Let's compare GAP insurance

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GAP insurance protects car owners by covering the gap between the value of a vehicle and the amount still owed on its financing if it gets totaled or stolen. Most standard auto policies only pay the depreciated market value, which may not cover the full loan amount. GAP insurance steps in to pay the difference so you don’t end up making payments on a car you no longer own. It provides important financial protection that gives peace of mind. GAP insurance is affordable and can be added to your existing auto policy. Make sure you have this valuable coverage before driving a new vehicle off the lot.

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Motoreasy GAP Insurance

Motoreasy GAP Insurance

GAP Insurance from Motoreasy can include and offer the following cover(s)


Included Finance GAP
Included Return To Invoice
Included Lease/Contract Hire
Excluded Non-UK residents

Check Provider
rated Excellent on Trustpilot
pay Annually or Monthly
No discounts currently
Better Safe GAP Insurance

Better Safe GAP Insurance

GAP Insurance from Better Safe can include and offer the following cover(s)


Included Finance GAP
Included Return To Invoice
Included Lease/Contract Hire
Excluded Non-UK residents

Check Provider
rated Excellent on Trustpilot
pay Annually or Monthly
No discounts currently
GAPInsure.com GAP Insurance

GAPInsure.com GAP Insurance

GAP Insurance from GAPInsure.com can include and offer the following cover(s)


Included Finance GAP
Included Return To Invoice
Included Lease/Contract Hire
Excluded Non-UK residents

Check Provider
rated Excellent on Trustpilot
pay Annually or Monthly
No discounts currently
DirectGAP GAP Insurance

DirectGAP GAP Insurance

GAP Insurance from DirectGAP can include and offer the following cover(s)


Included Finance GAP
Included Return to Invoice
Included Lease/Contract Hire
Excluded Non-UK residents

Check Provider
rated Excellent on Trustpilot
pay Annually or Monthly
No discounts currently
It's important to know

Beat That Quotes cannot and do not accept liability for the content displayed on external links. We may receive a commission from the sale of any policy for those providers with a green style "Get Quote" button. The panel information above is checked and updated every 3 months (90 days) and therefore may be slightly out of date. Please contact the GAP insurance provider directly for discount related issues.

GAP Insurance

Compare GAP Insurance Quotes

Drivers obsessed with safety may still worry about accidents or vehicle theft leaving them stuck with auto loan debt. If your car gets totalled shortly after purchase, its depreciated value may not cover what you still owe the lender. Fortunately, GAP insurance can protect car owners from this financial loss. Here’s an in-depth look at how GAP coverage works and why it’s worth considering.

What is GAP Insurance?

GAP stands for “guaranteed asset protection”. It covers the gap between what your vehicle insurance pays out for a total loss and the remaining balance on your auto financing.

For example, say you buy a new car for £25,000. A year later it gets stolen and your insurance company determines the current value is only £15,000. But you still owe £20,000 on your loan. GAP insurance would pay the £5,000 difference so you don’t end up making payments for a car you no longer have.

GAP insurance provides protection against:

Key Benefits of GAP Insurance

GAP insurance gives car owners financial security, protecting assets and credit scores when the unexpected happens.

When Do You Need GAP Coverage?

Here are common scenarios when GAP insurance provides important protection:

Even used car owners can benefit, especially if you stretched your budget or have high-interest financing. Review your coverage risks any time you purchase a vehicle.

What to Look for in a Policy

The best GAP coverage for your needs will offer:

Read the fine print to ensure you understand exactly what triggers payment and any exclusions or limitations. Reputable insurers make the claims process smooth in the event you need to use the coverage.

Weighing the Costs and Benefits

GAP insurance costs a fraction of the financial loss it protects against. Expect to pay £300-£500 over the loan term for coverage. Compare this to thousands you could owe without it. The relatively small investment brings big peace of mind.

For some buyers, rolling the price into your auto loan keeps the upfront cost low. Even if your driving skills are pristine, GAP coverage can save you from the actions of other motorists. It’s ideal for protecting your assets and credit score when you have the most to lose.

Gain Financial Protection

While no one expects vehicle theft or a total loss, these events can happen in an instant. GAP insurance fills a key coverage gap that softens the financial blow. Now you can drive with confidence knowing potential losses are reduced. So whether you’re purchasing or leasing, review your risks and consider GAP for financial security.

Frequently Asked Questions

GAP insurance is particularly beneficial for:

  • People who finance or lease a new vehicle.
  • Those who make a small down payment on their vehicle.
  • Drivers with long-term vehicle loans (60 months or more).
  • Individuals who drive a lot, causing their vehicle to depreciate faster.
  • Owners of vehicles that depreciate rapidly.

If your vehicle is totaled or stolen, your standard auto insurance policy will pay out the actual cash value (ACV) of the vehicle. If the ACV is less than what you owe on your loan or lease, GAP insurance will cover the difference, ensuring you don't have to pay out of pocket to settle the remaining balance.

Yes, GAP insurance can be purchased for used cars as long as they are financed through a loan or lease. The eligibility criteria and cost may vary depending on the age and condition of the vehicle.

Yes, GAP insurance is designed to cover negative equity, which is the difference between the amount you owe on your vehicle and its current market value. This ensures you don't owe money out-of-pocket if your vehicle is totaled or stolen.

GAP insurance covers the depreciation of your vehicle by paying the difference between the ACV and the remaining loan balance. As vehicles depreciate quickly, especially in the first few years, GAP insurance ensures you are not left owing more than your vehicle is worth after a total loss.

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