: You rolled debt from a previous vehicle into your new car loan.
: 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? should you buy gap insurance
: Your repayment period is 60 months or longer . : You rolled debt from a previous vehicle
Consider gap insurance if any of the following apply to your financing or vehicle choice: should you buy gap insurance
: Gap insurance pays the remaining debt to your lender so you aren't stuck paying for a car you no longer own. When You Should Buy It