Should I get credit life insurance on an automobile

[CreditGuy03]

This sounds pretty expensive. IS this necessary? I already have regular life insurance. Do I need life and disability on an auto loan

[StartingOver10]

No, it is NOT necessary at all. In fact it is one of those items that is a huge profit center for the lender/dealer.

You have life insurance already. Don't even consider getting credit life insurance on your auto loan.

[Creditaddict]

GAP Coverage possibly but not life insurance/accidental death or whatever for any credit product!

[StartingOver10]

Shop your GAP coverage too. Your auto insurance company has it and I bet it is substantially less expensive than the one the auto dealer offers to you.

[SamsungHDTV]

I wouldn't even go for GAP unless your interest rate is really high. Even then I'd probably just make good principle payments if I was in the position to.