You've put in countless hours of research, eyed up every Audi that drove past you on the road and daydreamed about cruising in your very own Audi A3 down the motorway. You've imagined the feel of that steering wheel in your hands so vividly, it's practically etched in your mind.
Well, the moment has finally arrived. You've either purchased or signed the lease for your new Audi.
However, from the second you drive it out of the showroom, that beloved Audi of yours starts losing value. And that decline doesn't stop—it keeps on going year after year.
If your Audi gets written off, your insurance payout is based on what they believe the car is worth on the day - what they call the ‘Market value’. That figure might be substantially less than what you initially paid for the car.
That's specifically where MotorEasy GAP insurance helps - we can bridge the gap between what you paid for your Audi and what it's worth today according to your insurance company..
Why do I need Audi GAP Insurance?
The moment your shiny new Audi makes its exit from the showroom, it starts depreciating in value rapidly. The worst part is that the depreciation doesn't stop there; it keeps on rolling every year you own your car. To put it in pounds and pence, that stunning Audi A3 you paid £40,000 for yesterday might be shaking hands with £35,000 as it exits the showroom, taking a further dip to £28,000 after a year, £22,000 after two, and so on.
Now, fast forward three years, and let's say your Audi takes an unfortunate tumble – stolen or written off. Brace yourself for what the insurance company might offer: a mere £15,000. That's quite a gap from your initial £40,000 investment three years ago.
If you own the car, this means a substantial financial hit. It might leave you short of the deposit you need for your next car. And if you've gone the lease route, even if you don’t have the car anymore, you could still find yourself on the hook for outstanding payments, as the insurance payout falls short of what you owe.
Thankfully, with MotorEasy GAP insurance, you can relax, knowing you're covered.
Why MotorEasy for your Audi GAP policy?
MotorEasy GAP Insurance provides a clever solution to bridge the gap between the payout you'd receive and the cost of a brand-new, like-for-like replacement car. Instead of settling for the heavily depreciated market value, this coverage lets you reclaim the original cost of your vehicle.
The reality is that the moment you drive your beautiful new Audi out of the car showroom, its value starts its downward journey. It's no wonder that this kind of protection makes perfect sense to many drivers. It offers that reassuring peace of mind that a regular motor insurance policy can't quite match.
Sometimes, you have to consider the worst-case scenario, even if it's not something you want to dwell on for too long. The fact is, nearly half a million cars get written off in the UK every year, so taking extra steps to minimise your risk is a wise move.
If you're financing your car through a lease or a PCP arrangement, the argument for GAP cover becomes even more compelling. A write-off could otherwise leave you stuck with substantial debt.
MotorEasy GAP Insurance has your back for any car, as long as it's not older than 10 years or hasn't clocked more than 100,000 miles. It's your smart, hassle-free and budget-friendly route to wave goodbye to those worries and fully enjoy your Audi experience.
What does Audi GAP Insurance cover?
When it comes to your Audi Gap Insurance, your quote and coverage will be tailored to the type of Gap Insurance you opt for. At MotorEasy, we've got your back for typical write-offs caused by:
- Accidental damage
But that's just the beginning. We understand how important your Audi is and that's why we've stacked up several benefits when you choose our Gap Insurance:
- Access to a FREE MotorEasy account, granting you access to all your car's details, essential documents, timely reminders, and exclusive motoring deals.
- We'll cover up to £1000 in motor insurance excesses.
- Optional extras and accessories? Covered, as long as they're factory or dealer fitted.
- Planning a European road trip? We've got you sorted for up to 30 days.
- Plus, enjoy savings on MotorEasy maintenance and repairs.
For all the details on our benefits and what’s included, check out our GAP Insurance guide.
The importance of cover for car theft
While the thought of your treasured Audi being stolen and subsequently written off is hardly something you'd want to think about for too long, the stark reality is that car theft is an all-too-frequent occurrence in the UK.
The statistics paint a concerning picture as unfortunately, car theft is on the upswing. In the year 2017/18, a staggering 112,174 motor vehicles said an unscheduled goodbye to their owners in the UK. That's a sobering tally of 307 thefts every single day! What's even more disconcerting is that this figure marks a substantial increase compared to previous years and continues an alarming 50% surge in car theft since 2014.
With these disheartening numbers in mind, it's good to know that GAP insurance steps up to the plate to shield you from the financial blows of both accidental write-offs and the unfortunate event of your Audi being taken without consent.
How much does Audi GAP Insurance cost?
When it comes to Audi GAP Insurance, we've got your back with coverage customised to suit your Audi's age and model. Here at MotorEasy, we're all about saving you some money – up to a huge 75% in savings compared to buying from a dealer or lender. We don’t just stop there, we’re giving your Audi all the top-notch protection it truly deserves.
Our team of experts are here to ensure your Audi is in safe hands. So, with MotorEasy, you're not just saving big, you're also getting the peace of mind that comes with having a crew of professionals looking out for you and your car.
Getting the best Audi GAP Insurance quote is quick and easy. Our dedicated page gives you all the information you need and a quick and easy tool to get you a quote in a matter of seconds.