Hyundai Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
The largest car manufacturer in South Korea and the country's second-biggest company after Samsung, Hyundai has gone from strength to strength in recent years. Since its foundation in 1966, the brand has become popular the world over thanks to its innovative designs and competitive prices.
Hyundai cars are famously reliable, but things can still go wrong. If you are involved in an accident, you might discover that your insurance won't cover you for the original cost of your vehicle. Cars depreciate in value, and most insurers will only reimburse you for its value at the time of a claim. This can leave you out of pocket to the tune of several thousand pounds. Luckily, there is an easy way to avoid this – by taking out Guaranteed Asset Protection (GAP) insurance.
Why choose Direct Gap to protect your Hyundai?
What is Hyundai Gap Insurance?
A Hyundai gap insurance policy will make up any shortfall between your car's original value and its worth at the time of a claim. It’s a specialist form of cover that offers priceless peace of mind whenever you get behind the wheel. Should the worst happen, and your vehicle is written off in an accident, or stolen, a Direct Gap policy will ensure you’re not left to take a significant financial hit. And if you’re paying for your car via monthly instalments, Hyundai finance gap insurance will cover any outstanding payments.
For further information, check out our detailed guide to gap insurance.
Get a Hyundai Gap Insurance quote today.
How does Hyundai Gap Insurance work?
If you buy a Hyundai 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 Hyundai gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Hyundai Gap Insurance quote today.
Hyundai Gap Insurance Reviews
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Additional cover for your Hyundai
It’s not only Hyundai 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.
Hyundai Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Hyundai: FAQs, Statistics & General Information
Hyundai Depreciation
Like most car brands on the market, Hyundais 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 Hyundai 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 Hyundai
There are three common types of GAP Insurance available for most cars, including Hyundai. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Hyundai 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.