Seat Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
Owned by Volkswagen’s Audi group, Seat forms part of one of the largest car manufacturing consortiums in Europe. It produces an impressive line-up, ranging from city runarounds to practical MPVs like the Alhambra, all the way up to the much-lauded Cupra range. This solid heritage makes Seat a desirable and valuable brand.
Unfortunately, even a high-class model like a Seat is not immune to accidents or fire damage, and their quality can sometimes make them a target for thieves. If something like that happens to your vehicle and it’s declared a total loss, you’ll likely be left with a settlement in line with its current market value. But what if you paid much more than that for the car in the first place? You could stand to lose out financially, which is where Guaranteed Asset Protection (GAP) insurance comes in.
Let’s say that you purchased a new Ibiza for £16,000, and after a few years its worth had depreciated to £10,000. If you were to then have an accident where the vehicle was written off, your insurers would offer a settlement equal to its market value at that time, and you could be left £6,000 out of pocket. However, a Seat gap insurance policy means you would be covered for that difference; we believe it’s an investment worth making just in case.
Why choose Direct Gap to protect your Seat?
What is Seat Gap Insurance?
Seat gap insurance is designed to bridge the difference between what you originally paid for your car and what insurers will pay out in the event of it being declared a total loss. And if you have a finance or lease agreement, it covers circumstances where the settlement is not enough to cover the outstanding amount, which means you won’t be forced to pay money for a car that is no longer driveable. Seat gap insurance offers peace of mind that whatever happens, you will not be left out of pocket.
For further information, check out our detailed guide to gap insurance.
Get a Seat Gap Insurance quote today.
How does Seat Gap Insurance work?
If you buy a Seat 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 Seat gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Seat Gap Insurance quote today.
Seat 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 Seat
It’s not only Seat 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.
Seat Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Seat: FAQs, Statistics & General Information
Seat Depreciation
Like most car brands on the market, Seats 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 Seat 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 Seat
There are three common types of GAP Insurance available for most cars, including Seat. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Seat 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.