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can i buy gap insurance from state farm

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Yes,but with restrictions and by a different name. State Farm Gap insurance is called 鈥淧ayoff Protector鈥?and technically isn鈥檛 insurance coverage. Payoff Protector is available only to those who got their car loan from a State Farm bank,and coverage is included automatically when you close on your car loan.

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  • How does State Farm GAP insurance work?

  • State Farm Gap insurance is called 鈥淧ayoff Protector鈥?and technically isn鈥檛 insurance coverage. Payoff Protector is available only to those who got their car loan from a State Farm bank, and coverage is included automatically when you close on your car loan.

  • Does state Farm offer GAP or AAA auto loans?

  • State Farm鈥檚 GAP option is also known as payoff protector car insurance. You can purchase the State Farm payoff protector in two ways. Does State Farm offer auto loans like AAA? The good news is it does have an auto lending service. However, unlike AAA, the payoff protector is included in your State Farm Bank auto loan rates.

  • Where can I buy a GAP insurance policy?

  • Gap insurance can be purchased from a number of different sources, including your current insurance carrier and specialty companies, but you shouldn’t delay before buying it. After all, cars depreciate the fastest in the first few years of ownership.

  • Does GAP insurance expire on a new car?

  • In some cases, the gap insurance may even expire after a certain number of years. That’s because, at that point, your car will no longer be less than the loan or lease balance. Your lender will likely offer gap insurance when you finance your new car; they may also offer an extended warranty.

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