GAP Insurance for Premium & Performance Vehicles

Don't Risk Being Out of Pocket

Imagine this: you've just financed a £60,000 Porsche 911. Six months later, it's written off in an accident that wasn't your fault. Your comprehensive insurance pays out the current market value of £48,000. But you still owe £56,000 on your finance agreement.

In this scenario, it means you're now £8,000 out of pocket, with no car and a debt to clear. This is exactly what GAP Insurance (Guaranteed Asset Protection) prevents. It's the safety net that ensures you're never left in financial difficulty if your vehicle is stolen or declared a total loss.

What is GAP Insurance?

GAP Insurance bridges the financial gap between what your motor insurer pays out (the current market value) and either the amount you originally paid for the vehicle or the outstanding finance balance - whichever is higher.

Standard motor insurance only covers the current market value. So, when your insurer settles a total loss claim, they pay what the car is worth on the day of the loss, not what you paid for it or what you still owe.

GAP Insurance covers the difference, ensuring you're returned to your original financial position.

Why Premium Vehicles Need GAP Insurance

Luxury and performance cars depreciate significantly in their early years, often faster than mass-market vehicles. For example, a £100,000 supercar can lose £20,000 to £35,000 in value during the first 12 months alone. For financed vehicles or cash purchases, this creates a dangerous gap.  

Who Needs GAP Insurance?

You should strongly consider GAP Insurance if you:

1. Are financing a vehicle with less than 30% deposit  
2. Are buying a vehicle less than 3 years old  
3. Are purchasing a luxury or performance vehicle prone to rapid early depreciation  
4. Have negative equity from a previous vehicle rolled into your new finance  
5. Want to protect a substantial cash investment  
6. Are leasing or financing a car with a high outstanding balance  
7. Cannot afford to absorb a £10,000 to £30,000 loss if your car is written off

Don't Risk the Gap - Protect Your Investment Today

When you're investing £50,000, £100,000, or more in a premium or performance vehicle, GAP Insurance is essential financial protection. For a fraction of your purchase price, you eliminate the risk of being tens of thousands of pounds out of pocket if the worst happens.

Get Your GAP Insurance Quotation

Protect your investment with comprehensive GAP Insurance through Farlan Automotive. Our team can provide detailed quotations and explain exactly what coverage you need based on your vehicle and purchase method.

Important Information

GAP Insurance is provided by specialist insurers and is subject to terms and conditions. Full policy documentation will be provided at the point of sale. GAP Insurance is not a substitute for comprehensive motor insurance, and both must be in place for coverage. Terms and exclusions apply.

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GAP Insurance FAQs

When should I buy GAP Insurance?

Ideally, when purchasing your vehicle, or within the first few months. Most policies can't be purchased after 180 days or 3,000 miles.

How long does GAP Insurance last?

Typically, 3 to 4 years from purchase (depending on your policy). This covers the steepest depreciation period and most of a typical finance agreement.

Can I get a refund if I sell the vehicle early?

Yes, most GAP policies allow pro-rata refunds if you sell or trade in the vehicle before the policy expires.

What if I modify the vehicle?

Modifications should be declared to both your motor insurer and GAP insurer. Some performance modifications may affect coverage or premium, so we recommend you always speak to your provider first.

Is GAP Insurance worth it for older vehicles?

GAP Insurance is most valuable for vehicles under 3 to 5 years old, where depreciation is steepest. Older vehicles with minimal depreciation may not benefit.