- 1). Buy coverage from your current insurer. Although most auto insurance policies do not include a gap provision, your insurer will sell you the extra coverage if the company offers it, some even at a discounted rate for being an existing customer. Call and ask your agent if your insurer offers this coverage.
- 2). Purchase coverage from an insurer other than your primary auto insurer. Selling gap insurance requires a specific license, and many insurance companies do not offer it at all. However, companies licensed to sell insurance in your state that offer gap coverage will be glad to sell it to you as a separate policy. You'll have to call around and ask various insurers in your area if they offer the coverage.
- 3). Buy coverage from the dealer who is selling you the vehicle. Dealers will offer numerous extra products once you have agreed on a price and the terms of your financing are secure; gap insurance is almost always one of the products offered. Buying gap coverage from a dealer can be more expensive than buying it from your insurance company, but if you financed the car through the dealership, the price can be prorated across the life of your financing term with equal installments added to your monthly payment.
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