Gap Insurance Payout Calculator
If your car is totaled or stolen, gap insurance covers the difference between what you owe on your loan and what the car is actually worth. Use this calculator to estimate your potential payout.
About this calculator
Estimate how much gap insurance would pay if your car is totaled by comparing your loan payoff balance to your car's actual cash value.
Frequently Asked Questions
What is gap insurance?
Gap insurance covers the 'gap' between what you owe on your auto loan and what your car is actually worth if it's totaled or stolen, since cars often depreciate faster than loans are paid down.
How is actual cash value determined?
Actual cash value (ACV) is typically determined by your primary insurer based on comparable vehicle sales, mileage, and condition at the time of loss.
Does gap insurance cover my deductible?
Standard gap insurance usually does not cover your deductible, though some policies offer deductible reimbursement as an add-on.