What is return to invoice gap insurance?
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 received only £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 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 insurance will cover your outstanding payments for your car if you bought it on finance
The premiums quoted are for a brand new car, for three years of cover. All quotes were updated in October 2017.
|How much does return to invoice Gap insurance cost?|
|COST OF GAP INSURANCE FOR 3 YEARS||COVER DETAILS|
|Fiat Punto |
|Honda Jazz |
|Audi Q3 TDI |
|Amount towards your insurance excess||Maximum level cover||Cover available for |
|Maximum age of vehicle |
|Maximum value of vehicle||Covers finance on cara|
|THIRD PARTY INSURERS|
|www.ala.co.uk||£100||£116||£163||£250||£50,000||1 to 5||10||£250,000||Yes|
|www.car2cover.co.uk||£105||£119||£175||£250||No limitb||1 to 5||10||£125,000||Yes|
|www.click4gap.co.uk||£106||£123||£159||£0||£25,000||1 to 4||7||£50,000||Yes|
|www.directgap.co.uk||£99||£119||£169||£250||No limitc||1 to 5||ns||£75,000||Yes|
|www.gapinsurance.co.uk||£103.61||£103.61||£155.30||£250||£100,000||1 to 5||10||£150,000||Yes|
|www.insureandgo.com||£124.99f||£124.99f||£124.99f||£250||£10,000||1 to 3||ns||£50,000||nsg|
|www.autoebid.com||£74.14h||£83.74i||£107.04j||£250||£25,000||1 to 3||8||£80,000||Yes|
|www.shortfall.co.uk||£85.79||£92.49||£153.17||£750||£50,000||1 to 4||nak||£150,000e||Yes|
|www.Totallossgap.co.uk l||£89.99||£99.99||£156.42||£250||ns||2 to 5||8||£150,000||Yes|
|WarrantyDirect.co.uk||£151.38||£151.38||£151.38||£500||£50,000||1 to 4||10||£125,000||Yesm|
A claims limit of £7,500 has been applied to all policies unless stated
a Outstanding finance payments for the current car - not negative equity from finance on a previous car.
b No claim limits for vehicles costing up to £75,000, wide choice of claim limits available for vehicles costing £75,001 – £125,000.
c No claim limits for vehicles costing up to £50,000, claim limit of £30,000 for vehicles with an invoice price over this amount.
d For vehicles with an invoice price of more than £75,000 easygap have access to policies up to £150,000 and claim limits up to £50,000.
e Cover for more expensive cars can be arranged by phone
f Price for "Car Gap Insurance - Platinum Package" - Bronze, Silver and Gold Packages also available
g No specific exclusion, "Would be considered as part of a claim"
h Only available with a £5,000 claim limit
i Only available with a £10,000 claim limit
j Only available with a £15,000 claim limit
k Vehicle must have driven less than 80,000 miles
l Only offers "Total Loss Gap Insurance"
m Will cover PCP and Hire Purchase, does not cover Lease Purchase