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Smart Shopper Gap Insurance
440 messages, Last post on Sep 24, 2009 at 1:20 PM
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USAA charges $170 as a one time fee for GAP insurance. My dealer wanted $700, but they ended upmatching USAA when I told them - lol GAP was important to me, because I financed the whole value of the car. I used my trade to pay-off my other car loan (we have three cars), so rather then having two smaller loans, I have one bigger one. As a result, GAP seemed like a must have for me.
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Replying to: joel0622 (Nov 29, 2007 1:28 pm) Keep in mind, banks have rules about how much you can borrow on a car in the first place. Some banks limit loans to 80% of MSRP while others (like USAA) will loan up to 120% of MSRP. USAA charges $170 for gap insurance (at least that is what I was quotted) but the amount may vary for the borrower depending on the situation. US Banks gap insurance works the same way too.
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Replying to: waterdr (Jan 20, 2008 6:51 pm) Yes it is correct, I think you misunderstood the question the other posters asked. The question was: Is the Gap going to pay $25,000 PLUS the $8000???? The GAP does not pay $33K. It pays the difference after the insurance company settles, based on the coverage.
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Replying to: waterdr (Jan 19, 2008 8:17 pm) I have a question. Can you tell me what USAA stands for and if you can, can you please give me there phone number.? I have been looking high and low for a company to give me GAP and I am having a hard time trying to find one. Thanks for your help Nan 
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Replying to: nkmonty1 (Jan 21, 2008 7:11 am)
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Replying to: joel0622 (Jan 21, 2008 7:26 am) Thanks so much for getting back to me so fast. I really appreciated it. I guess that leaves me out, because I do not have anyone in the military. My father was along time ago and I guess that doesnt mean that will help me. Have a great day Nan |
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Replying to: nkmonty1 (Jan 21, 2008 7:11 am) Did you try Safeco? I had GAP with them before I switched to another company.
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Replying to: tedebear (Jan 21, 2008 11:55 am) |
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Replying to: nkmonty1 (Jan 21, 2008 8:00 am) Thanks so much for getting back to me so fast. I really appreciated it. I guess that leaves me out, because I do not have anyone in the military. My father was along time ago and I guess that doesnt mean that will help me. Have a great day Nan There is a trick to get to USAA. You can open an accoutn with Pentagon Credit Union and it will automatically qualify you for USAA, if I understand it correctly. |
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