Smart Car Gap Insurance
Buy 5* Rated Gap Insurance With A 30 Day Money Back Guarantee
Debuting in the USA in 2008, the Smart Car has always been big on city living. The idea behind it was that people needed a small, fuel-efficient and environmentally conscious vehicle that would be easy to park in small spaces. All without sacrificing great style and sensational drivability. Is your Smart Car the key to your fast-paced modern life? Then you won’t want to risk losing out – make sure you have the most comprehensive insurance around today.
If your vehicle is written off or stolen, most insurers will offer a settlement in line with its calculated market value, rather than equal to what you paid for it in the first place. When that happens, you can find yourself out of pocket or struggling to pay off a car you can’t use. But with Guaranteed Asset Protection (GAP) insurance, any such worries will be a thing of the past.
Why choose Direct Gap to protect your Smart Car?
What is Smart Car Gap Insurance?
A Smart gap insurance policy from Direct Gap will cover the difference between your insurer’s settlement and the original purchase price of your vehicle. Cars can depreciate in value quickly, especially new models, so sometimes this disparity can run to thousands of pounds. We want you to feel fully protected whenever you get behind the wheel, which is why we believe Smart gap insurance is worth it.
For further information, check out our detailed guide to gap insurance.
Get a Smart Car Gap Insurance quote today.
How does Smart Car Gap Insurance work?
If you buy a Smart Car 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 Smart Car gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Smart Car Gap Insurance quote today.
Smart Car Gap Insurance Reviews
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Additional cover for your Smart Car
It’s not only Smart Car 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.
Smart Car Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Smart Car: FAQs, Statistics & General Information
Smart Car Depreciation
Like most car brands on the market, Smart Cars 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 Smart Car 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 Smart Car
There are three common types of GAP Insurance available for most cars, including Smart Car. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Smart Car 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.