Citroen GAP Insurance
Perhaps best known for bringing an enjoyable sense playfulness to the affordable motoring market, Citroen is the brand that brought the world iconic if somewhat quirky cars like the 2CV and DS. The French brand has consistently shown that you can do populism and practicality without being boring.
Citroen’s knack for introducing a dash of French eccentricity to the mainstream, often with great commercial results, is still very much in evidence. The current range is brimming with unique design features, some of which are likely to divide opinion, and character. As ever Citroen’s pricing remains highly competitive. Look no further if you’re on a budget but fancy a car with personality and charm.
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Why do I need Citroen GAP insurance?
Put simply, Citroen GAP insurance is a great way to ensure that you aren’t caught short in the event of a write-off. No one likes to contemplate the worst-case scenario, but the facts are hard to ignore. Nearly half a million cars are written-off in the UK every year, so it makes sense to protect yourself accordingly.
You may be happy with your car insurance policy but there’s a very good chance it will come up short in the event that your car is written-off or stolen and you need to claim its full value.
Most insurers only pay out the current market value of a car in such circumstances, a sum that’s almost always well short of the price you’d have to pay for a new like-for-like replacement.
It’s therefore important to consider depreciation which, sadly, tends to kick in the moment your shiny new Citroen departs the showroom forecourt. After three years it’s likely that your car will have decreased in value by 60%, meaning the insurance payout on a three-year-old Citroen is likely to be around 60% less than the price you paid for it.
If you purchased a new Citroen C5 for £25,000, its value may have dropped to £10,000 three years later. Therefore, the insurance payout on a three-year-old Qashqai in the event of a write-off could be £15,000 less than the price you paid for it. That’s a lot of money to find just to buy a new replacement.
What do I get with MotorEasy?
If you want truly comprehensive cover MotorEasy GAP insurance offers you the protection you need. Essentially, GAP insurance covers the gap between a depreciation diminished payout and the price of a shiny new replacement car, ensuring you won’t need to find extra funds to replace your Citroen.
GAP cover makes even more 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 represents a smart, easy and affordable way to remove these risks and enjoy your Citroen.
Car Theft
GAP insurance comes into its own in the event of a write-off when, all too often, motorists find that their payout is significantly short of the sum needed to buy a like-for-like replacement. It makes sense to top-up your cover and ensure you’re fully protected. But how likely is a write-off? Is GAP insurance really necessary?
In fact, write-offs are more common than many imagine - over half a million cars are written off every year. Typically, 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. In fact, statistics show that car theft is on the rise.
112,174 motor vehicles were stolen in the UK in 2017/18, that’s the equivalent of 307 every day. Sadly, that figure also represents a significant increase on previous years and the continuation of a 50% jump in car theft over the last five years. Statistics show that car theft is on the up, so it makes sense to ensure you’re properly protected.
Getting your Citroen GAP Insurance quote
Getting your MotorEasy Citroen GAP Insurance quote is quick and easy. Our GAP Insurance page gives you all the information you need and access to a quick and easy tool that gives you a MotorEasy GAP Insurance quote in a matter of seconds.
