Guaranteed Asset Protection (GAP) Insurance
Guaranteed Asset Protection (GAP)
GAP (Guaranteed Asset Protection) is an insurance add-on that pays the difference between the depreciated value you still owe on your vehicle if it’s stolen or totaled.
In plain English, it covers that “gap” between your car’s real value (as determined by your insurance company) and your auto loan balance.
Want to know the best part? GAP coverage will provide up to $500 towards Auto Deductible Reimbursement and, in the event of a total loss, up to $1,000 down payment towards your new auto loan with Education First! That's coverage you can't beat!
Does GAP benefit everyone?
GAP insurance is recommended for drivers who are, or likely to be, upside down on their auto loans. No, this doesn’t involve a trapeze; it just means the drivers owe more for their car than what it is actually worth.
How much does GAP insurance cost?
Save money when you purchase your GAP coverage through us. Typically, GAP coverage can cost up to $700 when purchased through a dealership, but With Education First coverage will only cost $500 per year. This way, you'll get savings, protection and peace of mind!
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