Loan Insurance & Protection

We offer our members several loan coverage options at rates that could be pretty hard to beat!  Even if another lender tells you they can beat our rates by a fraction of a percent, you’ll want to be sure to calculate (new window/tab) the FULL cost of your loan when you purchase additional coverage — many times lenders will charge 2-3 times what we charge for loan coverage!


GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan

  • An optional and inexpensive benefit that you may add to your collateralized loans
  • GAP coverage goes into effect when your vehicle is stolen and isn’t recovered, or is totaled in an accident and cannot be repaired
  • Metco charges $449 for GAP regardless of the vehicles’ age or price, which is substantially lower than dealerships and other financial institutions
  • Our GAP includes an additional $1,000 toward the purchase of a replacement vehicle if you finance the vehicle with us, and an Auto Deductible Reimbursement up to $500
  • GAP is available on most titled vehicle loans and can be purchased at the time the loan is made or up to 18 months after

Contact one of our Lending Professionals for more details or to see if you can add this coverage to your vehicle loan today!



Depreciation is essentially the opposite of GAP (and a great complement to GAP!).

While GAP protects your loan balance, it does not account for any down payments you made or established equity in the vehicle. Our Depreciation Protection ensures you are reimbursed for down payments, trade-in equity, dealer rebates, and established equity. 


This protection could cancel your loan balance or payments up to the contract maximums in the event of:

  • Death
  • Disability
  • Involuntary unemployment

In addition, Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. Protect your loan balance or loan payments today so your family can worry a little bit less about tomorrow. Purchasing protection is voluntary and won’t affect your loan approval. It’s simple to apply.

We also suggest you check-out our Vehicle Protection Plans.


HOLIDAY CLOSING NOTICE: We will be closed on Monday, January 17th for the MLK holiday.