 25 maj 2021 · Lenders and dealerships sell GAP insurance for a flat rate, typically between $500 and $700, which are the highest rates for this type of policy.

  7. 14 lip 2021 · Gap insurance pays out after comprehensive and collision coverage, two coverage types that are typically required when you buy or lease a new vehicle.

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