Peugeot GAP Insurance
In May 2026 Peugeot cut list prices across its UK range. The E-3008 fell by around £9,000.
Good news if you were buying. Less good if you bought one the month before. When an insurer values a written-off car, it looks at what the same car sells for now, and lower new prices pull used values down with them. The gap between what you paid and what you get back grows.
Peugeot GAP insurance from MotorEasy closes that gap. It covers any Peugeot up to eight years old and under 100,000 miles, whether it is a new E-3008 on PCP, a 2008 Hybrid on a lease or a used 208 PureTech bought privately.
Quote online with your registration, or call 0800 131 0001 free.
How quickly does a Peugeot lose value?
It depends heavily on what powers it. Peugeot sells its range with up to four types of powertrain, and each one depreciates differently.
The Peugeot range at a glance
| Powertrain | Where you'll find it | What it means for GAP |
| PureTech petrol | 208 and 2008, plus older versions of the wider range | Lower prices, so smaller gaps in pounds. Values on earlier engines may be affected by known faults (see below) |
| Hybrid (48-volt mild hybrid petrol) | 208, 2008, 308, 408, 3008 and 5008 | The mainstream choice, and typically steadier than electric |
| Plug-in hybrid | 308, 408, 3008 and 5008 | Higher purchase prices, so a larger gap in pounds after a write-off |
| Electric (E- models) | E-208, E-2008, E-308, E-408, E-3008, E-5008 | The fastest depreciation and the biggest recent price cuts |
The 508 saloon and estate went off sale in the UK in December 2024, but plenty are still on the road and many are within our eight-year limit.
Electric Peugeots lose value fastest
What Car?'s residual value data put the E-208 Active 50kWh at £28,200 new and £9,125 after three years and 36,000 miles. That is 32% of the list price kept. It sits among the ten fastest-depreciating electric cars in their analysis.
What the gap looks like on a Peugeot
Illustrative figures only, to show the sums. Not a valuation.
| E-3008 on PCP, bought before the 2026 price cut, written off at 14 months | Used 2008 Hybrid from a dealer, written off at 5 months | |
| Price paid | £46,000 | £21,000 |
| Outstanding finance | £37,000 | None |
| Insurer's settlement | £29,500 | £17,500 |
| Shortfall against finance | £7,500 | None |
| Shortfall against price paid | £16,500 | £3,500 |
On the E-3008, Return to Invoice pays £16,500, the larger figure, up to the limit on your schedule. That settles the finance and leaves £9,000 towards your next car. Without it, you'd owe £7,500 on a car that no longer exists.
Is GAP insurance worth it for a Peugeot?
Short answer: on most new and nearly new Peugeots, yes. On an older petrol 208 you bought outright, probably not.
Likely to be worth it
• Any electric Peugeot, given the depreciation figures and the 2026 price cuts
• A plug-in hybrid 3008, 408 or 5008, where the price paid is high
• A Peugeot on PCP, HP or a lease, particularly in the first two years
Less likely to be worth it
• A five or six-year-old 208 or 2008 bought cheaply, where the shortfall would be modest
• A car you could replace from savings without borrowing
Is it required?
No. GAP is optional, whether you buy outright, on PCP or on a lease. A Peugeot retailer may offer it with the finance, but you can decline and buy it elsewhere.
Which type of GAP cover suits your Peugeot?
| Cover | Best for | What it pays |
| Return to Invoice | New or used Peugeots from a VAT-registered dealer, bought in the last six months, cash or finance | Your insurer's settlement topped up to the net invoice price, or to the finance settlement if that is higher |
| Return to Value | Peugeots bought privately, or owned for over six months | Your insurer's settlement topped up to the car's value when the policy started |
| Contract hire and lease | Leased Peugeots | Your insurer's settlement topped up to the early termination amount, plus up to £3,000 towards the initial rental |
Buying GAP through Peugeot's finance arm
Peugeot finance is provided by Stellantis Financial Services, and GAP may be offered alongside it at the point of sale. Some Stellantis agreements include a payment waiver as standard. That is not the same as GAP: check your paperwork to see what each product actually pays.
Before you sign
• Ask what the policy pays out on. Finance only, or the invoice price too?
• Ask for the claim limit. On an E-5008 or plug-in hybrid 3008, a low cap could leave a shortfall
• Check the term. It should match your PCP or lease
• Get a second quote. You have six months from collection to buy Return to Invoice from us
What MotorEasy Peugeot GAP insurance covers
Our cover is rated 5 stars by Defaqto. In plain terms:
Yes
• Write-offs caused by accidents, theft, fire or flood
• Factory and retailer-fitted extras, such as a panoramic roof or upgraded alloy wheels
• Your motor insurance excess, paid up to £500
• UK, Channel Islands, Isle of Man and European Economic Area driving
• £150 if your insurer pays more than market value and there's no gap to claim
No
• Losses without fully comprehensive motor insurance, or where you're offered a replacement car
• Thefts not reported to the police, or from an unlocked car or with the key inside
• Taxi, courier or emergency vehicle use, racing, competitions or off-roading
• Registration, road tax, number plates and dealer add-ons
How to make a claim
Key rule: speak to us before you accept anything from your motor insurer.
• Theft? Report it to the police and keep the reference number
• On finance? Ask Stellantis Financial Services, or your lender, for a settlement figure
• Your insurer confirms the car is a total loss and makes an offer
• You start the claim in your MotorEasy account under My Purchased Products, or on 0800 131 0001
Claims must be made within 60 days. We aim to pay within 24 hours of approval.
Get your Peugeot GAP insurance quote
Get a price in a couple of minutes with your registration, or call 0800 131 0001 free to talk through the right cover for your Peugeot.
Frequently Asked Questions
For a MotorEasy policy, call 0800 131 0001 for claims and questions.
Start the claim before you accept your motor insurer's settlement. With us, that means signing in to your MotorEasy account or calling 0800 131 0001, then sending the documents your policy lists. Report it within 60 days.
Usually, yes. The E-208 kept around 32% of its list price after three years in What Car?'s data, and the 2026 price cuts pushed values down further. Our electric car GAP insurance guide covers the points specific to EVs.
Yes, if it is under eight years old with fewer than 100,000 miles when the policy starts. The 508 went off sale in December 2024, so most will be on Return to Value unless bought from a dealer in the last six months.
It is not compulsory, but PCP is where GAP is most useful. Early in the agreement the amount you owe can exceed the car's market value. Our guide to GAP insurance for PCP cars explains why.
