Motorbike Gap Insurance
Motorbike Gap Insurance

We’re partnered with GAPInsure.com to help you get motorbike GAP Insurance.

GAPInsure.com specialises in motorbike GAP insurance throughout the UK, providing flexible monthly payment options via direct debit for your convenience.

Their motorbike GAP insurance effectively covers the financial shortfall between the payout from your insurer in the event of theft or a total loss and the original purchase price or outstanding finance amount. This ensures you have peace of mind and financial security.

Supported by Arch Insurance, GAPInsure.com boasts an excellent Trustpilot rating, highlighting their unwavering commitment to customer satisfaction and reliability.

Choose GAPInsure.com for trustworthy motorbike GAP insurance protection, a seamless process, and the confidence that comes from safeguarding your motorcycle investment.

Why use GAPInsure.com

Motorbike Gap Insurance

Fast, Simple and Secure

You can conveniently set up a gap insurance policy online in just a couple of minutes!  It’s as simple as a few clicks!

Motorcycle Gap Insurance

Pay Monthly by Direct Debit

Monthly payments of the same amount can be made via Direct Debit throughout the entire duration of the policy.

GAPInsure.com

5 Star Customer Service

GAPInsure.com take pride in their customer service, which has been recognized with a 5-star rating on Google. 

GAPInsure.com Reviews

“A simple easy experience that met all my needs.
From start to finish 5 minutes to use the website and get gap insurance for my vehicle.”

Stars

Alun Cleaver (Feb 2024)

“Great service, explained everything to me and was really helpful. Great prices too. Highly recommend this company.”

Stars

Julie (Feb 2024)

Trustpilot

Motorcycle GAP Insurance FAQ

Motorbike GAP insurance, or Guaranteed Asset Protection insurance, is a type of coverage designed to protect motorbike owners from financial loss in the event of a total loss. It covers the difference between the payout from your standard insurance and the remaining balance on any finance agreements, ensuring that you are not left with an outstanding debt.

If your motorbike is stolen or written off in an accident, your standard insurance will typically compensate you based on the current market value of the bike, which may be significantly less than what you originally paid or what you still owe. Motorbike GAP insurance protects you from this financial shortfall, providing peace of mind.

Motorbike GAP insurance is beneficial for any motorbike owner, including those who finance their motorcycles or lease them. It is particularly useful for new riders, owners of used bikes, and those with classic or electric motorcycles, as it provides essential financial protection regardless of the bike’s age or type.

The cost of motorbike GAP insurance varies depending on factors such as the value of your bike, the type of coverage you choose, and the insurance provider. On average, premiums can range from a few hundred to several hundred pounds per year. It’s advisable to compare quotes from different providers to find an affordable option.

Yes, you can obtain motorbike GAP insurance for used motorcycles. This type of coverage is especially important as used bikes can depreciate quickly, and GAP insurance ensures that you are financially protected in the event of a total loss.

To make a claim on your motorbike GAP insurance policy, you should notify your provider as soon as your motorcycle is declared a total loss. You will need to provide documentation, including the payout amount from your standard insurance and details of any outstanding finance. Your provider will then assess your claim and cover the financial gap according to your policy terms.

What is Motorbike GAP Insurance?

Motorbike GAP insurance, or Guaranteed Asset Protection insurance, is an essential type of coverage designed specifically for motorbike owners. This insurance safeguards you from the financial shortfall that may arise between the market value of your motorbike at the time of a total loss and the outstanding balance on any finance agreements. Whether you own a motorcycle, a classic bike, or an electric motorbike, GAP insurance provides critical protection against depreciation and unforeseen circumstances.

Understanding the Importance of Motorbike GAP Insurance

When you purchase a motorbike, it typically depreciates in value over time. In the unfortunate event that your bike is declared a total loss—due to theft, an accident, or severe damage—your standard motorcycle insurance will generally pay out based on the bike’s current market value. This amount is often significantly lower than what you originally paid or what you still owe on any finance agreements, leaving you with a potential financial deficit.

For example, if you finance a motorbike for a certain amount, its value may decline quickly, especially in the first few years of ownership. If your bike is involved in an accident shortly after purchase, the payout from your standard insurance may not cover the remaining balance on your loan. This is where motorbike GAP insurance becomes crucial, as it bridges the financial gap, ensuring that you are not left with an outstanding balance.


Types of Motorbike GAP Insurance

Motorbike GAP insurance comes in various forms to cater to the specific needs of different riders:

  1. Standard Motorbike GAP Insurance: This coverage is designed to protect the difference between the amount your standard insurance pays out and the remaining balance on your bike loan. It’s essential for those who have financed their motorcycle.

  2. Motorcycle GAP Insurance for Used Bikes: This type of insurance is particularly important for owners of second-hand motorcycles. As used bikes can also experience rapid depreciation, having GAP insurance ensures that you are financially protected in the event of a total loss.

  3. Motorcycle GAP Insurance for Classic Bikes: Classic motorbike enthusiasts can benefit from specialised GAP insurance that accounts for the unique value of vintage motorcycles. This insurance helps to protect against the financial risks associated with owning classic vehicles.

  4. Motorbike GAP Insurance for Electric Bikes: With the growing popularity of electric motorcycles, specific GAP insurance options cater to these vehicles, ensuring that owners are protected from depreciation and financial loss.

