Insurance Companies That Offer Gap

Gap insurance also called loan lease payoff.
Insurance companies that offer gap. Rating gap auto insurance providers is not the easiest job with so many companies offering the same insurance. Some dealers offer gap insurance for both leased and financed cars but you may end up paying interest on your gap coverage due to the bundled lease loan payment. Many auto insurance companies offer gap insurance but it s only available if you purchase an insurance policy with that company. Click here to find contact information for a specific company search for company profile.
Not all car insurance companies offer third party gap insurance but most of the top florida insurers do offer gap policies. Commercial personal guaranteed auto protection gap coverages revised march 17 2016. The cost of gap insurance from your insurer may be as low as 5 per month whereas a gap waiver from a dealership will often be at least a few hundred dollars. It may pay the difference between the balance of a lease or loan due on a vehicle and what your insurance company pays if the car is considered a covered total loss.
Ace american insurance company naic 22667 american modern home insurance company naic 23469 american national property and casualty company naic 28401 arch insurance company naic 11150. Gap insurance isn t required of drivers in texas in fact the state prohibits a gap waiver to be a requirement of a car lease or loan. While many auto dealerships offer auto gap insurance for a one time fee this article will focus on insurance companies providing this service as well as gap insurance online in addition to regular offerings. Keep reading to learn our top three recommendations for the best places to get gap insurance.
Gap insurance is an optional insurance coverage for newer cars that can be added to your collision insurance policy. Top 6 best gap insurance providers. However a gap insurance policy can be a valuable coverage option for drivers with new vehicles as it offers financial protection in the event your car is totaled or stolen. That s why it s usually better to buy gap insurance through an auto insurer which virtually all insurance companies offer you may see it referred to as loan lease coverage when.
Check with your insurer to find out if it is offered. While there are several criteria for rating providers of gap insurance coverage the criteria that are most important include price confidence customer service quality and availability of a variety of coverage options. In some cases when you are insuring a new car you can get gap coverage as an add on endorsement to your standard policy.