GAP Insurance Explained: What It Covers and How It Works
GAP is meant to cover what you owe on a car loan beyond the insurance payout for a totaled or stolen car. How negative equity creates that gap, and refunds.
GAP is meant to cover what you owe on a car loan beyond the insurance payout for a totaled or stolen car. How negative equity creates that gap, and refunds.
Car insurance prices fell 5.0% in the year to September 2026, per the BLS, after a 22.6% yearly rise at the 2024 peak. Why, and what it means at renewal.