Honda Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
Known for its well-built, reliable cars, Honda is a world-class manufacturer. Founded in 1948 in Japan by Soichiro Honda and Takeo Fujisawa, it also became the biggest motorcycle brand in Japan as early as 1955. Today, it is an innovator in electric vehicles and is shaping the future of the car market. Iconic designs like the Civic and Accord are currently in their tenth generations and continue to evolve year on year.
Honda has become a popular choice for those looking to balance efficiency with style. But as with any car, misfortune can strike and when it does, there’s always the risk of your vehicle being declared a total loss. If that does happen, your motor insurer is likely to offer a settlement in line with the car’s current value, rather than equal to what you originally paid. That’s where Guaranteed Asset Protection (GAP) insurance offers an added degree of cover.
Why choose Direct Gap to protect your Honda?
What is Honda Gap Insurance?
If your insurer writes off your car, then Honda gap insurance covers the difference between your vehicle’s current and original value, ensuring you don’t lose out financially. Direct Gap offers a wide variety of policies for between 1-5 years to suit your every need. From settling the difference between your car’s value and the insurer’s offer, to paying any outstanding finance, you can choose the cover you require. We can even pay the difference between your insurer’s payment and the cost of replacing your car.
For further information, check out our detailed guide to gap insurance.
Get a Honda Gap Insurance quote today.
How does Honda Gap Insurance work?
If you buy a Honda for £40,000, it will depreciate over the time that you own it. Let’s say that a few years later, your car is stolen or written off – but by this point, its value has dropped to £25,000.
Your motor insurer will pay out in line with that value, which means you’ve lost out by £15,000. With Honda gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Honda Gap Insurance quote today.
Honda Gap Insurance Reviews
We’re rated 4.9 out of 5 across Trustpilot, Feefo and Google, based on more than 14,000 reviews.
Additional cover for your Honda
It’s not only Honda Gap Insurance that we offer. We can also provide protection for specific elements of your pride and joy, such as the bodywork, tyres and wheels.
Honda Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Honda: FAQs, Statistics & General Information
Honda Depreciation
Like most car brands on the market, Hondas will lose value over time, typically depreciating between 15-35% in year one, to 50% within three years of ownership (usually, regardless of whether you buy new or used).
Try our free Car Depreciation Calculator for more information on model-specific depreciation and to estimate the value your Honda could lose.
Gap Insurance Payout Examples
BMW 320 D
Our BMW gap insurance policy paid out £4,558 to a customer who initially bought their BMW 320D for £20,000. Following a total loss, their motor insurer offered a settlement figure of just £15,442; we covered the difference.
Ford Kuga
Our Ford gap insurance policy paid out £14,565 to a customer who initially bought their Ford Kuga for £36,168. Following a total loss, their motor insurer offered a settlement figure of just £22,053; we covered the difference.
Dacia Sandero Stepaway
Our customer wrote their Dacia Sandero Stepaway off and received a final settlement from their insurer of £15,390. This was much lower than their original purchase price of £18,644, following a 17% depreciation.
We paid the difference of £3,565 thanks to their Gap Insurance policy.
Audi Q2
Our customer bought their Audi Q2 for £30,245, which depreciated at a rate of 13%. When it was written off, their motor insurer paid a final settlement of £26,297.
With an Audi Gap Insurance policy, we covered the difference of £3,823.
What Types Of Gap Insurance Are Suitable For Honda
There are three common types of GAP Insurance available for most cars, including Honda. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Honda Gap Insurance we provide are:
- Lease & Contract Hire Gap Insurance: Lease & Contract Hire Gap Insurance pays the difference between your motor insurance settlement figure and the amount outstanding on your lease finance balance. This policy is suitable for lease or 'PCH' cars only.
- Return To Invoice Gap Insurance: Return To Invoice, or 'RTI' as it's also known, pays the difference between your motor insurance settlement figure and the original invoice price of your vehicle.
- Vehicle Replacement: Vehicle Replacement Insurance, or 'VRI' covers the difference between your motor insurance settlement and the cost of replacing your vehicle.