Does AAA Sell Gap Insurance?

Gap insurance is a type of auto insurance that covers the difference between what you owe on your car loan and what the car is worth in case of an accident. It is important to have this coverage in case your car is totaled in an accident, since it could potentially save you from owing money on a car you can no longer drive. You may be wondering if AAA sells gap insurance, and the answer is yes. AAA does offer gap insurance coverage, and it is available to both members and non-members.

What Types of Gap Insurance Does AAA Offer?

AAA offers two different types of gap insurance coverage. The first is called “new vehicle replacement” coverage. This coverage pays the difference between the value of your car at the time of the accident and the cost of a new car of the same make and model. This coverage is only available for cars up to two years old. The second type of coverage is called “total loss” coverage. This coverage pays the difference between what you owe on your car loan and the actual cash value of your car at the time of the accident.

How Much Does Gap Insurance Cost Through AAA?

The cost of gap insurance through AAA depends on the type of coverage you choose and the value of your car. Generally, the cost of gap insurance through AAA ranges from $25 to $50 per year. However, it is important to note that gap insurance is only available if you purchase a new car, and it is not available for used cars. Additionally, gap insurance typically only covers up to $20,000 in coverage, so if your car is worth more than this, you may want to consider other types of auto insurance coverage.

How Do I Get Gap Insurance Through AAA?

If you are interested in purchasing gap insurance through AAA, you can do so online or by visiting one of their offices. When you purchase gap insurance through AAA, you can choose to pay for it in full or in monthly installments. Additionally, you can add it to your existing auto insurance policy or purchase it as a standalone policy. You should also be aware that gap insurance may not be available in all states, so it is important to check with your local AAA office to see if it is available in your area.

Is Gap Insurance Worth It?

Gap insurance can be a great way to protect yourself financially in the event of an accident. If your car is totaled in an accident, gap insurance can help cover the difference between what you owe on your car loan and what the car is worth. However, it is important to consider the cost of gap insurance and the value of your car when deciding if it is worth it. If your car is worth less than the amount of coverage you are getting, then gap insurance may not be the best option for you. Ultimately, the decision of whether or not to purchase gap insurance will depend on your individual circumstances and needs.