Anyone financing a car in Utah should at least consider gap insurance. If your car gets totaled or stolen, gap insurance covers the difference between what you owe on your loan and what your car is actually worth. That “gap” can be thousands of dollars—especially with how quickly new vehicles depreciate. The downside? It adds an extra cost to your premium and might not be necessary if you made a big down payment or have strong equity in your vehicle. But for many, especially new car buyers, it’s a safety net worth exploring. If you're comparing options and trying to find cheap car insurance in Salt Lake City, it’s smart to factor in whether gap coverage makes sense for your situation.