Cheap Insurance reports that gap insurance can be essential for new car buyers to cover the financial gap between owed loan ...

It's not for everyone and is often overpriced.Here, the concept of GAP insurance (and whether you need it) is demystified.

You’re driving off the lot in a new car — but the second you do, its value starts to drop. If you get into an accident or your car gets stolen in the first year or two, your auto insurance might not ...

Insurance companies pay the depreciated value of your car if it’s totaled or stolen, which might be less than your car loan balance. Gap insurance can cover the difference between the vehicle’s value ...