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)
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:
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
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
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
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
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
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
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
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
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.)
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.)
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
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
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
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
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
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
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
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 E-Class AMG-Line
Lease began
GAP Claim
Contract Hire GAP Pay-out
May 2021
September 2022
£250
- Length of ownership:
- 16 Months
- Policy Cost:
- The policy cost £137.05 (54.82% of the amount the policy paid out.)
Land Rover Range Rover Velar
Lease began
GAP Claim
Contract Hire GAP Pay-out
March 2019
June 2022
£3,200
- Length of ownership:
- 39 Months
- Policy Cost:
- The policy cost £150.83 (4.71% of the amount the policy paid out.)
Audi A4
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
February 2022
£12,700
November 2023
£3,480
- Length of ownership:
- 21 Months
- Rate Of Depreciation:
- An average of £165.71 per month
- Total Depreciation:
- 27.40% of its original Invoice Price during the 21 months it was owned.
- Policy Cost:
- The policy cost £187.02 (5.37% of the amount the policy paid out.)
Nissan Micra
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
March 2023
£20,995
October 2023
£2,257
- Length of ownership:
- 7 Months
- Rate Of Depreciation:
- An average of £322.43 per month
- Total Depreciation:
- 10.75% of its original Invoice Price during the 7 months it was owned.
- Policy Cost:
- The policy cost £223.64 (9.91% of the amount the policy paid out.)
Audi Q7
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
October 2022
£53,000
October 2023
£3,170
- Length of ownership:
- 12 Months
- Rate Of Depreciation:
- An average of £264.17 per month
- Total Depreciation:
- 5.98% of its original Invoice Price during the 12 months it was owned.
- Policy Cost:
- The policy cost £337.08 (10.63% of the amount the policy paid out.)
Volvo XC40
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
September 2021
£29,950
October 2023
£8,040
- Length of ownership:
- 25 Months
- Rate Of Depreciation:
- An average of £321.60 per month
- Total Depreciation:
- 26.84% of its original Invoice Price during the 25 months it was owned.
- Policy Cost:
- The policy cost £225.50 (2.80% of the amount the policy paid out.)
Seat Leon
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
August 2023
£20,999
October 2023
£1,471
- Length of ownership:
- 2 Months
- Rate Of Depreciation:
- An average of £735.50 per month
- Total Depreciation:
- 7.01% of its original Invoice Price during the 2 months it was owned.
- Policy Cost:
- The policy cost £299.00 (20.33% of the amount the policy paid out.)
BMW 3 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
October 2022
£31,495
October 2023
£7,365
- Length of ownership:
- 12 Months
- Rate Of Depreciation:
- An average of £613.75 per month
- Total Depreciation:
- 23.38% of its original Invoice Price during the 12 months it was owned.
- Policy Cost:
- The policy cost £238.00 (3.23% of the amount the policy paid out.)
Mazda 3
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
July 2023
£26,669
October 2023
£4,557
- Length of ownership:
- 3 Months
- Rate Of Depreciation:
- An average of £1,519.00 per month
- Total Depreciation:
- 17.09% of its original Invoice Price during the 3 months it was owned.
- Policy Cost:
- The policy cost £238.76 (5.24% of the amount the policy paid out.)
BMW 3 Series
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
November 2021
£44,995
October 2023
£8,120
- Length of ownership:
- 23 Months
- Rate Of Depreciation:
- An average of £353.04 per month
- Total Depreciation:
- 18.05% of its original Invoice Price during the 23 months it was owned.
- Policy Cost:
- The policy cost £221.81 (2.73% of the amount the policy paid out.)
Skoda Yeti
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
August 2022
£15,285
September 2023
£2,490
- Length of ownership:
- 13 Months
- Rate Of Depreciation:
- An average of £191.54 per month
- Total Depreciation:
- 16.29% of its original Invoice Price during the 13 months it was owned.
- Policy Cost:
- The policy cost £223.64 (8.98% of the amount the policy paid out.)
Audi A3
Vehicle Purchased
Invoice Price
GAP Claim
Invoice GAP Pay-out
November 2021
£26,995
September 2023
£7,275
- Length of ownership:
- 22 Months
- Rate Of Depreciation:
- An average of £330.68 per month
- Total Depreciation:
- 26.95% of its original Invoice Price during the 22 months it was owned.
- Policy Cost:
- The policy cost £265.29 (3.65% of the amount the policy paid out.)
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
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
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
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.)
Land Rover Range Rover Sport
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
March 2018
£61,990
June 2022
£48,250
- Length of ownership:
- 51 Months
- Rate Of Depreciation:
- An average of £946.08 per month*
- Total Depreciation:
- 77.84% of its original Invoice Price during the 51 months it was owned.*
- Policy Cost:
- The policy cost £510.00 (1.06% of the amount the policy paid out.)
Nissan Qashqai
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
June 2018
£16,727
May 2022
£14,410
- Length of ownership:
- 47 Months
- Rate Of Depreciation:
- An average of £306.60 per month*
- Total Depreciation:
- 86.15% of its original Invoice Price during the 47 months it was owned.*
- Policy Cost:
- The policy cost £200.00 (1.39% of the amount the policy paid out.)
Skoda Superb
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
October 2016
£27,400
April 2022
£25,180
- Length of ownership:
- 66 Months
- Rate Of Depreciation:
- An average of AT LEAST £381.52 per month*
- Total Depreciation:
- AT LEAST 91.90% of its original Invoice Price during the 66 months it was owned.*
- Policy Cost:
- The policy cost £298.00 (1.18% of the amount the policy paid out.)
BMW 3 Series
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
March 2017
£15,988
March 2022
£12,680
- Length of ownership:
- 60 Months
- Rate Of Depreciation:
- An average of AT LEAST £211.33 per month*
- Total Depreciation:
- AT LEAST 79.31% of its original Invoice Price during the 60 months it was owned.*
- Policy Cost:
- The policy cost £246.60 (1.94% of the amount the policy paid out.)
Vauxhall Mokka
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
March 2018
£10,750
March 2022
£7,308
- Length of ownership:
- 48 Months
- Rate Of Depreciation:
- An average of £152.25 per month*
- Total Depreciation:
- 67.98% of its original Invoice Price during the 48 months it was owned.*
- Policy Cost:
- The policy cost £147.38 (2.02% of the amount the policy paid out.)
Volkswagen Touran
Vehicle Purchased
Invoice Price
GAP Claim
GAP Payout
September 2017
£24,000
March 2022
£17,280
- Length of ownership:
- 54 Months
- Rate Of Depreciation:
- An average of £320.00 per month*
- Total Depreciation:
- 72.00% of its original Invoice Price during the 54 months it was owned.*
- Policy Cost:
- The policy cost £190.00 (1.10% 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.
