Guaranteed Auto Protection plan provides coverage for the difference (GAP) between the actual cash value and the loan balance of new or used autos in the event of loss. Designed to eliminate unpaid loan balance in the event your auto is stolen or damaged beyond repair, portions not covered by proceeds from primary insurance are covered.

The affordable premium can be included in your loan payment, on new refinanced loans. This extra protection is available for new, used, private passenger autos and light duty trucks.

Most People Learn About GAP Risk the Hard Way!

Most people believe that if their car is totaled or stolen, their primary insurance will pay off their loan/lease balance. Well, think again!

If your vehicle is totaled or stolen, your primary insurance carrier will usually pay only the actual cash value (current market value) of your vehicle less a deductible. This amount can be substantially lower than your loan/lease balance.

The final result is financial GAP where you must pay the difference between your loan/lease balance and your insurance settlement, which could mean thousands of dollars out of your pocket.

That's why many owners have chosen GAP (Guaranteed Auto Protection). GAP coverage helps eliminate the out of pocket expense you would incur to pay off your loan/lease should your vehicle be stolen or totaled.

How GAP Works!

Guaranteed Auto Protection will help cover the difference between your loan/lease payoff and your primary insurance company settlement.* Your loan/lease balance will be paid in full, including the portion caused by your deductible**, and you can move on to purchasing another vehicle.

Let's Say...

Based on original amount borrowed               $18,000
At the time of loss you owe                                 $15,000

Your insurance company says the
actual cash value of your vehicle is                      -$10,000

Your primary insurance deductible is                    $500

Your total out of pocket expense is                      $5,500

GAP Coverage will pay                                    -$5,500

The total you owe with GAP
Coverage to payoff your loan is...                          $0

What are your chances of having a GAP?

• The "average" new car will lose 60% of its value over 3 years of normal driving, according to Automotive News.
• The insurance information institute estimates that one vehicle is stolen in the United States every 24 seconds.
• 18% of vehicles involved in a collision will result in a total loss, according to CCC information Services.
• Insurance companies report that every year a half million vehicles are written off as a total loss due to accident, fire and theft.

Get GAP...It Pays!