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
£1,498,146,872.69
(Total value of vehicles covered)
£5,663,982.06
(Total value of paid claims)
£49,475.00
(Largest claim to date)
£6,640.07
(Average claim payout)
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
- Policy Cost:
- The policy cost £99.96 (1.00% of the amount the policy paid out.)
Tesla Model 3
- Policy Cost:
- The policy cost £260.06 (3.91% of the amount the policy paid out.)
Audi A3
- Policy Cost:
- The policy cost £142.13 (2.69% of the amount the policy paid out.)
Kia Ceed
- Policy Cost:
- The policy cost £99.96 (2.17% of the amount the policy paid out.)
Land Rover Discovery Sport
- Policy Cost:
- The policy cost £216.72 (4.97% of the amount the policy paid out.)
Mercedes-Benz SLC
- Policy Cost:
- The policy cost £99.96 (2.12% of the amount the policy paid out.)
BMW 3 Series
- Policy Cost:
- The policy cost £157.92 (3.45% of the amount the policy paid out.)
Ford Fiesta
- Policy Cost:
- The policy cost £99.96 (2.48% of the amount the policy paid out.)
Mercedes-Benz E-Class
- Policy Cost:
- The policy cost £99.96 (1.56% of the amount the policy paid out.)
BMW 3 Series
- Policy Cost:
- The policy cost £96.60 (2.33% of the amount the policy paid out.)
BMW X5
- Length of ownership:
- 23 Months
- Policy Cost:
- The policy cost £287.62 (8.85% of the amount the policy paid out.)
Kia e-Niro
- Length of ownership:
- 27 Months
- Policy Cost:
- The policy cost £138.43 (1.54% of the amount the policy paid out.)
Volkswagen ID.4
- Length of ownership:
- 16 Months
- Policy Cost:
- The policy cost £115.89 (46.36% of the amount the policy paid out.)
Hyundai Ioniq
- Length of ownership:
- 28 Months
- Policy Cost:
- The policy cost £135.21 (2.69% of the amount the policy paid out.)
Hyundai Tucson
- Length of ownership:
- 22 Months
- Policy Cost:
- The policy cost £128.77 (51.51% of the amount the policy paid out.)
Hyundai Tucson
- Length of ownership:
- 14 Months
- Policy Cost:
- The policy cost £146.10 (4.50% of the amount the policy paid out.)
Volvo XC40
- Length of ownership:
- 14 Months
- Policy Cost:
- The policy cost £124.19 (3.14% of the amount the policy paid out.)
Subaru Solterra
- Length of ownership:
- 1 Months
- Policy Cost:
- The policy cost £229.87 (27.11% of the amount the policy paid out.)
Tesla Model 3
- Length of ownership:
- 5 Months
- Policy Cost:
- The policy cost £196.50 (2.31% of the amount the policy paid out.)
Hyundai Tucson
- Length of ownership:
- 19 Months
- Policy Cost:
- The policy cost £135.21 (7.34% of the amount the policy paid out.)
BMW 4 Series
- Length of ownership:
- 20 Months
- Rate Of Depreciation:
- An average of £450.35 per month
- Total Depreciation:
- 33.36% of its original Invoice Price during the 20 months it was owned.
- Policy Cost:
- The policy cost £265.29 (2.95% of the amount the policy paid out.)
Lexus NX
- Length of ownership:
- 37 Months
- Rate Of Depreciation:
- An average of £133.14 per month
- Total Depreciation:
- 12.96% of its original Invoice Price during the 37 months it was owned.
- Policy Cost:
- The policy cost £265.29 (5.39% of the amount the policy paid out.)
Volkswagen T-Roc
- Length of ownership:
- 44 Months
- Rate Of Depreciation:
- An average of £183.75 per month
- Total Depreciation:
- 39.51% of its original Invoice Price during the 44 months it was owned.
- Policy Cost:
- The policy cost £174.60 (2.16% of the amount the policy paid out.)
Audi Q5
- Length of ownership:
- 8 Months
- Rate Of Depreciation:
- An average of £105.13 per month
- Total Depreciation:
- 2.80% of its original Invoice Price during the 8 months it was owned.
- Policy Cost:
- The policy cost £265.29 (31.54% of the amount the policy paid out.)
Renault Megane
- Length of ownership:
- 15 Months
- Rate Of Depreciation:
- An average of £181.93 per month
- Total Depreciation:
- 27.02% of its original Invoice Price during the 15 months it was owned.
- Policy Cost:
- The policy cost £196.86 (7.21% of the amount the policy paid out.)
Honda Jazz
- Length of ownership:
- 16 Months
- Rate Of Depreciation:
- An average of £332.50 per month
- Total Depreciation:
- 18.52% of its original Invoice Price during the 16 months it was owned.
- Policy Cost:
- The policy cost £252.03 (4.74% of the amount the policy paid out.)
Vauxhall Astra
- Length of ownership:
- 26 Months
- Rate Of Depreciation:
- An average of £117.31 per month
- Total Depreciation:
- 21.03% of its original Invoice Price during the 26 months it was owned.
- Policy Cost:
- The policy cost £163.24 (5.35% of the amount the policy paid out.)
BMW 1 Series
- Length of ownership:
- 13 Months
- Rate Of Depreciation:
- An average of £691.67 per month
- Total Depreciation:
- 26.01% of its original Invoice Price during the 13 months it was owned.
- Policy Cost:
- The policy cost £238.76 (2.66% of the amount the policy paid out.)
Mini Cooper S
- Length of ownership:
- 19 Months
- Rate Of Depreciation:
- An average of £118.89 per month
- Total Depreciation:
- 12.70% of its original Invoice Price during the 19 months it was owned.
- Policy Cost:
- The policy cost £164.77 (7.29% of the amount the policy paid out.)
Vauxhall Corsa
- Length of ownership:
- 21 Months
- Rate Of Depreciation:
- An average of £108.86 per month
- Total Depreciation:
- 30.48% of its original Invoice Price during the 21 months it was owned.
- Policy Cost:
- The policy cost £129.85 (5.68% of the amount the policy paid out.)
Kia Niro EV
- Length of ownership:
- 16 Months
- Rate Of Depreciation:
- An average of £856.00 per month*
- Total Depreciation:
- 32.61% of its original Invoice Price during the 16 months it was owned.*
- Policy Cost:
- The policy cost £302.62 (2.21% of the amount the policy paid out.)
Volvo S60
- Length of ownership:
- 43 Months
- Rate Of Depreciation:
- An average of £698.35 per month*
- Total Depreciation:
- 59.29% of its original Invoice Price during the 43 months it was owned.*
- Policy Cost:
- The policy cost £403.27 (1.34% of the amount the policy paid out.)
BMW 1 Series
- Length of ownership:
- 25 Months
- Rate Of Depreciation:
- An average of £406.78 per month*
- Total Depreciation:
- 29.22% of its original Invoice Price during the 25 months it was owned.*
- Policy Cost:
- The policy cost £269.35 (2.65% of the amount the policy paid out.)
Audi Q3
- 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
- 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
- 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
- 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
- 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
- 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
- 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.)
* - 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.