MotorEasy, has revealed a continued rise in the average value of Guaranteed Asset Protection (GAP) claims.
To the end of September 2025, claims payouts were, on average, 37% higher than in 2024 and almost four times the 2021 average (373% higher).
The average payout in 2025 is £7,630, up by 37% over last year, which in turn was up 96% on 2024 and 373% on 2021
“There has been an unparalleled increase in the average GAP claims value in the past four years,” said Duncan McClure Fisher, CEO of MotorEasy’s parent company, Intelligent Motoring.
“During the pandemic, used cars were in high demand as a result of supply chain chaos impacting on new car production. This in turn, saw used car values rise rapidly.
“However, fast forward to 2025 and new car supply has bounced back, resulting in used car values rapidly moving towards pre-pandemic levels.
“This has left significant numbers of people with cars worth considerably less than they paid for them.
“Although this may not appear to be an issue for many, it quickly becomes one if they have an accident or their car is stolen and they need to make an insurance claim.”
