- What is 5 Star Gap Insurance?
- Which Gap Insurance?
- Why buy Gap Insurance?
- Who can buy Gap Insurance?
- Why choose Easy Gap?
Easy Gap has recieved
a Defaqto 5 Star Rating for its Gap Insurance!
We all want real value for money but
the terms and conditions of your policy
have to be the ultimate acid test for any policy.
With this in mind Easy Gap has been independently assessed and rated by financial research and software company Defaqto as 5 Star.
After all you never really know how good a policy is until you need to make a claim and then it is too late to discover that your policy will not perform the way you thought it would.
Do no matter if you want to buy gap insurance, research the market or simply compare levels of cover you can buy easy gap insurance safe in the knowledge that our policies offer not only some of the best policies in the UK today but also have the back up to be able to perform.
Do you want to buy Gap Insurance?
Do you simply want a more competitive price?
Perhaps some help understanding your Gap Insurance options?
Why should you explore your Gap Insurance options?
Do you have to buy Gap Insurance ?
Gap Insurance is a supplementary insurance that runs along side your own fully comprehensive motor insurance and protects you financially when your vehicle is written off by your own insurance company.
Don't forget that vehicles lose value over time and this means that should your vehicle join the estimated 600,000 other vehicles written off in the UK each year the financial implications can be devastating. *Estimates taken from the Office of National Statistics.
Motor Trade experts estimate that the average vehicle can lose up to 50% of its original value within the first three years alone. Combine this with the fact that your own motor insurance company will only ever pay the valuation of your vehicle on the day it was written off and this means that you could be left thousands and thousands of pounds out of pocket.
You could be left having to dig deep into your savings or worse having to pay for a vehicle you no longer have.
Unlike car insurance which is a legal requirement gap insurance is totally your choice. This means that no dealership, finance house or online broker can ever make it a condition of sale.
After all insurance is all about the "risk". The chance of something happening and how that event will affect you financially. 
While no insurance can ever stop your vehicle from being stolen or written off it can protect you against the financial backlash.
It is more than likely that your dealership will have offered you a form of return to invoice gap insurance even though they may have called it something completely different.
GAP (or Guaranteed Asset Protection) has been around for a long time. Originally designed in the USA as a form of protection for customers who had bought forms of lease and contract hire vehicles the idea quickly spread across to the UK.
Like most things, our tastes, buying habits and vehicle choices are constantly changing and the world of Gap protection had to adjust. This gave birth to the current forms of protection which are now available.
Polices such as return to invoice, (RTI), and Vehicle Replacement Insurance now offer peace of mind for cash and finance customers alike with more features and added protection than ever before.
So why not explore the world of guaranteed asset protection and make real informed choices about which level of Gap Insurance is right for you?
Which type of Gap Insurance is best for you?
Before you buy online or consider a form of gap cover please take a few minutes to think about what you want your policy to do when you vehicle is written off. Making a claim is never nice!
No matter how hard we try something horrible will have just happened, either your vehicle has been stolen or worse you have been involved in an accident. We are here to support you through every step of the way and we think that it is really important that you understand how your policy will perform, who will get paid and when.
So what would you like to happen when your vehicle is written off, what is important to you?
Would you simply like your policy to pay the difference between your vehicles valuation and your outstanding finance or rentals ?
Perhaps you would prefer your policy to top up your own vehicles valuation back to the original invoice price your paid? From this you could clear outstanding finance if any and then the rest , the deposit and any equity is yours to do with as you see fit?
If you want complete cover then perhaps you should consider Vehicle Replacement Insurance? This is the latest as most comprehensive form of protection in that this policy would pay the difference between your vehicles valuation and the amount of money you would need to spend to buy another vehicle the same age, mileage and specification as yours was on the day you drove it home from the dealership.
Why not click for a quote or read more about the different levels of protection and how thy can help you?
There are several basic types of Easy Gap cover for you to choose from and all are available for your to buy online.
Finance Gap Cover, or Finance Shortfall Gap can cover the difference between your vehicle's market value, and the amount you have outstanding on the finance agreement.
Contract Hire Gap is similar to Finance Gap, but is specifically designed for Contract Hire or Lease vehicles.
RTI Gap Cover or Return to Invoice Insurance can cover the difference between the vehicle market value and the original invoice price you paid. This type of Guaranteed Asset Protection is the style often offered by your vehicle dealer. This can be a good form to consider if you only have paid a small deposit on the finance agreement.
VRI Gap Protection, or Vehicle Replacement Insurance can cover the difference between your vehicles valuation on the day it is written off and the cost of replacing the vehicle with an equivalent vehicle on a like for like basis, which is the same age, mileage, specification and condition as yours was on the day that you first drove it home from the dealership. If that model is no longer available then settlement is based on the superseding model.
Our Easy Gap Insurance standard cover is available for many types of vehicles, such as cars, vans, light commercial vehicles, motorbikes and motor homes .
We also offer specialist Easy Gap Insurance solutions for Driving School and Private Hire Taxi's. You can buy gap protection within 180 days of your vehicle purchase from a VAT registered dealer or internet broker.
Quite an array and selection of cover we know, but Easy Gap is a Gap Protection specialist. We are aware that 'one size fits all' is not necessarily the case when you purchase a vehicle, hence the variety and choice of cover.
This way we hope that you can find the Easy Gap Insurance policy to suit you and your circumstances.
Your vehicle is a depreciating asset!
This means that over a period of time it will go down in value. No matter how well you look after it or how well you maintain your vehicle it will fall in value as the years pass by.
We may not like it and you may not know it, but we all accept this as a fact of life after all no-one would expect to pay the same amount for a four year old vehicle as you would for a brand new model.
If your vehicle is written off your own motor insurance company is only liable to settle what ever your vehicle was worth on the day it was written off.
With average rates of depreciation this settlement can be as much as 50 % less than the original price you paid all those years ago.
This means that without any form of protection your insurance companies settlement is the only amount that you would have (without using savings) to clear any finance or replace your vehicle.
Gap Insurance is designed to protect you against this potential financial time bomb!
With more flexible levels of cover than ever before you can chose from levels of cover that simply protect your financial liability, invoice price or even inflationary increased costs.
As we have always advocated we want to be completely up front and fair in all we do so please remember that gap insurance is not legally required in the UK at the moment and as always it is your choice as which level of protection you choose if any.
Ultimately it is your vehicle, your money your choice and you who would have to deal with the financial implications.
Almost anyone who owns a vehicle which is under 10 years of age or 120,000 miles can chose to protect themselves with a form of Gap Insurance.
Our fully automated system is designed to highlight levels of cover that you could consider. Simply answer the questions and certain levels of cover will be eliminated based on how old your vehicle is, how you have paid for it and how long you have owned it for.
That said some of the most common eligibility points are listed below.
As always we would ask that you read your policy in full before you decide to buy any level of protection.
If you have any gap insurance questions please also remember that our offices are open Monday to Friday 9am-7pm and Saturday 10am-4pm.
So please call and a fully trained member of the team will be only too happy to answer any of your questions and discuss your gap insurance options.
Your vehicle must be listed in Glass Guide.
It must not be a grey import.
It can not be left hand drive.
We can not cover Kit Cars.
Unfortunately we can not cover vehicles used for rally, competition or stunt purposes.
We can not cover vehicles modified from the manufacturers specification (unless agreed by the Motor Insurer), used as a taxi or minicab (unless additional premium has been paid), emergency vehicles, heavy goods vehicles over 3,500 kg GVW, mini-buses over 19 seats.
Please note that mudflaps, mats dealer and factory fitted options are not classed as modifications.
To benefit from the higher levels of protection in most cases you will of had to of bought your vehicle within 180 days from a VAT registered dealership.
Outside this time frame or if you have bought your vehicle privately you will still be able to protect your vehicle with an Agreed Value Gap Policy. Instead of choosing between protecting your financial liability, invoice price or replacement cost your vehicle would be re-valued on the day that you buy the policy. This valuation would be based on 105% of the Glass's Guide Dealer Retail valuation for your vehicle.
We understand that this is not something that you will readily have access to so we would ask that you contact a member of the team on 0800 195 4926 who will be able to assist you further.
We are proud to be part of Aequitas Automotive Limited.
We are proud that Easy Gap Insurance has recevied a 5 star rating for our vehicle replacement, finance and contract hire and retuirn to invoice gap insuarcne policies.
Our company philosophy and ethos is based on our name sake "Aequitas" the God of
fair trade.
We are fair, open, transparent and honest in all we do. No gimmicks, no fuss just
genuine policies and real value for money.
