If your car is totaled and you owe more on your loan than the car is worth, gap insurance pays the difference. In Illinois, gap coverage typically costs $5-$15/month — and it can save you thousands if you're in a total-loss accident during the first few years of a car loan.
(888) 217-6781Example: You owe $25,000 on your car loan. Your car is totaled and the insurance company values it at $18,000. Without gap insurance, you'd owe the remaining $7,000 on a car you can no longer drive. Gap insurance covers that $7,000.
You can get gap insurance from your auto insurer, your dealer, or a standalone gap provider. Auto insurer gap is typically cheapest at $5-$15/month. Dealer gap can cost $400-$700 upfront. Call (888) 217-6781 to add gap coverage to your Illinois policy.
| Insurance Company | 6-Month Premium | Monthly Cost |
|---|---|---|
| GEICO ⭐ | $738 | $123/mo |
| Progressive | $834 | $139/mo |
| Country Financial | $858 | $143/mo |
| State Farm | $912 | $152/mo |
| Allstate | $1,110 | $185/mo |
Rates based on 2026 data for a 35-year-old driver with good credit and clean record. Your rate will vary.
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