Auto Insurance terms starting with G

3 terms

  1. Gap Insurance Insurance coverage that pays the difference between what you owe on your auto loan and your totaled car’s actual cash value.
  2. Good Driver Plan A rating program offered by some insurance companies that reduces your premium if you have had no accidents or traffic violations within a specified time…
  3. Grace Period A time period after the due date that you may pay a premium without penalty. The policy remains in force during this time.