Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...
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Average cost of gap insurance in 2025
Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...
If you are a New York driver with an auto loan, you might consider purchasing gap insurance. Although it is not a required coverage, gap insurance can offer valuable financial protection if you owe a ...
Guaranteed asset protection (GAP) insurance is a type of auto insurance coverage that is most commonly available for newer vehicles. New cars can depreciate quickly, so carrying standard coverage ...
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What Is Gap Insurance and Who Needs It?
Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...
Many businesses assume that once insurance is in place, they are fully protected. In reality, policies often contain gaps where coverage is limited or excluded altogether. Those blind spots can ...
You might think you have airtight insurance protection against storms, car accidents and other mishaps. But you’d hate to discover hidden cracks in your coverage once it’s too late. Here are five ...
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