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About Gap Insurance

A new car in the family is generally a time of great excitement and positivity however, it’s also the time you need to consider covering the risks associated with car ownership. And, while we’re all familiar with taking out insurance to cover accident and theft events, too often the impact of vehicle depreciation, or the added costs associated with settling a finance agreement early are not considered, leaving us vulnerable and at risk of severe financial pressure should the worst happen.

Consider for a moment what will happen in the unfortunate event your car is written off or stolen.  Your motor insurer will settle your claim at the market value of your vehicle at the time of loss. This doesn’t take into consideration the impact of your vehicle’s depreciation, which could be as much as 60% over the first 3 years.  Or even worse, the added costs such as interest and penalties for settling a finance agreement early.

This can leave you with a gap of many thousands of pounds, and wondering how you’ll ever manage to pay off the shortfall… and on top of all that, afford to pay for a replacement.

Just check out the illustrative example below that best matches your particular circumstances to see what the probable impact might be.

Is Gap Insurance worth it?

Market value at loss,
covered by your
motor insurer

Possible shortfall amount,
for your account

If you paid £16,500 cash for your car and a year or so later it’s declared a total loss, after your motor insurance pay-out you could have a shortfall of as much as £5,300. If you have Gap Insurance, this shortfall would be covered in total up to an amount of £50,000, subject to the policy terms, plus up to £1,500 for dealer-fitted accessories and £250 towards your motor insurance excess.

What will my Gap Insurance cover?

When you take out Click4Gap Gap Insurance, you can feel secure in the knowledge that you won’t be left out of pocket should the worst ever happen.

Our range of gap cover products offer solutions for you, no matter how you purchased your vehicle, lease it, or took out a contract hire agreement.

Taking out the added protection of Gap Insurance means that you’ll be covered for the difference between the market value your insurer will pay out, and the shortfall you’re expected to cover yourself, subject to the policy terms. Added to this, you can expect the claim to be paid out directly to you within a matter of days.

You’ll be comfortable knowing your Gap Insurance will guarantee you:

  • Cover for your motor insurance shortfall
  • 30-day, no risk, money-back guarantee
  • Up to £250 towards motor insurance excess
  • Up to £1,500 in dealer-fitted accessories
  • Cover for any named driver at no extra cost
  • Cover if your vehicle is stolen with the keys

The policy documents below will provide you with full details, please ensure you read them carefully:

Combined RTI Gap Insurance Policy Wording

Combined RTI Gap Insurance Product Information Document

Lease/Contract Hire Gap Insurance Policy Wording

Lease/Contract Hire Gap Insurance Product Information Document

If you’d like a copy of your existing policy wording, please email us at or call us weekdays on 0208 8193424, during office hours.

How will my Gap Insurance work if my car is stolen?

Your Gap Insurance cover is designed to protect you if the unthinkable happens and your car is stolen. While no one ever wants this to happen, it’s important to think about how you’ll manage the impact if it does.

Your Gap Insurance will cover you for the shortfall between what your motor insurer pays out, and the amount you’re expected to pay yourself, subject to the policy terms, leaving you thankfully free of this debt and able to look for a suitable replacement.

What is car depreciation?

There are several factors that determine a car’s depreciation. These are generally linked to the use of the vehicle over the time since you bought it, and takes into account things like mileage, wear and tear, and body condition. Age and use increases the chance of dents and scratches, as well as mechanical failure, which all lower the value. In addition, things like newer models entering the market that offer more up-to-date technology and features will also impact a car’s depreciation.

Depreciation, simply put, is the difference between what you paid for your car when you bought it, and what it’s considered to be worth today if you were to sell it. So, it’s really all about what the market value is at any given time.

You’ll find more information here.

How much could my car depreciate?

The average vehicle typically depreciates at a rate of around 20% per year from new. This means that at 3 years of age, your car could be worth only 40% of its original value.

This becomes really significant when your motor insurer determines the amount they will pay you in the event your car is declared a total loss. Without Gap Insurance, you’ll be expected to cover any shortfall yourself between the market value, which is what you motor insurer will pay, and the amount you still owe on your car.

You’ll find link to a car depreciation calculator here.

Is Gap Insurance only for new cars?

No, you can take out Gap Insurance on any car up to the age of 7 years at the inception date of the policy. While the shortfall may be somewhat less significant as your car gets older, it will nevertheless be for you to cover. And who wants to still have to pay for a car that you no longer have… never mind the impact on your ability to replace your car with another one?

Can I still buy Gap Insurance if I leased my car?

Yes, our Lease/Contract Hire Gap Insurance cover is specifically designed with this in mind. And, what with the additional costs that you’ll face if your car’s a total loss, like interest and early settlement charges, you’ll be happy you took out Gap Insurance to cover it and leave you free of this debt and able to move on with your life.

Here’s some more information on our Lease/Contract Hire Gap cover.

Should I still consider Gap Insurance if I paid cash for my car?

If you bought your car for cash, you’ll still have lost the capital you put into your car when it’s a total loss and you need to replace it. That’s hard-earned cash that you’re sure not to want to lose. Gap Insurance will give you the comfort of covering this to make sure you won’t be left out of pocket… and free to get on with you life.

Here’s some more information on our Combined RTI Gap cover

Do I still need Gap Insurance if I have motor insurance?

Your motor insurer will pay-out the market value of your vehicle at the time of loss, but this won’t cover you for depreciation, or for the added cost of a lease or contract hire early settlement, possibly leaving you with a substantial shortfall as a result. Your Gap Insurance will cover this amount, and is paid directly to you. This is a financial decision you may well want to consider.

How can I get Gap Insurance for my car?

If you want to take out Gap Insurance it’s a very simple process that will take just moments. Please follow the link below to get a quote, and if you’re happy that it’ll protect you in the event of a total loss, just click buy and you’ll be covered the moment your payment is received.

How can I pay for my Gap Insurance cover?

We provide two ways to pay for your cover:

  • You can make one, single payment through your credit or debit card, and enjoy cover that will start immediately after your payment is received.
  • You can choose to pay with our convenient monthly payment plan. This means you’ll pay a 20% deposit in month one followed by nine, equal monthly payments for the balance. This is not a credit agreement, requires no credit checks, and your cover will start as soon as your deposit payment is received.

When should I take out Gap cover?

You can get Gap Insurance from Click4Gap up to 90 days after you buy your car, and there’s no age or mileage limit, after your policy start date.

What if I decide I no longer want my Gap cover?

In the event you decide this cover isn’t for you, you can cancel with a full premium refund during the first 30 days, as long as you haven’t made a claim, or don’t intend making one.

If you decide to cancel after the 30 days, you will be eligible for a pro rata refund, under the same conditions, less an administration fee of £35.

How do I claim on my Gap Insurance policy?

Our specialist claims managers, AutoProtect (MBI) Ltd., have been appointed to provide you with an efficient and effective claims experience.

To register your claim, please follow the process that works best for you:


  • Download the AutoProtect App on your smartphone by searching “AutoProtect GAP”.


  • Text the word APAPP to 88802 and you’ll receive a download link via SMS (texts are charged at your standard network rate).

For more information, please click here.

Get your Gap Insurance quote TODAY!

There’s absolutely no cost or obligation on your part when you get a quote from Click4Gap, and it’ll take you just moments. Simply click here to get started.

If you’d prefer to talk to someone in person, our friendly Customer Service team are waiting for your call. Just dial us on 0208 819 3424 weekdays, during office hours