Our company was started with one aim in mind - to offer what we consider to be genuinely the best policies directly to the general public and small business's in a safe environment at real market leading prices with absolutely no compromise. We take our company ethos very seriously and have structured our business to ensure that this has been done. From the underwriter to the administrators, security systems through to protecting your personal data, Easy Gap protects you every step of the way.
We are very proud that Easy Gap Insurance policies are underwritten by UK General on behalf of Ageas Insurance. This is an honor as they currently underwrite insurance polices for other house hold names such as Tesco's and Kwik Fit Insurance to name but a few for a full list of Ageas insurance policies please visit Ageas.co.uk. Their pedigree (formerly known as Fortis, their heritage can be traced back over 100 years), customer service record and reputation within the industry is unrivaled. They are based within the UK and as such are fully regulated by the FSA.
All of our policies are covered by the Financial Services Compensation Scheme (FSCS). This is to provide protection to customers who buy a product from a company who fail or become insolvent.
Aequitas Automotive Limited is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Services Authority (FSA Register number is 497010). Automotive Compliance Ltd.’s permitted business is to act as Principal for a network of Appointed Representatives who sell and arrange non-investment insurance contracts, acting on behalf of the insurer. You can check this on the FSA's Register by visiting the FSAwebsite www.fsa.gov.uk/register/ or by contacting the FSA on 0845 606 1234.”
You will be pleased to know that EasyGap.co.uk is secured by Verisign, this security on line system is in common with 97% of the worlds leading financial institutions. Verisign scan our site on a daily basis to ensure that it is clear of any security issues associated with the internet.
Aequitas Automotive Ltd is a member of the British Insurance Brokers Association (BIBA registration 006652). We are very proud to have been accepted to such a prestigious organisation, as the support and 'up to date' information it provides enables us to stay at the forefront of regulation and legal changes.
Aequitas Automotive Ltd are also a Registered Data Controller with the Information Commissioners Office (ICO Z2455374). Our customers can be assured we handle their sensitive data with systems complying with the latest UK rules and regulations.
We have taken this one stage further and have never and will never cold call or contact a customer unless they ask us to. None of your data is sold on, passed or given to any third party company or organisation for any marketing purposes.
We are also registered with the Office of Fair Trading and our consumer credit license number is 651686.
As you can see, Aequitas Automotive Ltd, trading as EasyGap.co.uk, takes your security and peace of mind as seriously as we take the quality of product we offer.
- Car Gap Insurance
- Van Gap Insurance
- Motor Home Gap Insurance
- Motorbike Gap Insurance
- Taxi Gap Insurance
- Driving School Gap Insurance
- Price Promise
What is Car Gap Insurance and what can it do for you?
Which Car Gap Insurance is best for you?
If you are reading this the chances are that your local dealership will have just offered you a gap insurance policy for your car. Nationally you are most likely to have just been offered a three year form of return to invoice cover for in the region of £395.
That said we do know of a manufacturer who regularly quotes over £700 and a finance house who quoted cover, when calculated out over the five years, with interest equates to over £1200.
So like most of us today you simply want more information about car gap insurance what is does and how it works so you have searched the internet. Car Gap Insurance is essentially just like any form of gap insurance in that it is designed to protect you financially when your vehicle is written off.
The beauty of shopping on line for your gap insurance is that you can now save up to 85 % in comparison to dealership prices with no dilution of cover. In fact as you are now in the driving seat you have even more flexibility on the length and type of cover you choose.
So how does car Gap Insurance work?
The easiest way to understand car gap insurance is to look at an example so lets see what happens when we buy one of the nation's favorites and a car not normally known for loosing value quickly. Lets look at a Volkswagen Golf.
According to What Car you will have paid in the region of £17295 for a base model 1.4 3 door TSI.
For the moment it really makes no difference how you paid, cash , finance , personal loan it really makes no difference.
So all is well and your are enjoying your Volkswagen, which is after all a fantastic car until one day your car skids on black ice. It is no-ones fault and thankfully no-one is hurt. Your Volkswagen has performed exactly as it should and has protected you and your passengers however in the process it has sustained damage and your own insurance company on review decide to write the car off.
Again according to What car your car will now be worth an estimated £7081 towards the end of the third year.
So what happens now?Well remember that you own insurance company are only liable to pay you what your car is worth on the day it was written off. This means that you now have just £7081 to clear any finance or replace your car.
