Buy Car Gap Insurance
Buy Car Gap Insurance ?
What can an Easy Gap Car Gap Insurance do to help to protect you?
Why should you consider buying Car Gap Insurance?
With 30 million vehicles in the UK, and the majority of them being cars, these have generally one characteristic in common.........DEPRECIATION.
There is every chance your vehicle will lose value over your period of ownership, which I am sure does not come as a great surprise to you.
Car Gap Insurance can be used to protect several aspects of the depreciation should your vehicle be written off by your motor insurance company.
Typically a Car may lose 60% of its value from new, in the first 3 years of its life. Even by looking to buy a used vehicle, the car will not be immune to depreciation. This can create quite a shock should your vehicle be written off, and you realize how much your vehicle has lost in the time of your ownership.
Car Gap Insurance with EasyGap.co.uk
So what are your options for Car Gap Insurance from EasyGap.co.uk?
Well one of the best aspects of looking to a Gap Insurance broker such as ourselves, is that you have a large choice of protection for your vehicle. A typical motor dealer may only offer you a Return to Invoice type cover, or maybe a Finance Gap policy, however we can offer much more choice.
We know what you are going to say, what if you don't really understand Gap Insurance?
Which type of cover should you opt for?
We have a simple 'step by step' questionnaire when you click for a quote, which will eliminate types of cover which would not apply to you or as always why not call and speak to a member of the team on 0800 195 4926.
Lines are open Monday to Friday 9am-7pm and Saturday 10am-4pm. No one is commission based and instead our team are targeted by rates of customer service and not the number of policies provided.
Lets look at a few types of Car Gap Insurance, and outline what they may do to protect you.
Contract Hire Gap Insurance - If you have a Contract Hire or lease car, and you have no option to buy the vehicle the Contract Hire Gap is the only choice left open to you. This type of cover would protect between the car market value (this is what your motor insurance should cover), and the outstanding settlement on the lease agreement. So if your leasing company ask for outstanding rentals on top of the cars market value, then Contract Hire Gap Insurance can protect this.
This type of cover may be applicable for Personal Contract Hire or Business Contract Hire agreements.
If your car is financed through an agreement set up by the motor dealer, then this is likely to be a form of Hire Purchase agreement. In this case, you could look at a simple Finance Gap Insurance policy, which can protect between the vehicle market value, and the outstanding Finance settlement on your agreement. That is to say if there is a shortfall between the two amounts then Finance Gap can cover this amount.
Types of Hire Purchase styles that may be applicable would include standard hire purchase, personal contract purchase and lease purchase.
Your next option would be Return to Invoice Gap Insurance. This is the level of gap protection that is most commonly offered by motor dealers, and therefore is the easiest to compare. This type of cover will protect between the vehicle market value and the original invoice price you paid.
Finally you can consider Vehicle Replacement Insurance, which will protect between the old vehicle market value and the cost of replacing the vehicle with the model equivalent to the one you drove away from the showroom in. VRI is therefore designed to cover depreciation and inflation, and could be considered the top level of cover for retail purchases.
With prices for return to car gap insurance from under £39.00 inclusive of insurance premium tax can you afford not to protect your investment?
As with any insurance policy our car gap insurance policies will come with some exclusions. Most importantly you need to check that your vehicle qualifies and that you have fully comprehensive insurance.
We hope you can find the right EasyGap Gap Insurance for your needs and honestly do believe our choice of Car Gap Insurance from is unrivaled in the UK!
Return to invoice gap insurance is the most common level of gap insurance offered by main dealerships.
In short return to invoice gap insurance pays the difference between your cars valuation on the day it is written off and the original invoice price you paid. ( less your road tax which you can claim back from DVLA ) From this you can clear any finance you may have outstanding and the chunk in the middle the deposit and the equity you have is yours to do with as you see fit.
Remember that not all car gap insurance is the same so you will be pleased to know that our policies
Cover the cost of all non transferable warranties
Cover the cost of paint protection
Our policies do not limit the price you paid to any guide price.
