Yes, you may still need gap insurance even if you have full coverage. Full coverage typically includes liability, collision, and comprehensive insurance, which can help pay for repairs or replacements if your car is damaged or stolen. However, it usually does not cover the difference between what you owe on your auto loan or lease and the actual cash value of your vehicle at the time of a total loss. Gap insurance fills this gap by covering the difference between the outstanding loan balance and the amount your primary insurance pays. This can be especially important if you have a high loan balance or if your vehicle depreciates quickly, ensuring you won’t be left with a significant financial burden in the event of a total loss.