Smart GAP Insurance

Smart has been parking in British cities since 1998, and a ForTwo still loses value the moment it leaves the forecourt. Smart GAP insurance, arranged by Insureworks and underwritten by specialist insurers, may help reduce the financial impact of that depreciation.

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Smart GAP Insurance Explained

May help protect the price you paid for your Smart, rather than what it is worth on the day of a claim.
Available on Smart cars up to ten years old, bought within the last 180 days, priced from £5,000.
Cash, PCP, hire purchase or lease. Cover may be arranged whichever route you took to the keys.
Smart city cars can fall below the £5,000 minimum invoice price, which makes them ineligible.

Smart Models Our Insurers Can Cover

Smart has been parking in British cities since 1998, and our insurers can offer Smart GAP insurance from the ForTwo and ForFour to the electric #1 and #3. Whether you paid in full, chose PCP, signed a lease agreement or found a used Smart with a few miles already behind it, 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 parking space. If you’re comparing Smart 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 a Smart GAP insurance quote to check what may be available.

One thing worth knowing before you start. The policy has a £5,000 minimum invoice price, and plenty of used Smart city cars sit below it. The newer electric models are comfortably above.

New

Used

Petrol

Electric

Lease

Smart ForTwo

The two-seat city car the brand is built on, bought for parking spaces other cars cannot use.

Smart ForFour

The four-seat version, for drivers who wanted the city car with somewhere to put passengers.

Smart Roadster

The low-volume two-seat sports car, now a used-market buy with a following of its own.

Smart #1, #3

Smart's fully electric SUVs, a considerable step up in size and price from the ForTwo.

Choose The Right Smart GAP Insurance For You

Whether your Smart is a brand-new #3 or a ForTwo that has already covered a few thousand miles, 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. Which policy suits you depends on how you bought the car.

New & Used

New, or a used city car?

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, priced from £5,000.

Petrol & Diesel

Small car, real depreciation.

GAP could help reduce the financial impact if an eligible vehicle is written off or stolen, subject to the policy terms and the claim limit shown in your schedule. Smart is rated non-prestige by the underwriter.

Lease & Contract Hire

Cover built around the agreement.

Contract Hire and Lease GAP is built around the settlement balance of the agreement rather than the invoice price, and it carries no electric vehicle price restriction. What it pays is set by the terms and the claim limit in your schedule.

Fully Electric

The electric #1 and #3.

GAP could help cover an eligible difference between your insurer's settlement and the original invoice price. On PCP and cash purchases, electric vehicles are covered up to a £50,000 price. Lease and contract hire have no such restriction.

Get a Smart GAP Insurance Quote

White Smart ForTwo parked on a city street outside a cafe

GAP Insurance for Smart

Smart has been parking in British cities since 1998, and whichever Smart ends up on your driveway, it shares one thing with every other car on the road: depreciation. A car bought new can be worth noticeably less within a year, and a standard motor policy pays the market value on the day of the claim rather than the price on the invoice. Smart GAP insurance is designed to help with that difference, subject to the terms, conditions, exclusions and limits of the policy, and to the claim limit shown in your schedule.

Black Smart ForTwo parked on a waterfront promenade

Why Use Insureworks To Arrange Smart GAP Insurance

Insureworks arranges Smart GAP cover underwritten by specialist insurers, and the eligibility rules sit on the page rather than buried in a document. Your Smart needs to be under ten years old, bought within the last 180 days, and invoiced between £5,000 and £125,000. That £5,000 floor rules out a fair number of used city cars, and we would rather you knew before starting a quote than after. This page is information, not advice.

How Smart GAP Insurance Works

Your Smart is written off or stolen, and it is time to make a Smart GAP insurance claim on the policy.
Your motor insurer pays the market value, which is what the car is worth today rather than what you paid.
If your Smart GAP claim is accepted, GAP may top that up towards the agreed level, depending on the policy terms.
You get back on the road. The payout may help you replace the Smart or clear the outstanding finance agreement.

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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Smart GAP Insurance FAQs

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

No. The policy has a minimum invoice price of £5,000, and a number of used Smart city cars sell below that figure. If your Smart cost less, the standard product is not available. The newer electric models sit comfortably above the floor, so eligibility is rarely an issue there. Vehicles used as taxis, for driving lessons, hire, courier work, racing or off-road driving are also excluded.

GAP is not a legal requirement, but drivers often consider it when leasing. If a leased Smart is written off or stolen, there may still be an amount due under the finance agreement after your motor insurer has paid out. GAP may help cover some or all of that shortfall, depending on the policy terms. Lease agreements carry no electric vehicle price restriction.

No. Smart is rated non-prestige by the underwriter, which is the lower of the two pricing tiers, so a Smart costs less to cover than a car from a prestige make. Electric models are rated separately and carry the £50,000 vehicle price limit on PCP and cash purchases.

If your Smart 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 what you still owe on finance. What applies to you is set by the policy terms and the claim limit shown in your schedule, so both are worth reading before you buy. If your motor insurer does not settle the claim, the GAP policy will not pay out either.