: You drive significantly more than average, which accelerates the car's loss of value. When You Can Skip It You likely do not need gap insurance if: Should You Buy Gap Insurance for Your New Car?

: Your repayment period is 60 months or longer .

: Most lease agreements benefit from or even require gap insurance because depreciation often outpaces your payments.

: If your car is stolen or totaled, standard comprehensive insurance only pays the current market value.

Consider gap insurance if any of the following apply to your financing or vehicle choice: