Agreed Value Gap Insurance
Gap Insurance with no vehicle age or mileage restrictions.
Unlike traditional Gap Insurance policies, Agreed Value has no vehicle age or mileage restrictions. As long as a Glass’s Guide valuation is available for your vehicle, you can get covered.
If your vehicle is declared a total loss, Agreed Value Gap Insurance will pay the difference between your motor insurer’s settlement and 100% of the Glass’s Guide Retail Price on the day you purchased this policy.
Please Note: We are not currently offering Agreed Value Insurance. Please see our alternative policies: Return To Invoice and Vehicle Replacement.
If your vehicle is written off in an accident or stolen, the pain and inconvenience of being without a car is bad enough. If you’re left out of pocket on top of that, those feelings of frustration are only like to grow.
Your motor insurer will offer a payout in line with your car’s value at the time. Due to depreciation, that could be thousands of pounds less than what you paid for it in the first place. That’s a position nobody wants to be in, but Agreed Value Car Insurance from Direct Gap can protect you.
Cover will include up to a maximum of £250 motor insurance excess.
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Get Gap Insurance today to protect yourself and drive with peace of mind.
Why Should I Consider Agreed Value Gap Insurance?
We’re one of the leading providers of Gap Insurance in the UK. Here are just some of the reasons to come to us for your Agreed Value policy:
- Knowledge: All of our team are highly trained, with plenty of expertise in all things motoring and insurance. You won’t have to deal with any call centres either.
- Integrity: Our staff will always put your best interests first – they don’t make any commission from sales of Agreed Value Car Insurance.
- Responsibility: We're an appointed representative of Alternative Propositions Ltd, which is authorised and regulated by the Financial Conduct Authority.
Why choose Direct Gap as your Gap Insurance provider?
So, you’ve purchased your new car and you’re seeking a robust gap insurance policy at a reasonable cost.
Here are just some of the many reasons why Direct Gap will let you DRIVE with peace-of-mind.
Trusted Since 2009
Since 2009, we’ve helped more than 160,000 customers protect vehicles worth over £4 billion.
With an average rating of 4.9 out of 5 from more than 14,000 reviews across Google, Feefo and Trustpilot, we’ve built a reputation for dependable cover and consistently excellent customer service.
Regulated Insurance Products
We only offer regulated insurance products, giving our customers important safeguards and peace of mind.
We’re authorised and regulated by the Financial Conduct Authority. Our FCA authorisation number is 1050283.
Eligible customers can also refer complaints to the Financial Ombudsman Service and may benefit from Financial Services Compensation Scheme protection.
Your Interests First
Our team aren’t paid commission for selling policies, so there’s no incentive to recommend additional cover or a more expensive policy unnecessarily.
Instead, they’ll take the time to understand your circumstances, answer your questions honestly and give you the relevant information so you can choose cover that genuinely meets your needs.
Flexible Policy Options
Our policies are designed to adapt to real life rather than take a one-size-fits-all approach.
From different types and levels of protection to free vehicle transfers and the option to defer selected policies for up to a year, we give you the flexibility to choose cover that works around your circumstances.
Gap Insurance Experts
Our UK-based team consists of professionally trained specialists with extensive knowledge of cars, motor finance and Gap Insurance.
Whether you need help understanding your options, choosing suitable cover or managing an existing policy, you’ll speak to someone who knows the subject without being passed around a generic call centre.
See what our customers are saying about us
We’re rated 4.9 out of 5 across Trustpilot, Feefo and Google, based on more than 14,000 reviews.
Frequently Asked Questions
What does ‘Agreed Value’ mean?
‘Agreed Value’ refers to the retail price of your vehicle on the day that you purchase this policy. We use Glass’s Guide to determine the market worth of your car, and your policy will cover the difference between that figure and the payout you receive from your motor insurer in the event of your vehicle being written off or stolen.
What is Agreed Value Car Insurance?
Agreed Value Insurance can provide priceless financial protection. If your car is declared a total loss, it covers the difference between the settlement from your motor insurance company and the retail price of your vehicle when you took out this policy.
How does Agreed Value Insurance work?
As an example, let’s say we agreed a value of £20,000 for your vehicle and you took out an Agreed Value Insurance policy.
After a couple of years, your vehicle is written off in an accident. By this point, its value has depreciated to £15,000. Your motor insurance company provides a settlement in line with its market value at that stage, rather than the £20,000 you initially paid.
That leaves you £5,000 out of pocket, but your Agreed Value Insurance covers that difference, so you don’t lose out.
Do I need Agreed Value Car Insurance?
Agreed Value Insurance isn’t a legal requirement like a standard motor policy. However, it could prove a sensible decision. Cars – especially new models – can depreciate quickly, and if something were to happen to your pride and joy then you could be left thousands of pounds out of pocket, even once you’ve received a settlement from your motor insurer. Our quotes start from just {{price}}, so we think it’s a small price to pay for that peace of mind.
What is total loss?
Only your insurer can declare the vehicle a total loss. Usually, this results from accidental damage, your fault or third-party fault, fire, theft or vandalism.
Total loss means that you have claimed under your motor insurance, your claim has been agreed, your vehicle has been forfeited (title of the vehicle transferred to the motor insurer) and a payment made following the incident.
Will my Agreed Value Car Insurance cover me if I’m at fault?
Yes, even if you are to blame for the accident that causes your car to be written off, you will still be protected by your Agreed Value Insurance.
Of course, as with any policy, there are exclusions that apply. These include driving under the influence of alcohol/non-prescription drugs or being involved in illegal activity. You can read the full terms and conditions in your policy wording
Can I get Agreed Value Insurance if I bought my car on finance?
Yes, you can take out Agreed Value Car Insurance for vehicles paid for on finance. However, if the outstanding finance balance exceeds the value that we have agreed upon, you will have to cover that difference from your own pocket.