Does State Farm Have Gap Insurance : 10 Best Gap Insurance Rates Quoteble . Otherwise, you will have to pay it out of pocket to your lender. If you have your eye on an expensive vehicle, like a new car to a luxury rv, you can apply for a loan from state farm for up to $250,000. Rating gap auto insurance providers is not the easiest job with so many companies offering the same insurance. Gap insurance is more readily available than new car replacement insurance. Gap insurance is an optional car insurance coverage that helps pay off your auto loan if your car is totaled or stolen and you owe more than the car's depreciated value. A state farm insurance agent can help you choose the right products, options, and coverage amounts. No, state farm does not offer gap insurance. A few months later, you total your vehicle in an accident. With gap car insurance coverage, state farm prices are affordable for most drivers. Although state farm doesn't have a traditional gap insurance option...