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...

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

£1,323,991,150.96
(Total value of vehicles covered)

£4,801,366.81
(Total value of paid claims)

£49,475.00
(Largest claim to date)

£6,696.47
(Average claim payout)

UK GAP insurance claims by postcode area

The map: above, shows (by way of postcode area) the location of claims that have been made on our Invoice, Replacement, Contract Hire and Top-Up GAP insurance policies.

Recent GAP insurance claims

If you're not sure of the benefit of GAP insurance, check out some of our recently paid claims below:

BMW i8

BMW i8
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
January 2024
£50,000
£10,000
Policy Cost:
The policy cost £99.96 (1.00% of the amount the policy paid out.)

Audi A3

Audi A3
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
May 2023
£20,118
£5,280
Policy Cost:
The policy cost £142.13 (2.69% of the amount the policy paid out.)

Kia Ceed

Kia Ceed
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
January 2023
£17,450
£4,613
Policy Cost:
The policy cost £99.96 (2.17% of the amount the policy paid out.)

Land Rover Discovery Sport

Land Rover Discovery Sport
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
November 2022
£17,000
£4,364
Policy Cost:
The policy cost £216.72 (4.97% of the amount the policy paid out.)

Mercedes-Benz SLC

Mercedes-Benz SLC
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
November 2022
£18,100
£4,725
Policy Cost:
The policy cost £99.96 (2.12% of the amount the policy paid out.)

BMW 3 Series

BMW 3 Series
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
August 2022
£17,500
£4,575
Policy Cost:
The policy cost £157.92 (3.45% of the amount the policy paid out.)

Ford Fiesta

Ford Fiesta
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
June 2022
£15,710
£4,028
Policy Cost:
The policy cost £99.96 (2.48% of the amount the policy paid out.)

Mercedes-Benz E-Class

Mercedes-Benz E-Class
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
September 2021
£24,670
£6,418
Policy Cost:
The policy cost £99.96 (1.56% of the amount the policy paid out.)

BMW 3 Series

BMW 3 Series
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
June 2021
£15,580
£4,145
Policy Cost:
The policy cost £96.60 (2.33% of the amount the policy paid out.)

Volkswagen Golf

Volkswagen Golf
GAP Claim
Motor insurance Pay-out
Top-Up GAP Pay-out
May 2021
£10,900
£2,975
Policy Cost:
The policy cost £126.84 (4.26% of the amount the policy paid out.)

Hyundai Tucson

Hyundai Tucson
Lease began
GAP Claim
Contract Hire GAP Pay-out
November 2022
January 2024
£3,250
Length of ownership:
14 Months
Policy Cost:
The policy cost £146.10 (4.50% of the amount the policy paid out.)

Volvo XC40

Volvo XC40
Lease began
GAP Claim
Contract Hire GAP Pay-out
September 2022
November 2023
£3,000
Length of ownership:
14 Months
Policy Cost:
The policy cost £124.19 (4.14% of the amount the policy paid out.)

Subaru Solterra

Subaru Solterra
Lease began
GAP Claim
Contract Hire GAP Pay-out
October 2023
November 2023
£848
Length of ownership:
1 Months
Policy Cost:
The policy cost £229.87 (27.11% of the amount the policy paid out.)

Hyundai Tucson

Hyundai Tucson
Lease began
GAP Claim
Contract Hire GAP Pay-out
August 2021
March 2023
£1,842
Length of ownership:
19 Months
Policy Cost:
The policy cost £135.21 (7.34% of the amount the policy paid out.)

Skoda Kodiaq

Skoda Kodiaq
Lease began
GAP Claim
Contract Hire GAP Pay-out
December 2019
March 2023
£1,000
Length of ownership:
39 Months
Policy Cost:
The policy cost £94.71 (9.47% of the amount the policy paid out.)

BMW 1 Series

BMW 1 Series
Lease began
GAP Claim
Contract Hire GAP Pay-out
September 2022
December 2022
£821
Length of ownership:
3 Months
Policy Cost:
The policy cost £146.10 (17.80% of the amount the policy paid out.)

Land Rover Range Rover Sport

Land Rover Range Rover Sport
Lease began
GAP Claim
Contract Hire GAP Pay-out
September 2020
December 2022
£3,200
Length of ownership:
27 Months
Policy Cost:
The policy cost £340.67 (10.65% of the amount the policy paid out.)

