Is Gap Insurance Worth It? Here's What I Found

I spent time researching gap insurance because most articles online are written to sell you something. Here's what I actually found.
Gap insurance pays the difference between your car's market value and your remaining loan if the car is totaled or stolen. Simple concept, but whether it's worth paying for depends entirely on your situation.
It makes sense when:

You financed a new car with little money down
Your loan term is 60 months or longer
You're on a lease

Skip it when:

You owe less than the car is worth
You put a large down payment
Your car depreciates slowly

I built a free tool to check your specific situation in seconds: gapinsuranceworth.site
No signup, no sales pitch.