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Gap Insurance
Do you want to buy Gap Insurance?

Do you need assistance to understand how Gap cover could work for you? Are looking for the best Gap Insurance quote?
It's as easy as 1-2-3! Click for a quote or call on 0800 195 4926 today!
UK Based Claims & Customer Service

UK Based Claims & Customer Service

Underwritten by an

Underwritten by an "A" Rated Insurer

Protected by theFSCS

Protected by the
FSCS

Upto 75% cheaper than competitors

Upto 75% cheaper than competitors

Based on 10,911 Genuine Testimonials

Based on 10,911 Genuine Testimonials

What is the Price paid for the vehicle?

If you are looking for a Gap Insurance quote on GapInsurance123, you will be guided through a simple questionnaire, asking you about various aspects of your vehicle and its purchase. Many online brokers do not employ a system like this, but we believe we should eliminate areas of cover that are not applicable to you.

Once you have answered all the questions, you will be forwarded to a quote generator, at which time you will be asked for three requirements to build your quote:

1 - Price of Vehicle

2- Length of Cover

3- Claim Limit

The length of the cover is simply how long you want your Gap Insurance cover to last, and the 'claim limit' we have dealt with in depth, in helping you decide your Gap Insurance Claim Limit.

However, what price for the vehicle do you put in?

Price of Vehicle

If you are looking for Finance Gap Insurance, Return to Invoice or Vehicle Replacement Insurance. the correct figure to place in here is the actual cash price of the goods, before any part exchange or deposit, but after any dealer, or manufacturer, discount has been taken away.

Let's look at an example to illustrate the point:

You buy a Vauxhall Corsa for £12,000

The original price was £14,000 but the dealer has given you a discount of £2,000.

You have put a further cash deposit of £1,500 and part exchanged a vehicle for a further £2,500.

This leaves you a balance on the finance of £8,000.

The finance agreement states your 'total amount payable' is £14,800.

So you have lots of different figures, but to generate a quote you need to know:

What should the 'Price of Vehicle' be for the quote?

In fact, it is the very first line of information we have, the cash price for the vehicle, in this case, £12,000.

The importance of the vehicle price is that is forms one of the factors that actually generate your premium price. Remember, the vehicles are not 'insurance rated' like your motor insurance underwriter would do, more the financial value that you wish to cover. Clearly the purchase price and the amount the vehicle is likely to lose in value are the important factors.

Vehicle Price and Agreed Value Gap Insurance

The value you need to enter for Agreed Value Gap Insurance is slightly different. As you have bought the vehicle outside the 180-day limit required for RTI or VRI Gap Insurance, the value is not set by the purchase price or replacement value of the vehicle.

Instead, with Agreed Value Gap Insurance the vehicle price is set by the Glass' Guide Retail Value on the day you buy the policy. If you have to make a claim, the insurers would simply get a value for the vehicle on the day of cover purchase, and this is the value you can protect back to.

As an added advantage to your GapInsurance123 Agreed Value Gap Insurance policy, we will cover back to 105% of the glass' Guide Retail Value, so on a £10,000 car in Glass' Guide, we will cover back to £10,500 (subject to you selecting a sufficient claim limit).

Simply take a look at the Glass' Guide website to get a valuation on your vehicle, and see what you can cover back to with Agreed Value Gap.
Absolutely amazing. Simple, straightforward and easy to get a quote. I wish I used this provider for my last car, I would have saved over £200.
5 out of 5
Mr Stephen Mackay
Excellent - good choice of cover - great price - clear English and documents sent straight to my email address. I tried 3 quote engines or at least what I thought were quote engines and was told I'd get a call back with the quote -- it never happened. Very pleased.
5 out of 5
Mrs Tracey Collen
After researching various different outlets I chose GAP Insurance 123 as it appears to give the best value for money, just hope I never have to claim on the cover I have taken out.
5 out of 5
Mr Frank Wilson
I was nervous about finding GAP insurance for my self but when the dealer I bought my used car from wanted over £350 for GAP I looked around and got cover from gapinsurance123 for less than half the price. Great website with explanations of what the different types of GAP cover helying you to decide which is the most suitable product for you.
5 out of 5
Mr Nicholas Joel Hancock
Very simple process, terms and conditions clear and easy to understand. Saved 60% of the premium Dealer was offering. Well Recommended
5 out of 5
Mr david shuttleworth
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