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.

More from Kingdom Kia

  • What is the 2019 Kia Sorento Maintenance Schedule?

    We know that St. James and Springfield drivers are always on the go, and so the best way to keep a vehicle like the 2019 Kia Sorento running at its best is to follow the Kia maintenance schedule. But exactly what is the 2019 Kia Sorento maintenance schedule? Well, this comprehensive guide from Kingdom Kia will help…

  • 2019 Kia Forte Safety Ratings

    If you’re looking for a reliable Kia Model to ensure a secure commute around St. James and Springfield, then you owe it to yourself to check out the 2019 Kia Forte Safety ratings. The Forte has received exceptional ratings from sources like the NHTSA and the IIHS, and it is backed by some of the most…

  • How Often To Change Spark Plugs

    Spark plugs may be tiny in size, but they are a major component to the function of your new or used Kia vehicle. And, like many other vehicle maintenance practices, spark plugs must be replaced as you continue to use your car. But, just how often should you change your spark plugs? Well, a good…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(888) 794-5464

Call Now

2600 North Bishop Ave • Rolla, MO 65401

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

DaysHoursMinsSecs
: : :
Check out these Incredible Offers! Inventory

Kingdom Kia

2600 North Bishop Ave Rolla, MO

Phone: (888) 794-5464

http://maps.google.com/?q=2600%20North%20Bishop%20Ave%2C%20Rolla%2C%20MO%2C%20Rolla%2C%20MO%2065401

Parts

Phone: (888) 378-9460

2600 North Bishop Ave Rolla, MO

Sales

Phone: (888) 794-5464

2600 North Bishop Ave Rolla, MO

Service

Phone: (866) 998-1812

2600 North Bishop Ave Rolla, MO
37.9703394 -91.7601976
[schema type="organization" orgtype="LocalBusiness" url="www.kingdomkia.com" name="Kingdom Kia" description="" street="2600 North Bishop Ave" city="Rolla" state="MO" postalcode="65401" country="USA" email="internetleads0489@car-crm.com" phone="(888) 794-5464" logo="https://www.kingdomkia.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png"]
Kingdom Kia
Kingdom Kia
2600 North Bishop Ave
Rolla, MO, 65401 USA
(888) 794-5464
https://www.kingdomkia.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Kingdom Kia 37.9703394, -91.7601976.