How Much is Gap Insurance?

gap insurance

After you buy a new Kia or used model from Kingdom Kia, you’ll consider many finance plans and insurance packages. You may have heard about gap insurance along the way, and may find yourself asking, “what does gap insurance cover, and how much is gap insurance?” Gap insurance cost depends on your insurance plan, your provider, the vehicle you’re buying, your driving record, and more. That means there’s no one quick answer we can give you! Generally, St. James drivers have two options: purchase gap insurance from their insurer, or add it onto their auto loan through their finance provider. Learn more about the gap insurance price to see if it’s worth it for your Springfield auto insurance plan.

Average Cost of Gap Insurance

Again, the average cost of gap insurance depends on so many factors that it’s impossible to give one definitive answer. However, the following tips will help you learn more about the average cost of gap insurance:

  • Purchase from your current auto insurer: Gap insurance typically costs roughly $20 per year when you purchase from your regular auto insurer, i.e. the same insurer who provides your comprehensive and collision insurance. 
  • Purchase standalone gap insurance: Depending on your insurer, you may not be able to get gap insurance as part of your overall insurance plan. Instead, you may be able to purchase it on its own. In this case, the average cost of gap insurance is a one-time fee of $200 to $300.
  • Add gap insurance onto your car loan: In many cases, you’ll be able to add gap insurance coverage to your loan in one lump sum. Choosing this option usually means you’ll pay one flat fee for coverage, as opposed to yearly or monthly payments. Costs range from around $500 to $700.

Gap Insurance: Is it a Worthy Investment?

Consider the following if you’re still wondering if you need gap insurance:

  • Should your vehicle ever be stolen or damaged in an accident and deemed a “total loss,” gap insurance will cover your losses .
  • If you get into an accident in Jefferson City or Fort Leonard Wood, and you owe more on your auto loan than what the car is worth, you’ll be covered under gap insurance.

Get More Car-Buying Tips from Kingdom Kia!

Are you still wondering, “how much is gap insurance?” Contact Kingdom Kia today! Our finance team is here to help you learn everything you need to know about gap insurance, and we’ll be more than happy to answer any questions you have.

Want to learn more with our team? Read up on the difference between used and CPO models, and learn more about auto finance and available financing options. We’d also love to help you learn the difference between a sunroof and a moonroof.

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Kingdom Kia

2600 North Bishop Ave Rolla, MO

Phone: (888) 794-5464


Phone: (888) 378-9460

2600 North Bishop Ave Rolla, MO


Phone: (888) 794-5464

2600 North Bishop Ave Rolla, MO


Phone: (866) 998-1812

2600 North Bishop Ave Rolla, MO
37.9703394 -91.7601976
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Kingdom Kia
Kingdom Kia
2600 North Bishop Ave
Rolla, MO, 65401 USA
(888) 794-5464
Kingdom Kia 37.9703394, -91.7601976.