Our policy underwriters have announced that from November 1st:, there will be adjustments to the pricing of certain GAP insurance policies.
The changes will primarily apply to the following scenarios:
- Cover durations exceeding 3 years for any petrol/diesel/hybrid vehicle (increase between 20.1% and 26.7%)
- Any duration of cover for 100% electric vehicles (increases between 4.62% and 44%)
- Any duration of cover for certain vehicles classified by the underwriter as higher risk (increases between 9.7% and 39.6%)
Can you avoid the price increase?
Yes - policies purchased before midnight on October 31st will not be affected. If you’ve not yet taken delivery of your vehicle, you can still secure the current pricing by setting a policy start date up to 30 days in advance.
If your vehicle arrives more than 30 days after October 31st, the new pricing will apply.
If you don't require cover for more than 3-years and your vehicle is neither an EV nor a vehicle that the underwriter considers to be of high risk, you will be unaffected by the price changes.
Already received a quote?
If you were quoted before October 27th and your policy/vehicle type is affected, your original quote remains valid for 30 days from the quote date - however, it cannot be purchased online after October 31st. To proceed at the original price after October 31st, please call us on 01484 490095.
Quotes generated between October 27th and 31st (inclusive) will be valid only until midnight on October 31st.
How to check if you're affected:
When retrieving or creating a quote on/before October 31st, affected policies will display a red button above the premium. Clicking the button will show both the current and new November pricing.
If no red button appears, your selected policy is unaffected.
Looking ahead:
We understand the impact price changes can have. While these updates reflect broader shifts in underwriting and risk, we’re actively exploring alternative solutions - including a potential new pricing model - to better serve our customers moving forward. We hope to share more on this in the near future.
Additional context:
These price increases have been announced to us with limited time within which to both build them in to our system and, give advance notice to our customers. We have requested that the roll-out of the price increases be delayed and we await news of that in due course. For now though, we are proceeding on the assumption that a delay will not be granted.
As a final note, for almost 22 years, we’ve worked hard to shield our customers from the full impact of insurer-driven increases by tightening eligibility criteria or absorbing some costs ourselves. However, given the evolving market conditions and the effects of regulatory changes since the start of 2024, we are now in a position where passing on these increases is necessary to maintain the long-term sustainability of our business.
If you’d like to discuss any of the above, please don’t hesitate to contact us.
