BMW GAP Insurance

That kidney grille looks cooool on the driveway, but depreciation? Not so cool. BMW GAP insurance policies, arranged by Insureworks and underwritten by specialist insurers, may prevent a write-off taking the shine off your wallet.

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Depreciation’s sneaky. Here’s what it could cost you.

Say you paid £20,000 and have had the car for 3 years. If it’s lost 55% of its value, an insurer might pay about £9,000 after a write-off, leaving a gap of £11,000.

Figures are a rough guide, based on the car losing 55% of its value over 3 years. They’re not a valuation, or what any insurer will actually pay: that depends on your car, its condition and your policy. GAP cover terms, limits and exclusions apply.

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BMW GAP Insurance Benefits

Can protect your finances against depreciation pitfalls. The value of your BMW will start to drop as soon as you drive it for the first time. In layman's terms it's essentially BMW shortfall insurance.
Insureworks provides a straightforward online process for arranging BMW GAP insurance. This is the case for new and used BMWs.
Once a BMW shortfall insurance claim is accepted, settlement will be handled in line with the policy terms and the process described by the insurer.
Tailored BMW GAP coverage arranged by Insureworks that may help reduce the financial shortfall if your car is written off or stolen.

BMW Models Our Insurers Can Cover

From nippy BMW 1 Series hatchbacks to big X Series SUVs and fully electric i models, our insurers can offer GAP cover for a wide range of BMWs. Whether you’ve gone for a BMW as a practical school run option, or something to enjoy during long motorway drives, we can help you compare BMW GAP coverage that works for you. We also have lease BMW GAP insurance options available.

Depreciation on BMWs can vary massively between models and it also depends on various factors including the amount of miles you do. Insureworks can arrange BMW shortfall insurance for all variations. This includes the old-school petrol and diesel as well as the modern EVs. We can provide quotes for new and used BMW GAP insurance. Depreciation still hits those second-hand bargains.

Leasing a BMW can give you access to a newer model without buying the car outright, but the finance agreement does not disappear if the vehicle is written off. BMW lease GAP insurance, usually provided as Contract Hire GAP Insurance, may help cover an eligible shortfall between the motor insurer’s settlement and the remaining lease liability.

BMW is one of the most sought-after cars which unfortunately means many of these models are attractive to thieves. GAP can financially protect you against situations where your BMW is stolen and not recovered for all of the models listed. Don’t stress if your BMW isn’t listed; we’ve just mentioned the UK’s most popular BMW models. Our insurers can cover a wide range of cars.

New

Used

Petrol

Diesel

Hybrids

Electric

BMW 1 Series, 2 Series

Compact, sporty BMWs built for everyday driving, city trips and stylish insurance cover.

BMW 3 Series, 4 Series, 5 Series

Popular executive BMW models offering comfort, performance and everyday practicality for business or family driving.

BMW 7 Series, 8 Series

Luxury BMW models with premium interiors, powerful performance and cover for higher-value vehicles.

BMW X1, X2, X3

Compact and mid-size BMW SUVs, ideal for families, commuting and confident everyday driving.

BMW X4, X5, X6, X7

Larger BMW SUVs combining space, performance and premium features for family or executive use.

BMW i3, i4, i5, i7

Fully electric BMW models offering smooth performance, modern technology and cover for EV driving.

BMW iX1, iX2, iX3, iX

Electric BMW SUVs built for quiet, practical and future-facing driving with premium protection.

Choose The Right BMW GAP Coverage for You

Whether your BMW is fresh from the forecourt, new-to-you, fuel-powered, hybrid or fully electric, BMW GAP coverage can help reduce the financial sting if it’s written off or stolen. This is basically because cars love depreciating the second you start enjoying them. It’s super annoying, but one of those things that’s just inevitable when you’re on the road.

It’s not a legal requirement to get BMW GAP insurance in the UK, but some drivers find that GAP is worth it for them depending on their specific circumstances.

New & Used

New car smell or new-to-you smugness?

Whether you bought your BMW brand new or used, RTI GAP could help protect the price you paid.

Petrol & Diesel

Still enjoying the classic BMW drive?

From school-run 1 Series to “I definitely needed the bigger engine” 5 Series, petrol and diesel BMWs can still lose value quickly

Hybrids

A bit of fuel, a bit of electric, very sensible.

For when you want electric driving, petrol backup, and the quiet satisfaction of feeling practical.

Fully Electric

Pretending charging stops are relaxing.

Electric BMWs are smooth, smart and seriously impressive, until depreciation tries to unplug the fun.

