GAP insurance statistics
We're often asked questions like, "Is GAP insurance worth it?" and "Do many people buy GAP insurance?". Of course we know that the popularity and demand for GAP insurance has rocketed in recent years, that more people are buying GAP insurance than ever before and that we provide policies to people all across the UK.
We can tell you all these things... but sometimes it's just better to show you. So here goes...
Where we cover
We have policyholders all over the UK.
The map: shows the postcode areas in which we have GAP Insurance policyholders.
Cover and claim statistics
To our knowledge we're still the only GAP insurance provider which publishes claim statistics. The Financial Conduct Authority (FCA) have been toying with the idea of making it compulsory for GAP insurance claim statistics to be published by all providers - we've been doing it for years though.
Cover Statistics
£947,431,222.97
(Total value of vehicles covered)
£3,922,472.98
(Total value of paid claims)
£49,475.00
(Largest claim to date)
£7,318.05
(Average claim payout)
The map: above, shows (by way of postcode area) the location of claims that have been made on our Invoice and Replacement GAP insurance policies. The "Total value of vehicles covered" is displayed in real-time. The "Total value of paid claims", "Largest claim to date" and "Average claim payout" are derived from claim statistics which are updated once-per-month.
Recent GAP insurance claims
If you're not sure of the benefit of GAP insurance, check out some of our recently paid claims below:
Jaguar XF
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
December 2020
£8,753
£2,438
- Policy Cost:
- The policy cost £68.04 (2.79% of the amount the policy paid out.)
Toyota Hilux
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
August 2020
£23,602
£6,051
- Policy Cost:
- The policy cost £77.11 (1.27% of the amount the policy paid out.)
Toyota Auris
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
July 2020
£9,390
£2,448
- Policy Cost:
- The policy cost £96.60 (3.95% of the amount the policy paid out.)
Ford Focus
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
June 2020
£4,900
£1,225
- Policy Cost:
- The policy cost £68.04 (5.55% of the amount the policy paid out.)
Honda CR-V
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
November 2019
£7,230
£2,058
- Policy Cost:
- The policy cost £68.04 (3.31% of the amount the policy paid out.)
Audi A6
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
October 2019
£17,500
£4,455
- Policy Cost:
- The policy cost £68.04 (1.53% of the amount the policy paid out.)
Mercedes-Benz A-Class
Lease began
GAP Claim
Contract Hire GAP Pay-out
October 2019
February 2020
£935
- Length of ownership:
- 4 Months
- Policy Cost:
- The policy cost £88.20 (9.43% of the amount the policy paid out.)
Skoda Kodiaq
Lease began
GAP Claim
Contract Hire GAP Pay-out
October 2018
February 2020
£1,271
- Length of ownership:
- 16 Months
- Policy Cost:
- The policy cost £94.53 (7.44% of the amount the policy paid out.)
Volvo XC60
Lease began
GAP Claim
Contract Hire GAP Pay-out
September 2017
February 2020
£1,172
- Length of ownership:
- 29 Months
- Policy Cost:
- The policy cost £64.08 (5.47% of the amount the policy paid out.)
Vauxhall Astra
Lease began
GAP Claim
Contract Hire GAP Pay-out
August 2019
December 2019
£250
- Length of ownership:
- 4 Months
- Policy Cost:
- The policy cost £68.80 (27.52% of the amount the policy paid out.)
BMW 4 Series
Lease began
GAP Claim
Contract Hire GAP Pay-out
July 2019
November 2019
£277
- Length of ownership:
- 4 Months
- Policy Cost:
- The policy cost £104.03 (37.56% of the amount the policy paid out.)
BMW X3
Lease began
GAP Claim
Contract Hire GAP Pay-out
May 2019
September 2019
£774
- Length of ownership:
- 4 Months
- Policy Cost:
- The policy cost £101.61 (13.13% of the amount the policy paid out.)
Honda CR-V
Lease began
GAP Claim
Contract Hire GAP Pay-out
June 2018
September 2019
£250
- Length of ownership:
- 15 Months
- Policy Cost:
- The policy cost £136.83 (54.73% of the amount the policy paid out.)
Audi A5 Cabriolet
Lease began
GAP Claim
Contract Hire GAP Pay-out
March 2018
August 2019
£1,200
- Length of ownership:
- 17 Months
- Policy Cost:
- The policy cost £105.22 (8.77% of the amount the policy paid out.)
