To get the best vehicle replacement insurance (VRI) policy you need to:

  • Work out what cover limits you need

  • Think about how long you want cover for

  • Compare as many quotes as possible

This comparison includes insurers that offer vehicle replacement insurance. You can use it to find the right policy for you at the cheapest price.

Here is more information on how GAP insurance works, and what different types of policy you can choose from.

What cover do you need?

To work out what cover you need, think out:

  • What cover limit you want: Work out how much you might need to claim to replace your car if it is written off. Some insurers cover up to 100,000.

  • How long you want cover for: Most vehicle replacement insurers offer policies for up to four or five years, but the longer the policy the more you will pay.

When you know what you need from your vehicle replacement GAP insurance, use this comparison to find the right policies.

How does vehicle replacement insurance work?

It covers the difference between the payout you get from your car insurer if your vehicle is written off, and the amount your car would cost to buy new today. It can pay out more than return to invoice GAP insurance because it allows for the rising cost of cars.

This means you should get enough money from your car and vehicle replacement insurance payouts to buy a brand new model of your car.

Vehicle replacement insurance FAQs

Q

Should I buy VRI from the dealership?

A

No, you should compare quotes online first because it is usually much cheaper when you buy direct from the insurer.

Q

Is VRI right for me?

A

It depends on how you bought your car, how much you paid and if you want a brand new replacement. Here is how to work out which is right for you.

Q

How much does VRI cost?

A

It depends on the make and model of your car, how much it costs to buy, what cover limit you need and how long you want a policy for.

Q

When can I claim on my VRI insurance policy?

A

You can only make a vehicle replacement insurance claim if your car has been declared a total loss (written off), by your car insurer first.

Q

Does VRI cover my car insurance excess?

A

Most policies will cover the excess you pay to your car insurer up to a set amount, for example 250.

Q

Can I get VRI if I bought my car on finance?

A

Yes, some policies are designed for cars bought on finance or lease. They will pay off anything you owe after your car insurance has paid out.

About our gap insurance comparison

Q

Who do we include in this comparison?

A

We include vehicle replacement insurance policies available from our panel of insurers and brokers. They are all regulated by the Financial Conduct Authority (FCA). Here is more information about how our website works.

Q

How do we make money from our comparison?

A

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.