Guaranteed Asset Protection

Don't be left paying on a car that no longer exists.

You might have to make a payment on a car you no longer have.

The Allstate® Guaranteed Asset Protection (GAP)1 program helps cover what you owe on your vehicle loan or lease if you experience a total loss before it's paid off. GAP waives the difference between your primary auto insurance settlement and the outstanding balance owed on your vehicle on the date of loss.1,2

Benefits
  • Provides protection for new and used vehicles valued or financed up to $100,000
  • Reimburses you for your primary auto insurance deductible up to $1,000
  • Waives covered losses up to $50,000
Commercial Coverage: If you drive your vehicle as a means of income, including ridesharing services or delivering food or groceries, you may not be protected. Ask about our Commercial GAP waiver.
How GAP Works
Lease/Loan Payoff $26,000
Primary auto insurance settlement amount -$20,000
Difference Owed $6,000
Total GAP amount waived -$6,000
Your out-of-pocket expense $02

Ask your dealer about Allstate® Guaranteed Asset Protection.3

This product is sold through authorized dealers around the country.