To continue enjoying all the features of Navy Federal Online, please use a compatible browser. Confirm your browser capability.

Now offering coverage for motorcycle loans

Now offering coverage for motorcycle loans

Whether your ride has four wheels or two, we're on the road with you.

Staying covered no matter what

Guaranteed Asset Protection (GAP) could help cover the costs that standard vehicle insurance can't.Footnote [1] It's an optional plan that may pay you the difference between your outstanding loan amount and what's included by your primary insurance company. Adding GAP to your new or existing loan may be an affordable way to protect yourself if your car or motorcycle is totaled in an accident or stolen. It could also cover up to $1,000 of your deductible.

Adding GAP to a new vehicle loan?

Opt in when you apply today.

Adding GAP to an existing vehicle loan?

Call us at 1-888-842-6328.

How much does GAP cost?

For eligible new and used vehicles, Navy Federal charges a flat enrollment fee of $499. You have the option to pay for it in a lump sum or finance it into your loan, which increases the overall cost (Note: California Active Duty and Active Reserve Duty Servicemembers cannot finance the fee).

If you choose to add the fee to your loan amount, your monthly payment would probably increase by only a few dollars. 

Is my vehicle eligible?

GAP is available for new and existing Navy Federal auto and motorcycle loans. It covers most cars, pickups, SUVs and motorcycles no older than 7 years. Commercial vehicles, including ridesharing and food delivery vehicles, are not eligible. For more information about what GAP covers, visit our questions and answers page.

Is GAP right for me?

You may want to consider GAP if:

  • your loan had no or a low down payment
  • your vehicle make and model depreciates quickly
  • you drive your car more than 15,000 miles a year (accelerating your car’s depreciation)

Related Auto Resources

Disclosures

1

Your purchase of Guaranteed Asset Protection (GAP) is optional. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with Navy Federal. You may choose to pay the fee in a single lump sum or you may finance it into your loan, which would increase the cost (NOTE: California Active Duty and Active Reserve Duty Servicemembers cannot finance the fee). If you cancel your optional GAP coverage within 60 days of enrollment, you will receive a full refund of any fees. Additional information will be provided to you, which will include a copy of the GAP Agreement and Disclosure (NFCU23A) containing the terms of the plan. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under the plan. You should carefully review the additional information for a full explanation of terms.

↵