Auto coverage

If you finance most of your new vehicle loan or the entire amount, you should seriously consider purchasing Guaranteed Asset Protection (GAP) Insurance from United. At $300 (a one-time-only fee), United’s is the best price in the area.

Because new cars depreciate dramatically as soon as they leave the car lot, you may find yourself owing more on the car than its book value in the early stages of paying down your loan.

If an accident occurs soon after you buy it and your new car is completely totaled, you will still be responsible for the loan. Your regular insurance will pay you the retail value at the time of the accident, but that might not be enough to cover your loan.

GAP Insurance covers the difference between the retail value and what your insurance company covers, which allows you to purchase another new vehicle to replace the new one that was totaled.

Not only is United’s GAP Insurance a real bargain, but there is also an added benefit in how it is applied. 

If your car is totaled and there is no “gap” for the GAP Insurance to pay, you will receive $1,000 toward your next car, as long as you are financing your next new car with us. 

So you win either way!

Don’t be fooled by what the auto dealers offer you for GAP Insurance. Our product offers you the same coverage but at a much lower cost!