How Much Does GAP Insurance Actually Cost?

Written By: Jerry Reynolds | Aug 13, 2026, 12:37:54 PM

How Much Does Gas Insurance Actually Cost?

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Q: How Much Does GAP Insurance Actually Cost?

The cost of "GAP" Insurance - which covers any shortfall between what your car is worth and what is owed if it's totaled or stolen - varies widely. It can be cheaper if offered through your existing auto insurer versus the dealership finance office. Always ask if coverage is required by your lender and whether it's refundable if canceled.

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Jerry Reynolds

From police officer to top-selling Ford dealer to on-air car expert, Jerry helms our weekly radio show. Since selling his dealerships in 2006, Jerry has pursued his top three passions: helping consumers have a great car buying experience, supporting the military and first responders, being a loyal servant to his dog! While Jerry admits to hitting the pedal to the metal on test drives, it's all the service of finding out just how fast he can go from 0 to 60.

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