Does Aaa Have Gap Insurance
Thursday, August 29, 2024
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Does AAA Have Gap Insurance?
What is Gap Insurance?
Gap insurance is important coverage for anyone who has taken out a loan to purchase a car, truck, or SUV. The purpose of gap insurance is to cover the difference between the amount owed on a vehicle and the actual cash value (ACV) of the vehicle in the event of an accident. This coverage may even cover the cost of a new car if the old one is totaled. Gap insurance also provides peace of mind to the vehicle owner in the event of an accident, as they will not have to worry about coming up with the cash to pay off the loan.
Does AAA Offer Gap Insurance?
The answer is yes, AAA does offer gap insurance coverage. The coverage is provided through the AAA Auto Insurance program and is available to customers in most states. The coverage is provided as an optional add-on to the AAA Auto Insurance policy, so customers will need to add it on when they purchase their policy.
AAA offers three levels of gap insurance coverage: Basic, Preferred, and Premier. Each level provides different levels of protection and different premiums. The coverage is offered for up to five years and provides protection from the time the policy is purchased until the loan is paid off.
What Does AAA Gap Insurance Cover?
AAA gap insurance coverage helps to cover the difference between the actual cash value of a vehicle and the amount owed on the loan in the event of an accident. This coverage can be used to cover the cost of a new car if the old one is totaled, or to simply cover the outstanding balance of the loan.
The coverage also helps to cover the cost of taxes, tags, and title fees so that customers can get a new car without having to worry about these added expenses. The AAA gap insurance coverage also provides coverage for the deductible on the policy, so customers can be sure that they will not have to pay out of pocket for any repair or replacement costs.
How Much Does AAA Gap Insurance Cost?
The cost of AAA gap insurance coverage will depend on the level of coverage that is chosen and the state in which the policy is purchased. Most states offer different levels of coverage and premiums, and the cost of the coverage will also depend on the make, model, and age of the vehicle. Generally, the cost of the coverage can range from around $50 to $200 a year in most states.
Where Can I Get AAA Gap Insurance?
AAA gap insurance coverage is available in most states through the AAA Auto Insurance program. Customers will need to contact their local AAA office to inquire about the coverage and to add it to their policy. Customers can also purchase the coverage online through the AAA website.
Conclusion
AAA gap insurance coverage provides peace of mind to car owners in the event of an accident. The coverage can help to cover the difference between the actual cash value of the vehicle and the amount owed on the loan, as well as help to cover taxes, tags, and title fees for a new car. The cost of the coverage will depend on the level of coverage chosen and the state in which the policy is purchased. Customers can purchase the coverage through their local AAA office or online through the AAA website.
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