Land Rover Range Rover
Lease began
GAP Claim
Contract Hire GAP Pay-out
September 2017
July 2019
£10,271
- Length of ownership:
- 22 Months
- Policy Cost:
- The policy cost £192.00 (1.87% of the amount the policy paid out.)
Seat Leon
Lease began
GAP Claim
Contract Hire GAP Pay-out
March 2019
May 2019
£1,065
- Length of ownership:
- 2 Months
- Policy Cost:
- The policy cost £83.52 (7.84% of the amount the policy paid out.)
Porsche Macan
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
June 2019
£55,000
January 2021
£9,940
- Length of ownership:
- 19 Months
- Rate Of Depreciation:
- An average of £523.16 per month
- Total Depreciation:
- 18.07% of its original Invoice Price during the 19 months it was owned.
- Policy Cost:
- The policy cost £185.47 (1.87% of the amount the policy paid out.)
BMW 1 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
January 2020
£24,851
January 2021
£2,736
- Length of ownership:
- 12 Months
- Rate Of Depreciation:
- An average of £228.02 per month
- Total Depreciation:
- 11.01% of its original Invoice Price during the 12 months it was owned.
- Policy Cost:
- The policy cost £178.57 (6.53% of the amount the policy paid out.)
BMW 1 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
September 2020
£11,969
January 2021
£1,050
- Length of ownership:
- 4 Months
- Rate Of Depreciation:
- An average of £262.50 per month
- Total Depreciation:
- 8.77% of its original Invoice Price during the 4 months it was owned.
- Policy Cost:
- The policy cost £175.12 (16.68% of the amount the policy paid out.)
Mercedes-Benz A-Class
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
November 2020
£19,929
December 2020
£1,533
- Length of ownership:
- 1 Months
- Rate Of Depreciation:
- An average of £1,533.00 per month
- Total Depreciation:
- 7.69% of its original Invoice Price during the 1 months it was owned.
- Policy Cost:
- The policy cost £198.41 (12.94% of the amount the policy paid out.)
BMW X1
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
January 2020
£16,495
December 2020
£295
- Length of ownership:
- 11 Months
- Rate Of Depreciation:
- An average of £26.82 per month
- Total Depreciation:
- 1.79% of its original Invoice Price during the 11 months it was owned.
- Policy Cost:
- The policy cost £189.73 (64.32% of the amount the policy paid out.)
BMW 1 series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
May 2017
£33,579
December 2020
£10,000
- Length of ownership:
- 43 Months
- Rate Of Depreciation:
- An average of AT LEAST £232.56 per month
- Total Depreciation:
- AT LEAST 29.78% of its original Invoice Price during the 43 months it was owned.
- Policy Cost:
- The policy cost £159.98 (1.60% of the amount the policy paid out.)
Porsche Cayman
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
September 2020
£42,500
December 2020
£2,090
- Length of ownership:
- 3 Months
- Rate Of Depreciation:
- An average of £696.67 per month
- Total Depreciation:
- 4.92% of its original Invoice Price during the 3 months it was owned.
- Policy Cost:
- The policy cost £190.21 (9.10% of the amount the policy paid out.)
Land Rover Range Rover Sport
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
March 2018
£64,500
November 2020
£24,295
- Length of ownership:
- 32 Months
- Rate Of Depreciation:
- An average of £759.22 per month
- Total Depreciation:
- 37.67% of its original Invoice Price during the 32 months it was owned.
- Policy Cost:
- The policy cost £324.98 (1.34% of the amount the policy paid out.)
Peugeot 308
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
February 2016
£7,399
November 2020
£3,627
- Length of ownership:
- 57 Months
- Rate Of Depreciation:
- An average of £63.62 per month
- Total Depreciation:
- 49.01% of its original Invoice Price during the 57 months it was owned.
- Policy Cost:
- The policy cost £130.00 (3.58% of the amount the policy paid out.)
BMW M4
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
March 2018
£45,000
November 2020
£14,239
- Length of ownership:
- 32 Months
- Rate Of Depreciation:
- An average of £444.97 per month
- Total Depreciation:
- 31.64% of its original Invoice Price during the 32 months it was owned.
- Policy Cost:
- The policy cost £167.15 (1.17% of the amount the policy paid out.)
Mercedes-Benz CLS-Class
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
January 2019
£37,260
January 2021
£20,761
- Length of ownership:
- 24 Months
- Rate Of Depreciation:
- An average of £865.04 per month*
- Total Depreciation:
- 55.72% of its original Invoice Price during the 24 months it was owned.*
- Policy Cost:
- The policy cost £346.35 (1.67% of the amount the policy paid out.)
