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

  • 2020 Jeep Gladiator Engine Specs & Info

    The 2020 Jeep Gladiator is among the most heavily hyped up trucks of the year. If you’re curious about available Jeep Gladiator engine options, the team at Jacksons of Enid CDJR has all the information you need. Kingfisher area drivers can learn more about the 2020 Jeep Gladiator engine specs below. New Jeep Gladiator InventoryContact Us 2020 Jeep…

  • How Much Can the Durango Tow?

    If you’re looking for a fully-capable SUV, you may be wondering “How much can the Durango tow?” With a robust engine and a stellar set of amenities, the 2020 Dodge Durango lives up to the hype as one of the stand-out SUVs of this year. Enid drivers will be especially inclined to take advantage of…

  • 2020 Jeep Compass

    Are you looking for a compact SUV that can easily navigate Enid roads and have the ability to go off-road when you need it? The 2020 Jeep Compass is packed with interior comfort features and superior performance to make it one of the most desirable compact SUVs on the market. Learn more about the new…

Saved Vehicles


You don't have any saved vehicles!

Look for this link on your favorites:


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

Contact Us


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 36.390769, -97.931399.