Should You Buy Gap Insurance May 2026

: If your car is stolen or totaled, standard comprehensive insurance only pays the current market value.

: You bought a luxury vehicle or a model known for losing value quickly. should you buy gap insurance

: You drive significantly more than average, which accelerates the car's loss of value. When You Can Skip It You likely do not need gap insurance if: Should You Buy Gap Insurance for Your New Car? : If your car is stolen or totaled,

: Most lease agreements benefit from or even require gap insurance because depreciation often outpaces your payments. When You Can Skip It You likely do

: You rolled debt from a previous vehicle into your new car loan.

Consider gap insurance if any of the following apply to your financing or vehicle choice:

: Your repayment period is 60 months or longer .