Cruisin' Smart: Turbocharge Your Savings on Auto Insurance When Leasing
Picture this: you're cruising down the highway, wind in your hair, feeling like you own the road. But hold on a sec – did you know you might be paying way too much for your auto insurance, especially if you're leasing your wheels? Here's the scoop: when you lease a car, it's like dipping your toes into a partnership with the leasing company. Sure, they hand over the keys, but that sleek ride is still their baby. They want to make sure their investment is safe and sound, rain or shine. So, what's their game plan? Well, they rope in something called GAP insurance. GAP, short for Guaranteed Auto Protection, is like the guardian angel of leasing. It swoops in to cover the gap between what your regular auto insurance coughs up and what you still owe on that lease if your wheels end up in a fender bender, totaled, or worse – swiped by car thieves. Now, here's where the plot thickens. Your leasing company might be slickly sliding that GAP insurance into your contra...