There are many advantages to paying for your car with an auto loan or leasing your car on a short-term basis. However, one disadvantage is that you will have to buy more car insurance coverage — not only just gap insurance, but also comprehensive and collision coverage. Of course, you’ll appreciate these coverages if you total your car, whether that occurs in the Keystone State or anywhere else in the country.
While it’s not nearby, if you want to learn more about gap insurance in another state, read our article on gap insurance in Arizona. Just like in Pennsylvania, Arizona drivers can benefit from getting their gap insurance from their existing car insurance provider, which would cost around just $25 annually.
Learn more about how car insurance works for leased vehicles, which have more car insurance requirements than vehicles you buy outright. Since you’re not the owner, the lessor will want to protect its property from risk, and that means making sure it will get the total value back if the car is totaled.