Are you a diva of discounts? A contemporary of the clearance rack? If you're a savvy shopper you already know that the secret to getting a good deal on anything is to go where the deals happen to be. That being the case, why aren't you taking advantage of the opportunity to shop for car insurance quotes online to save money on your gap insurance?
I know, we just threw a whole bunch of questions at you at once. Really, though, it all boils down to one thing. Are you willing to take advantage of the age of technology to help you save big time by shopping for car insurance quotes online?
Why Virtual is Valuable
If you're still new to the game of shopping for insurance you probably don't remember what people did before they were able to shop for car insurance quotes online. Let me put it to you this way. It was slow, it was painful, and by the time you were done calling every insurance agent in the neighborhood and running up your phone bill while you negotiated (assuming they didn't have a 1-800 number) the extra value you got by shopping around didn't always justify the extra time and expense you put in.
When you shop online you can have a quote from a company in a matter of minutes. You fill out a form, you click a button, and * poof *! Their automated quote software spits a guesstimate of your rates back out at you. If you play your cards right you can have a dozen car insurance quotes in-hand in under 2 hours, something that wouldn't have been possible only 12 short years ago.
You can cut that time in half by using an automated online quote finder to put you in touch with multiple companies for each form you fill out. You get your quotes, they get a commission from each policy you decide to buy. It's a good deal for everyone.
Why Gap Insurance Should be Guaranteed
Okay, you get why you need to shop for car insurance quotes online, but why gap insurance?
A better question would be, what is your car worth right now? Is it more or less than what you paid for it when you bought it? The answer, unless you've been doing some fast footwork, should always be less. That's good news if you like your math to be easy, but bad news when that number falls below what you still have due on your loan.
Insurance companies are only going to write a check for what the car is worth at the time if you find yourself in an accident and your car is totaled. Do you really want to be paying on a loan for a car you can't drive? Your lender doesn't particularly care about the current status of your car. Sure, they sympathize, but that loan is still due. Gap insurance closes the gap so you can walk away from an accident with your loan paid off and your fiscal freedom firmly in hand.
