car accident

What is Gap Insurance?

When you’re ready to buy a new vehicle in Walla Walla, you might be offered unnecessary coverage. Gap insurance may or may not be necessary for you. But, what is gap insurance on a car? Guaranteed asset protection, or gap insurance, covers the difference between the cash value of your car and the amount still owed on it. Learn more about what is gap insurance on a car and how it can protect you after an accident with the finance team at Walla Walla Valley Honda. 

What is Gap Protection?

So, what is gap protection and how can it help protect Dayton drivers? Applied to either a financed or leased car, gap insurance is a smart investment to make. Gap protection covers the difference in what you owe and cash value if your car is totaled in an accident or lost in a theft. Since gap insurance is inexpensive, most finance experts agree that gap insurance is a worthy investment.

Do I Need Gap Insurance?

But, how does gap insurance work? Learn more about how gap insurance breaks down to insure drivers:

  • Depreciation happens the moment you drive off the dealership lot, meaning you owe more than the car is worth immediately.
  • Since most insurance companies will pay out what the vehicle is worth if totaled or stolen, you are left with the remaining balance to pay off.
  • Gap protection covers the remaining balance so you aren’t paying for a car you don’t have.
  • Gap insurance is inexpensive and easy to acquire, making it a great investment and added peace of mind.

How to Buy Gap Insurance

Buying gap insurance is an easy process. You can buy gap protection from your car insurance company for $20 a year or as a one-time fee from the dealership, car loan lender or an insurance company specializing in gap insurance.

Contact the Finance Center at Walla Walla Valley Honda

Have questions? Contact us to learn more about gap insurance and how to obtain it in College Place. Our finance team can answer any questions you might have about car insurance and financing vs. leasing when you’re searching for your new car at Walla Walla Valley Honda. Apply for financing online and get the car buying process started today! Looking for other ways to protect your ride? Explore extended warranties with our team today!

More From Walla Walla Valley Honda

  • Does the Honda Passport Have a 3rd Row?

      Are you in the market for an energetic, spacious, and stylish SUV? If so, the new Honda Passport is right up your alley. This handsome model will turn heads on every commute from Walla Walla to Tri-Cities. What’s more, the spacious interior will keep everyone comfortable no matter how far you roam. If this model…

  • What’s the Difference Between the Honda Accord and Civic Sedans?

    Finding the perfect sedan generally means comparing the Honda Civic vs. Accord. Since all of the latest Honda Accord trim levels and Honda Civic trim levels are available at Walla Walla Valley Honda, our experts have compiled this thorough comparison to make it easier for smart College Place buyers to find their fit. We’re here to help you learn about the…

  • 2021 Honda Civic Trim Levels

    There’s a good reason you see the Honda Civic trims around Walla Walla and beyond. This best-selling lineup is known for its exceptional quality and reliability, and savvy drivers choose this model every day in Walla Walla Valley Honda. But, which of the Honda Civic sedan configurations will you choose? Take a look at the Honda Civic trim levels…

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


Call Now

1240 Southeast Commercial Drive • College Place, WA 99324

Get Directions

Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-5:30pm

Walla Walla Valley Honda 46.0390942, -118.3694377.