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    Insurance for Your Auto Loan

     

    It’s always exciting to buy a car. Except the loan part. That’s not so exciting.

    If you total your new vehicle before the loan is paid off, you’re still obligated to pay the full amount.

    It doesn’t seem fair, does it?

    So get car insurance that will fix that problem. If your new vehicle is totaled before the loan is paid off, Loan/Lease gap coverage will pay the outstanding balance on your auto loan.

    What to Do Now

    Call us to work with an Electric Insurance Risk Coach™. Our Risk Coaches are licensed insurance professionals who are glad to help you navigate the often-perplexing world of insurance coverage. Call us at  800.342.5342, Monday through Friday from 8:00 a.m. to 8:00 p.m. ET.

     

     

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    Illustration of average $675 savings on car insurance.

     

    Screenshot of our auto coverage chart

     

    One size of auto coverage does not fit all. Get the right coverage for your needs with one of three flexible coverage options. This at-a-glance chart (.PDF, 1.5mg) shows you coverage highlights so you can make the right choice for you. 

    Disclosure Statements

    Product, service, program, credit, and discount availability and limits vary by state. The information provided on this site is provided for informational purposes only and is not a full explanation of products, services, or coverage. For more information, please contact Electric Insurance Company at 800.342.5342. If there are discrepancies between the information on this site and the policy, the terms in the policy apply. 

    1. Average countrywide car insurance savings as reported by Electric Insurance Company customers through July 31, 2023. Potential savings vary.

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