Quote & Buy Online GAP Insurance

Specialist GAP Insurance for Taxi, Car or Van with a wide variety of cover options available.

   Get a free Online Quote in minutes

   Specialist, A-Rated insurer

  UK Customer Service Centre

  Cover for vehicle’s up to £150,000

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What is New Car Gap Insurance?

In the event that your vehicle is written off (damaged beyond economic repair) by your insurance company, there could be a ‘Gap’ between the market value at the time and the amount owed on the car. vehicle gap covers the monetary difference between the amount paid by the insurer in the event of a total loss and the amount owed on the finance settlement.

New car Gap Insurance is a product that is designed to protect you against financial loss if your vehicle is declared a total loss by your insurer following an accident, fire or theft.

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Riviera Insurance
Based on 174 reviews
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Dazzler DjDazzler Dj
09:52 24 Jan 22
Amazing service - I Had a email about renewal - sent a reply and no more than 5 mins later received a phone call - I’m so impressed - it’s nice for a company to value your business - Sarah was very friendly extremely helpful and very professional - I would certainly recommend this company. - Dave Catmore
Jasper WybrantsJasper Wybrants
09:39 24 Jan 22
Tom was really responsive and came back with a really competitive quote really quick. Will use them again as the whole process was painless.
We’ve been with Riviera Insurance for over 5 years! They are professional, friendly and care about their customers. I highly recommend them.
Claudia ApostolClaudia Apostol
15:19 21 Dec 21
Really nice team, I was insured for the last 3 years by this insurance company.Keep the good work!

How GAP Insurance works

GAP Insurance Vector2

New car Gap Insurance UK pays the difference between your car’s value and its current market value if it’s stolen or written off.

How Gap Insurance Coverage Works

New car GAP insurance works alongside your normal motor insurance policy by topping up the payout amount in the event your car is written off.

When you buy a brand new or nearly new vehicle, its value decreases quickly once you start driving it. If you then need to claim, often the settlement figure you are offered would be lower than the amount you have paid for the vehicle, the value of a lease agreement, or the outstanding balance of any finance agreement.

Leaving you with a shortfall to pay – the vehicle GAP policy is designed to insure the sum between the two figures.

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What is GAP Insurance?

GAP insurance (or the official term, Guaranteed Asset Protection) is an insurance policy that protects you when you make an insurance claim but you receive a payout that’s less than the cost/ value of the car when you bought it. To put it simply, it will pay you the difference so you don’t lose money.

It is often associated with brand new cars, but GAP cover can also be taken out on used models too.

Cars depreciate very quickly and by a substantial amount. Up to 77% of the value of a brand-new vehicle can vanish over a 3-year period! Some used cars can even depreciate by 20% in the first 6 months! GAP Insurance attempts to provide some much needed peace of mind that you will ‘get back what you put in’ with your car in the unfortunate event of an accident.

What’s Included With Gap Insurance Coverage?

  The difference between the amount your motor insurer pays you and the amount you originally paid for the vehicle (or the balance owed under a finance agreement, if this greater)
 a hire vehicle (of a similar size to your insured vehicle) for up to 28 days while you are awaiting settlement of your claim.  

What isn’t covered by Gap Insurance?

 Kit cars, invalid carriages, commercial vehicles in excess of 3,500kg gross vehicle weight 
  American, Australian or Canadian vehicles not built for the UK market
 Competitions or rallies, track days, racing, pace making, speed testing, reliability trials or off-road use
  Carriage of goods solely for delivery or courier purposes (unless specifically agreed by us)
 Driving tuition (unless specifically agreed by us) 
 Short-term self-drive hire 

Are there any Gap Insurance restrictions?

  The net invoice selling price must not exceed £150,000
 The incident leading to the total loss must occur within the territorial limits and during the period of insurance 

  The maximum the insurer will pay for any one claim will not exceed the amount shown in your policy schedule
 If you sell your vehicle and have not made a claim under this insurance, you may transfer the remaining cover to the new vehicle, subject to our agreement. Where the purchase price of the replacement vehicle is greater than the purchase price of the original vehicle, an additional premium may be required. Cover will not include any re-financing 

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