I need to buy gap insurance as part of the lease agreements for my new car, but I’m hoping I don’t have to switch my insurance provider. Can I get gap insurance through Amica?
offerings and you can typically add it to your policy for only $20 to $40 per month.
Cars depreciate quickly in the first year, so there’s often a period during which you owe more on your car than it’s actually worth. Amica gap insurance covers this gap between your car’s
and the remaining balance on its financing if it’s declared a total loss. That’s why many lenders and dealerships require this type of coverage whenever you finance a car.
But just because you can get gap insurance from your current provider, doesn’t mean you necessarily should—especially if you’re leasing a new car. Your
costs can change drastically when you introduce a new vehicle to your policy, and you may be able to find the coverage that you need at a cheaper rate by
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.