The cost of gap insurance in Canada typically ranges between $20 and $40 per month, though it can vary based on several factors including the provider, the type of vehicle, and the coverage level. Some car dealerships and insurance companies offer gap insurance as part of the financing package for new cars, while others provide it as an add-on to an existing auto insurance policy. Additionally, the price may depend on whether the policy is purchased from the dealership, an insurance company, or a third-party provider. It’s important to compare different options to find the best rate and coverage for your specific needs.