Gap insurance Return to invoice Gap review

Return to invoice Gap insurance tops up the payout you receive from your car insurer to the amount you paid for the vehicle.

For example, if you bought a Ford Fiesta Studio for £8,745, but a year later had an accident and only received £5,000 from your car insurer, your return to invoice Gap insurance policy would pay the difference, minus your excess.

Many providers also offer finance Gap insurance - which covers any loans you took out to pay for the car - as part of this product. 

Return to invoice Gap insurance review

The table below shows the cost of return to invoice Gap insurance for three different cars bought brand new, and the features of the different third party gap insurance policies. These include:

  • Excess - how much your Gap insurance policy will pay towards your car insurance excess
  • Maximum level of cover - how much cover you can take out
  • Cover availability - how long you can take out the gap insurance for
  • Age of vehicle - the age limit of the vehicle that each gap insurer will cover
  • Maximum value of vehicle that each gap insurer will cover
  • Finance - whether the Gap will cover your outstanding payments for your car if it was purchased on finance

The premiums quoted are for a brand new car, for three years of cover. All quotes were updated in February 2016.

How much does return-to-invoice Gap insurance cost?
 COST OF GAP INSURANCE FOR 3 YEARSCOVER DETAILS
 

Ford Fiesta Studio

£8,745

Honda

Jazz

£15,095

Audi Q3 TDI   £33,650Amount towards your excess

Max

level cover

Cover available for (years)Max age of vehicle (years)

Max

value of vehicle

Covers finance

on cara

THIRD-PARTY INSURERS
ala.co.uk£82£120£181£250£50,0001 to 510£250,000Yes
car2cover.co.uk£93£114£122£250£50,0001 to 510£125,000Yes
click4gap.co.uk£109£129£252£0£25,0001 to 47£50,000No
directgap.co.uk£83£114£169£250ulb1 to 510£75,000Yes
easygap.co.uk£63£84£118£250£25,0001 to 58£75,000cYes
gapinsurance.co.uk£66£89£108£250£100,0001 to 510£150,000Yes
gapinsurance123.co.uk£63£84£118£250£25,0001 to 510£75,000Yes
insureandgo.com£121£121£145£250£5,000- £15,000d1 to 3n/a£50,000No
motorpocket.com£61£77£94e£250£25,0001 to 38£80,000Yes
shortfall.co.uk£64£84£115£250£50,0001 to 58£150,000fYes
Totallossgap.co.uk£69£92£147£250ulg2 to 58£75,000Yes
WarrantyDirect.co.uk£135£161£161£500£250,0001 to 38£50,000No

Click here for the full results table

Table notes

a Outstanding finance payments for the current car - not negative equity from finance on a previous car

b No limit (up to car's initial invoice price) where car is £50,000. £30,000 otherwise

c By phone, cover can be available for up to £50,000, and for vehicles up to £240,000

d Depends on the value of the car

e Based on a claim limit of £15,000

f Cover for more expensive cars can be arranged by phone

h Product pays out the higher of the original invoice cost or vehicle replacement cost

 

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