Lilah Butler, Car Insurance Writer
No, Mercury does not offer gap insurance, but you can find affordable gap policies from many other major insurance companies. Gap insurance is a specialty type of coverage that pays the difference between your car’s actual cash value and your loan or lease balance if the vehicle is stolen or totaled. You may be required to carry gap coverage if your vehicle is financed.
Popular Gap Insurance Providers
If you’re a current Mercury customer and want to maintain your policy, you could purchase gap insurance from a dealership or a stand-alone company. However, dealership gap insurance is often the most expensive option, since it’s usually rolled into your loan and charged interest.
For more information, check out WalletHub’s complete guide to gap insurance.
People also ask
Did we answer your question?