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Peugeot Gap Insurance

An unmistakably French brand with a historic background in bicycles and motor racing, Peugeot first made its mark on the road car market in the early 20th century and quickly established itself as a manufacturer with a knack for compact, affordable cars. Significant early models like the 201 helped the company thrive while other automakers collapsed during the economic downturn of the 1920s. This burgeoning reputation for smart, accessible design has never deserted Peugeot and its most successful cars – the 104, 205 and 309 stand out – have fulfilled the same brief.

Today’s range includes compact, economically competitive models like the 108 and 208 but expands the remit to include classy SUVs like the 3008 and the Rifter, a substantial but stylish people carrier.

 

Why do I need Peugeot GAP insurance?

You may think that your Peugeot is fully insured but it’s wise to consider the limits of your cover. Would you be able to replace your Peugeot in the event of a write-off or theft?

Take a closer look at your existing cover and you’ll probably find that a payout in such circumstances would be based on the current market value of your car, a stipulation that’s likely to prove problematic if you want to replace your car with a new like-for-like model.

Depreciation means that your Peugeot is almost certain to have diminished in value when you come to make a claim. In fact, new cars invariably start to plummet in value the moment you buy them. Just three years later most cars have diminished in value by 60%.

So, if you need to make a claim three years after you bought your Peugeot, you’re probably looking at a payout that’s 60% short of the price you originally paid. If you purchased a Peugeot 308 for £30,000 there’s a good chance that, three years later, your insurance payout would be just £12,000, leaving you with £18,000 to find if you want to purchase a new like-for-like replacement.

 

What do I get with MotorEasy?

GAP Insurance gives you extra peace of mind, ensuring you won’t have to find a large sum of money just to replace your car by bridging the difference between the original cost of your vehicle and a disappointing payout based on its heavily depreciated market value.

Consider that a car’s market value begins to depreciate the moment you drive it off the dealership forecourt and it makes sense to safeguard the original value of your investment with a MotorEasy GAP insurance policy.

GAP Insurance makes extra sense if you’re paying for your car with a leasing arrangement or PCP financing, which could leave you exposed to considerable debt in the event of a write-off. 

Available for all cars up to 8 years old (or with up to 80,000 miles on the clock), MotorEasy GAP Insurance offers a smart, easy and affordable way to remove the risks associated with standard insurance policies and enjoy your Peugeot, safe in the knowledge that it’s comprehensively protected.

 

Car Theft

GAP insurance is a great way to protect yourself against the risk of writing-off your car, an unfortunate event that could leave you short changed if you want to buy a like-for-like replacement. But what is a write-off and is it something you need to worry about?

Sadly, write-offs are more common than you might think. Indeed, over 500,000 cars are written off every year. Very often write-offs are the result of accidental damage but MotorEasy GAP insurance also covers you against car theft, which accounts for a large number of write-offs every year. Indeed, statistics show that the threat of car theft is on the rise. 112,174 motor vehicles were stolen in the UK in 2017/18, which the equivalent of 307 every day. Sadly, that figure also represents a significant increase on previous years and the continuation of a 50% leap in car theft over the last five years. Car theft is an increasing problem, so it makes sense to ensure you and your vehicle are properly protected.

 

Getting your Peugeot GAP Insurance quote

Obtaining your MotorEasy Peugeot GAP Insurance quote couldn't be more straightforward. Head to our GAP Insurance page for all the information you need, as well as access to our handy tool that gets you a GAP insurance quote in just seconds. 

Get a GAP Insurance quote