  5. Motorbike GAP Insurance for Touring Bikes: Riders of touring motorcycles can also benefit from GAP insurance, which covers the financial gap in case of a total loss, allowing them to enjoy their rides with peace of mind.

  6. Motorbike GAP Insurance for First-Time Buyers: New riders entering the motorbike world can find tailored GAP insurance options that provide the necessary protection as they navigate their first motorcycle purchase.

  7. Motorbike GAP Insurance for Off-Road Bikes: Those who use their motorcycles for off-road adventures can also find specific GAP insurance coverage to protect against the risks associated with off-road riding.

  8. Motorbike GAP Insurance for Seasonal Riders: For riders who use their motorbikes seasonally, specialized policies can provide coverage that fits their usage patterns, ensuring protection during the riding season.


Benefits of Motorbike GAP Insurance

Investing in motorbike GAP insurance offers numerous advantages for motorcycle owners:

  • Financial Protection: The primary benefit of motorbike GAP insurance is the financial security it provides. In the event of a total loss, it ensures that any outstanding finance on your bike is covered, protecting you from unexpected financial burdens.
  • Peace of Mind: Knowing you have GAP insurance allows you to ride with confidence, as you are protected against potential losses that could arise from accidents, theft, or damage.
  • Flexible Coverage Options: With various types of motorbike GAP insurance available, you can choose a policy that fits your specific needs, whether you own a new bike, a classic motorcycle, or an electric model.
  • Affordability: Many riders are surprised to discover that cheap motorbike GAP insurance options exist that still offer comprehensive coverage. This makes it a financially sound investment for motorcycle owners.
  • Increased Resale Value: Having GAP insurance can enhance the appeal of your motorcycle to potential buyers. It assures them that the vehicle is protected, which can improve its resale value.

How to Get Motorbike GAP Insurance

Obtaining motorbike GAP insurance is a straightforward process. Here are the steps you can take to secure coverage:

  1. Assess Your Needs: Determine the level of coverage you require based on the value of your motorbike, the amount you owe on any loans, and how you plan to use the vehicle.

  2. Get Motorbike GAP Insurance Quotes: It is essential to compare motorbike GAP insurance quotes from different providers. Many companies offer online motorbike GAP insurance quotes, allowing you to easily evaluate your options.

  3. Compare Motorbike GAP Insurance Providers: Research various motorbike GAP insurance companies to find reputable providers. Look for companies known for their excellent customer service, competitive rates, and comprehensive policies.

  4. Understand Policy Terms: Before committing to a motorbike GAP insurance policy, carefully read the terms and conditions. Ensure you understand what is covered, any exclusions, and the process for making a claim.

  5. Purchase the Policy: Once you have selected a suitable policy, you can buy motorbike GAP insurance online or through an insurance broker. Be sure to keep a copy of the policy for your records.


Factors to Consider When Choosing Motorbike GAP Insurance

When selecting a motorbike GAP insurance policy, several important factors should influence your decision:

  • Cost of the Policy: Look for affordable motorbike GAP insurance options that still provide comprehensive coverage. Compare quotes from different providers to find the best deal for your budget.
  • Coverage Limits: Check the maximum payout of the policy in the event of a total loss. Ensure that it is sufficient to cover the difference between your loan balance and the market value of your motorbike.
  • Policy Duration: Consider how long you need the coverage. Some policies may cover you for the duration of your loan or lease, while others may have a shorter term.
  • Exclusions and Limitations: Be aware of any exclusions in the policy. Understanding what is not covered can help you avoid surprises when you need to make a claim.
  • Customer Reviews and Reputation: Research the reputation of the motorbike GAP insurance providers you are considering. Positive customer feedback and strong ratings can indicate a reliable and trustworthy company.

The Importance of Comparing Motorbike GAP Insurance

To find the best motorbike GAP insurance for your needs, it is crucial to compare different options. Each provider may offer varying levels of coverage, pricing, and customer service. By comparing motorbike GAP insurance policies, you can ensure you select the most suitable coverage at the best price.

Utilise online tools and resources to get motorbike GAP insurance quotes quickly. Many providers allow you to compare policies based on factors such as premium costs, coverage limits, and claims processes. This diligence can help you make an informed decision, ensuring that you are well protected.


Conclusion

Motorbike GAP insurance is an invaluable safeguard for motorcycle owners, providing essential financial protection against depreciation and potential losses. By covering the gap between your motorbike’s market value and the amount owed on any loans or leases, this insurance ensures that you are protected from unexpected financial burdens.

Whether you are purchasing a new motorcycle, financing a used bike, or looking for coverage for a classic or electric model, investing in comprehensive motorbike GAP insurance can provide peace of mind and financial security. By assessing your needs, comparing motorbike GAP insurance quotes, and understanding the available options, you can select the best policy to protect your investment and secure your financial future.

MotorHype is the UK’s leading online car selling website that advertises used cars for sale, motoring news, car shows and hosts an extensive car forum.

Subscribe to our newsletter

Subscribe to our newsletter

You can unsubscribe at any time. Read our privacy policy.

You can unsubscribe at any time. Read our privacy policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

MotorHype is a trading name of Hype Matrix Limited, 128 City Road, London, EC1V 2NX. All rights reserved.