Car GAP Insurance
Car GAP Insurance
Avoid financial loss if your car is written off or stolen
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Compare GAP policies in under a minute
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Suitable for new and used cars
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Cover from UK-based insurers
It's quick and easy to get GAP insurance
1.
Tell us about your car and you
The vehicle reg, when you bought it, and the mileage.
2.
Compare products and prices
Compare cover length, products and prices
3.
Pay online and you’re covered
Add any additional options, confirm your details and pay via car or Apple/Googlepay.
What is GAP insurance?
Guaranteed Asset Protection (GAP) insurance is designed to cover the difference between the price you paid for your car and your car insurance payout.
If your vehicle is stolen, involved in an accident or damaged by fire or a flood, your insurance company will usually only pay you its market value at the time.
GAP insurance is there to bridge this financial gap, hence the name.
A brand new car can lose up to 70% of its value in the first three years alone. A second-hand car can lose as much as 20% in the first six months. GAP insurance can make sure you have enough to buy a new vehicle or pay off any outstanding finance you have.
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Is GAP insurance worth it?
GAP insurance isn’t a legal requirement, but it can provide peace of mind if you want to buy a new or used vehicle should yours be written off.
It might be right for you if:
- You bought your vehicle on finance
- Your vehicle is new or depreciates quickly
- Your vehicle is leased or on a contract hire deal
- You’re worried that you won’t be able to afford to replace your car on a new-for-old basis
You might not need it if:
- Your insurance includes new vehicle replacement cover
- You have bought a car outright and aren’t financing it
- You’d be satisfied with a payout based on your vehicle’s current market value
- Your vehicle is an older vehicle and might not lose too much value due to the mileage being higher. Typically depreciation slows down the older the vehicle gets and the more miles it’s done.
Which GAP insurance cover is right for you?
Return to invoice
Return to invoice GAP insurance pays you back to the price you paid for your vehicle or finance settlement figure if that is higher.
It’s suitable for new and used vehicles up to 10 years that are owned outright or on finance.
Vehicle Replacement
Vehicle replacement GAP insurance pays you back to the cost of replacing your car as it was when purchased, or the outstanding finance settlement – whichever is higher at the time.
It’s suitable for new and used vehicles up to 7 years old that are owned outright or on finance.
Contract Hire Plus
Contract hire GAP insurance pays the difference between your insurance settlement figure and the amount of outstanding rental payments.
It’s suitable for new and used vehicles on contract hire.
We will show you all available options and prices to compare that are applicable to you when you get a quote with us.
Why buy GAP insurance from us?
Great cover
- UK based insurer
- No market value or pre-approval clauses
- Pays up to £250 of your excess
Flexible payment options
- Pay in full
- Interest free payments from 3 months to 36 months
- Apple and GooglePay available
Compare cover
- Compare quotes in under 1 minute
- Easy to compare the products and prices available to you
- Select additional covers
