Mini Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
Originating in Great Britain, the compact and stylish Mini is the classic car everyone loves. Iconic and timeless, the Mini always puts you in mind of the Swinging Sixties and has been named Britain’s favourite car of all time. Nowadays, we choose the Mini for its stylish appearance, superior handling and steadfast reliability. Whether you choose a cute Cooper or a rugged Countryman, make sure your investment is fully protected.
Consider what might happen if your car is damaged or written off. Your insurance provider won’t meet the market value of your Mini as it was when you bought it. That’s where our Guaranteed Asset Protection (GAP) insurance can help.
Why choose Direct Gap to protect your Mini?
What is Mini Gap Insurance?
Mini gap insurance covers the difference between your motor insurer’s settlement and the original purchase price, so you won’t be left feeling cash-strapped and missing your vehicle. If the worst does happen and your car is stolen or written off in an accident, Mini gap insurance affords you that all-important peace of mind.
For further information, check out our detailed guide to gap insurance.
Get a Mini Gap Insurance quote today.
How does Mini Gap Insurance work?
If you buy a Mini 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 Mini gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Mini Gap Insurance quote today.
Mini Gap Insurance Reviews
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Additional cover for your Mini
It’s not only Mini 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.
Mini Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Mini: FAQs, Statistics & General Information
Mini Depreciation
Like most car brands on the market, Minis 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 Mini 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 Mini
There are three common types of GAP Insurance available for most cars, including Mini. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Mini 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.