GAP Insurance
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GAP Insurance ensures that in the event of a write-off, you’re not caught short by your car insurer

Most cars covered

New and used cars bought from dealerships and private sellers

Finance cover

Cars purchased on loans, PCPs, HP and more accepted

75%

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Save up to 75% on dealer GAP Insurance prices

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Many motorists don’t consider the reality of a write-off to their vehicle. Even the finest insurers will only reimburse you for the current market value of your car. Meanwhile, the second you drive it off the forecourt a car’s value begins to depreciate.

A GAP Insurance policy tops up an insurance payout in the event of a write-off, providing you with the extra funds to purchase a replacement vehicle or to settle any outstanding finance.

GAP Insurance protection for new car or used car write offs

RTI / RTV GAP Insurance cover available for all cars up to 10 years old and 100,000 miles

Contract Hire / Lease GAP Insurance cover available for all cars up to 8 years old and 80,000 miles

Our GAP Insurance covers write-offs due to:

Theft

Accidental damage

Fire damage

Water damage

GAP Insurance for all situations:

RTI
Return to Invoice

New or used cars purchased within the last 6 months

RTI GAP Insurance covers the difference between your insurer’s payout and either the price you originally paid or the amount needed to settle your outstanding finance balance, whichever is the greater

RTV
Return to Value

New and used cars purchased more than 6 months ago from a private seller

RTV GAP Insurance covers the difference between your insurer’s payout, based on current value, and the original value, based on your GAP Insurance start date

CHG
Contract Hire & Lease

New or used cars purchased on a lease or contract hire agreement

Covers up to 100% of any outstanding rental payments on a vehicle, as well as any shortfall in a Finance settlement

Find out more information about Return to Invoice , Return to Value , Contract Hire & Lease Finance GAP and Finance GAP

Confused? Not to worry, just enter your details and we’ll create the policy right for you. Easy.

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What is GAP Insurance?

GAP Insurance or guaranteed asset protection covers you against financial loss if your vehicle has been declared a total loss or a write off by your car insurer.

If your car is involved in an accident, stolen or damaged by flood or fire, and considered a total loss, your insurer will only pay the market value for your vehicle at the time of the incident.

On average, a car loses around 60% of its value in the first three years, leaving you exposed to a shortfall of thousands of pounds on any remaining finance settlement charges or a substantial loss suffered from the vehicle value depreciation.

This can be avoided with MotorEasy GAP Insurance, which bridges the GAP between the value your insurance company will give you for your vehicle and what you paid for it, or owe in finance, depending on the type of GAP Insurance you take out.

To find out more about GAP, read our comprehensive GAP Insurance guide

“Before I had the accident I couldn’t see the need for GAP Insurance, and something kept nagging me, so I took it out and I'm glad I did!”

Mr D Caller, Worthing

Where’s the GAP?

If you bought outright:

You are covered for the car’s value at the point of purchase. As your vehicle depreciates over time, the value of your GAP Insurance increases to cover you.

If you bought on finance:

Due to depreciation, your insurance payout will be less than you owe the finance company - leaving you to pay the difference. GAP Insurance will clear any finance you owe in full.

Don’t worry about car write off - for 24/7 peace of mind, get a quote now

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What MotorEasy customers say about their GAP Insurance

“The appeal of MotorEasy is clear and simple. It looks after all the tedious, day-to-day aspects of car ownership, leaving you free to enjoy driving.”

Paul Hudson, Telegraph Motoring Editor

Other GAP Insurance benefits:

  • Up to £250 insurance excesses covered
  • Optional extras and accessories covered*
  • European road trips for up to 30 days covered
  • Savings on MotorEasy maintenance and repairs
  • A FREE MotorEasy account for updates 24/7

*Where factory or dealer fitted

GAP Insurance Explained

“Depreciation means cars lose value very quickly, so if your car is written off or stolen, you can be out of pocket.

On average a car loses around 60% of its value in three years - the typical length of a car on finance.

So, if your new car costs £12,000 and three years later it was stolen or written off, you’d get just £4,800 from your insurer.

That’s not enough to buy the same car brand new and it’s unlikely to be enough to repay the remaining finance due to balloon payments and interest on PCP deals.

GAP Insurance covers the difference between what your insurer pays out and, depending on the type of policy, what you paid for the car or what you still owe on the car.”

Duncan McClure Fisher,
MotorEasy founder

MotorEasy GAP Insurance manufacturers

Here at MotorEasy, we provide GAP Insurance for a wide range of manufacturers, from Audi to VW.

Check out some of the manufacturers we cover below or get a quote for a full list of makes and models we cover.

FAQs

Cars less than 10 years old and with less than 100,000 miles recorded since new are eligible for GAP Insurance.

