Lou Sobh Honda

What is GAP Insurance?

Car finance Paperwork

If you’ve been exploring the insurance options on a new Honda car, truck or SUV, you may have asked: “What is GAP insurance?” GAP stands for Guaranteed Asset Protection, and it is designed to cover the difference between the value of a vehicle and the balance still owed on it. Learn more about Honda GAP insurance, what it covers, and how it works in this guide, courtesy of the finance team here at Lou Sobh Honda.

What Else Does GAP Insurance Do?

What is GAP insurance on a car? Covering the difference between your vehicle’s value and the amount you owe on it, GAP insurance is particularly beneficial if your vehicle has suffered serious damage in an accident. Dawsonville drivers should note that GAP insurance does not cover bodily injuries, mechanical repairs, or your deductible. If you opt for GAP insurance you’ll have coverage for damages to your vehicle from:

  • Accidents
  • Fire
  • Vandalism
  • Nature damages (tornado, hurricane, flood, etc.)
  • Theft

Most auto insurance policies won’t cover these unexpected occurrences, which is why GAP insurance can be especially valuable for Gainesville drivers.

Is GAP Insurance Worth It?

In the opinion of the finance specialists at Lou Sobh Honda, GAP insurance is definitely worth having. The extra peace-of-mind that comes from knowing that your investment is protected when something out of the ordinary happens can be invaluable to a wide range of Alpharetta drivers. Also, since the value of your vehicle begins to depreciate the moment you drive off the lot, having this insurance cover the difference between how much your car is worth and how much you are still paying on it, can save you money in the event of a collision.

How Can I Get GAP Insurance?

GAP insurance can be purchased through your local Cumming dealership or from a trusted auto insurance company. Most often you’ll find that GAP insurance can cost as little as $20 a year, in addition to the one-time fee at the time of purchase.

Learn More About Your Insurance Options at Lou Sobh Honda

We hope we’ve adequately answered the question, “What does GAP insurance do?” As your local Honda dealer, we are happy to explain your insurance options, as well as provide advice on everything from the do’s and don’ts of car buying, how to find your Equifax credit score, and more! Check out our car buying tips, and if you are ready to get behind the wheel of an exciting new Honda, use our payment calculator to find out what your monthly payment will be. If you have any questions, feel free to contact us.

More from Lou Sobh Honda

  • Knowing the Difference between Memorial Day and Veterans Day

    Lou Sobh Automotive | By Cammie Alkire Often times Memorial Day is regarded as the “start of summer” or the end to a very long year of classwork. It’s important to remember that Memorial Day means so much more to surviving military family members. According to the VA, Memorial Day and Veterans Day are often…

  • 2020 Honda Accord Interior Features

    If you’re searching for a stylish sedan to upgrade your Alpharetta commute, the 2020 Honda Accord is a great choice. With its powerful engine, comfortable ride, and wide variety of convenient amenities, it’s no wonder the Accord is so popular among Cumming drivers. Explore the Honda Accord design and interior features in this guide from…

  • What are the Honda HR-V Safety Ratings?

    Looking for a compact crossover SUV that is not only fun to drive but also keeps you safe on the roads in and around Alpharetta? You need to take a look at the 2020 Honda HR-V. Capable and well-equipped, the HR-V has earned solid crash test scores from the top industry safety agencies. Find out…

Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×

(770) 813-1995

Call Now

1105 Buford Rd • Cumming, GA 30041

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-5pm

Open Today! Parts: 7am-5pm

Lou Sobh Honda

1105 Buford Rd Cumming, GA

Phone: (770) 813-1995



Phone: (678) 679-7303

1105 Buford Rd Cumming, GA


Phone: 678-820-4356

1105 Buford Rd Cumming, GA


Phone: (678) 679-7301

1105 Buford Rd Cumming, GA
34.1764558 -84.1280916
Lou Sobh Honda 34.1764558, -84.1280916.