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Gap Insurance - Get The Coverage You Need

Gap insurance could save you from a financial disaster if your car is totaled, and it's more budget-friendly than you may think. Enter your zip code today to discover how affordable it is to protect your investment with gap coverage from A-MAX.

What is Gap Insurance?

When your car's value depreciates, gap insurance can help protect you financially by bridging the gap between its value and your owe on it at the time of an accident in which the vehicle is deemed a total loss.

A new car starts to lose value as soon as you purchase it. Most auto insurance policies will only pay the vehicle's actual cash value if it is totaled in an accident, and sometimes, the actual cash value of the car is less than what you owe on the vehicle. Gap insurance can help. You can purchase this coverage through your auto insurance carrier, and if you total your car and the actual cash value of the vehicle is less than you owe to your leasing or financing company, your auto insurance company will pay the difference without any additional out-of-pocket expense to you.

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Amy V. ⭐⭐⭐⭐⭐

Amy V. ⭐⭐⭐⭐⭐

We are super satisfied with the service we get from Stephanie every time we need a quote, make a payment or even just a simple question…She is super friendly very professional and did I mention very thorough about any information she gives us. I feel like she always goes above and beyond no matter what service we need.Thank you Stephanie we need more people like you in the customer service world!

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Nate P. ⭐⭐⭐⭐⭐

Nate P. ⭐⭐⭐⭐⭐

Lindsey was absolutely amazing, she stayed on the phone with me until the whole process was complete and was very polite! Also, the rates are unbeatable!!! I would put 10 stars if I could but I guess I'll just highly recommend them!

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Abelia C. ⭐⭐⭐⭐⭐

Abelia C. ⭐⭐⭐⭐⭐

Vanessa had helped me with a quote and getting started on insurance, she was extremely helpful and gave me an awesome deal!! She was super polite and beyond helpful!!

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Miguel C. ⭐⭐⭐⭐⭐

Miguel C. ⭐⭐⭐⭐⭐

Great customer service! Immediate quote with the best prices in town. I had have them for about six years now and they are always eager to help and give you the best deal.

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Richard L. ⭐⭐⭐⭐⭐

Richard L. ⭐⭐⭐⭐⭐

I have been with them for more than 8 years I have not had any problems very good company!

Lejoan B. ⭐⭐⭐⭐⭐

Lejoan B. ⭐⭐⭐⭐⭐

Angelica helped with my full coverage insurance in under 20 mins I was all set. Thanks again I’ll be recommending.

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Ametrus B. ⭐⭐⭐⭐⭐

Ametrus B. ⭐⭐⭐⭐⭐

If you just need liability insurance, this is the go to place. Lowest prices in town. Friendly agents to work with.

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Is Gap Insurance Worth the Extra Premium?

The financing or leasing company for your new car usually offers gap insurance that can be built into your monthly payments. Still, if your auto insurance carrier offers gap insurance, carrying it on your auto policy can be much less expensive than buying it through your lessor or financing company. Gap insurance is required on a leased vehicle and is usually built into the lease.

If you are financing your vehicle, ask your auto insurance carrier if gap coverage is offered in the policy. Typically, gap coverage costs about $20-$50 per year and can be very worthwhile if you’re in a situation where you owe money on the balance of the loan and the actual cash value settlement for the vehicle is not enough to pay off the balance.

What Does Gap Insurance Cover?

Gap insurance covers the difference between what your car is worth when it is totaled in an accident and what you owe on the loan or lease you agreed to when you purchased the vehicle.

Let’s say that you financed your vehicle for 60 months, you are two years into your contract, and the balance on the loan is $20,000. If you get into an accident where your auto insurance company, or the at-fault driver’s auto insurance company, determines the value of the car is only $18,000, you will owe your loan or leasing company $2,000 to pay off the loan. If you have gap insurance, your auto insurance carrier will pay the $2,000, so you don’t have to come up with out-of-pocket money to pay off the loan or lease.

At the time of an accident in which your vehicle is totaled, your auto insurance, or that of the at-fault driver if it’s not you, will ask your loan or leasing company for the amount of the balance on your loan or lease. The insurance company will determine the actual cash value of the vehicle. If the actual cash value of the vehicle is less than what you owe on your loan or lease, the auto insurance company will pay your loan or leasing company the difference.

Who Doesn't Need Gap Insurance?

Keep an eye on the value of our vehicle. Sites like Kelley Blue Book can be used to determine the actual cash value of your car. If the value of your car is more than what you owe on the loan or lease balance, you can safely remove the gap insurance from your auto insurance policy to avoid the additional premium you are paying for the gap insurance.

Also, if your auto insurance policy offers “new car replacement” coverage or “agreed value” coverage, you do not need to carry gap insurance. These coverages guarantee that you will be paid to replace your vehicle (new car replacement) with one of the same year, make, and model of your totaled vehicle or pay you a value that was determined for the vehicle when you purchased it (agreed value). Agreed value coverage will pay either the cost to repair the vehicle, even if it exceeds the actual cash value, or the agreed-upon value, regardless of depreciation.

Frequently Asked Questions About A-MAX Insurance

A-MAX Insurance is a trusted, community-focused insurance agency that helps customers compare coverage options from 35+ top-rated insurance companies comparing over 400+ plans. We make it easy to find affordable protection for your car, home, roadside assistance and more - all while delivering personalized service you can count on.

A-MAX Insurance works for you!  We partner with insurance carriers to bring you competitive rates to protect what is important to you. With a few details about yourself and your vehicle or property, you can get all the information about your protection delivered to you either on the phone, online or in person.

Absolutely. At A-MAX Insurance, we take your privacy seriously. We follow strict security practices to ensure your personal and financial details are always protected. You can shop for coverage with confidence knowing your data is safe. Please review privacy policy and terms of use for more information.

No. A-MAX Insurance is an independent insurance agency, not an insurance carrier. That means we work for you, not for the insurance companies. Our goal is to help you compare top insurers side-by-side and choose the policy that gives you the right coverage at the right price and peace of mind.

Yes. A-MAX Insurance is a fully licensed insurance agency, and our representatives are licensed professionals. We’re here to answer your questions, explain your coverage options, and help you make confident insurance decisions.

Our reputation is built on transparency, savings, and excellent service. Thousands of customers trust A-MAX because we deliver personal guidance, competitive rates, and quick, simple insurance solutions both online and in our neighborhood offices across Texas, California, and beyond. Plus, we’re a bilingual team, offering English and Spanish assistance at all times to make sure every customer gets the support they need.

Every review we share comes from real A-MAX customers who’ve actually purchased or compared coverage with us. We never pay for reviews or edit customer feedback, and many of the customers featured in our videos have been with A-MAX for years and willingly agreed to share their experience. Their stories reflect the trust our community has in us. Trust that’s also reflected in the 4,000+ Google reviews we’ve earned, most of which are 4- and 5-star ratings.

A-MAX Insurance offers a wide range of insurance products, including:

 

- Auto Insurance

- Homeowners and Renters Insurance

- Roadside Assistance

- Commercial and Business Insurance

- SR-22

- Pet Insurance 

- Notary and Title Services 

- Mexico Tourist Insurance

- Motorcycle and Specialty Vehicle Coverage

 

We can also help you explore discounts for bundling multiple policies.

 

To provide you with an accurate quote, we’ll ask for a few basic details such as:

 

  • Your Name, Date of Birth 

  • Your address 

  • Marital Status, Gender

  • The vehicle make, model, and year

  • Your desired coverage limits

     

For homeowners or renters policies, we’ll ask about your property type, year built, and safety features. The more details you share, the more accurate your quote will be.

 

Insurance companies each use different formulas to determine rates. This means the same driver or homeowner can receive very different quotes. Comparing options with A-MAX helps you find the right balance of coverage and savings in minutes.

Your auto insurance rate can depend on several factors, including:

 

- Driving record and claims history

- Vehicle type and age

- Credit history (where allowed by law)

- Age, gender, and location

- Chosen coverage and deductible amount

- Homeowner/Renter insurance bundling 

The insurance you truly need is the insurance that protects you and your family from unexpected costs. Your coverage requirements can vary. Most states mandate minimum liability insurance, but drivers with leased or financed vehicles are usually required to carry full coverage.

A-MAX Auto Insurance Options:

 

  • Liability insurance (state-required minimum)

  • Full coverage auto insurance (includes liability, collision, and comprehensive)

     

Available add-on protections:

 

  • Uninsured motorists coverage

  • Roadside assistance services

     

These options ensure that you get reliable, affordable coverage that fits your situation.

The easiest way is to use the A-MAX website, or one of the 200+ stores, chat or a quick phone call. We’ll compare quotes from multiple insurers, explain your options clearly, and help you secure coverage right away. You can start your quote online or visit one of our local offices for in-person help.

  • A-MAX partners with many reputable 35+ insurance carriers, giving you access to competitive rates from trusted names in the industry. Because we’re independent, we can find the policy that fits your needs and not the insurer’s. Here are a few of the carriers that we work with:

    Progressive
  • Kemper
  • National General
  • Bristol West
  • American Access
  • Root
  • Ganisco
  • United Auto

 

For a full list visit our Insurance Partners.

Before choosing a policy, think about:

 

  • The coverage amount and deductible
  • What discounts you may qualify for
  • The insurer’s customer service reputation
  • The total value you’re getting — not just the price

 

Your A-MAX agent can help you understand what each quote includes so you can make the best choice.

 

Not necessarily. The lowest price might mean less protection or higher deductibles. A-MAX helps you balance cost with quality coverage, so you’re protected when it matters most.

In some states, insurers may consider gender as one of many rating factors. Other states prohibit this. Your A-MAX agent can explain what applies in your area.

 

Where gender is used, it’s based on industry-wide statistical data about driving risk and not personal characteristics. These risk patterns can lead to differences in rates between genders.

Often, yes. Many insurers offer multi-policy discounts when you bundle home and auto insurance together. Homeowners also tend to receive better rates due to stronger credit history and financial stability. Ask your A-MAX agent about bundle savings available to you.

A-MAX Insurance proudly helps all drivers, including those with less-than-perfect driving records, find affordable coverage. Whether you have accidents, tickets, a DUI/DWI, a lapse in coverage, SR-22 requirements, speeding violations, or other high-risk driving history, we specialize in helping non-standard drivers get the protection they need at a price they can afford.

 

Because we work with 35+ insurance carriers, we can match customers of every background and risk level with reliable coverage, even if you’ve been denied elsewhere.

 

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