Cars and light commercial vans weighing less than 3,500 kg and with a recorded insured value of less than £75,000 also qualify.

Cars and vans must be listed in Glass’s Guide, be to UK specification and not have been modified.

Yes, you can find your claim limit detailed on your GAP Insurance quote or in your schedule document.

As soon as you think the insured vehicle may be declared a total loss you should immediately review and proceed with the claims process found in your Policy Document (found in your MotorEasy account) before you accept any settlement offer from your motor insurer.

The specifics of your GAP Insurance policy will vary depending on the type of cover you choose but all policies work in a similar way; by bridging the gap between the value your insurer pays out in the event of a write-off or total loss and the original value of your vehicle.

For example, if you pay £30,000 for a new car and it’s written off or stolen a couple of years later, its value may have dropped to around £10,000 - so this will be the value your insurance company will pay out, leaving a big disparity. If you’re still paying off finance or a leasing company, or just want to buy the same car again, you’ll likely be out of pocket without GAP Insurance.

It will completely depend on your personal circumstances as to whether you’ll benefit from GAP Insurance, however, it’s generally thought that you will benefit from coverage if you have a new or low-mileage vehicle, in the event of a write-off or total loss. This is because new vehicles depreciate in value quickly, typically around 60% in the first three years alone.

If you’re leasing or financing a vehicle, GAP Insurance can be beneficial as, in the event of a write-off, you’ll likely be left with expensive fees to pay.

Depending on your insurance, you may be covered in the event of an incident within the first year, however, this will depend on your insurance company and cover type. You should check before buying additional GAP Insurance and set a reminder to get a new policy before this expires.

The price of your GAP Insurance will vary depending on your vehicle as well as the type, duration and level of cover you choose, however, typical policies range from £100 to £300. Prices from dealers are up to around 75% more, so buying from MotorEasy will usually save you money.

To find out how much a GAP Insurance policy is for your vehicle in seconds, you can simply apply for a MotorEasy quote.

Yes, GAP Insurance is available for new and used cars acquired in the last six months, whether bought outright, leased or on finance.

Like all types of insurance, there is a range of options to choose from. With GAP Insurance, there are six key types of insurance, some of which may be combined in one policy:

  • Return to Invoice GAP Insurance - Commonly referred to as RTI, return to invoice GAP Insurance will cover you for the difference between your car insurance payout, which is based on the value of your vehicle at the time of an incident, and the price you paid for your vehicle, usually from a garage.
    View your RTI policy documents for more information.
  • Return to Value GAP Insurance - commonly referred to as RTV, return to value GAP Insurance is similar to RTI - it covers the GAP between the amount your insurer pays out in the event of a write-off and the value of your car on purchase, typically from a private seller.
    View your RTV policy documents for more information.
  • Finance GAP Insurance - often packaged with other types of GAP Insurance, finance GAP will cover the fees owed on a finance vehicle in the event of a write-off.
    View your Finance policy documents for more information.
  • Lease GAP Insurance - sometimes known as contract hire GAP, lease GAP Insurance is designed to cover those who lease a vehicle in the event of a write-off, paying the expensive lease repayment fees in the event of your lease being terminated.
    View your Lease policy documents for more information.
  • Negative Equity GAP Insurance - similar to finance GAP but usually more comprehensive, negative equity GAP Insurance covers you in the event of a write-off where the value of your loan is greater than your vehicle value, usually in the event of a vehicle being part exchanged or contract transferred to a new deal.
  • Vehicle Replacement GAP Insurance - a sensible option if you’ve received a discount or got a good deal on a new car, vehicle replacement GAP will cover the difference between an insurance write-off payout and the cost of replacing your vehicle if it was brand new.

A GAP Insurance policy will vary depending on the type of cover you choose but will essentially cover the difference between how much your insurance payout is in the event of a write-off or your car being considered a total loss, and the value of replacing your vehicle or the amount remaining on your finance.

With MotorEasy, you’re also covered for optional extras and accessories if they’re installed by the factory or dealer as well as up to £250 towards your insurance excess.

Shortfall insurance is just another term used for GAP Insurance - insurance that bridges the gap between your car insurance payout and vehicle value in the event of a write-off or your car is stolen.

What is and is not covered by GAP Insurance will vary depending on the type of GAP Insurance you choose, however, there are several common exclusions with all GAP policies:

  • Before purchasing GAP Insurance, make sure you have the right type of car insurance. A comprehensive insurance policy is needed with all GAP coverage
  • If your vehicle isn’t a write-off or total loss, you won’t be covered with GAP Insurance
  • GAP Insurance covers “normal road driving” with cars that haven’t been modified - competitive driving, modifying a car and other exceptions may apply