Gap Insurance Calculator
Calculate how much you are underwater on your auto loan and whether gap insurance is worth the cost.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Inputs
Results
Gap Coverage Amount
$3,212.5
How to Use This Calculator
- Enter the Vehicle Purchase Price (what you paid, not MSRP).
- Set your Current Loan Balance — the amount still owed to the lender.
- Enter the Vehicle Age in years and the Annual Depreciation Rate.
- Input your Insurance Deductible so the gap coverage calculation is accurate.
- Review the Gap Coverage Amount, Estimated Market Value, and how much you are underwater on the loan.
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