You could re-finance any shortfall, you could dig very deep into any savings you may have, you could carry on making personal loan payments for a car you no longer have?
If you had taken a form of car Gap Insurance this financial worry could of been avoided. Depending upon the level of cover that you chose you could of either protected the financial shortfall, the invoice price you paid or even the replacement cost.
So why not click or call for a car Gap Insurance quote and see just how inexpensive and easy Gap Insurance can be!
What is Van Gap Insurance and why does it matter if you are VAT registered?
Van gap insurance is very similar to standard levels of protection. You can still chose from protecting yourself with form of finance gap insurance, return to invoice gap insurance or even vehicle replacement but there are two major additional factors that you need to consider.
In most cases in order to be able to take advantage of higher levels of van gap insurance your van will have to weigh no more than 3500 kg. This is because anything over this amount is not classed as a Light Commercial Van (LCV) and you will need specialist cover.
With this in mind please check your vans gross weight before you buy any level of protection.
You ill also need to be aware that if you are VAT registered and have already claimed back the VAT proportion of the Vans invoice price that this will be deducted from any settlement. This is because otherwise in theory you would be claiming back something that you did not pay and have already claimed back.
So please remember that if your van cost you £15,000 & vat and you claim the VAT element back any settlement will be made less the vat. If you are not VAT registered then naturally this will not apply.
As always why no click or call and speak to a member of the team about how easy protecting your van.
What is Motor Home Gap Insurance and with residual values unlike any other vehicle why should you consider protecting your motor home?
It is true motor homes depreciate unlike any other vehicle. The average vehicles depreciation rate can be up to 50% within the first three years alone however this is considerably lower when we are thinking about motor homes.The problem is that as they tend to be very expensive even a 25 % depreciation rate can amount to a huge sum of money. Don't forget that if you have bought a motor home it is not unreasonable to pay anywhere in excess of £25,000 to £50,000 in fact the sky is almost the limit.
Just like any form of gap insurance there will be terms and conditions but in particular your motor home must have started life as a motor home and been built for the UK market. it must also have been first registered in the UK and can not be a grey import. Please read your policy for full terms and conditions.
That said if you can choose to protect your motor home with varying degrees of cover from classic finance gap insurance, to return to invoice and vehicle replacement with claim limits up to a massive £50,000.
So if you have just bought a new motor home or a motor home new to you why not click or call and member of the team and explore your motor hoe gap insurance options.
What is Motorbike Gap insurance and why should you think about protecting your bike?
Motorbikes whether we like to admit it or not are just like any other vehicle. Over time they will lose value.
This means that should your motorcycle be written off and your own insurance company make settlement this could be thousands and thousands of pounds less than you originally paid.
Statistically you as a motorbike owner are also more likely to make a claim. This is not your fault it is simply just that bikes are a lot easier for criminal elements of society to target for theft. Also if your bike is involved in even a minor accident it is much more likely to sustain damage which will mean that it is written off.
So what does this really mean to you in cold hard money terms?
Lets say that you have just bought a new bike Diavel Ducati Carbon Red which according to Ducati UK would cost you in the region of £16495.
Two years later your bike is stolen and you insurance company pay you what you bike is worth on the day it was written off. Again using prices advertised by Ducati UK your bike is now worth in the region of £10250.
Without any form of motorbike gap insurance the £10250 is the only amount ( unless you want to use savings ) that you would have to be able to buy another bike or clear any outstanding finance.
Depending upon the level of motor bike gap insurance you had chosen you could of protected yourself against the difference between your bikes valuation on the day it was written off and either the amount outstanding on finance, the original invoice price you paid or even the replacement cost of a like for like bike which is the same age mileage and condition as your was on the day you picked it up from the dealership.
With a standard three year return to invoice gap insurance policy from as little as £68.00 is it really worth taking a gamble? Why not click or call and speak to a member of the team and explore your gap insurance options.
Taxi Gap Insurance is something that is relatively new and can mean you may struggle or at best be difficult to find. 
This is because most insurance companies feel that the risk to them is too high. So why is this?
To understand why you need to understand what gap insurance does and how it works.
The official term is that taxi gap insurance is there to protect you should your taxi or private hire car be written off. Don't forget that if your taxi joins the estimated 600,000 other vehicles written off in the UK each year your own insurance company will only ever pay you what your taxi is worth at that time.
