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Auto Protection Plan

Insurance

Auto Protection Plans are voluntary protection products that help reduce the financial impact of unexpected vehicle ownership costs. Depending on the plan, benefits may include coverage for mechanical repairs, Guaranteed Asset Protection (GAP), tire and wheel protection, key replacement, dent repair, and other eligible vehicle-related expenses.

Auto Protection Plans complement auto financing by helping borrowers manage repair costs and protect their investment throughout vehicle ownership.

Why it matters for financial institutions

Auto Protection Plans help financial institutions enhance the value of their auto lending programs by improving the borrower experience and supporting long-term customer relationships. They can generate non-interest income, reduce financial stress for borrowers, and help protect vehicle collateral throughout the life of the loan.