Finding Gap Insurance

Question: Hi I have Chevy Malibu 2012 I owe 14000 but car worth 11000 my gieco insurance told me I don’t have gap my lean holder capital one told me is better to find insurance offers gap i can’t find one know do you have any advice thanks.

Answer: Getting insurance quotes from other insurance companies for Gap insurance is how you are going to find Gap insurance from an insurance company. The only thing I would advise you though, is that your vehicle is no longer a new car and many insurance companies do not offer Gap insurance on anything but new vehicles. However, some do have loan coverage that works like Gap that you can ask about.

Also, your lien holder is right about it being better to get Gap insurance through an insurance company as it is cheaper that way.