Lease GAP Insurance

Leasing is a smart way to drive the car of your dreams without tying yourself down for the long-term. But there's no escape from depreciation. If your car is written off or stolen, you could still be on the hook for thousands. Lease GAP insurance, arrange by Insureworks, may help cover the shortfall between your motor insurer's payout, and the amount left on your lease agreement.

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Lease GAP Insurance Benefits

Worry less: protect your finances if your leased car is written off or stolen
Stay calm: we make arranging your lease GAP insurance straightforward
Once a claim is accepted, settlement will be handled in line with the policy terms and the process described by the insurer.
Tailored cover arranged by Insureworks that may help reduce the financial impact if your car is written off or stolen.

Manufacturers We Can Arrange Lease GAP Insurance For

Our insurers can offer lease GAP insurance for a wide range of manufacturers, from everyday favourites to premium and luxury brands. Whether you’ve plunged for a brand new car, or been crafty with a second-hand deal, we can help you get cover.

Don’t stress if your make isn’t listed below. We’ve just highlighted some of the most popular. Our insurers can cover a wide range of leased vehicles, so be sure to get a quote.

New

Used

Hybrids

Electric

PCH

High-value

BMW

Driving a bit of iconic German engineering? From compact city cars to the mighty M Series, all BMW models are subject to depreciation from the moment they leave the forecourt.

Porsche

This is one of those brands that sit on your lock screen for years. They are highly desirable, but depreciation doesn't have the same respect.

Audi

Audi does everything well. But it can't defend against depreciation either. A gap can form between the market value and the remaining lease balance quickly.

Land Rover

Capable and sought-after SUVs that carry high original values, making the potential shortfall between an insurer's payout and your lease balance worth protecting against.

Mercedes

Stylish and prestigious models across a wide range, where the combination of high purchase prices and fast depreciation makes lease GAP cover worth considering.

And many more!

Don't stress if your car make isn't listed. We've just highlighted some of the most popular. Our insurers can cover a wide range of leased vehicles, so be sure to get a quote.

Choosing GAP Insurance for your leased car

Leasing a car is a great way to drive something you love without the long-term commitment of buying outright. But it does come with financial responsibilities that don’t just disappear if your car is written off or stolen.

That’s where lease GAP insurance comes in. Regardless of the following options, Insureworks can help arrange cover for you. The right GAP policy, arranged by Insureworks, may help cover that shortfall so you’re not left paying for a car you can no longer drive.

New & Used

New or used, same risk.

New cars lose value quickly, and second-hand deals can still have high risks. GAP may be able to provide a safety net.

Petrol & Diesel

Traditional motor still going strong!

From compact runarounds to bigger motorway cruisers, lease GAP cover may help soften the financial blow if your petrol or diesel is declared a total loss.

Hybrids

The best of both worlds!

Even those that mix fuel and electric power can depreciate quickly. Lease GAP cover may help protect against the financial shortfall if the worst happens.

Fully Electric

Zooming into the future

Electric vehicles can carry higher values, meaning a bigger potential gap. Lease GAP may help cover the difference if your EV is written off or stolen.

Get a Lease GAP Insurance Quote

Black BMW outside UK house in the sunshine

GAP Insurance for Leased Cars

Leasing a car can feel like the smart option. It’s the flexible option when it comes to motoring. You can drive something shiny and new, and then replace it with something shiny and new because there’s no long-term commitment. But it’s not all plain sailing. If you your leased car gets written off or stolen, then things can get messy fast. That’s where lease GAP insurance can step in.

If your lease car is declared a loss, then your standard car insurance will pay out. But there’s a snag. They will only pay out the current market value of the car. That’s usually a lot less compared to the amount you’re still contracted to pay on your lease.

Lease GAP insurance may be able to plug that hole. It may clear the outstanding balance on your lease agreement if your car is written off in an accident, stolen, flooded, or damaged beyond repair.

Black Range Rover Parked up outside the house

Why Use Insureworks to Arrange Lease GAP Insurance

Don’t get caught out: Your lease contract doesn’t just end when the car is written off. The outstanding balance remains yours to settle, which GAP cover may be able to bridge.
New and used: Lease GAP insurance is available for a range of cars, whether brand new off the forecourt or a quality used model.
Don’t pay for a car you can’t drive: If your vehicle is stolen or written off, you shouldn’t have to keep paying for it. GAP insurance may help prevent that situation.
No faff: We don’t mess around at Insureworks. As soon as the lights turn green, we get moving. Insureworks can arrange a quote quickly, without being unnecessarily complex. Get lease GAP insurance without the headache.

How Lease GAP Insurance Works

1. Your Leased Car is written off or stolen. It's a situation nobody likes to think about, but planning ahead may save a lot of frustration later on.
2. Your motor insurer pays the market value. This could be a lot less because of depreciation.
3. If a claim is accepted, Lease GAP insurance may top this up toward the remaining balance on your lease contract. This may help cover the shortfall between your motor insurer's payout and what you still owe, depending on the policy terms.
4. This may help reduce the financial impact of being left with an outstanding lease balance and no car to show for it.

GAP Insurance Expert

Nick Rinylo

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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My Porsche Taycan 4S GAP Insurance Claim

The Challenge In July 2023, I was involved in an accident that left my car a total write-off. The vehicle was just over 12 months old, and like most cars, it had already depreciated in value. The main insurer’s payout offer wouldn’t have even covered the outstanding finance. This would’ve left me with a nasty […]

Lease GAP Insurance FAQs

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

Yes, if your leased car is stolen and not recovered, your motor insurer will pay out its current market value. Lease GAP insurance may help cover the shortfall between that payout and the amount still outstanding on your lease contract, subject to your policy terms, limits and eligibility.

If your leased car is written off or stolen, your motor insurer will pay its current market value. That’s often less than the amount still outstanding on your lease contract. Lease GAP insurance may help cover that shortfall, subject to policy terms, limits and eligibility.

GAP insurance is not a legal requirement for leased cars in the United Kingdom. But many drivers consider GAP because it may cover the financial shortfall depending on your policy. If your car is declared a total loss, then you may still owe money on your lease agreement.

GAP is not a legal requirement, but some drivers often consider VW 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. GAP may help cover some or all of that shortfall, depending on the policy terms.

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