Skip to content

Guaranteed Asset Protection (GAP) Insurance

car accident - rear ended
car accident - rear ended_800x571

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 downpayment towards your new auto loan with Education First! That's coverage you can't beat!

Purchase Now

 

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?

GAP insurance generally costs between $500 and $700 when purchased from a dealership or between $20-$40 a year when added to an existing auto insurance policy. However, GAP insurance purchased through Education First will cost you just $400 per year.

Handy Tools at Your Disposal.

Calculate your budget, see and compare the latest rates and discover what perks you gain for being a member of Education First Federal Credit Union.

 

Calculators

Calculate the best loan amount that fits your budget.

Learn More >

Rates

Check current rates and find out which ones adhere to your loan type.

Learn More >

Member Perks

When you want a better place to hold your accounts and grow your money, Education First is at the head of the class.

Learn More >

Have Questions? We're Here to Help.

8726212_phone_alt_icon (1)

Contact

Learn More
3994378_location_map_navigation_pin_position_icon

Find A Branch

Learn More
question-icon

FAQs

Learn More
8726359_schedule_icon

Make An Appointment

Learn More