Gap insurance Vehicle replacement Gap review

Rather than helping reach the amount you paid for the car, vehicle replacement Gap bridges the amount between what you get form your car insurer and the cost of a brand new vehicle.

For example, if you bought a Honda Jazz for £15,095, but a year later had an accident and only received £10,000 from your car insurer AND the car had gone up in price to £20,000, your vehicle replacement Gap insurance would cover the difference, minus your excess.

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

Vehicle replacement Gap insurance review

The table below shows the cost of vehicle replacement 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 vehicle replacement Gap insurance cost?
 Ford Fiesta Studio £8,745Honda Jazz  £15,095Audi Q3 TDI  £33,650

Amount towards your


Max level cover

Cover available for


Max age of vehicle (years)Max value of vehicleCovers finance on cara
THIRD PARTY INSURERS£108£153£207£250£50,0001 to 510£125,000Yes£102£150£153£250£50,0001 to 510£125,000Yes£171£192£334£0£25,0001 to 33 months£50,000No£99£149£189£250ulb1 to 510£75,000Yes£84£108£147£250£25,0001 to 58£75,000cYes£97£110£137£250£100,0001 to 510£150,000Yes£84£108£147£250£25,0001 to 510£75,000Yes£105£122£138d£250£20,0001 to 330 days£50,000No£84£108£147£250£50,0001 to 58£150,000eYes£69£92£147£250ulf2 to 58£75,000Yes£166£169£169£500£25,0001 to 37£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 Up to car's initial value, where cost is below £50,000. £30,000 otherwise.

c By phone, cover available for vehicles up to £240,000 and maximum claims limit up to £50,000

d Based on a claim limit of £15,000

e Cover for more expensive cars can be arranged by phone

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

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