GAP insurance made easy.
Straightforward GAP insurance policies that won’t drive you around the bend...
New or used
New or usedPolicy options for new or used vehicles
More affordable
Regularly more affordable than policies from car dealers & traders
Flexible valuation
Cover available for vehicles valued up to £150,000
What is GAP insurance?
GAP insurance stands for Guaranteed Asset Protection Insurance
If your car is written off or stolen and your motor insurance settlement is less than what you paid for the vehicle (which is often the case), GAP insurance pays the difference between what you paid for the vehicle and what your motor insurer pays you.
Purchase price of your vehicle £30,000
How does GAP insurance work?
If your car is stolen or written off your insurer will pay you what the car is worth today - not what you paid for it at the time you bought it.
As cars can lose considerable value over time, this can often mean that car owners are unable to buy a vehicle of a similar spec in the event of a write-off, or worse still are left paying finance for a vehicle they no longer have.
Depending on how you paid for your vehicle, GAP insurance will cover up to;
What you paid for the vehicle when you bought it
Any outstanding finance amount you have left to pay on the vehicle, or
The amount it will cost to replace the vehicle like-for-like
What types of GAP Insurance are there?
We offer 4 types of GAP insurance:
Combined Total Loss
GAP INSURANCE
Combined Total Loss GAP Insurance pays the difference between your motor insurance payout and either;
- What you paid for the vehicle, or
- Your outstanding finance balance, whichever is greater
This policy best suits those who used a cash deposit and finance to purchase their vehicle.
Vehicle Finance
GAP INSURANCE
Vehicle Finance GAP Insurance pays the difference between your motor insurance payout and any outstanding finance you have on the vehicle.
This policy best suits those who financed a vehicle using Hire Purchase (HP), Personal Contract Purchase (PCP) or Conditional Sale (CS) agreement.
Return to Invoice
GAP INSURANCE
Return to Invoice GAP Insurance pays the difference between your motor insurance payout and what you paid for the vehicle.
This policy best suits those who used a cash deposit and/or a personal loan to purchase their vehicle.
Vehicle Replacement
GAP INSURANCE
Vehicle Replacement GAP Insurance pays the difference between your motor insurance payout and what it would cost to buy the same vehicle today.
This policy best suits those who bought a vehicle for less than its market value.
What does our GAP insurance cover?
Up to £50,000 GAP protection
Cars and vans can be covered
Covers motor insurance excess up to £250
Suitable for vehicles up to £150,000 in value
Covers manufacturer fitted extras
5 year policies available