Mercedes Gap Insurance
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Few car manufacturers have a history as long and rich as Mercedes. For well over a century, the German company has been building its reputation as a creator of highly desirable luxury passenger cars. In 2018, it was the world's biggest producer of premium vehicles, selling 2.31 million models.
With their beautiful designs and iconic logos, Mercedes cars can attract the attention of thieves, and while you may be insured against theft, you can still end up seriously out of pocket. Most insurance policies will only pay out in line with the current value of your vehicle and because cars depreciate quickly, this is likely to be much less than what you originally paid. With a luxury car like a Mercedes, this difference can be many thousands of pounds and the best way to avoid this problem is by taking out Guaranteed Asset Protection (GAP) insurance.
Why choose Direct Gap to protect your Mercedes?
What is Mercedes Gap Insurance?
Mercedes gap insurance covers you for the difference between your car's purchase price and its value at the time of a claim – for example if it has been written off or stolen. This form of cover can prove priceless for all Mercedes owners, and we can help you save up to 75% on your Mercedes gap insurance.
For further information, check out our detailed guide to gap insurance.
Get a Mercedes Gap Insurance quote today.
How does Mercedes Gap Insurance work?
If you buy a Mercedes 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 Mercedes gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Mercedes Gap Insurance quote today.
Mercedes Gap Insurance Reviews
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Additional cover for your Mercedes
It’s not only Mercedes 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.
Mercedes Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Mercedes: FAQs, Statistics & General Information
Mercedes Depreciation
Like most car brands on the market, Mercedess 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 Mercedes 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 Mercedes
There are three common types of GAP Insurance available for most cars, including Mercedes. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Mercedes 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.