Best4 GAP - GAP Insurance Providers
Tel 03300 944 444
Available Monday to Friday - 9am to 5pm
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Tel 03300 944 444
Available Monday to Friday - 9am to 5pm
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What is GAP Insurance?

As soon as you buy the car and drive it away from the dealership, it will start depreciating in value.

GAP Insurance stands for Guaranteed Asset Protection Insurance. If your car is stolen or written off, GAP Insurance covers the gap between how much you paid for your car and the amount your motor insurer is willing to pay out, based on your car's current market value.

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GAP Insurance Example

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You buy a car for £20,000.

This is the price you paid at purchase.

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3 years later, it’s stolen or written off.

Your car’s value has significantly depreciated.

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Your insurer pays £9,000.

This is based on the car’s current market value.

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We cover the £11,000 shortfall

Your GAP cover protects you from any financial loss.


Trusted

Join us knowing that we are regulated by the Financial Conduct Authority and protected by the Financial Services Compensation Scheme.
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Value

Benefit from one of the most comprehensive vehicle GAP insurance available from as little as £9.30 per month payable over twelve months.
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Combination GAP

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Get financially protected in case your vehicle is written off. While your motor insurance will only pay out the car’s current market value at the time of loss, Combined GAP Insurance bridges the gap by covering:

  • The difference between the insurance payout and the price you originally paid for the vehicle.
  • Any outstanding finance on your car loan.
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What Benefits Are Included?

No matter the cost, having GAP Insurance ensures you’re not left in financial difficulty if the worst happens.

  • We will pay up to £250 to cover the excess on your motor insurance policy
  • Up to £1,500 of dealer fitted accessories covered
  • Up to £300 of cover for vehicles modified for mobility
  • Unlimited mileage cover once policy has started
  • European cover
  • Business use cover (excluding vehicles used for multi-drop vans, chauffeuring, reward or by a driving school)
  • We will help you get the best settlement from your motor insurers
  • We will settle any outstanding vehicle finance*
How Much Does GAP Insurance Cost?

GAP Insurance provides invaluable peace of mind at an affordable cost. Several factors will influence your premium, including:

  • Invoice value of your vehicle
  • Age of your vehicle
  • Make and model of your car
  • How you financed the vehicle (e.g., cash or finance agreement)
  • The duration of your policy
  • Your chosen claim limit

No matter the cost, having GAP Insurance ensures you’re not left in financial difficulty if the worst happens.

Need a Hand? We're Here to Help.

Our team is here to support and guide you towards the best GAP policy for you.

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Frequently Asked Questions

What is GAP Insurance?

GAP (Guaranteed Asset Protection) Insurance covers the difference between the price you paid for your vehicle and the amount your motor insurer pays if the car is written off or stolen.

What types of vehicles are eligible?

Eligible vehicles must:

  • Be purchased within 90 days from a VAT-registered dealer.
  • Be less than 8 years old.
  • Have less than 80,000 miles at the time of policy purchase.
  • Be insured under a comprehensive motor insurance policy.
What is covered under GAP Insurance?

- The shortfall between the insurer's payout and either:

  1. The original purchase price of the vehicle, or
  2. The finance settlement amount, whichever is greater.

- Up to £250 towards your comprehensive insurance policy excess.

What is not covered?
  • Vehicles used for racing, rallies, or speed testing.
  • Vehicles used as taxis, courier vehicles, or for driving schools (unless agreed).
  • Any claims where the comprehensive motor insurance policy is invalid.
  • Incidents involving neglect, illegal activities, or intoxicated driving.
  • Vehicles purchased from private sellers or exceeding £100,000 in value.
Are there restrictions on cover?

- Coverage extends to the UK, Isle of Man, Channel Islands, and the EU for a maximum of 60 days per year.

- Modified or imported vehicles may not qualify unless agreed upon.

What should I do if my car is written off or stolen?
  1. Do not accept a settlement from your motor insurer without contacting us first.
  2. Report the incident to the police (if applicable).
  3. Call our claims line at 03300 944 444 or email [email protected] within 30 days of the incident.
  4. Provide required documentation, including your policy number, vehicle details, and comprehensive insurer's settlement offer.
Can I transfer my policy to a new vehicle?

Yes, provided:

  • The new vehicle meets the eligibility criteria.
  • No claims have been made under the current policy.
  • You notify us within 14 days of changing vehicles.

An additional premium may apply for higher-value vehicles.

How can I cancel my GAP Insurance?

You may cancel within 30 days for a full refund, provided no claims have been made.

After 30 days, you can cancel in writing and receive a pro-rata refund based on unused months.

Who underwrites this policy?

The insurance is provided by Financial & Legal Insurance Company Limited, authorised by the Prudential Regulation Authority.

How can I contact you?

Phone: 03300 944 444

Email: [email protected]

Address: Building 5, Archipelago Office Park, Lyon Way, Camberley, Surrey, GU16 7ER

Why do I need GAP Insurance?

If your car is written off due to theft or an accident, the payout from your motor insurer might not cover the full value you originally paid or the outstanding finance amount. GAP Insurance ensures you're not left with a financial shortfall.

How is the payout amount determined?

The payout is calculated as the difference between your motor insurer’s total loss settlement and either the original purchase price or the finance settlement figure, whichever is higher.

What do I need to know before buying GAP Insurance?

If your car is stolen or written off, GAP Insurance covers the gap between the price you paid for your car and the price your motor insurance company thinks your car is worth.

Make sure to purchase your new car from a VAT Registered Motor Vehicle Supplier. If you have purchased your car from a private seller, you will not be eligible for GAP Insurance.

We’ll need to know how you fund your vehicle: Hire purchase, PCP or Contract Purchase; Contract Hire or Finance Lease; or Cash Purchased, and if applicable, your duration of finance.

If you’ve owned your vehicle for under 90 days - fantastic, you are eligible to purchase GAP Insurance, ownership of 90 days or over, unfortunately you will not be able to purchase.

How GAP Insurance works:

  1. You buy a new car for £25,000
  2. You buy 3-year GAP insurance policy
  3. After 2 years car is damaged in a storm
  4. Your vehicle is declared a total loss and you are offered £17,500
  5. We cover the remaining £7,500 so you receive your full £25,000

What doesn’t GAP Insurance cover?

Don’t be disappointed, make sure you’re aware of GAP Insurance exclusion conditions:

Car Use

  • Your vehicle if it is used for track days, road racing, rallying, pace making, speed testing or any other competitive event or as a taxi for private hire or minicab use or for hire as a chauffeur or for driving school tuition or courier use.
  • Your vehicle if it is used for hire or rental purposes.
  • Your vehicle if it is insured under a motor trade motor insurance policy.
  • Your vehicle if it is a commercial vehicle in excess of 3.5 tonnes GVW.

Motor Insurance

  • Any claim where there is not a valid total loss claim accepted by your motor insurer.
  • Any vehicle not insured by a comprehensive motor insurance policy.
  • Any claim where you have declined an offer to repair your vehicle and asked for the claim to be dealt with as a total loss.
  • Any excess deducted from your motor insurance settlement above £250.

Driver’s Responsibility

  • Any vehicle purchased from a private seller.
  • Your vehicle has been modified other than according to the manufacturer’s specification.
  • Any recoverable VAT element where you are VAT registered.
03300 944 444
[email protected]
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Best4 is a trading name of Autoguard Warranties Limited. Best4 is fully regulated and authorised by the Financial Conduct Authority (FCA). Our FCA number is 500640.

© An Autoguard Group Company.