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GAP+ Insurance
Protect yourself with guaranteed asset protection (GAP) insurance to avoid a large, unexpected bill should your car get totaled.
Protect yourself with GAP car insurance
No one expects it to happen. Your car gets totaled, and on top of everything else, you get a large, unexpected bill. After collision insurance pays out, you may still owe money on your vehicle. When you have GAP+ Insurance1 from Civic, you could pay nothing. This optional auto insurance could pay the difference between the amount owed on your car loan and the value of your car when your vehicle is deemed a total loss.
Terms
Get help replacing your vehicle with GAP+ Insurance
This auto insurance option gives you an additional $1,0002 toward the principal cost of your replacement vehicle (that’s the plus in GAP+). Plan ahead for the unexpected with GAP+ Insurance, a car insurance option that helps you get through an overwhelming situation.
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Find affordable car GAP insurance costs
Build this $675 optional car insurance coverage into your car loan payments or pay out of pocket. Either way, you will be protected with GAP+ Insurance for a no-nonsense and affordable fee.
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Here are a few FAQs
What is the difference between GAP insurance and GAP+ insurance?
GAP insurance, or guaranteed asset protection, covers the ‘gap’ between what you owe and what your car is worth. The plus in GAP+ stands for an additional $1,000 you will receive towards the principal of a replacement vehicle.
How much does GAP+ insurance cost?
Civic offers GAP+ insurance for $300 and is built into the car loan.
Does every car owner need GAP+ insurance?
GAP+ insurance can benefit anyone who buys a new car, but there are two instances where you should strongly consider GAP+ coverage:
- Low Money Down: You put less than 20% down on your new car. The lower your down payment, the greater the risk if you don’t have GAP+ insurance.
- Length of Loan: Your loan term is longer than 60 months. The longer your loan term, the slower your principal balance goes down, so the longer you’re at risk if you don’t have GAP+ insurance.
1 Guaranteed Asset Protection Plus (GAP+) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. You may cancel the protection at any time. If you cancel protection within 90 days, you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product. GAP+ auto insurance is made available and processed through TruStage. It may not cover the entire deficiency between what you owe on your loan and the amount your insurance will pay. A total loss claim is determined by your auto insurance provider. You will be responsible for any remaining balance due on the loan after GAP+ insurance has been paid. Refer to your GAP+ agreement for all limitations and exclusions.
2 Members have 120 days from the auto insurance check issuance date to buy another vehicle to receive $1,000 toward it. The vehicle must be financed with Civic. Loans are subject to credit approval.
3 Message and data rates may apply.
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