Most cars covered
New and used cars bought from dealerships and private sellers
Cars purchased on loans, PCPs, HP and more accepted
Save up to 75% on dealer GAP Insurance prices
Many motorists don’t consider the reality of a write-off to their vehicle. Even the finest insurers will only reimburse you for the current market value of your car. Meanwhile, the second you drive it off the forecourt a car’s value begins to depreciate.
A GAP Insurance policy tops up an insurance payout in the event of a write-off, providing you with the extra funds to purchase a replacement vehicle or to settle any outstanding finance.
Our GAP Insurance covers write-offs due to:
GAP Insurance for all situations:
New or used cars purchased within the last 6 months
RTI GAP Insurance covers the difference between your insurer’s payout and either the price you originally paid or the amount needed to settle your outstanding finance balance, whichever is the greater
New and used cars purchased more than 6 months ago from a private seller
RTV GAP Insurance covers the difference between your insurer’s payout, based on current value, and the original value, based on your GAP Insurance start date
New or used cars purchased on a lease or contract hire agreement
Covers up to 100% of any outstanding rental payments on a vehicle, as well as any shortfall in a Finance settlement
GAP Insurance or guaranteed asset protection covers you against financial loss if your vehicle has been declared a total loss or a write off by your car insurer.
If your car is involved in an accident, stolen or damaged by flood or fire, and considered a total loss, your insurer will only pay the market value for your vehicle at the time of the incident.
On average, a car loses around 60% of its value in the first three years, leaving you exposed to a shortfall of thousands of pounds on any remaining finance settlement charges or a substantial loss suffered from the vehicle value depreciation.
This can be avoided with Halfords | MotorEasy GAP Insurance, which bridges the GAP between the value your insurance company will give you for your vehicle and what you paid for it, or owe in finance, depending on the type of GAP Insurance you take out.
To find out more about GAP, read our comprehensive GAP Insurance guide
“Before I had the accident I couldn’t see the need for GAP Insurance, and something kept nagging me, so I took it out and I'm glad I did!”
Mr D Caller, Worthing
Where’s the GAP?
If you bought outright:
You are covered for the car’s value at the point of purchase. As your vehicle depreciates over time, the value of your GAP Insurance increases to cover you.
If you bought on finance:
Due to depreciation, your insurance payout will be less than you owe the finance company - leaving you to pay the difference. GAP Insurance will clear any finance you owe in full.
Other GAP Insurance benefits:
- Up to £250 insurance excesses covered
- Optional extras and accessories covered*
- European road trips for up to 30 days covered
- Savings on Halfords | MotorEasy maintenance and repairs
- A FREE Halfords | MotorEasy account for updates 24/7
*Where factory or dealer fitted
GAP Insurance Explained
“Depreciation means cars lose value very quickly, so if your car is written off or stolen, you can be out of pocket.
On average a car loses around 60% of its value in three years - the typical length of a car on finance.
So, if your new car costs £12,000 and three years later it was stolen or written off, you’d get just £4,800 from your insurer.
That’s not enough to buy the same car brand new and it’s unlikely to be enough to repay the remaining finance due to balloon payments and interest on PCP deals.
GAP Insurance covers the difference between what your insurer pays out and, depending on the type of policy, what you paid for the car or what you still owe on the car.”