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Gap insurance need calculator

Cars depreciate faster than loans amortise in the early years, so a total loss can leave you owing money on a car you no longer have.

Purchase price ($)Down payment ($)Loan rate (%)Loan term (months)Months elapsedAnnual depreciation (%)Deductible ($)

This is an educational tool, not a quote or advice. It uses general formulas and the figures you enter. Policy terms, state rules and insurer practice vary, so check anything important with a licensed agent.

More auto insurance calculators

Should I file a claim?

Compare the payout on a claim against the premium increase you would pay for years afterwards.

Deductible break-even

Find how many claim-free years it takes for a higher deductible to pay for itself.

Total loss threshold

Check whether repair costs exceed your state’s total loss threshold against the car’s value.

Is collision coverage worth it?

Compare the annual cost of collision cover against the most it could ever pay you.

Accident premium impact

Estimate the total extra premium you pay over the years a surcharge stays on your record.

Bundling savings

Compare separate home and auto policies against a bundled quote.