MG GAP Insurance

Your MG still holds those classic British values, but it can’t do anything to stop depreciation creeping in. MG GAP insurance policies, arranged by Insureworks and underwritten by specialist insurers, may cover the shortfall if the worst happens.

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GAP Insurance Explained

Potentially protects your finances against the effects of depreciation.
Insureworks provides a straightforward online process for arranging GAP insurance.
Once a claim is accepted, settlement will be handled in line with the policy terms and the process set out by the insurer.
Tailored cover arranged by Insureworks that may help reduce the financial impact if your car is written off or stolen.

MG Models Our Insurers Can Cover

MG has gone from a badge people remembered fondly to one of the fastest-growing brands on British roads, largely on price and a long warranty. Our insurers can offer MG GAP insurance across the range, from the MG3 and ZS to the HS and the fully electric MG4 and MG5. Whether you paid in full, chose PCP, signed a lease agreement or bought used, we can help you compare cover.

GAP insurance doesn’t care if you’re leasing. We can still arrange cover. A write-off could leave you with more than an empty driveway. If you’re comparing MG GAP coverage lease options, our insurers may be able to help cover the shortfall between your motor insurance payout and the amount still due under your lease agreement. Get an MG GAP insurance quote to check what may be available for your MG.

No sign of your model below? We’ve picked out the names most familiar to UK drivers, but our insurers may cover plenty of others, subject to the policy terms and eligibility criteria.

New

Used

Petrol

Hybrids

Electric

MG3

The small hatchback that undercuts most of its rivals. First cars, city driving and sensible second cars.

MG ZS

The compact SUV doing much of MG’s volume, available as petrol, hybrid or fully electric.

MG HS

The larger family SUV, including plug-in hybrid versions worth checking before you quote.

MG4, MG5

MG’s fully electric hatchback and estate, subject to the electric vehicle price limit on PCP and cash purchases.

Choose The Right MG GAP Cover For You

Whether your MG is a brand-new ZS or an MG3 bought used, our insurance providers may have an RTI GAP option available. Following an accepted total-loss claim, it could help reduce the financial difference between your motor insurer’s settlement and the original invoice price, subject to the policy terms and claim limit.

The policy that may suit you depends on how you bought your MG and what you would like the cover to protect. The information below explains how GAP insurance could apply across different types of MG, while MG GAP insurance lease options may also be available for qualifying agreements.

New & Used MG GAP Coverage

New or used?

Depreciation affects new and used cars alike, so GAP could help protect the price you paid. Cover is available on vehicles up to ten years old, bought within the last 180 days and priced from £5,000.

Petrol

Petrol power

Petrol models lose value steadily, but the gap between what you paid and what your insurer settles can still be significant. GAP could help reduce that difference if an eligible vehicle is written off or stolen.

Hybrids

A bit of both

Hybrid and plug-in versions of the ZS and HS often cost more than the petrol equivalent, which means a larger shortfall to cover. GAP could help protect the eligible invoice price paid for the vehicle.

Fully Electric

Plugged in

Electric models lose value quickly, and the shortfall after a total loss can be larger than expected. On PCP and cash purchases, electric vehicles are covered up to a £50,000 vehicle price. Lease and contract hire have no such restriction.

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GAP Insurance for MG

MG is a name with genuine heritage, and there is something uniquely British about the brand. Over recent years, influenced by China, it has reinvented itself with a modern design. What’s not changed is depreciation.

As soon as you drive your MG for the first time, the value will start to drop. If the car is written off or stolen, your motor insurer will only pay the market value at that time. That can leave an unexpected gap between the payout and what you paid or still owe. MG GAP insurance may help cover that difference.

Why use InsureWorks to arrange MG GAP insurance

Don’t get caught out: Even the MG brand can’t defend itself against depreciation. The value will tumble straight away.
New and used: Whether you’ve opted for a brand-new MG or a second-hand deal, GAP may help reduce the financial shortfall if your car is written off or stolen.
Don’t lose to thieves: The classic British brand also appeals to thieves. If your car is stolen, GAP may cover the shortfall depending on the policy terms.
Straight to the point: The process is made easy, so you’re not left stressing. InsureWorks arranges simple cover that will actually help you when you need it.

How MG GAP insurance works

1. Your MG is written off or stolen, so it’s time to make an MG GAP insurance claim. It’s not something that anyone wants to think about when you’ve got a shiny new motor on the drive, but the risk is there. If it happens, you’ll be glad you’ve planned ahead.
2. Your motor insurer pays the market value. Standard motor insurance only pays what your MG is worth at the time of the claim, not what you originally paid. Due to depreciation, this could be significantly less.
3. If a claim is accepted, MG GAP Insurance may top this up to the agreed level. This may cover the shortfall, depending on the policy terms.
4. Hit the road again! No stress and certainly no nasty surprises. The potential payout may reduce the financial impact so you can look for another MG.

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.

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MG 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 MG 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.

If your MG 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.

If you’re considering MG 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.

Popular MG models include the MG3, ZS, HS, or MG4. A wide range of MG models are eligible for GAP insurance. Always check the policy terms and eligibility criteria. We can usually help you find cover for your car.

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