What is GAP Insurance? Grainger Nissan of Savannah Explains the Ins and Outs of this Added Peace of Mind

Shopping for a new vehicle can lead to a lot of questions. New or used? Car or SUV? Purchase or lease? Should you get GAP insurance or not? Fortunately for drivers from Bluffton, SC to Richmond Hill, the automotive experts at Grainger Nissan of Savannah are here to help you every step of the way and to help you navigate any questions that may pop up, including the big question of whether or not GAP insurance is something you'll need.

What is GAP Insurance?

GAP insurance, or "Guaranteed Asset Protection insurance," protects you when life gets in the way. Accidents happen, and sometimes vehicles are totaled or destroyed before their loans are paid up. So, what happens to you, the purchaser, when that happens? Normally, you'd be stuck holding the bag. Responsible for finishing your payments and paying off the rest of the loan for a vehicle you're not even driving anymore.

But GAP insurance fills in the gaps. Getting GAP insurance when you buy the vehicle can help protect you down the road. But not all GAP insurance is the same. Most standard GAP insurance options will first help determine the difference between the cash value of your vehicle and the remaining balance. From there, GAP insurance will provide you with the difference between the amount you owe and that remaining balance, making it easier to afford your next vehicle. However, you could still be on the hook for your deductible, typically around $500. Plus, most GAP insurance policies will cover a maximum of 115% loan-to-value. In the event that your vehicle requires more coverage than this, you could still end up owing thousands.

That’s where our GAP insurance stands out. At Grainger Nissan, we offer a GAP insurance policy that will cover up to $1,000 of your deductible, up to 150% loan-to-value, and, if you don’t use your GAP insurance, we will refund whatever is unused. This option is rarely available with other insurance providers. GAP insurance is a smart idea to begin with, and Grainger Nissan’s GAP insurance is even smarter. To learn more, contact us today and see how we could save you thousands!

A Full-Service, One-Stop Dealership in Savannah

The best part about determining which finance agreement, which vehicle, and whether you need GAP insurance in the Pooler and Garden City area, is that you don't have to go it alone. We're here to help.

Browse our collection of currently available, top-quality, brand-new Nissan cars, SUVs, and pickup trucks to get started. You'll find the perfect fit for your family drives or local commutes in our inventory, and we can help you get set up behind the wheel for a test drive.

When you're ready to secure the perfect lease or loan and learn more about GAP insurance, trust our expert finance center team. You can apply for financing online, from the comfort and safety of your own home, and count on our team to guide you every step of the way, including throughout the GAP insurance process.

Accidents can throw a wrench in our lives and lead to major headaches. Don't add remaining car payments and an outstanding debt to the list of headaches. Let GAP insurance step in and fill in the gaps for you and let Grainger Nissan of Savannah help out.