What Is Gap Insurance?

Man Holding Car Keys

What is GAP insurance on a car? GAP, which stands for Guaranteed Asset Protection, is insurance that covers the difference between what your vehicle is currently worth and the remaining amount you still owe on it, regardless of whether it’s on a loan or a lease. When you want to apply for coverage, or if you simply hope to learn more, contact us at your local Phoenix Jaguar Chandler where our finance center can help answer your questions.

What Else Does GAP Insurance Cover?

What exactly does GAP insurance cover? In addition to covering the difference between your vehicle’s current value and the amount you owe on it, GAP insurance actually covers quite a bit more. Rather than covering bodily injuries, mechanical repairs, or your deductible like more typical insurance options you may be aware of, it covers:

  • Theft
  • Fire
  • Vandalism
  • Accidents
  • Natural damage (tornado, hurricane, flood, etc.)

Having this type of coverage is important when more common insurance options don’t cover these additional unexpected things that could occur right here in Gilbert.

Is GAP Insurance Worth It?

Absolutely! You never know when you’re going to need it— so if you want the peace of mind and incidental coverage, GAP insurance is worth it for you. It’s importance coverage to have for things like weather incidents that are out of your control. Plus, since a vehicle depreciates the second you drive off the lot, if you get in an accident this insurance will cover that GAP between the current worth of your vehicle and what your standard insurance will cover.

How Can I Get GAP Insurance?

Drivers can acquire GAP insurance from your auto insurer whether that’s through your chosen dealership or a third party that deals explicitly with auto coverage. If you do decide to get GAP insurance coverage, it can cost as little as $20 a year, in addition to a one-time fee at the point of purchase.

Learn More at Jaguar Chandler

If you’re ready to purchase and insure your new vehicle, contact our finance department here at Jaguar Chandler near Tempe. Our knowledgeable staff is ready to help answer any questions you may have, including how to calculate your interest rate, value your trade-in, or get GAP protection.

More from Jaguar Chandler

  • 2020 Jaguar F-PACE Interior

    The 2020 Jaguar F-PACE interior is bound to feel like a home away from home. Although this exciting Jaguar SUV is best known for its powerful stance, highly capable engines, and smooth, satisfying performance, no element in the F-PACE cabin has been left unconsidered. Explore the Jaguar F-PACE interior capacity and explore its standard and…

  • What Are the 2020 Jaguar XE Interior Features?

    Although it starts at just $39,900 MSRP, the 2020 Jaguar XE interior holds nothing back. Phoenix and Gilbert drivers have been quick to notice its exceptional selection of interior features, its spacious, smartly-designed cabin, and its premium materials. Once you’ve seen how the Jaguar XE design ties it all together, you’ll be hard-pressed to settle…

  • What Can You Do with the 2020 Jaguar F-PACE Seating Capacity?

    186.3 The 2020 Jaguar F-PACE seating capacity allows five passengers travel comfortably. Of course, the F-PACE interior dimensions aren’t the only reason that you should get excited about this high-performance SUV. Jaguar has gone above and beyond to equip each model with the latest and greatest high-tech comfort features, and we know you’ll love what…

Hours & Maps

Get Hours and Directions


7470 West Orchid Lane, Chandler, AZ, 85226

Get Directions dealer map

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 7:00 PM
  • Sat9:00 AM - 6:00 PM
  • Sun11:00 AM - 5:00 PM
Service Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 1:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 1:00 PM
  • SunClosed
Saved Vehicles ×


You don't have any saved vehicles!

Look for this link on your favorites:


Once you've saved some vehicles, you can view them here at any time.

Contact Us ×


Call Now

7470 West Orchid Lane • Chandler, AZ 85226

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

Jaguar Chandler

7470 West Orchid Lane Chandler, AZ

Phone: 855-424-2340



Phone: 855-431-9951

7470 West Orchid Lane Chandler, AZ


Phone: 855-424-2340

7470 West Orchid Lane Chandler, AZ


Phone: 855-424-2346

7470 West Orchid Lane Chandler, AZ
33.3235347 -111.9711539
Jaguar Chandler 33.3235347, -111.9711539.