Our policies pay £250 towards your own motor insurance excess.
Our policies are transferable
Our policies are fully cancellable with a pro rate refund
Our polices are deferrable for up to 12 months free of charge.
Our polices have many many more features and we guarantee to beat any quote so why not click or call and speak to a member of the team about your car gap insurance options.
Vehicle replacement insurance is very similar to return to invoice gap insurance but with one very distinct advantage and it relies on the fact that over a period of time car prices tend to increase.
This means that if you have taken a form of return to invoice gap insurance, made a claim and got your purchase price back this may not be any guarantee to be able to buy another car on a like for like basis on yours was on the day you collected it from the dealership. After all increases in manufacturing costs, labor, vat rate changes all means that car prices tend to rise year on year.
This is exactly where vehicle replacement car gap insurance can help as it would pay the difference between your cars valuation on the day it is written off and the amount you would need to spend to buy another vehicle the same age, mileage and conditions as yours was on the day the you drove it home from the dealership.
If that model is no longer available then settlement would be based on the superseding model.
This means that you can clear any finance if any and then the rest, the balance, the equity and now the inflationary increase in cost is yours to do with as you see fit.
Our normal policies features still apply however there is one important difference between our polices and 99.9 % of other car gap insurance supplier in that we will never try to find you a replacement car. You may want exactly the same car again, however tastes, lifestyles and trends change and you may not.
We think that it is really important that you should choose, after all it is your car gap insurance policy, car that what written off, your money and we think it should be your choice how and what you spend it on.
Finance gap insurance is the oldest and some say still the best form of gap insurance. Simply put it pays the difference between your cars valuation on the day t is written off and the amount you have outstanding on finance.
This means that instead of leaving yourself potentially paying for a car you no longer have your are now free to buy and car. Your policy will however not cover the cost of any late payment charges or arrears. However all of our policy features will apply so that means that we will still pay £250.00 towards the cost of your own motor insurance excess.
Please remember that this will mean that you are walking away with none of the deposit you originally paid or any equity you may have accrued while making your payments and that you may also want to consider forms of return to invoice gap and vehicle replacement gap insurance.
We are all very different and want different things and this means that the best level of gap insurance for me may not be for you. You may be looking for the best levels of cover or perhaps simply the best price? Either way you will be pleased to know that at Easy Gap we can help.
Are looking for the Best Car Gap Insurance Cover?
You will be pleased to know that our car gap insurance policies are not only feature rich with many added extras free of charge such as administration changes, accident management as well as being able to defer the start date but they are also full FSA regulated and backed by the financial service compensation scheme. Deferrable, Transferable, Cancelable and underwritten by a genuine UK heavyweight.
Perhaps you are looking for the Best Car Gap Insurance prices?
Don't worry we totally understand and real value for money is important. That is why we constantly monitor the gap insurance market to make sure that we only ever offer our best price first time every time. No gimmicks, no codes, no vouchers just real value for money. We are human and in the very unlikely event that you do find a cheaper quotation we guarantee to beat it. No fuss no drama.
After all we would never want to compromise on levels of Car Gap Insurance cover or value for money so why should you?
At Easy Gap we do not offer any, vouchers, no discounts codes or any form of gimmicks. Instead we monitor the car gap insurance market daily to ensure that you are only ever quoted the best price first time every and every time. In the very unlikely event that you do find a cheaper quotation we even guarantee to beat it.
When you are comparing levels of car gap insurance please remember that each supplier will have negotiated their own terms and conditions. We work really hard to make sure that our policies offer what we genuinely believe to be the most transparent and comprehensive feature rich, value for money in the UK today.
You can buy in complete confidence as all of our car gap insurance policies are
Fully FSA Regulated
All Car Gap Policies are underwritten by UK General on behalf of Ageas Insurance
All Policies are backed by the Financial Services Compensation Scheme
Gap Car Insurance for a Lease Vehicle
Choices for Gap Insurance for a new car
Choice of Gap Insurance for a used car
New car purchase tips
Car Finance Guide