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What is GAP insurance?

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Guaranteed Asset Protection insurance, or GAP insurance, is used for covering the difference between your car insurance cover amount and what you initially paid for your vehicle. It could also help with your repayments if your car was on finance.

The moment you drive a new car off the forecourt, it drops in value and continues to lose value over time. This means that if your vehicle was written off or stolen, your insurer might pay out far less than you originally paid for it. GAP insurance can help to fill in the gap, lessening the financial burden in the unfortunate event of an accident.

What is GAP insurance on a car?

GAP insurance could be used alongside your car insurance pay-out to help to cover the cost of replacing your car.

Depending on the type of policy you choose, GAP insurance coverage could be used for lease cars, vehicles bought on finance, and those bought outright. Some GAP insurance policies could also help to clear outstanding debts added on to your finance payments.

Vehicle Replacement GAP insurance is one of the specific types of GAP insurance that could help you replace your car. It makes up the difference between the amount your car insurance pays out and the cost of buying a new vehicle.

Read on to learn about the different types of GAP insurance that are available.

What is GAP insurance used for?

You might find GAP insurance useful if your car is written off or stolen and you want to replace it with one that is of a similar price to what you paid for it. Many fully comprehensive car insurance policies could replace a new car within the first year, so be sure to check if your policy could help with this before taking out GAP insurance.

If your car is on finance or lease, then you might choose GAP insurance to cover your loan repayments. Doing so could help you avoid paying for a vehicle that you cannot drive anymore.

What kind of GAP insurance is best for me?

There are various types of GAP insurance that could suit different drivers’ needs. Here are some of the usual types and what they can be used for.

  • Finance GAP insurance: If you have a car on finance, this covers outstanding payments if it is written off.
  • Negative equity GAP insurance: This covers negative equity and could be useful if your finance payments are higher than the cost of your car, such as if you part-exchanged a previous vehicle before paying it off.
  • Return to invoice GAP insurance: This could be helpful to make up for the shortfall between the amount you paid for your car and your car insurance payout.
  • Vehicle replacement GAP insurance: If you want to replace your car with a new one, vehicle replacement GAP insurance could make up the difference between the cost of a new purchase and your car insurance payout.
  • Return to value GAP insurance: You might be interested in this option if you bought your car second hand, as it bridges the gap between your car insurance payout and the value of your car when it was first purchased.
  • Lease GAP insurance: If your car is on lease, this type could cover the remainder of your contract, as well as any cancellation fees you might need to pay.

How to make a GAP insurance claim with One Call

If you choose GAP insurance with One Call and need to claim, the process is straightforward. Just follow this step-by-step guide:

  1. Start by speaking to your car insurance provider about a potential settlement to see what they can offer you.
  2. Gather the information you need to make a claim on your GAP insurance. Also, check what your excess is and if there are any time limits for submitting your claim. This information will all be detailed in your terms and conditions.
  3. If you need to make a claim, please call us on 0333 043 1328 quoting "Combined Gap Insurance" or alternatively you can email

Once you have decided if GAP Insurance from One Call Insurance is right for you, visit our website for a quote.

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