Thought this would do the most good up here since you all are buying new if 2021... We bought our 2020 and got in on the last of the 0% financing offers (and they'll come around again). Finance guy pushed the heck out of buying Gap insurance, which covers the difference between your Loan balance and what the truck's value might be if it is totaled or stolen. We didn't take it as we could have paid cash and so could also take the hit of paying the delta (same as if we paid cash). It was just shy of a grand for the ins. and of course the guy is telling us it'll only add $15 a month to the payment, yada, yada...

Wife puts the new truck on our insurance today (we have Costco for the cars) and the gal asks if she wants Gap insurance? Wife says no, but then said: out of curiosity, how much is it? $10 A YEAR!!! It's good for the first 3 years.

Sure I'll roll the dice for that cheap of coverage - we rolled everything into the loan - 0 down, there's a good sized gap already. The insurance has an inflation clause and covers up to 125%, like if you add accessories, they're covered too...

So if you take out a loan for your truck, check with your ins co. on the Gap ins option...

Thought I'd share...
Scott

 

If one is interested in GAP insurance and like you said, it’s always best to check around for prices and usually, ones own insurance will offer a better price than a dealer / manufacturer.