Should I still consider GAP cover if I paid cash for my vehicle?

Yes, even if you paid in full, GAP insurance can still offer valuable protection. In the event of a total loss, your motor insurer is likely to only cover the vehicle’s current market value, not the full amount you originally paid. That means you could lose a significant portion of the money you invested. GAP insurance helps protect that loss, so you're not left out of pocket and can purchase a replacement vehicle.

Planning to purchase with finance? See ‘Do I need GAP insurance if I bought my car on PCP?’