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.

If your vehicle gets totaled or stolen and you owe more on the loan than what your car is worth, gap insurance can help. Several factors will determine if gap insurance is worth it for you, including ...

Dana George has a BA in Management and Organization Development from Spring Arbor University. For more than 25 years, she has written and reported on business and finance, and she's still passionate ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

With insurance rates on the rise tracking with costs of repairs and interest rates, making decisions about how to protect an investment as large as a vehicle can seem a daunting, intimidating task for ...

Gap insurance acts as a financial safety net for drivers who finance or lease a vehicle, covering the difference between the car’s actual cash value and the remaining loan or lease balance if the car ...

In the clip, he shared a customer’s experience with a recent vehicle purchase. Her car was totaled in a wreck shortly after buying it. And because she didn’t get GAP, she suddenly found herself on the ...

Gap insurance is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years ...

Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...