IMPORTANT INFORMATION: Coronavirus (COVID-19) Help & Support Updated on 22nd May 2020
Coronavirus (COVID-19) Help & Support
Updated on 22nd May 2020

What is GAP insurance for lease cars?

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If you drive a lease car, you could benefit from having GAP insurance. If the car you've leased is stolen or written off, GAP insurance could cover the outstanding amount you owe on your contract, meaning you’ll face less of a financial fallout.

Here, we tell you everything you need to know about GAP insurance for lease cars, including how it works and who it might be best suited for. If you’re wondering whether it’s the right option for you, read on to find out more.

Do lease cars need GAP insurance?

In some circumstances, having GAP insurance on a personal lease car is beneficial for helping you pay off your contract in the event that your car is written off or stolen. Without it, you may still need to pay for your vehicle according to the lease agreement, even though you can no longer drive it.

Your car insurance typically covers the value of the car at the time of your claim, but it won’t take its depreciation into account. Because the price of your lease is based on the value of your car when you first take out a contract, you could face a shortfall – which is where GAP insurance can come in handy, helping to cover the difference.

Depending on your arrangement, you may already be covered – check if your lease already includes GAP insurance, or if your car insurance already covers you in case of these situations. For more information on whether you need GAP insurance, check out our guide.

What could GAP insurance cover on a lease?

GAP insurance for lease vehicles is designed to lessen the financial fallout if your vehicle is stolen or written off. Some of the things that it could cover include:

  • The rest of the payments on your lease
  • Any early cancellation fees you incur
  • Some of your car insurance excess

With coverage for the above, you might be able to afford another lease contract on a new car.

What are the benefits of having GAP insurance?

There are a range of advantages to getting GAP insurance for your lease vehicle with One Call, such as:

  • You don’t have to pay out an excess
  • We cover factory-fitted options, to help you get the spec you first hired
  • We cover £500 towards your car insurance excess
  • If your policy lasts a long period of time, you could unlock discounts on it

How to make a claim on your GAP insurance with One Call

If you choose GAP insurance with One Call and find that you need to make a claim, just follow this step-by-step process:

  1. Contact your car insurance provider to find out what insurance settlement they would offer you.
  2. Gather all the relevant information you need for your claim, as this will speed up the process. Check the terms and conditions of your GAP insurance to see if there are any time limits for submitting a claim.
  3. If you need to make a claim, please call us on 0333 043 1328 quoting "Combined Gap Insurance" or alternatively you can email

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