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Guide to Gap Insurance

What is Gap Insurance?

That brand new car smell, nothing compares, does it? But imagine how terrible it would be if your new pride and joy was written off or stolen within the first few weeks or months of owning it? Fear not, there is a product on the market called GAP insurance (Guaranteed Asset Protection) that will cover the difference between the price you paid for your car brand new and what a car insurance policy would pay out. It would also cover the finance that you owe on your vehicle and its current market value in the event that it is written off.

In 2024, the Financial Conduct Authority reviewed the GAP insurance market which resulted in a much more flexible insurance product that can be tailored to your needs, with clear exclusions on what the policies do not cover. Make sure you check all the terms within a policy before you take it out to ensure you are getting cover that suits your needs.

How to compare gap insurance policies

  • Just a few simple questions

    Enter some details about yourself, what you want to insure and what you want from your policy

  • We do the hard work

    Our clever comparison tool will search the market for you to find the policy that suits you and your budget

  • No need for calendar reminders

    We will then be in touch to remind you that your policy is up for renewal and you can compare again

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FAQs

Why Protect Your Family?

The team behind Protect Your Family has drawn on decades of experience in the insurance industry to create a family-centric, multi- product insurance comparison service.

Our online comparison tools give you peace of mind that your insurance needs are taken care of, with a product and price that suits you and your family budget. As well as insurance, we also compare other products that protect you, including breakdown cover, mobile phones and broadband.

So, next time that insurance renewal email drops into your inbox or the letter lands on your doormat, don't ignore it – let us help Protect Your Family. Fill in our simple online quote form and compare products to suit your pocket and the people you love.

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