Gap insurance calculator

Is the cover worth the premium?

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18

Loan balance

Current value

Yearly premium

Exposure covered

$5,000

Premium per $1,000 covered

$48

With these inputs, exposure covered comes to $5,000. Premium per $1,000 covered works out to $48.

What moves the number · Exposure covered

Input	−10%	Now	+10%
Loan balance	$2,200	$5,000	$7,800
Current value	$7,300	$5,000	$2,700

Whatmakesequal

Save this set of inputs, change something, then save again to compare the outcomes side by side.

Is the cover worth the premium?

With the defaults above, exposure covered works out at $5,000.