What is Geico Gap Insurance?
Geico Gap Insurance is a type of coverage that helps cover the difference between the amount you owe on your vehicle and the amount you receive from your auto insurance company if your car is totaled or stolen. This type of coverage is helpful if you have taken out a loan to purchase your vehicle, as it can help protect you from being left with a large financial burden when your car is totaled or stolen.
What Does Geico Gap Insurance Cover?
Geico Gap Insurance covers the difference between the amount you owe on your vehicle and the amount you receive from your auto insurance company if your car is totaled or stolen. This means that if the amount you receive from your insurance company is less than what you owe on your loan, Geico Gap Insurance will cover the difference.
How Much Does Geico Gap Insurance Cost?
The cost of Geico Gap Insurance varies from one policy to the next. Generally speaking, the cost is based on the value of your vehicle and the amount of coverage you choose.
Do I Need Geico Gap Insurance?
Whether or not you need Geico Gap Insurance depends on your individual situation. If you have a loan on your vehicle and you would be unable to pay off the loan in full if your car is totaled or stolen, then Geico Gap Insurance may be a good option for you.
Where Can I Buy Geico Gap Insurance?
Geico Gap Insurance can be purchased directly from Geico. Generally speaking, you can add the coverage to your existing auto policy or purchase a standalone policy.
Geico Gap Insurance FAQs
What is Geico Gap Insurance?
Geico Gap Insurance is a type of coverage that helps cover the difference between the amount you owe on your vehicle and the amount you receive from your auto insurance company if your car is totaled or stolen.
What Does Geico Gap Insurance Cover?
Geico Gap Insurance covers the difference between the amount you owe on your vehicle and the amount you receive from your auto insurance company if your car is totaled or stolen.
How Much Does Geico Gap Insurance Cost?
The cost of Geico Gap Insurance varies from one policy to the next. Generally speaking, the cost is based on the value of your vehicle and the amount of coverage you choose.
Do I Need Geico Gap Insurance?
Whether or not you need Geico Gap Insurance depends on your individual situation. If you have a loan on your vehicle and you would be unable to pay off the loan in full if your car is totaled or stolen, then Geico Gap Insurance may be a good option for you.
Where Can I Buy Geico Gap Insurance?
Geico Gap Insurance can be purchased directly from Geico. Generally speaking, you can add the coverage to your existing auto policy or purchase a standalone policy.