With the usage and sheer mileage that taxi drivers can do this means that you car will be worth a lot less than Mr & Mrs Joe Average. The standard rates of depreciation the magic nearly 50% within the first three years alone are based on average mileage which is in the region of 12,000 to 15,000 per year.
We talk to some drivers who can clock up this mileage in a matter of months. This means that when you make a claim your own insurance company is paying a lot less and your taxi gap insurance policy is now paying the lions share.
Combine this with the fact that because of the length of time that you are on the road you are more like to be involved in an accident.
All this means that you are more likely to make a claim and when you do it will cost the insurance company a lot more than normal.
Ok so what does this really mean in cold hard money terms?
Lets say that you have just bought a Skoda Octavia to use as a private hire taxi. it is a 1.6 diesel estate and with the current VAT offers you paid just £13500.
Four years later your car is written off. It is no-ones fault and thankfully no one is hurt. Based on just 60,000 miles per year this means that your Octaiva is now worth just £4000.
Without any form of Taxi Gap insurance this is the only amount (without using savings) you have to clear any finance or buy another car. Don't forget time is of the essence as your Taxi is your mobile office and an essential toll of trade you need to be able to earn a living.
This is exactly where taxi gap insurance can help.
In fact depending upon the level of cover that you have chosen you could choose to protect the difference between your Taxi's valuation on the day it is written off and either
- The amount outstanding on finance
- The original invoice price you paid. ( from this you can clear any finance and the deposit and any equity you have is yours to do with as you see fit)
- The replacement cost of another car the same age, mileage and condition as yours was on the day that you picked it up. ( from this you can clear any finance and the deposit and any equity and now inflationary increased cost you have is yours to do with as you see fit)
So why not click or call 0800 195 4926 and speak to a member of the team and see just how easy and cheap taxi gap insurance can be.
Buying Driving School Gap Insurance may not be as straight forward as you may think! So why is this what is the difference whether you use your car for personal reasons or as a driving school?
The answer is simple the type of work you will do in you car and the sheer amount of miles your car will clock up means that you are more likely to make a claim and when you do it will cost the insurance company a lot more.
So why is this?
Well don't forget that the whole idea of gap insurance is that when you vehicle is written off it will pay the difference between your own motor insurance companies settlement and either the amount of money outstanding on finance, the original invoice price you paid or even the replacement cost, depending upon which level of cover you have chosen.
The problem is that your own motor insurance company are only liable to pay you what your car is worth on the day it was written off and as your car will have done considerably more miles than Mr & Mrs Average their settlement will be a lot less.
Now this is no bad thing after all you need to use your car in order to be able to give lessons and we know of some driving school instructors who can cover nearly 70,000 in one year alone. But this means that when you need to make a claim your car will be worth a lot less and in turn your own insurance company will have to pay a lot less. Your gap insurance policy will instead paying the lions share.
As you will spend more time on the road you are also statistically more likely to have an accident.
These two factors means that most standard gap insurance policies simply will not cover you or even more strangely they will not cover you if you are giving a lesson when your vehicle is written off.
The good news is that providing you select the driving school option from our drop down menu when you are building a quote our policy will. You can still enjoy of the benefits of feature rich cover and not be limited to specialist cover which may not include all the additional features.
So why not click or call 0800 195 4926 and speak to a member of the team about your driving school gap insurance options and make an informed choice.
After all it is your car, your money, your livelihood and you would will have to live with the financial consequences.
that our money works hard for us. We all want to know that we are getting real value for money and at Easy Gap we totally understand. After all while policy terms and conditions have to be the main criteria when comparing policies lets be completely frank price has to be as well.No - one has an unlimited bank account and every penny really can make a difference!
That is why we price check on a regular basis and monitor the gap insurance market to ensure that you are always quoted out best price 1st time each and every time.
No vouchers, no codes absolutely no gimmicks!
Just real value for money.
That said if you do find a cheaper gap insurance quotation we guarantee to beat it. No drama, no small print, no get out clauses, no gimmicks and no fuss, simply call 0800 195 4926 quote price match and speak to a member of the team.
We make a promise that you will not pay a penny more for our hand picked feature rich polices than you would from any of our competitors.
Our Gap insurance price promise does not affect your 30 day cooling off , cancelation or statutory rights.
