Should You Buy Gap Insurance Apr 2026

: You put down less than 20% of the car's price.

: You drive significantly more than average, which accelerates the car's loss of value. When You Can Skip It You likely do not need gap insurance if: Should You Buy Gap Insurance for Your New Car? should you buy gap insurance

: Gap insurance pays the remaining debt to your lender so you aren't stuck paying for a car you no longer own. When You Should Buy It : You put down less than 20% of the car's price

: If your car is stolen or totaled, standard comprehensive insurance only pays the current market value. should you buy gap insurance

Consider gap insurance if any of the following apply to your financing or vehicle choice:

: You rolled debt from a previous vehicle into your new car loan.