With Gap Insurance you get back the full £20,000 purchase price of the vehicle!

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Takes less than a minute

You have a shortfall of £6,000 which is paid by the Gap Insurance. This means your car finance agreement is cleared in full.

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What are the different types of Gap Insurance available ?

• Our Gap quote engine is powered by Direct Gap , they are able to tailor the right Gap policy that fits your needs. The market leading products are as follows :
• Finance/Contract Hire: If your vehicle is declared a total loss, this type of Gap Insurance will pay the balance between your motor insurer’s settlement and the amount you have left to pay on your finance agreement. It includes all drivers on your policy, you can be covered for one to five years, and it also provides protection of any factory fitted options you may have added to the vehicle.
• Return to Invoice +: Should your car be written off in an accident or stolen, our Return to Invoice + policy will pay the difference between the settlement you receive from your motor insurer and the amount you paid for the car in the first place. This policy is applicable to both new and used cars, is transferrable free-of-charge and we also offer a 30-day money back guarantee.
• Vehicle Replacement +: With this policy, our pay-out will cover the difference between your insurer’s settlement at the point of total loss and the cost of a replacement vehicle matching the cars original specifications. Our Vehicle Replacement + policy will cover any dealers’ discounts as well as any increase in the cars list price.
• Agreed Value: Should your car be declared a total loss; our Agreed Value Gap Insurance will pay the difference between your motor insurer’s settlement and 100% of the Glass’s Guide retail price at the time you bought the policy. Our Agreed Value insurance provides cover for one to four years, is transferrable for free and protectsyou if your vehicle is lost through the theft of your keys.

Why do I need Gap Insurance ?

In the busy motoring world, it is easy to be caught up in an accident through no fault of our own. Cars are often written off by insurers due to the rising costs of repairs . As a result, you can find yourself having to settle any outstanding finance or simply replace your car . As car do depreciate this may leave you with a financial shortfall. As gap insurance is an additional cost on top of your car insurance policy, it’s important to understand it so you can decide whether you really need it.

Reasons why you should consider gap insurance:

• Your car is on finance. This is because your pay-out may not be enough to clear the debt, which could leave you paying for a car that you no longer have.
• You may want to replace your car with a a newer car if yours is written off or stolen. Gap insurance will cover the difference between what you originally paid for the car,and the current market value.
• You’d like to guarantee you get the same amount that you originally paid, in the event of a total loss.

Reasons why you may not need it:

• You have third party or third party, fire and theft insurance as having gap insurance only works with fully comprehensive cover you may choose not to raise your cover level.
• You use your vehicle as a race car on a track or in a rally Which is an excluded usage. Gap insurance will only cover you for road driving.
• You have a fully comprehensive policy with ‘new for old’ included on your policy, and your car is less than 12 months old. Your insurer should offer ‘new car replacement’ in this case, which means you don’t need gap insurance.
• You have a used car, and you can afford to replace it with the market value paid by the insurer and using your own funds to add to the costs if needed.
• You’re happy to replace your car with a similar make and model rather than a brand-new car, if it is written off or stolen

What does gap not cover?

• Cars with a purchase price of over £75,000 (unless they have an approved tracking device)
• Vehicles over 10 years old
• Vehicles that have driven more than 100,000 miles when the policy is purchased
• You should also note that gap insurance doesn’t cover taxis, private hire vehicles, cars and vans used for any other type of ‘hire and reward’, or vehicles used for racing, rallying or any other competitive event.

How do I get a Gap Insurance quote ?

Our quotes are powered by Direct Gap who can provide you with a quote in less than a minute. All you’ll need to get a quote is:

• The value of your car when you bought it, then answer some simply questions on how you use your vehicle and if any of the exclusions listed apply.
• Additionally, how many years cover you need, which can range from 1 to 5 years

You’ll then be given a quotation for the policy of your choice. The policy summary and the policy words are available for you to read and understand the best choice of cover for you.
From there you can then proceed to purchase the policy for up to the next 30 days.

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How much is Gap Insurance likely to cost ?

The cost of gap insurance depends on the type of policy you choose, the length of policy, and the purchase price of your car.

The table below gives you an average cost for each policy type based on a 3-year policy.Information is from Direct Gap.