Best Cheapest Gap Car Companies in Aynor,Maine
When it comes to securing reliable and cost-effective Gap Car in Aynor Maine, CheapInsuranced.com stands out as your go-to destination. We understand the importance of finding coverage that not only meets your specific needs but also fits your budget seamlessly. Our platform is dedicated to providing Aynor residents with a hassle-free experience, allowing you to compare and choose from a variety of cheap and affordable Gap Car options.
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What is gap insurance?
Protect yourself financially when you owe money on a depreciated vehicle
How gap insurance works
When you buy or lease a new car or truck, the vehicle starts to depreciate in value the moment it leaves the car lot. In fact, most cars lose 20 percent of their value within a year. Standard auto insurance policies cover the depreciated value of a car—in other words, a standard policy pays the current market value of the vehicle at the time of a claim.
If, when you finance the purchase of a new car and put down only a small deposit, in the early years of the vehicle's ownership the amount of the loan may exceed the market value of the vehicle itself.
In the event of an accident in which you've badly damaged or totaled your car, gap insurance covers the difference between what a vehicle is currently worth (which your standard insurance will pay) and the amount you actually owe on it.
When you might need gap insurance
It’s a good idea to consider buying gap insurance for your new car or truck purchase if you:
Where you can get gap insurance
Your car dealer may offer to sell you gap insurance on your new vehicle. However, most car insurers also offer it, and they typically charge less than the dealer. On most auto insurance policies, including gap insurance with collision and comprehensive coverage adds only about $20 a year to the annual premium.
Get more financial reassurance—protect yourself from uninsured motorists.
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