Compare GapInsurance123 Policy Features

What are the different levels of cover offered by GapInsurance123? To try to keep things simple, we offer four levels of cover, each available for cars, vans, motorhomes, motorbikes, taxi's and driving school vehicles.

Take a quick look at the table below to see how each of the types of cover work.


Compare Gap Insurance cover




  Finance & Contract Hire
Return to Invoice         
Vehicle Replacement Insurance
Agreed Value Gap
Vehicle Age/Mileage at start  8 years/100k miles  10 years/120k miles  8 years/80k miles  8 years/80k miles
Maximum Policy Period  5 years  5 years  5 years  4 years
Policy Purchase within  Any Time  180 days  180 days  Any Time
Policy cover  To finance/lease settlement  To original invoice price  To cost of equivalent replacement  105% GGR
Suitable for Finance?  Yes  Yes, Combined  Yes, Combined  No
Insurance Excess Cover  up to £250 contribution  up to £250 contribution  up to £250 contribution  up to £250
Defer Start Date  No  Yes  Yes  No
Cooling off period  30 days  30 days  30 days  30 days
Transferable  No*  Yes  Yes  Yes
Cancellation & Refund  Full up to 30 days, pro rat after  Full up to 30 days, pro rata after  Full up to 30 days, pro rata after Full up to 30 days, pro rata after

* Will transfer the balance of cover free of charge if vehicle is replaced by your motor insurer with no claim on the Gap policy.

All Policies are available for Cars, Vans, Motorhomes, Motorbikes, Taxi's and Driving School Vehicles.

Gap Insurance policies suitable for

Finance and Contract Hire Gap Insurance : For vehicles on hire purchase through a motor dealer, or through a Contract Hire or Lease agreement. Will cover between the market value of the old vehicle, and the amount required to settle a finance agreement or lease settlement.

Return to Invoice Gap Insurance : For vehicles purchased by cash, or on a hire purchase agreement through the motor dealer within the last 180 days. Will cover between the market value of your old vehicle, and the higher amount of either the finance settlement figure or the original invoice price.

Vehicle Replacement Insurance : For vehicles purchased by cash, or on a hire purchase agreement through the motor dealer within the last 180 days. Will cover between the market value of your old vehicle, and the higher amount of either the finance settlement figure or the cost of replacing the vehicle with one that you bought the policy for.

Agreed Value Gap Insurance
: For vehicles purchased privately, at auction or owned for more than 180 days. Will cover between the market value of your old vehicle and 105% of the Glass' Guide Retail Value of your vehicle on the day you bought the Gap Insurance policy.