Mitsubishi Gap Insurance

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Dating back more than a century, Mitsubishi was first meant to be a luxury vehicle for officials in its native Japan. The Mitsubishi mission has changed somewhat since 1917 – now everyone can enjoy the stylish elegance of these beautiful cars. With over 50 years of racing history, Mitsubishi values performance and style. Are you a fan of the reliable Lancer, or do you love your distinctive Outlander? Then be sure to protect your car with insurance for every situation.

Unfortunately, new cars can depreciate quickly, which can cause a potential headache for owners in the event of misfortune striking. Stressed about potential gaps in your existing insurance policy? Fear not – Mitsubishi Guaranteed Asset Protection (GAP) insurance provides you with the perfect safety net.

Mitsubishi Driving

Why choose Direct Gap to protect your Mitsubishi?

A-rated UK Underwriters
Covers new and used vehicles
Unlimited claim limits on vehicles up to £50,000
Covers insurance excess up to £1,000
Cover for all named drivers on your policy
No mileage restrictions
Deferred start date option for new vehicle purchases
Free policy amendments for registrations and addresses

What is Mitsubishi Gap Insurance?

If your vehicle is stolen or written off, Mitsubishi gap insurance will cover the difference between your settlement and the price originally paid for your car. So, no worries about only receiving the current market value and, if you’re on finance, you won’t be left paying off a Mitsubishi you can’t drive any longer. Keep yourself secure with Mitsubishi gap insurance so you can simply enjoy your luxury vehicle without concerns.

For further information, check out our detailed guide to gap insurance.

Get a Mitsubishi Gap Insurance quote today.

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Mitsubishi steering wheel
Mitsubishi SUV

How does Mitsubishi Gap Insurance work?

If you buy a Mitsubishi 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 Mitsubishi gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.

Get a Mitsubishi Gap Insurance quote today.

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Mitsubishi Gap Insurance Calculator

Length of ownership (years)
Vehicle value at risk without GAP insurance
Vehicle value covered by comprehensive insurance

Only £ would be covered by your comprehensive car insurance leaving a gap of £.

Mitsubishi: FAQs, Statistics & General Information

BMW General Information

BMW is the leading premium car brand in the UK and the second largest manufacturer overall, with a market share of around 5.8% to 6%.

Thanks to models like the ever-popular BMW 3 Series, they remain the leaders in luxury, ahead of Mercedes and Audi. In recent years, they've seen a shift towards EV models, with 1 in 4 BMWs now sold incorporating some sort of electric.

BMW Models

BMW offers a range of models, including petrol, diesel, hybrid and fully electric variants.

Their range includes the i, 1, 2, 3, 4, 5, 7 and 8 models, which are 'traditional' cars, with a further 'X' range offering crossover and SUV options. As well as this, BMW also has a 'Z' range, which typically encompasses their sports cars.

Over the years, popular models have included the 3 Series, a forerunner in the saloon market, as well as the 1 and 5 Series, offering hatchback and luxury cruiser options, respectively.

BMW Depreciation

Despite their reputation as one of the UK's leading premium brands, like most manufacturers, BMWs will suffer depreciation.

Typical deprecation levels are around 35% in three years. M2 models depreciate at a faster rate, losing between 40-50% in three to five years.

Try our free Car Depreciation Calculator for more information on model-specific depreciation and to estimate the value your BMW could lose.

BMW Gap Insurance Payout Examples

BMW 2 Series

Our customer purchased a BMW 218D for £9,290. Unfortunately, it was quickly written off, and their motor insurer paid out £9,640. Their gap insurance policy paid a difference of £1,000.

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.

BMW 118

Our customer bought a BMW 1 Series for £30,482. It depreciated by 18%, meaning their insurer paid out £25,034.

Their BMW gap insurance policy covered the shortfall: £4,948.

BMW Theft Statistics

Unfortunately, BMW is a popular target for thieves, with the brand often topping 'Most Stolen' lists and consistently being the second most stolen manufacturer on the market (behind Ford).

In 2025, over 5000 BMWs were stolen in the UK. The 3 Series, in particular, is a common target, with 1207 stolen in the UK in 2024 alone.

What Types Of Gap Insurance Are Suitable For BMW

There are three common types of GAP Insurance available for most cars, including BMW, which is most suitable, typically depends on your finance type, car ownership status and individual cover needs.

The main types of BMW 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.
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