GAP (Guaranteed Asset Protection) Insurance is designed to protect you financially if your car is written off or stolen. In the event of a total loss—whether through theft, fire, or accident—your motor insurer will only pay the vehicle’s current market value. Unfortunately, this is often much less than what you originally paid, or what you still owe on finance.

That’s where GAP Insurance steps in. It bridges the “gap” between your insurer’s settlement and either the amount you paid for the vehicle, or the outstanding balance on your finance agreement (depending on the type of policy you choose).

This means you won’t be left out of pocket or stuck repaying finance on a car you no longer have. Instead, GAP Insurance helps you get back on the road with the funds you need—giving you peace of mind from day one of ownership.

GAP Insurance isn’t for everyone, but it can be a smart safeguard in certain situations. Cars lose value quickly—often by as much as 20–30% in the first year—so if your vehicle is written off or stolen, your insurer’s payout may not come close to covering what you originally paid or still owe.

You’ll find GAP Insurance is most beneficial if:

• Your car is brand-new or nearly new – depreciation hits hardest in the first few years.
• You bought your vehicle on finance or lease – you could still owe more than your insurer will pay.
• You’ve made a large upfront payment or part-exchange – GAP ensures your investment isn’t lost.
• You want peace of mind – knowing you won’t be left out of pocket if the worst happens.

At QuoteMyGap, we know every driver’s situation is different. That’s why we offer a range of GAP Insurance policies tailored to your needs. Here’s a quick breakdown:

• Finance GAP – Covers any outstanding finance if your car is written off.
• Negative Equity GAP – Protects you if you owe more on your finance agreement than the car is worth.
• Return to Invoice (RTI) – Pays the difference between your insurer’s payout and the original invoice price.
• Vehicle Replacement GAP – Covers the cost of replacing your car with a brand-new equivalent model.
• Return to Value (RTV) – Pays the difference between your insurer’s payout and the value of your car when you took out the GAP policy.
• Lease GAP – Settles any outstanding lease payments if your leased vehicle is written off.
• Agreed Value GAP – Protects the value of your car as agreed at the start of the policy.

Yes—if you want complete protection against depreciation and finance shortfalls. Comprehensive car insurance will only cover your vehicle’s current market value at the time of a total loss. Because cars depreciate quickly, your payout could be much less than what you originally paid—or what you still owe on finance or lease.

GAP Insurance bridges that difference, ensuring you’re not left out of pocket.

GAP Insurance is designed to cover a wide range of vehicles, not just cars. At QuoteMyGap, you can get protection for:

• Cars with up to 7 seats
• Light Commercial Vehicles (LCVs)
• Motorbikes, scooters, and mopeds
• Hire and reward vehicles (taxis, private hire, etc.) with up to 10 seats

Some high-performance, luxury, or specialist models may be excluded. If you’re unsure whether your vehicle qualifies, our team can quickly confirm eligibility.

At QuoteMyGap, we provide a range of GAP Insurance policies to suit different vehicles, budgets, and ownership types:

• Finance GAP – Clears any outstanding finance if your car is written off or stolen.
• Return to Invoice (RTI) – Covers the difference between your insurer’s payout and the original invoice price you paid for your car.
• Vehicle Replacement GAP – Pays the extra cost needed to replace your car with a brand-new equivalent model.
• Lease GAP – Covers any outstanding lease payments if your leased vehicle is written off or stolen.
• Agreed Value GAP – Protects the value of your car as agreed when the policy starts—ideal for second-hand purchases.