Costs, Quotes and Policies
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GAP insurance, or Guaranteed Asset Protection insurance , helps to protect you against a financial shortfall if your car is written off or stolen. There are four main types of GAP policies, Back to Invoice, Vehicle Replacement, Contract Hire and Agreed Value . Usually, when talking about GAP insurance, they refer to Back to Invoice (also called Return to Invoice) insurance. A Back to Invoice GAP policy can cover the difference between your comprehensive insurance payout and either the vehicle’s original purchase price or the outstanding vehicle finance, whichever is higher at the time of the total loss.
If you own a Ford car, you may want to consider GAP insurance. Ford cars, particularly Ford Fiestas and Ford Focuses, are 1st and 3rd, respectively, in the rankings for the most stolen cars in the UK (2022). Ford’s announcement that they will cease production of Ford Fiestas may further incentivise thieves to target this model for its now more valuable car parts.
If you have a new car, you will also want to pay attention to depreciation of its value. Some Ford models, such as the Focus or the Kuga, will lose market value quickly. If you suffer a total loss, your comprehensive insurance may only cover the car’s market value at the time of the total loss, leaving you to cover the depreciation.
If your Ford is stolen or written off, you can help mitigate your losses with GAP insurance. ALA Insurance offers four types: Back to Invoice Plus, Vehicle Replacement Plus, Contract Hire Plus and Agreed Value GAP.
Back to Invoice Plus – covers the difference between the car insurance payout and either the original invoice price of the vehicle or the outstanding finance, whichever is higher at the time.
Vehicle Replacement Plus – covers the difference between the car insurance payout and either, the cost of replacing the vehicle, new for old, or the amount owed to your finance provider, whichever is higher.
Contract Hire Plus – covers the difference between the motor insurance settlement and the amount owed to the leasing company and any outstanding rental payments. This policy is only available for car leasing GAP coverage.
Agreed Value GAP Insurance – covers the difference between the settlement from your motor insurer and the market value of the car when you purchased your GAP policy. This type of GAP insurance policy is available for cars bought from private sellers and for specific circumstances that exclude your car from the eligibility requirements of other policies.
Also, explore our other products for your Ford vehicle, such as Key Care, Tyre & Alloy Wheel Insurance and car insurance Excess Cover or Warranty .
Suitable for vehicles owned outright or on finance and for new and used vehicles up to 10 years old, delivered within the last 180 days, or 365 days where the car has been covered for new car replacement in the first 12 months.
Find out moreSuitable for vehicles owned outright or on finance and for new and used vehicles up to 7 years old, with fewer than 80,000 miles, delivered within the last 90 days.
Find out moreSuitable for new and used vehicles on contract hire, delivered within the last 365 days. Pays the difference between the comprehensive insurance settlement and the amount of outstanding rentals as well as any shortfall in the vehicle value.
Find out moreSuitable for used vehicles, our policy has no age or mileage restriction – so long as your vehicle’s value is obtainable on Glass’s Guide. Pays the difference between the comprehensive insurance settlement and the Glass’s Guide retail value at the time of the policy purchase. We would not look at the original purchase price of the vehicle on this policy.
Find Out MoreIn just a few simple steps you can get your Ford GAP Insurance quote.
Car Excess Insurance
Keycare
Scratch and Dent Insurance
Tyre & Alloy wheel Insurance
Short Term Motor Insurance
