Subaru Gap Insurance
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Japanese giant Subaru was born in 1953 and has since become known as a provider of reliable and long-lasting vehicles. In fact, 96% of Subaru cars produced in the past 12 years can still be found on the road. Durable and incredibly resilient, your Subaru is built to see you through. So whether you choose a family-friendly Ascent or an adventurous Outback, you will want to be certain you have the most comprehensive insurance on the market.
If your vehicle is written off in an accident, stolen or falls victim to fire damage, then your insurers will likely offer a settlement in line with its value at that time, rather than the original purchase price. New cars can depreciate quickly, so that difference can run to many thousands of pounds, leaving you significantly out of pocket. That’s a situation nobody wants to be in, which is why taking out Guaranteed Asset Protection (GAP) insurance can prove a prudent decision.
Let’s say, for example, that you purchased a new Forester for £35,000 and its value over the next few years depreciated to £20,000. If your vehicle was then written off or stolen, you’d receive an insurance payout in line with its market worth at that time. That would leave you £15,000 down, something gap insurance could cover.
Why choose Direct Gap to protect your Subaru?
What is Subaru Gap Insurance?
Subaru gap insurance covers the difference between your insurer’s settlement figure and the amount you paid for your vehicle in the first place. It’s a specialist form of cover that offers an added level of protection and ensures you can take to the road with that all-important peace of mind. Whether you’ve purchased your car outright or via a finance agreement, Subaru gap insurance will cover that shortfall, so you won’t have to worry about owing money on a vehicle you can no longer use.
For further information, check out our detailed guide to gap insurance.
Get a Subaru Gap Insurance quote today.
How does Subaru Gap Insurance work?
If you buy a Subaru 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 Subaru gap insurance, you are covered for that difference between its purchase price and its value when it was declared a total loss.
Get a Subaru Gap Insurance quote today.
Subaru Gap Insurance Reviews
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Additional cover for your Subaru
It’s not only Subaru 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.
Subaru Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Subaru: FAQs, Statistics & General Information
Subaru Depreciation
Like most car brands on the market, Subarus 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 Subaru 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 Subaru
There are three common types of GAP Insurance available for most cars, including Subaru. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Subaru 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.