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

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 ...

View post: Walmart Is Selling a Car Battery Charger for Just $16, and Shoppers 'Can’t Believe How Easy It Is to Use' This is part of our Car Buyer’s Glossary series breaking down all the terms you ...

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

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 ...

Totaling a recently-purchased car is an extremely unpleasant situation. The insurance company will pay only the Actual Cash Value. Cars lose a significant portion of their value as soon as they leave ...

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 ...

As it pertains to cars, gap insurance covers the difference between what you owe on your car loan and the actual cash value of your car if it’s totaled in a crash. That “gap” can amount to quite a bit ...

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 ...

As soon as you drive a new car off the showroom forecourt, it is no longer new, and its value drops significantly. Say you have an accident on the way home and the vehicle is written-off, or it is ...

Imagine this happens: Your car or truck is suddenly totaled or stolen. Gap insurance is there to help to bridge the difference (the “gap”) between what you presently owe on a loan or lease and what ...