Does Geico Provide Gap Insurance. The lowest gap insurance rate is about $20 a year. Unlike seven of the top 10 car insurance companies, geico does not sell gap insurance, a specialty type of coverage that pays for the difference between a totaled car’s value and the driver’s loan or lease balance.
A few months later, you total your vehicle in an accident. You have several options if you’re a current geico customer and are looking for gap. Your insurance company determines the actual cash value of the vehicle is $25,500.