GAP Insurance
Protect yourself from unexpected costs if your vehicle is written off or stolen. GAP Insurance covers the difference between your car’s current value and the amount you still owe on your lease or finance agreement, giving you peace of mind when it matters most.
Why Should I Take Out GAP Insurance With My Lease?
GAP Insurance isn’t a legal requirement like your standard motor cover, but it is a smart financial safeguard. If your leased vehicle is written off due to theft or accident, your insurer will typically only pay its current market value. That could leave you with a significant shortfall between what your insurer pays and what you still owe, often thousands of pounds.
By taking out GAP Insurance, you’re protecting yourself from that risk. It gives you peace of mind throughout your lease, so you can focus on enjoying your car without the financial worry.
What Is GAP Insurance – And Why Do You Need It?
Picture this: your lease car gets written off or stolen. Your insurer pays out the current market value — but your finance company wants the full remaining balance. That’s often thousands more than the insurance payout… and it’s your responsibility to pay the difference.
That’s where GAP Insurance steps in.
It covers the shortfall between your insurer’s payout and what you still owe, saving you from a costly surprise.
Example:
You owe £20,000 on your lease.
Your insurer values your car at £14,000.
Without GAP Insurance? You’re £6,000 out of pocket.
With GAP Insurance? You're fully covered.
We’ve partnered with DirectGap to offer reliable, affordable GAP Insurance for your lease. Want to learn more? Just hit play on the video below.
Getting Your GAP Insurance Quote is Fast and Easy!
We’ve made it simple for you to get a personalised GAP Insurance quote in just a few minutes. All you’ll need are two quick pieces of information:
-
P11D value of your lease car (You can find this on the vehicle offer page)
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Your lease term length (The length of time remaining on your lease)
Once you’ve got these details ready, click the button below and we’ll take care of the rest. It’s that simple! You'll receive your tailored quote in no time, so you can move forward with the peace of mind knowing you're protected.
A GAP Insurance policy with DirectGap covers a variety of scenarios:
- Motor Policy Excess: Your motor policy excess is covered up to £250 for a total loss claim.
- Theft Of Vehicle with Keys: If your keys are taken from your home or office and your car stolen, you will be covered. You must still exercise due diligence (take steps to safeguard your keys and vehicle) as you will not be covered for wilful negligence – e.g. leaving the keys in the vehicle while you go to pay for fuel and getting the car stolen.
- If You’re at Fault: If you get into an accident that was caused by yourself, GAP Insurance will still cover you. It will not cover you if you were under the influence of alcohol or drugs or involved in any illegal activity.
- All Drivers On Your Insurance Policy: If you have multiple drivers on your motor insurance policy and any one of them gets into a total loss accident, your GAP Insurance Policy will still be valid.
Most Asked Questions
GAP (Guaranteed Asset Protection) Insurance covers the difference between what your motor insurer pays out if your leased or financed vehicle is written off or stolen, and the amount you still owe on your lease or finance agreement. This ensures you're not left out of pocket.
Yes, even with comprehensive insurance, your payout is based on your vehicle’s current market value, which can be significantly less than what you owe. GAP Insurance bridges that gap.
Not at all. GAP Insurance can be taken out on new or used leased and financed vehicles, as long as they meet the insurer’s criteria (usually under a certain age and mileage).
Policies typically range from 1 to 5 years, depending on your lease or finance term. We’ll help you choose the right cover to match your agreement.
GAP Insurance must usually be purchased within a set time frame from when you take delivery of your vehicle — often within 90 days. We recommend arranging it early to ensure full protection.