Guaranteed Asset Protection (GAP)

If your vehicle is stolen or totaled in an accident, your primary insurance settlement will be based on its actual cash value, not the outstanding loan balance. If you owe more than the insurance company covers, you would have to pay that “gap” out of your own pocket. When you purchase GAP, that deficiency is cancelled.


You can add the cost of GAP to your loan during the loan closing. If you’ve recently closed your loan, you may still have the opportunity to purchase GAP.

GAP Advantage*

In addition to the gap between what you owe and what your insurance company covers, GAP Advantage also provides an additional $1,000 toward the purchase of a replacement vehicle financed within 90 days from the settlement date.

*available in all states except Alaska

Eligible vehicles

  • New and used cars and pickup trucks (not exceeding a one-ton capacity)
  • Motorcycles, ATVs, personal watercraft, snowmobiles, and golf carts
  • Motor homes, travel trailers, pickup/campers, and boats

GAP cost per vehicle type

Vehicle type Cost
Personal watercraft$345
RVs (motor homes, travel trailers, and pickup/campers)
  $25,000 or less$445
  More than $25,000$545