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BMW X5 driving on an English road in sunny weahter

BMW is built on driving pleasure

If the worst happens, BMW GAP insurance arranged by Insureworks may cover the shortfall. From the nippy 1 Series to the mighty M5, each model blends engineering precision with unmistakable style.

But even BMW’s finest models can’t outrun depreciation as the value slides as soon as it leaves the forecourt. Depending on the type of policy selected, BMW shortfall insurance may keep your finances steady.

The BMW style is attractive to all car enthusiasts, which is probably why BMWs remain high on the thieves’ hit list. Think of it as BMW shortfall insurance because it can cover the financial shortfall when the worst happens.

Why choose BMW GAP insurance with Insureworks

Don’t get caught out: A written off or stolen BMW can echo louder in your bank account than it does on the tarmac. It’s not something people think about, but depreciation can hit hard.
New and used: Whether you’ve just driven away in a brand-new M4 or picked up a second-hand bargain, BMW shortfall insurance may help. Leasing instead? BMW lease GAP insurance is also available.
Don’t lose to thieves: BMW GAP insurance usually covers stolen cars as well.
Leased your BMW: There may be a GAP insurance option to suit how you got the car. BMW lease GAP insurance is available for eligible contract hire vehicles too.
Fast pace: Get a quote online from Insureworks without the confusing jargon. No fuss and a stress-free process.

How BMW GAP Insurance works

1. Your BMW is written off or stolen.
2. Your motor insurer pays the market value.
3. Make a GAP claim. Insureworks arranges the cover. The cover is underwritten by the insurer shown in the policy documents.
4. If a claim is accepted, BMW GAP insurance may top this up to the agreed level. This may cover the shortfall, depending on the policy terms.

GAP Insurance Expert

Nick Rinylo

Insureworks Ltd

We’ve poured our hearts into creating a selection of car GAP Insurance providers that offer transparent, tech-driven, and family-focused cover. We’re here to arrange protection for your finances and your peace of mind.

Silver Porsche Taycan Cross Turismo parked on an open road under daylight.

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GAP Insurance FAQs

We know you might have questions, here are the four we hear at Insureworks all the time.

GAP is not a legal requirement, but some drivers often consider BMW GAP insurance when leasing a car. If your leased car is written off or stolen, there may still be an amount due under your finance agreement after your motor insurer’s payout. Paying for a car that is sitting in the scrapyard is not usually an ideal scenario. BMW lease GAP insurance may help cover some or all of that shortfall, depending on the policy terms.

If your BMW is stolen or written off, GAP insurance may help cover some or all of the difference between your motor insurer’s payout and what you originally paid or still owe on finance. This is depending on the policy terms. Many BMW drivers find this element particularly worth it because several BMW models are highly sought after by thieves.

If you’re considering BMW GAP insurance, you may want to think about when the cover starts. This is because depreciation starts from the moment the car rolls off the forecourt. If your car is written off or stolen soon after purchase, there may still be a financial shortfall between your motor insurer’s payout and what you paid or still owe. GAP insurance may help cover some or all of that shortfall, depending on the policy terms.

From the everyday 1 Series and 3 Series or SUVs like the X3, X5 and X7, BMW have lots of options to choose from. A wide range of BMW models are eligible for BMW GAP coverage. Always check the policy terms and eligibility criteria. We can usually help you find cover for that dream car that’s been sitting on your lock screen for several years.

GAP policy documents

Not exactly a page-turner, we know. But a quick skim before you buy could save you grief later.

Documents

For your benefit and protection, please read the Insurance Product Information Document (IPID) and Policy Wording carefully to make sure the cover meets your needs.

Return to Invoice GAP Return to Invoice GAP IPID (PDF, opens in a new tab) Return to Invoice GAP Policy Wording (PDF, opens in a new tab)
Vehicle Replacement GAP Vehicle Replacement GAP IPID (PDF, opens in a new tab) Vehicle Replacement GAP Policy Wording (PDF, opens in a new tab)
Contract Hire GAP Contract Hire GAP IPID (PDF, opens in a new tab) Contract Hire GAP Policy Wording (PDF, opens in a new tab)
GAP Top Up GAP Top Up IPID (PDF, opens in a new tab) GAP Top Up Policy Wording (PDF, opens in a new tab)

Cancellation

Cooling-off period

14 days

Changed your mind? Cancel within 14 days for a full refund. No reason needed, as long as you haven’t made a claim.

First 30 days

A full refund, as long as you haven’t claimed.

After 30 days

A refund for the days left on your policy, minus a £35 admin fee. Not available if you’ve claimed.

GAP insurance is underwritten by Financial & Legal Insurance Company Limited, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Firm Reference Number 202915). It is administered by Nice 1 Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 650309). Claims are handled by AMS Insurance Services Ltd.