Before you drive away in your new Mitsubishi Outlander from Oâ€™Brien Mitsubishi of Normal, thereâ€™s a few things to keep in mind. Being a good car-owner includes scheduling regular vehicle upkeep and maintenance as well as practicing safe driving. While you can practice safe-driving habits, the best way to protect both yourself and your vehicle is to get insurance.
Keep in mind, there are tons of coverage options to choose from, like comprehensive, collision, gap, etc. Donâ€™t know what kind of insurance to get for your vehicle? Fortunately, we can help.
What is Gap Insurance?
Before you decide to purchase gap insurance for your Mitsubishi Outlander, youâ€™ll need to understand exactly what it is. This kind of insurance is not very common, since itâ€™s mostly used in niche situations. When you owe more on an auto loan or lease than your current vehicle is worth, gap insurance (guaranteed asset protection) acts to fill the gap of coverage not provided by traditional forms of insurance.
While collision and comprehensive insurance will cover the costs and damages incurred in an accident, thereâ€™s no protection if you owe on a loan or lease. Thatâ€™s where gap insurance comes in handy, by protecting the true value of your 2020 Mitsubishi Outlander.
Visit Our Finance Center Today
Now that you know a bit more about gap insurance, you can decide for yourself if itâ€™s worth it for your new Mitsubishi Outlander. Still unsure? Luckily, our expert finance team is here to help you out. Visit our Mitsubishi finance center near Fairbury, ILÂ so our team can answer all of your questions on gap insurance. Head down to our Illinois Mitsubishi new car dealership today to learn more.