Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
No, gap insurance is not required in Utah or any other state. Even though gap insurance is never required by state law, auto lenders and lessors often make borrowers get this type of coverage to protect their investment in financed vehicles.
Gap insurance is an optional type of coverage that pays the “gap” between your car’s actual cash value (ACV) and the balance remaining on your car loan or lease if the vehicle is stolen or totaled. It is particularly useful for drivers with financed vehicles who made a small down payment or have a car that depreciates quickly.
Required Car Insurance Coverage in Utah
- $25,000 in bodily injury liability insurance per person ($65,000 per accident)
- $15,000 in property damage liability insurance
- $3,000 in personal injury protection (PIP) insurance
In addition to the coverage dictated by state law, lenders and lessors usually require comprehensive, collision and gap insurance for full coverage.
To learn more, check out WalletHub’s guides to gap insurance and how much insurance you need in Utah.
People also ask
How much is gap insurance in Utah?
Gap insurance in Utah costs an average of $2 to $30 per month, depending on whether you buy it from a dealership, a car manufacturer or your insurance provider. Gap insurance is only needed for one to three years, or until your vehicle is worth more than you still owe on your loan or lease.
Gap insurance covers the gap between a totaled vehicle’s actual cash value and the amount still owed on a loan or...
read full answerHow much car insurance do I need in Utah?
Drivers in Utah need $25,000 of bodily injury liability insurance per person (up to $65,000 per accident) and $15,000 of property damage liability insurance. Utah also requires personal injury protection (PIP) insurance. PIP covers medical expenses for you and your passengers after an accident.
Here’s How Much Car Insurance Drivers Need in Utah:
| Coverage Type | Minimum Coverage Limit |
| Bodily Injury Liability Coverage (per person) | ... |
What is considered a total loss in Utah?
A car is considered a total loss in Utah when the vehicle’s actual cash value is equal to or less than the cost of repairs plus the salvage value. Actual cash value refers to how much the car was worth immediately before the damage, while the salvage value is the car’s worth in its damaged state.
When a car is totaled according to the Utah totaled car law, the policyholder will receive the car’s actual cash...
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