How to Get GAP Insurance in 5 Simple Steps

Find out how to get GAP Insurance in five easy steps, from entering your car’s registration to receiving a personalised quote. We highlight the importance of protecting against depreciation, finance shortfalls, and leasing costs while showcasing why Best4GAP is the trusted choice for UK drivers.

7 Jan 2025

If your car is written off or stolen, the last thing you want to worry about is financial loss. GAP Insurance protects you from that worry by covering the difference between your car insurance payout and what you originally paid for your vehicle—or what you still owe. But how do you get GAP Insurance? Here’s a simple guide to help you secure the right policy in just five easy steps.

Step 1: Enter Your Vehicle Registration Number

Start by entering your car's registration number. This allows the system to identify your car’s make, model, and current market value—critical details for an accurate GAP Insurance quote.

Step 2: Provide the Purchase Price of Your Vehicle

Share the amount you paid when you bought the vehicle. This step ensures the insurance provider calculates the potential “gap” between your car's value at purchase and its depreciation.

Step 3: Indicate Who or Where You Purchased Your Vehicle From

Let us know if you bought the car from a dealership, a private seller, or through a leasing company. Different policies may be better suited to different purchase scenarios.

Step 4: Select Your Funding Method

Tell us whether you paid outright, financed the purchase through a loan, or leased your car. GAP Insurance is especially helpful for those financing or leasing vehicles, as it covers outstanding payments.

Step 5: Confirm How Long You’ve Owned Your Vehicle

Many GAP Insurance providers require you to purchase a policy within a specific timeframe after acquiring the vehicle, often within the first 12 months. This step ensures eligibility and determines the coverage period.

What Happens Next?

After completing these steps, you’ll receive a personalised quote instantly. You can then choose how to pay:

Pay in Full: Make a one-time payment for your policy.
Pay Monthly: Spread the cost over manageable instalments.

With your policy set up, you’re now protected from potential financial gaps caused by vehicle depreciation or outstanding payments.

Why GAP Insurance is Essential

GAP Insurance is a financial safety net, especially for those with financed or leased vehicles. It protects you from significant losses in cases like:

Vehicle Depreciation: New cars can lose up to 60% of their value within three years.
Outstanding Finance: Cover the balance owed if your car is written off before your loan is fully paid.
Leasing Agreements: Protect yourself from hefty termination fees in case of a total loss.

Example: Imagine buying a car for £20,000. Three years later, it’s written off, and your insurer only pays £12,000. GAP Insurance would cover the £8,000 difference, saving you from financial stress.