Is GAP Insurance Worth It On A Used Car?

Written By: Jerry Reynolds | Aug 28, 2026, 9:22:31 AM

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Q: Is GAP Insurance Worth It On A Used Car?

GAP insurance covers any shortfall between what you owe on your car loan and your car's actual cash value if totaled or stolen. For Used cars, it's typically worth getting if the used car is less than three years old, if you're financing longer term or if you're making a small down payment. Also if you drive a lot of miles, which causes faster depreciation. Otherwise, I'd skip it.

Photo: Billion Photos/Shutterstock.com.

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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