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Lexus GAP Insurance

If you are looking to protect your latest investment, Lexus GAP Insurance has you covered!

Lexus originally emerged as a result of Toyota’s attempts to develop the finest luxury car in the world. At least that was head honcho Eiji Toyoda’s stated aim. After years of research and development, involving 60 designers, 24 engineering teams, 1,400 engineers, 2,300 technicians, 220 support workers, approximately 450 prototypes and more than $1 billion in costs, the Lexus LS 400 was launched in 1989. It showcased all the qualities Lexus has since become synonymous with – refinement, luxury and sleek, quietly glamourous looks. Lexus immediately gave established luxury brands like Mercedes, BMW and Jaguar a run for their money. 

Lexus has stayed true to its original aspirations ever since and continues to compete with big European executive car manufacturers to deliver the last word in refinement and luxury. One area in which Lexus routinely trumps its European rivals is build quality and dependability – the Japanese brand regularly tops the table in reliability surveys.


Why do I need Lexus GAP insurance?

Our Lexus GAP Insurance is designed to offer a level of protection that goes beyond your standard policy. If you cherish your Lexus, it's essential to assess the constraints of your insurance policy. What amount will your insurer provide in the event of a write-off or theft of your Lexus?

More often than not, standard insurance policies pay the current market value of a car rather than the original purchase price. So, in the worst-case scenario you may find you have to find a significant sum of money on top of your insurance payout just to replace your car with a new model.

New cars typically depreciate in value very rapidly. In fact, your car’s value usually starts to plummet the moment you drive it off the showroom forecourt. After three years the value of a new car will typically have depreciated by 60%, meaning a £40,000 Lexus NX could be worth £14,000 three years after purchase.

Now let’s imagine that three-year-old NX is written off (or stolen). It’s likely that the insurance claim would be based on current market value, which would leave you £26,000 short of the sum required to buy a like-for-like replacement.


What do I get with MotorEasy?

MotorEasy Lexus GAP Insurance takes care of this shortfall. It’s designed to cover the difference between the amount your standard insurance policy pays out and the figure you’d need to buy a new like-for-like replacement, giving you complete peace of mind.

GAP cover grants you the assurance that you’re fully covered, even if your Lexus is a write off. 

The case for GAP cover is even stronger if you’re paying for your car with a leasing arrangement or PCP financing, which could leave you exposed to considerable debt in the event of a write-off.   

Available for all cars up to 8 years old (or with up to 70,000 miles on the clock), MotorEasy GAP Insurance represents a smart, easy and affordable way to remove these risks and enjoy your Lexus.

We know how important your Lexus is, so we have put together a list of the additional benefits you can expect with MotorEasy:

  • Access to a FREE MotorEasy account, granting you access to all your car's details, essential documents, timely reminders, and exclusive motoring deals.
  • We'll cover up to £1000 in motor insurance excesses.
  • Optional extras and accessories? Covered, as long as they're factory or dealer fitted.
  • Planning a European road trip? We've got you covered.
  • Plus, enjoy savings on MotorEasy maintenance and repairs.


Car Theft

GAP insurance comes into its own in the event of a write-off when, all too often, motorists find that their payout is significantly short of the sum needed to buy a like-for-like replacement. It makes sense to top-up your cover and ensure you’re fully protected. But how likely is a write-off? Is GAP insurance really necessary?

In fact, write-offs are more common than many imagine - over half a million cars are written off every year. Typically, write-offs are the result of accidental damage but MotorEasy GAP insurance also covers you against car theft, which accounts for a large number of write-offs every year. In fact, statistics show that car theft is on the rise.

112,174 motor vehicles were stolen in the UK in 2017/18, that’s the equivalent of 307 every day. Sadly, that figure also represents a significant increase on previous years and the continuation of a 50% jump in car theft over the last five years. Statistics show that car theft is on the up, so it makes sense to ensure you’re properly protected.


Getting your Lexus GAP Insurance quote

Getting your MotorEasy Lexus GAP Insurance quote is quick and easy. Our GAP Insurance page gives you all the information you need and access to a quick and easy tool that gives you a MotorEasy GAP Insurance quote in a matter of seconds.