Been thinking about gap insurance lately, and um, I'm kinda confused about how the premiums work. Like, say you buy a new car and get gap coverage, but then something happens and your car gets totaled pretty soon after. Would you end up paying way more in premiums than you'd ever get back? Or is it usually worth it? Just wondering if anyone's had experience with this sorta thing...
I get your concern, and honestly, gap insurance can be a bit tricky. When I bought my last car, the dealer pushed it pretty hard, but I shopped around and found way cheaper options through my own insurance company. Premiums weren't too bad—maybe $20 or so extra a year. For me, peace of mind was worth it, especially since new cars depreciate like crazy the second you drive off the lot. If something happens early on, you'd probably come out ahead...but definitely don't buy it blind from the dealership without checking alternatives first.
