Volvo XC40 Gap Insurance
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With a consciously pared-back design, minimalist interior and typical Volvo safety, the XC40 is a prime choice for any driver wanting a mini-SUV outside of the usual Audi, Mercedes and BMW picks. Driver technology and pioneering looks make the XC40 one of the most popular Volvo models on the road, with good residual values to match. Sadly, that doesn't mean they're totally immune from depreciation.
Despite the plethora of safety features Volvo pack into their cars, your XC40 could still be written off (whether through accident, fire or theft, for example), in which case, your insurer will pay the current market value, not the amount you paid or still owe. That means you could be left out of pocket, in some cases by £££'s.
With specialist Volvo XC40 Gap Insurance from Direct Gap, you can protect yourself against any shortfall. We'll pay the difference between your insurance settlement figure and the amount outstanding (or the amount you paid, depending on your policy), leaving you with total peace of mind.
Get a 5* Feefo-rated Gap Insurance quote online today and join thousands of happy customers driving with total peace of mind.
Why choose Direct Gap to protect your Volvo?
What is Volvo Gap Insurance?
Following a write-off, Volvo gap insurance covers any difference between your motor insurance settlement figure and the amount you paid for your vehicle, or any outstanding finance, depending on the policy you choose. Typically, the 'current market value' (the amount your insurer pays) is much lower than the vehicle's purchase or finance price, due to depreciation.
For further information, check out our detailed guide to gap insurance.
Get a Volvo Gap Insurance quote today.
How does Volvo Gap Insurance work?
The XC40 ranges between £36,000 and £48,000 depending on the model you choose, with newer electric models being the most expensive. That means that, even with basic depreciation levels, yours could lose upto £24,000 in just three years. If yours is declared a total loss (or write off), could you afford to make up that difference?
With a car being declared a total loss every 90 seconds in the UK, it’s no surprise that a growing number of drivers are choosing to protect themselves with Direct Gap.
Our specialist Volvo Gap Insurance pays the difference between your insurance settlement figure and the amount you still owe, with a commitment to settle your claim within 10 days. We cover all named drivers and there's no claim limits on vehicles up to £50K. Why not keep yourself protected with Direct Gap?
Get a Volvo Gap Insurance quote today.
Volvo Gap Insurance Reviews
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Additional cover for your Volvo XC40
It’s not only Volvo XC40 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.
Volvo Gap Insurance Calculator
Only £ would be covered by your comprehensive car insurance leaving a gap of £.
Volvo: FAQs, Statistics & General Information
Volvo Depreciation
Like most car brands on the market, Volvos 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 Volvo 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 Volvo
There are three common types of GAP Insurance available for most cars, including Volvo. Which is most suitable typically depends on your finance type, car ownership status and individual cover needs.
The main types of Volvo 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.