What is Gap Insurance?

Couple looking at touchpad

What is gap insurance? Specifically, what is gap insurance on a car? Gap Insurance, or Guaranteed Asset Protection Insurance, covers the difference between the value of the model and the balance still owed on it. Learn more below, or contact us at our Hennessey area dealership, where our finance center can help answer your questions.

What Else Does Gap Insurance Cover?

What is gap protection? Gap insurance protects your vehicle in many ways apart from the difference between your vehicle’s value and the amount left on your loan. It doesn’t cover bodily injuries, mechanical repairs, or your deductible, but it does cover:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Natural damages (tornado, hurricane, flood, etc.)

Having this type of coverage comes in handy when regular insurance doesn’t cover all of these emergency troubles. It’s better to be prepared with gap insurance when you can be.

Is Gap Insurance Worth It?

Having gap insurance means protecting the investment you place in your vehicle when something occurs that’s out of the ordinary, like if it’s stolen. Since your vehicle depreciates the second you drive off the lot, gap insurance covers the difference between your vehicle’s value and what your insurance will cover if you get into an accident.

How Can I Get Gap Insurance?

Gap insurance can be purchased through your auto insurer, whether it’s your dealership of choice or a business that deals explicitly with auto coverage. If you decide to get covered, it’ll cost as little as $20 a year plus a one-time fee at the time of purchase.

Learn More at Jacksons of Enid CDJR Near Kingfisher

Ready to fully-insure your new vehicle? Contact our finance department at Jacksons of Enid CDJR, conveniently located near Woodward. Our knowledgeable staff is standing by to help answer any questions you may have.


More from Jacksons of Enid CDJR

  • 2019 Jeep Wrangler Colors

    Are you shopping for the SUV that really brings it to summer events in Oklahoma City, in addition to dirt roads past Kingfisher? You should be looking at the 2019 Jeep Wrangler. And chances are, you probably already have, given its wide selection of colors! No vehicle makes it easier to match personal style than…

  • Keep Your Truck Clean with RAM 1500 Seat Covers

    Customizing your vehicle according to your specific needs and tastes is one of the true advantages of ownership after closing. From tires to hubcaps, or performance parts like the exhaust system and interior technology, RAM truck drivers using their vehicles on Kingfisher job sites will find advantages with new accessories. If your seats are constantly…

  • How Much Can a RAM 3500 Tow?

    The 2019 RAM 3500 can tow up to 33,950 pounds for Kingfisher drivers when properly equipped. That’s enough to haul, well, pretty much anything. And its general performance is no slouch either: The RAM 3500 is available with a 6.7L Cummins TurboDiesel I6 offering 385 hp and 930 lb-ft of torque. With a number of…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

580-701-6886

Call Now

4405 W Owen K Garriott Rd • Enid, OK 73703

Get Directions

Today's Hours:

Open Today! Sales: 8am-7pm

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 8am-5:30pm

Jacksons of Enid CDJR

4405 W Owen K Garriott Rd Enid, OK

Phone: 580-701-6886

http://maps.google.com/?q=4405%20W%20Owen%20K%20Garriott%20Rd%2C%20Enid%2C%20OK%20737

Commercial

Phone: ​580-366-4467

4405 W Owen K Garriott Rd Enid, OK

Parts

Phone: ​580-599-0899

4405 W Owen K Garriott Rd Enid, OK

Sales

Phone: ​580-377-1188

4405 W Owen K Garriott Rd Enid, OK

Service

Phone: ​888-892-8404

4405 W Owen K Garriott Rd Enid, OK
36.390769 -97.931399
[schema type="organization" orgtype="LocalBusiness" url="www.jacksonchryslerdodgejeep.com" name="Jacksons of Enid CDJR" description="" street="4405 W Owen K Garriott Rd" city="Enid" state="OK" postalcode="73703" country="US" email="shane9399@gmail.com" phone="580-701-6886" logo="https://di-uploads-development.dealerinspire.com/jacksonsofenidcdjr/uploads/2018/11/JacksonsofEnidCDJROGIMage.png"]
Jacksons of Enid CDJR
Jacksons of Enid CDJR
4405 W Owen K Garriott Rd
Enid, OK, 73703 US
580-701-6886
https://di-uploads-development.dealerinspire.com/jacksonsofenidcdjr/uploads/2018/11/JacksonsofEnidCDJROGIMage.png
Jacksons of Enid CDJR 36.390769, -97.931399.