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Finance GAP Insurance

Finance GAP Insurance is a type of GAP Insurance that ensures that in the event of a write-off with your finance vehicle, you’re not caught short by your car insurer payout and left with outstanding charges.


What is finance GAP Insurance?

Many motorists don’t consider the reality of a write-off to their vehicle. Even the finest insurers will only reimburse you for the current market value of your car. Meanwhile, the second you drive it off the forecourt, a car’s value begins to depreciate. Typically by 60% in the first three years.

A Finance GAP Insurance policy tops up an insurer’s payout in the event of a write-off, providing the extra funds to settle any outstanding finance.

Finance GAP is a feature of MotorEasy’s Return to Invoice (RTI) product. Get a quote today for ultimate peace of mind.


Finance GAP Insurance features & benefits

  • Outstanding finance payments are covered
  • Not being left out of pocket in the event of a write-off
  • Up to £250 excess is covered
  • Covers European road trips
  • Flexible cover to suit you
  • Access to a free MotorEasy account with huge discounts
  • Save up to 75% against dealership prices


How does Finance GAP Insurance work? 

Finance GAP Insurance is a feature of RTI GAP that in the event of a write-off, will settle your outstanding finance. Simply take out a policy for a period that’s right for you and in the event of an incident, contact us as soon as you think your car could be written off before you accept your car insurer’s offer.


What does Finance GAP Insurance cover?

  • New or used cars purchased on a lease or contract hire agreement
  • Cover available for all cars up to 8 years old and 70,000 miles
  • Write-offs due to theft, accidental damage, fire damage and water damage
  • This GAP Insurance policy pays the difference between the vehicle insurance settlement and the early settlement amount
  • Up to £250 of your vehicle insurance policy excess
  • Covers European road trips


Why choose MotorEasy for Finance GAP Insurance?

MotorEasy can offer expert advice and flexible policies to suit you and your needs with more competitive prices that are cheaper than through a dealer or manufacturer. We’re fully regulated by the FCA and have an Excellent Trustpilot rating thanks to all of our happy customers.


Finance GAP Insurance FAQs

You’ll find the answers to the most common Finance GAP Insurance questions below or you can head to our GAP guide or FAQs to find out more.


Do I need Finance GAP Insurance?

Finance GAP Insurance will give you peace of mind that your finance agreement will be paid off if your car is written off. This prevents you from being left out of pocket and having to pay off outstanding fees before getting a new car.


Am I eligible for Finance GAP?

Cars on a finance agreement with under 70,00 miles and less than 8 years old are eligible for Finance GAP Insurance.


How do I make a claim?

As soon as you think your vehicle will be considered a total loss, you should find your policy documents in your MotorEasy account and begin the claims process. Do this before accepting any offers from your insurance company.


How much is Finance GAP Insurance?

Finance GAP Insurance will depend on several factors including your vehicle and its value, the age and mileage of the vehicle and a few other factors, however, prices start from as little as £4.30 per month (based on a 24 month plan). To find out how much your vehicle will be, get a quote or contact a member of our team today.

Why would my Finance GAP policy not pay out?

Finance GAP Insurance usually won’t cover you if the amount you have borrowed is higher than the cost of the car. This may come about if you have part exchanged a previous vehicle with outstanding finance (Negative Equity Finance). In this instance, a finance GAP policy won’t cover the older debt on your previous car if you have bought your car on finance or hire purchase.

Additionally, if you don’t have a comprehensive insurance policy, your car isn’t considered a write-off or you’re using your vehicle outside “normal use” you may put your GAP Insurance at risk.