Cost of Gap Insurance policy

[Augusta]

it is of essence for you as a new car buyer to get Gap insurance for your car. it will help you with the depreciating value of your car if you have no finances to make the payment or you don't want to pay out of your pocket

But before taking out the policy , you would need to find out the cost that comes with taking out this policy. This will be stated below

You would have take both comprehensive and collision insurance policies as mandated by some lenders before adding Gap insurance to it. So averagely Gap.insurance is likely to adds about $60 per year to your annual car insurance cost,

if you want a cheaper Gap insurance policy it will be better to buy via a car insurance company than buying from a car dealership.The car dealership might seem convenientsince it almost hassle free but from records they do charge up to $600 for the policy. So it means that the insured will be paying more in the long run. This is because your cost of gap insurance will be bundled into your car loan, so this simply means you’ll be paying interest on

So if you need a gap insurance going for it via. insurance company will come at a lesser cost.