Does Kemper offer gap insurance?
Asked by: Dr. Blaze O'Connell | Last update: November 25, 2025Score: 4.8/5 (65 votes)
Does Kemper have gap insurance?
Yes, Kemper offers gap insurance for approximately 5% of the car's physical damage premium. Kemper gap insurance pays the difference between your car's actual cash value and your remaining loan or lease balance if the vehicle is stolen or totaled.
What type of insurance does Kemper offer?
Affordable Auto and Life Insurance.
Who offers the best gap insurance?
Learn More. The best gap insurance company is Travelers because the company's premiums are generally affordable and it has fewer customer complaints than average. For the price of approximately 5% of the car's comprehensive and collision premium, Travelers customers can add loan/lease gap coverage to their policy.
Do cars automatically come with gap insurance?
No, California law prohibits gap insurance from being required. It is an optional coverage type for qualifying vehicles but is banned from being required as the condition of a loan or auto sale.
GAP Insurance | Buy from dealer or Insurance company?
Can you add gap insurance later?
Can you buy gap insurance at any time? You can typically buy gap coverage for a used car or new car at any time as long as the loan or lease isn't paid off, though some insurance companies may only offer a limited amount of time to purchase coverage.
How do I know if I have gap insurance through dealership?
Some dealers include gap insurance as part of your monthly loan payments. You can find information about what's included in your sale documents. If you financed through a bank or other lender, check the documents from both the dealer and the lender. Either of them might have included gap coverage automatically.
Can I purchase gap insurance by itself?
Gap coverage can be purchased through a third party outside of your dealership, lender or insurance carrier. Online companies like EasyCare and AutoPay offer standalone gap insurance for new and used cars.
What is better than gap insurance?
Car replacement assistance versus gap insurance.
Standard gap insurance will pay off your loan, but nothing more. Car replacement assistance pays you 20% more than the car's ACV, whether you're making car payments or not. The money goes directly to you, so you can decide how to use it.
What happened to Kemper Insurance?
Insurer Kemper Corporation (Kemper) has exited preferred home and auto insurance, having moved to “actively reduce” the business immediately. Policies sold through its Kemper Personal Insurance brand will be non-renewed or cancelled in accordance with state regulations, Kemper said in a press release.
Is Kemper insurance expensive?
Kemper's average auto insurance rates are generally higher than the national average. Full coverage costs an average of $3,162 annually with Kemper versus $2,638 per year nationally. Minimum coverage with Kemper averages $1,188 per year, which is significantly more than the national average of $767.
Does Kemper cover theft?
Comprehensive coverage is for non-collision events that may damage your vehicle, such as theft, vandalism or even hazardous weather.
What does gap insurance cover?
GAP is an optional product that is intended to cover the difference between the amount you owe on your auto loan and the amount the insurance company pays if your car is stolen or totaled. Standard auto insurance only pays an amount up to the value of your vehicle.
What company owns Kemper insurance?
In 2010, Unitrin purchased all rights to the Kemper name, and began operations as Kemper Corporation on August 25, 2011, with trading on the New York Stock Exchange under the KMPR ticker symbol. In November 2015, Joseph P. Lacher, Jr. was appointed President and Chief Executive Officer.
How do I claim gap insurance?
You can start by contacting the GAP insurance company or the dealer to see how to initiate your claim. You'll need the proper documentation to help prove the difference between the amount you owe on your loan or lease and the vehicle's actual cash value.
Is it too late to get gap insurance after an accident?
If you get into a minor fender bender and you're within the eligibility time frame, you can probably still get gap insurance. However, you can't get gap insurance after an accident that totals your vehicle. At that point, you are stuck paying off your auto loan balance out-of-pocket.
How much does it cost to get a gap?
This typically involves a one-time flat fee, usually making the gap insurance cost anywhere from $500 to $700. Buy standalone gap insurance: Some insurers don't include gap insurance in their comprehensive insurance packages.
Why would a gap claim be denied?
If the gap insurance company discovers there was any fraud or misrepresentation (you lied) on your application for coverage, your claim could be denied. The vehicle isn't a total loss. Only total loss claims are covered by a gap policy. The claim exceeds the policy limits.
At what point is gap insurance worth it?
However, gap insurance makes sense when your auto loan balance is likely to exceed the actual value of the car. This usually happens when: You put little or no money down when you financed your car. Your trade-in vehicle was less than what you owed on that loan, and that amount was added to your new car loan.
Can you purchase gap insurance at any time?
Rules vary from one insurer to the next, but you usually can't buy gap insurance for a car that's more than two to three years old. If you do have gap insurance, it may expire after that timeframe. Some insurers may also require you to purchase collision and comprehensive coverage before getting gap coverage.
How much will I get back from gap insurance?
You'll only receive a refund for the GAP insurance that you haven't used. For example, if you cancel your policy after three months of coverage, you'll only get a refund for the remaining nine months (if you paid for a year of coverage). The amount of your refund is based on how you pay your insurance bill.
What is the most gap insurance will pay?
The most gap insurance will pay is the full amount left on your loan or lease after your insurer pays your vehicle's actual cash value for a covered collision or comprehensive insurance claim. The exact amount gap insurance will pay depends on the balance of your loan or lease and the value of your car.
How long does gap insurance stay on your car?
GAP insurance lasts as long as you need it to, with most drivers keeping their policies active for a year or two.
Does gap insurance pay off a loan?
Gap insurance is an optional car insurance coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car's depreciated value.