Kia Sportage

Kia Sportage
Lease began
GAP Claim
Contract Hire GAP Pay-out
January 2020
December 2022
£250
Length of ownership:
35 Months
Policy Cost:
The policy cost £108.73 (43.49% of the amount the policy paid out.)

Nissan Leaf

Nissan Leaf
Lease began
GAP Claim
Contract Hire GAP Pay-out
May 2021
November 2022
£868
Length of ownership:
18 Months
Policy Cost:
The policy cost £118.79 (13.69% of the amount the policy paid out.)

Peugeot 3008 SUV

Peugeot 3008 SUV
Lease began
GAP Claim
Contract Hire GAP Pay-out
June 2022
September 2022
£200
Length of ownership:
3 Months
Policy Cost:
The policy cost £125.39 (62.70% of the amount the policy paid out.)

Mercedes-Benz A-Class

Mercedes-Benz A-Class
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
September 2023
£12,799
February 2024
£1,089
Length of ownership:
5 Months
Rate Of Depreciation:
An average of £217.81 per month
Total Depreciation:
8.51% of its original Invoice Price during the 5 months it was owned.
Policy Cost:
The policy cost £249.66 (22.93% of the amount the policy paid out.)

Jaguar F-Pace

Jaguar F-Pace
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
April 2021
£71,465
February 2024
£21,123
Length of ownership:
34 Months
Rate Of Depreciation:
An average of £621.26 per month
Total Depreciation:
29.56% of its original Invoice Price during the 34 months it was owned.
Policy Cost:
The policy cost £298.02 (1.41% of the amount the policy paid out.)

BMW 5 Series

BMW 5 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
August 2022
£18,000
January 2024
£4,169
Length of ownership:
17 Months
Rate Of Depreciation:
An average of £245.24 per month
Total Depreciation:
23.16% of its original Invoice Price during the 17 months it was owned.
Policy Cost:
The policy cost £223.64 (5.36% of the amount the policy paid out.)

Ford Focus

Ford Focus
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
February 2023
£22,500
January 2024
£3,884
Length of ownership:
11 Months
Rate Of Depreciation:
An average of £353.09 per month
Total Depreciation:
17.26% of its original Invoice Price during the 11 months it was owned.
Policy Cost:
The policy cost £223.64 (5.76% of the amount the policy paid out.)

Mercedes-Benz A-Class AMG-Line

Mercedes-Benz A-Class AMG-Line
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
May 2022
£17,699
January 2024
£2,869
Length of ownership:
20 Months
Rate Of Depreciation:
An average of £143.45 per month
Total Depreciation:
16.21% of its original Invoice Price during the 20 months it was owned.
Policy Cost:
The policy cost £201.28 (7.02% of the amount the policy paid out.)

BMW 4 Series

BMW 4 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
May 2021
£49,640
January 2024
£19,421
Length of ownership:
32 Months
Rate Of Depreciation:
An average of £606.91 per month
Total Depreciation:
39.12% of its original Invoice Price during the 32 months it was owned.
Policy Cost:
The policy cost £327.77 (1.69% of the amount the policy paid out.)

Toyota RAV4

Toyota RAV4
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
May 2022
£44,238
January 2024
£10,225
Length of ownership:
20 Months
Rate Of Depreciation:
An average of £511.25 per month
Total Depreciation:
23.11% of its original Invoice Price during the 20 months it was owned.
Policy Cost:
The policy cost £327.77 (3.21% of the amount the policy paid out.)

Audi Q5

Audi Q5
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
January 2023
£29,550
December 2023
£7,149
Length of ownership:
11 Months
Rate Of Depreciation:
An average of £649.91 per month
Total Depreciation:
24.19% of its original Invoice Price during the 11 months it was owned.
Policy Cost:
The policy cost £265.29 (3.71% of the amount the policy paid out.)

Mercedes-Benz A-Class

Mercedes-Benz A-Class
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
November 2021
£8,990
December 2023
£3,539
Length of ownership:
25 Months
Rate Of Depreciation:
An average of £141.56 per month
Total Depreciation:
39.37% of its original Invoice Price during the 25 months it was owned.
Policy Cost:
The policy cost £170.08 (4.81% of the amount the policy paid out.)

