Everything You Need to Know About Gap Insurance Through USAA

Gap insurance is an important type of coverage to have if you have a car loan. Whether you're a member of USAA or not, you may be wondering if you can get gap insurance through USAA. This article will explain all you need to know about gap insurance through USAA.

What is Gap Insurance?

Gap insurance is an optional coverage that helps to pay the difference between the actual cash value of your car and the amount you still owe on the vehicle. It's an important coverage to have because if you get into an accident and your car is totaled, your auto insurance will only cover the actual cash value, which is usually much less than what you owe. Gap insurance helps you to avoid having to pay the difference out of pocket.

What Does USAA Offer?

USAA offers a variety of different gap insurance policies for its members. Depending on the type of policy you choose, you can get coverage for up to 25% of the original purchase price of the car. USAA also offers a variety of other coverage options, such as rental car reimbursement and towing and labor coverage.

How Much Does Gap Insurance Through USAA Cost?

The cost of gap insurance through USAA varies depending on your location, the type of policy you choose, and other factors. Generally, gap insurance through USAA will cost between $20 and $30 per month. It's important to note that gap insurance is usually only available if you have a car loan, and it must be purchased before you get into an accident.

What Are the Benefits of Getting Gap Insurance Through USAA?

Getting gap insurance through USAA has a variety of benefits, such as:

You can get coverage for up to 25% of the original purchase price of the car.
You can add additional coverage options, such as rental car reimbursement and towing and labor coverage.
USAA offers competitive rates and discounts.
The process of applying for and purchasing gap insurance through USAA is simple and straightforward.

Conclusion

Gap insurance is an important type of coverage to have if you have a car loan. USAA offers a variety of different gap insurance policies to its members, with coverage for up to 25% of the original purchase price of the car. The cost of gap insurance through USAA varies, but it's generally between $20 and $30 per month. There are numerous benefits to getting gap insurance through USAA, such as competitive rates and discounts, additional coverage options, and a simple, straightforward process. If you're a member of USAA, you should consider getting gap insurance through them.