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How Much Does GAP Insurance Actually Cost?

Written by Jerry Reynolds | Aug 13, 2026, 4:37:54 PM

 

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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