Learn about gap insurance, its importance, and how it can protect you when buying a used Nissan.
Published: March 12, 2026
Tags: used Nissan Massillon, used cars under $30,000, affordable used vehicles North Canton, quality used SUVs and trucks
Learn about gap insurance, its importance, and how it can protect you when buying a used Nissan.
March 12, 2026
Gap insurance covers the difference between what you owe on your vehicle and its current market value if it's totaled. It's particularly useful if you have a loan or lease on a vehicle.
Gap insurance, or Guaranteed Asset Protection insurance, is designed to protect car buyers from financial loss in the event of an accident or theft. If you buy a used Nissan vehicle from Stewart Automotive Group and it's involved in an unfortunate incident, gap insurance can help you avoid a significant financial burden.
Many drivers are unaware that vehicles depreciate quickly; in fact, a car can lose about 20% of its value within the first year of ownership [Source]. This depreciation means that if you owe more than your car is worth, you could be left paying out of pocket after an accident. For instance, if you purchased a pre-owned Nissan Altima for $20,000 and it’s totaled shortly after, without gap insurance, you may end up covering the difference between what you owe and its lower market value.
Consider your financing situation. If you have a long-term loan or a low down payment on your used Nissan, gap insurance might be a wise investment. We recommend discussing your options with your insurance provider and get in touch with our team at Stewart Automotive Group for tailored advice and support in your car-buying journey.