How to Cancel Jeep Gap Insurance

GAP insurance, which is short for Guaranteed Auto Protection or Guaranteed Asset Protection, is a type of optional insurance coverage designed to protect you from financial losses. GAP insurance can help you avoid being left with a loan balance after your car is totaled (due to damage from an accident, fire, or natural disaster) or stolen.

If your car is being stolen or totaled, your auto insurance policy will pay out the full value of the car. Unfortunately, that payout doesn’t always cover the full amount of your loan balance, which could leave you car-less with a four or even five-figure loan balance.

While GAP insurance is a great tool to have in your belt as the owner of a newer car, this coverage becomes less relevant – or even completely useless – in certain situations. When you no longer need GAP insurance, you’ll want to cancel your coverage and potentially get a refund.

Let’s discuss when it makes sense to cancel GAP insurance on your Jeep, how you can actually cancel your coverage, and what to expect along the way.

What do I need to do to cancel GAP coverage on my Jeep?

To cancel GAP coverage on your Jeep, you first need to figure out where you purchased (or leased) your GAP policy.

Once you have your GAP contract in hand, you should be able to find specific cancellation instructions within. Some GAP providers have a specific form you need to complete, while other insurers may allow you to cancel on their website or by phone or email.

There’s no universal answer regarding how to cancel GAP insurance on your Jeep since there isn’t a dedicated Jeep GAP insurance policy. 

The fastest method for canceling your GAP insurance is to refer to your GAP agreement and/or contact the dealership you bought your vehicle from. We did do some research just in case you are having trouble finding this information. In the next section we list 2 GAP insurance providers we found worked with Jeep dealerships.

Who is the GAP insurance provider on my Jeep?

To determine the insurer or the administrator of your GAP policy, you need to look at your GAP agreement or contact the dealership where you bought or leased the vehicle.

Though you may have gotten your Jeep at a dealership, Jeep doesn’t have its own GAP insurance. Instead, each Jeep dealership can partner with different GAP insurance providers to offer coverage on the vehicles they sell.

For example, two companies a Jeep dealership might partner with are CNA National Warranty Corporation and Zurich North America. And, even though these policies are offered through these insurers, they might have an administrator who handles cancellations.

If you have Zurich GAP insurance, you can cancel your policy by contacting the dealership that sold you the coverage. Alternatively, you can get in touch with Zurich directly by calling their customer service team at 888-835-5063 or submitting an online inquiry.

If your GAP coverage is provided by CNA National, you can contact them by phone at 800-345-0191, by email at info@cnanational.com, or by completing their online inquiry form.

When does it make sense to cancel GAP insurance on my Jeep?

GAP insurance can be a smart way to reduce your risks in the early years of your loan or during your lease term. But, once you have the car for a few years and have paid down a chunk of the loan balance, GAP insurance typically isn’t relevant.

Here are some situations when it makes sense to cancel your GAP insurance coverage.

• You sold your car
• You traded in your car for a different vehicle
• You bought a cheaper GAP insurance policy with the same coverage
• Your lease is up or you terminated your lease early
• You paid off your loan
• Your loan balance is significantly lower than your car’s current value (note that this might happen earlier on some Jeep models that are known to hold their value well, like the Jeep Wrangler)

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