However, if you want to trade in your vehicle, gap insurance can't help you with the negative equity you have in the Kia.Another item to be aware of: Gap insurance won't transfer to your new vehicle. You'd need to buy a new gap policy for the new vehicle if you wanted the coverage. Be forewarned, a new gap policy wouldn't cover any loan amount from the Kia that is carried over into the new car's loan, only the loan amount that is for the new vehicle would be covered by gap coverage. If you paid for your gap insurance in full when buying the Kia, then when you trade the vehicle in for a new one, see if you should receive a refund for the unused portion of the policy. If you pay for gap coverage monthly, then you used the coverage each month as you paid for it, and thus would not be eligible for a refund. Buying gap insurance from a dealership will usually be more expensive than buying it from an insurance company. We work with companies that offer loan/lease coverage, such as Travelers and Progressive, when you buy your primary car insurance policy with them that includes collision and comprehensive coverage. Loan/lease coverage is similar to gap insurance, but may have conditions, such as its payment won't exceed 25 percent of the ACV of the vehicle at the time of the loss, it varies by insurer. As with any type of auto-related insurance coverage, you need to comparison shop to find the best price for your gap insurance.