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GAP insurance

Protect the value of your car

Why get GAP insurance through Wesleyan?

If your new car was damaged or written off in an accident, would your current car insurance cover all the costs? Get covered for any outstanding payments on your car’s finance agreement, plus a hire car for 28 days if you need it.

  • Great for new cars and nearly new cars
  • Cover for vehicles up to the value of £150,000
  • Select your claims limit between £5,000 and £50,000
  • If you sell your car without making a claim, you can switch your cover to a new car

How it works

When you’re driving away from the dealership in your new car, the last thing you want to think about is how it’ll depreciate in value. Unfortunately for most new car owners, your motor goes down in price the moment you get in the driver’s seat.

Because of that, regular car insurance may not cover you for the full ‘new’ value of your car.

GAP insurance protects the value of your car by covering any difference between your insurance pay out and either the amount you paid that appears on the dealers sales invoice, or the amount you have outstanding on your finance agreement, whichever is greater.

Wesleyan Financial Services is a broker, offering comprehensive GAP insurance provided by Sparta.

What's covered?

  • Maximum vehicle value up to £150,000 
  • The value of your vehicle will need to be agreed by Glasses Guide and confirmed by your insurer. You’ll then get a maximum benefit claim of £50,000.


  • Help when you’re without a car
  • We’ll provide a hire car for up to 28 days while you wait for the settlement of your motor insurance.


  • Contract hire and lease
  • However you purchased your vehicle, we’ll provide cover to make sure you’re always fully protected.


  • Transferrable to replacement vehicle
  • You can transfer your insurance to a new vehicle if you sell yours. As long as you haven’t made a claim for your current car.


  • 90 days cover in European Union
  • If you make a claim that happens overseas, you’ll be covered for up to 90 days a year.

What's not covered?

While GAP insurance is designed to add an extra level of cover to your car, it doesn’t insure you for everything. Here’s what GAP insurance doesn’t cover:

  • Cars over the value of £150,000
  • If you have a car worth more than £150,000, you won’t be covered under GAP insurance.


  • Non-dealer fitted parts or accessories
  • Only manufacturer approved parts fitted pre-purchase by the selling franchise dealership will be covered by the GAP policy.


  • Paying out more than the shortfall
  • GAP insurance is designed to cover the difference between your insurance payout and the full value of your car. It won’t pay out anything more.

Am I eligible for GAP insurance?

You can take out GAP insurance from Wesleyan Financial Services as long as:

  • You’ve purchased a policy within 180 days of taking ownership of a vehicle (from a VAT Registered Dealership or online car dealership). For vehicles falling outside this requirement an Agreed Value will apply. Only vehicles whose value is £7500 or greater at the time of purchase are eligible for GAP cover.
  • Your invoice selling price doesn’t exceed £150,000

Your vehicle won’t be covered if you use it for any of the following purposes:

  • Competitions or rallies, track days, racing, pace making, speed testing, reliability trials or off-road use
  • Carriage of goods or passengers for hire or reward or solely for delivery or courier purposes
  • Driving tuition (unless specifically agreed by the insurer)
  • Short-term self-drive hire

You’re not eligible for cover under this policy if your vehicle is:

  • A taxi, driving school vehicle, chauffeur or courier vehicle (other than where the insurer has specifically agreed to cover such vehicles at an additional premium)
  • A kit car, invalid carriage or a commercial vehicle in excess of 3,500kg gross vehicle weight
  • An American, Australian or Canadian vehicle which is not built for the UK market

Frequently asked questions

  • Can you buy GAP insurance after you purchase a car?
    Yes, you can buy GAP insurance after you purchase your car. As GAP insurance is designed to protect the value of your car as it depreciates, you may want to purchase your cover sooner rather than later. That way you’ll be able to protect your car’s value before it depreciates too much.
  • Do I need GAP insurance on a lease?
    While GAP insurance is optional and not a requirement, it can provide financial protection for a car you lease. If the car is severely damaged, written off or stolen during your lease, you’ll be responsible for the costs. If your standard car insurance pay-out isn’t enough to pay for a new replacement, GAP insurance can cover the difference.
  • Does GAP insurance cover trade in?

    If you’re looking to trade in your current car for a more expensive one, GAP insurance won’t cover you for any negative equity you have left on your car.

    However, you can transfer your insurance to a new car as long as you haven’t made a claim.

  • Is GAP insurance worth it?

    GAP insurance provides an extra level of protection for your vehicle. It’s best suited for cars that depreciate in value quickly, are purchased on finance or through a lease, or have a long loan repayment period.

    If you aren’t sure whether GAP insurance is right for you, you can have a chat with a member of the team on 0808 115 1868.

  • Will GAP insurance cover theft?
    Yes, GAP insurance works with your standard car insurance to cover you if your car is stolen.
  • How long does GAP insurance last?
    A standard GAP insurance policy will last anywhere from 60 months to five years or until you claim. You can extend or renew your policy if you need it longer.

Important information

GAP insurance is underwritten by Sparta. Limits, exclusions and charges do apply.

Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary. Risk must be acceptable to underwriters at normal term.

Before you apply for GAP Insurance, you might want to read these documents: