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Does Bristol West offer gap insurance?
I’ve been in a couple of accidents, so I recently switched to Bristol West because they offer coverage for “high-risk” drivers. I’d like to purchase gap insurance—does Bristol West offer it?
Melanie Johnson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
We’re glad you’ve found the coverage option that’s right for you! You’ll be pleased to know that Bristol West does offer
GAP insurance
.Gap insurance, also known as Guaranteed Asset Protection insurance, protects you from paying the cost of your vehicle’s depreciation if you’re involved in a collision (which, we hope you’re not!). Purchasing this coverage ensures that your car insurance provider will cover the difference between your vehicle’s actual cash value
ACV
and the remaining balance on your car loan
or lease.Purchasing gap insurance only makes sense if you’ve financed your car. If you paid for your car upfront, it doesn’t make sense to purchase this coverage. It might also not make sense to purchase gap insurance if:
- Your car’s make/model holds its value well
- You put more than a 20% deposit down at the time of purchase
- You plan to pay off your car loan within five years
Best of luck to you!
View full answer
- Gregory R.
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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.
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