Does Progressive Sell Gap Insurance
Thursday, December 5, 2024
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Does Progressive Sell Gap Insurance?
What is Gap Insurance?
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What Does Progressive Offer?
Progressive offers a variety of car insurance coverage options, including gap insurance. Gap insurance from Progressive covers the difference between the actual cash value of your car and the balance due on your loan or lease if your vehicle is totaled or stolen. This coverage is available for both new and used cars, and can be added to your existing Progressive policy.
What Does Gap Insurance from Progressive Cover?
How Much Does Gap Insurance Cost?
Gap insurance from Progressive typically costs between $20 and $40 per year, depending on the coverage amount and policy options. You can choose the coverage amount that is right for you and your vehicle, and the cost will be added to your existing premium. Gap insurance from Progressive is typically cheaper than what you would pay for the coverage from your lender.
Do I Need Gap Insurance?
If you are financing a car or leasing a car, you may want to consider gap insurance. Gap insurance can help protect you in the event of an accident or theft that results in a total loss. If you owe more on your car than it is worth, gap insurance can help cover the difference. If you are financing a car or leasing a car, you should talk to your insurer or lender about gap insurance to see if it is a good fit for you.
Conclusion
Progressive does offer gap insurance to help protect you in the event of an accident or theft that results in a total loss. Gap insurance can help cover the difference between what you owe on your car and its current market value, and can be added to your existing Progressive policy. The cost of gap insurance can vary, but is typically cheaper than what you would pay for the coverage from your lender. If you are financing or leasing a car, you should consider gap insurance to help protect you in the event of a total loss.
