Trusted Driver Insurance

  What's gap insurance coverage? Gap insurance helps pay the difference between what's owed on a vehicle loan and the actual value of it, if it's stolen or a total loss. This difference is what's referred to as the "gap". In general, this "gap" occurs when you buy a new vehicle, the value (actual cash value) can start going down right away. This is what your car insurance covers, not what you owe on a loan. This is where gap insurance can help. How does gap insurance work? Let's say you buy a new vehicle with a $25,000 loan. You get into an accident and your vehicle is totaled. At the time of the accident, your vehicle is valued at $15,000 but you still owe $20,000 on your loan. For a covered loss, you'd get paid for the value of your vehicle at the time of the incident ($15,000). This leaves $5,000 owed on your loan. With gap insurance, the difference would be covered, minus any deductible. Please note, gap insurance coverage ...

  Cheapest Full Coverage Car Insurance for 2024 The cheapest widely-available full coverage car insurance for most drivers is Travelers , at $1,124 per year or $94 per month. Nationwide was second cheapest at $95 per month. Actual rates vary by driver profile and location, so find the cheapest full coverage in your state below. Key Takeaways: Cheapest Full Coverage Car Insurance Rates Travelers offers the cheapest widely-available full coverage car insurance for the average adult driver at $1,124 in August or $94 per month. Nationwide is the second cheapest full coverage option at $1,141 in August or $95 monthly. State Farm provides the cheapest full coverage rate for teens, seniors, and drivers with a speeding ticket and an at-fault accident. Progressive offers the cheapest full coverage for drivers with a DUI on their driving record starting at $161. GEICO is the most affordable option for young drivers ages 20–25 starting at $1,448 or $121 per month. Cheapest Full ...