Renault Captur

Renault Captur
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
October 2020
£19,000
December 2023
£4,900
Length of ownership:
38 Months
Rate Of Depreciation:
An average of £128.95 per month
Total Depreciation:
25.79% of its original Invoice Price during the 38 months it was owned.
Policy Cost:
The policy cost £198.41 (4.05% of the amount the policy paid out.)

Audi Q3

Audi Q3
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
May 2023
£38,795
December 2023
£3,795
Length of ownership:
7 Months
Rate Of Depreciation:
An average of £542.18 per month*
Total Depreciation:
9.78% of its original Invoice Price during the 7 months it was owned.*
Policy Cost:
The policy cost £302.62 (7.97% of the amount the policy paid out.)

Mazda CX-30

Mazda CX-30
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
January 2023
£29,950
November 2023
£3,710
Length of ownership:
10 Months
Rate Of Depreciation:
An average of £371.00 per month*
Total Depreciation:
12.39% of its original Invoice Price during the 10 months it was owned.*
Policy Cost:
The policy cost £269.35 (7.26% of the amount the policy paid out.)

Renault Clio

Renault Clio
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
November 2020
£16,090
October 2023
£7,749
Length of ownership:
35 Months
Rate Of Depreciation:
An average of £221.40 per month*
Total Depreciation:
48.16% of its original Invoice Price during the 35 months it was owned.*
Policy Cost:
The policy cost £248.03 (3.20% of the amount the policy paid out.)

Land Rover Range Rover Evoque

Land Rover Range Rover Evoque
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
April 2017
£37,500
September 2023
£31,500
Length of ownership:
77 Months
Rate Of Depreciation:
An average of £409.09 per month*
Total Depreciation:
84.00% of its original Invoice Price during the 77 months it was owned.*
Policy Cost:
The policy cost £350.00 (1.11% of the amount the policy paid out.)

Audi A6

Audi A6
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
October 2018
£20,500
August 2023
£18,004
Length of ownership:
58 Months
Rate Of Depreciation:
An average of £310.41 per month*
Total Depreciation:
87.82% of its original Invoice Price during the 58 months it was owned.*
Policy Cost:
The policy cost £420.00 (2.33% of the amount the policy paid out.)

Volvo XC60

Volvo XC60
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
March 2020
£57,745
May 2023
£15,497
Length of ownership:
38 Months
Rate Of Depreciation:
An average of £407.82 per month*
Total Depreciation:
26.84% of its original Invoice Price during the 38 months it was owned.*
Policy Cost:
The policy cost £362.94 (2.34% of the amount the policy paid out.)

Skoda Kodiaq

Skoda Kodiaq
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
September 2020
£28,195
January 2023
£7,237
Length of ownership:
28 Months
Rate Of Depreciation:
An average of £258.46 per month*
Total Depreciation:
25.67% of its original Invoice Price during the 28 months it was owned.*
Policy Cost:
The policy cost £235.10 (3.25% of the amount the policy paid out.)

Mercedes-Benz E-Class AMG-Line

Mercedes-Benz E-Class AMG-Line
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
September 2020
£33,670
November 2022
£21,095
Length of ownership:
26 Months
Rate Of Depreciation:
An average of £811.35 per month*
Total Depreciation:
62.65% of its original Invoice Price during the 26 months it was owned.*
Policy Cost:
The policy cost £311.72 (1.48% of the amount the policy paid out.)

BMW 3 Series

BMW 3 Series
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
January 2020
£50,500
October 2022
£22,168
Length of ownership:
33 Months
Rate Of Depreciation:
An average of £671.76 per month*
Total Depreciation:
43.90% of its original Invoice Price during the 33 months it was owned.*
Policy Cost:
The policy cost £403.27 (1.82% of the amount the policy paid out.)

Land Rover Range Rover Velar

Land Rover Range Rover Velar
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
December 2019
£49,845
September 2022
£14,473
Length of ownership:
33 Months
Rate Of Depreciation:
An average of £438.58 per month*
Total Depreciation:
29.04% of its original Invoice Price during the 33 months it was owned.*
Policy Cost:
The policy cost £470.00 (3.25% 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.