How Do I Buy Gap Insurance May 2026

: Call your agent or check your online account. This is usually the quickest and cheapest way to add coverage.

: Use a tool like Kelley Blue Book to estimate your car's value versus your loan balance. If you owe 20% or more than the car is worth, gap insurance is highly recommended. how do i buy gap insurance

: Often offered at a lower flat rate than dealerships during the financing process. How to Buy It: A 4-Step Guide : Call your agent or check your online account

: Because the fee is financed, you will pay interest on the insurance itself, making it significantly more expensive over the life of the loan. Banks and Credit Unions Cost : Usually $200–$700 . If you owe 20% or more than the

: Check providers like Progressive or Nationwide for monthly rates as low as $4–$6 . Car Dealerships (Most Convenient) Cost : A flat fee of $400–$1,000+ .

: Some comprehensive insurance plans already include "new car replacement" or similar coverage, making gap insurance unnecessary.