Hyundai i30 N
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
September 2019
£25,000
December 2020
£7,393
- Length of ownership:
- 15 Months
- Rate Of Depreciation:
- An average of £492.87 per month*
- Total Depreciation:
- 29.57% of its original Invoice Price during the 15 months it was owned.*
- Policy Cost:
- The policy cost £205.27 (2.78% of the amount the policy paid out.)
Ford Fiesta
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
April 2018
£9,500
December 2020
£1,877
- Length of ownership:
- 32 Months
- Rate Of Depreciation:
- An average of £58.66 per month*
- Total Depreciation:
- 19.76% of its original Invoice Price during the 32 months it was owned.*
- Policy Cost:
- The policy cost £126.17 (6.72% of the amount the policy paid out.)
BMW M4
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
April 2018
£34,000
October 2020
£11,077
- Length of ownership:
- 30 Months
- Rate Of Depreciation:
- An average of £369.23 per month*
- Total Depreciation:
- 32.58% of its original Invoice Price during the 30 months it was owned.*
- Policy Cost:
- The policy cost £267.62 (2.42% of the amount the policy paid out.)
Volvo XC90
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
September 2019
£48,760
October 2020
£13,289
- Length of ownership:
- 13 Months
- Rate Of Depreciation:
- An average of £1,022.23 per month*
- Total Depreciation:
- 27.25% of its original Invoice Price during the 13 months it was owned.*
- Policy Cost:
- The policy cost £370.81 (2.79% of the amount the policy paid out.)
BMW 1 series
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
January 2017
£12,000
October 2020
£3,900
- Length of ownership:
- 45 Months
- Rate Of Depreciation:
- An average of £86.67 per month*
- Total Depreciation:
- 32.50% of its original Invoice Price during the 45 months it was owned.*
- Policy Cost:
- The policy cost £132.49 (3.40% of the amount the policy paid out.)
BMW 4 SERIES
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
October 2016
£41,000
September 2020
£25,824
- Length of ownership:
- 47 Months
- Rate Of Depreciation:
- An average of £549.45 per month*
- Total Depreciation:
- 62.99% of its original Invoice Price during the 47 months it was owned.*
- Policy Cost:
- The policy cost £200.28 (0.78% of the amount the policy paid out.)
Skoda Octavia
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
June 2018
£11,990
September 2020
£5,095
- Length of ownership:
- 27 Months
- Rate Of Depreciation:
- An average of £188.70 per month*
- Total Depreciation:
- 42.49% of its original Invoice Price during the 27 months it was owned.*
- Policy Cost:
- The policy cost £249.64 (4.90% of the amount the policy paid out.)
Audi S8
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
March 2018
£37,000
July 2020
£21,765
- Length of ownership:
- 28 Months
- Rate Of Depreciation:
- An average of £777.32 per month*
- Total Depreciation:
- 58.82% of its original Invoice Price during the 28 months it was owned.*
- Policy Cost:
- The policy cost £196.64 (0.90% of the amount the policy paid out.)
Audi TTS Coupe
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
January 2018
£31,000
July 2020
£11,430
- Length of ownership:
- 30 Months
- Rate Of Depreciation:
- An average of £381.00 per month*
- Total Depreciation:
- 36.87% of its original Invoice Price during the 30 months it was owned.*
- Policy Cost:
- The policy cost £240.86 (2.11% of the amount the policy paid out.)
* - The Replacement GAP insurance rates of depreciation figures shown above reflect not only the depreciation of the original vehicle, but also the potential for the cost of the replacement vehicle to have been greater than the original purchase price paid.
At a glance statistics
Vehicles that we cover.
(Click on or hover over a segment)
The above chart shows a percentage-breakdown of all of our GAP insurance policies according to the make of vehicle that they cover. The top 10 vehicle makes are highlighted.
Claims by vehicle make.
(Click on or hover over a segment)
The above chart shows a percentage-breakdown of the vehicle makes which have been written off and for which we have paid claims. The top 10 vehicle makes are highlighted.
Claims by amount paid
(Click on or hover over a segment)
The above chart shows a percentage breakdown of the amounts that we've paid out in claims by vehicle make. The top 10 vehicle makes are highlighted.
What are people buying?
(Click on or hover over a segment)
The above chart shows a percentage-breakdown of the split between Invoice, Replacement & Contract Hire GAP insurance policies that have been purchased from us.
