Peugeot GAP Insurance is vital when looking to protect your latest investment. 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 pay-out in such circumstances would be based on the current market value of your car. This is a stipulation that’s likely to prove problematic if you want to replace your car with a new like-for-like model.
How does depreciation affect my Peugeot car insurance?
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 pay-out 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 pay-out would be just £12,000. You would be left with £18,000 to find if you want to purchase a new like-for-like replacement.
What does Peugeot GAP Insurance with MotorEasy cover?
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. It closes the gap between the initial expense of your vehicle and a disappointing pay-out based on its heavily depreciated market value. You can learn more in our GAP Insurance guide.
At MotorEasy, our GAP Insurance covers accidental damage, fire, and car theft. It also makes extra sense if you’re paying for your car with a leasing arrangement or PCP financing. These could leave you exposed to considerable debt in the event of a write-off.
MotorEasy also offers exclusive benefits such as:
- Optional extras and accessories covered (where factory or dealer fitted)
- European road trips for up to 30 days covered
- Savings on MotorEasy maintenance and repairs
- FREE MotorEasy account with access to all your car’s details, documents, important reminders, and motoring offers
- Up to £1000 in motor insurance excesses covered
It’s available for all cars up to 8 years old (or with up to 70,000 miles on the clock).
MotorEasy GAP Insurance offers a better way to remove risks associated with standard insurance policies. Leaving you to enjoy your Peugeot, safe in the knowledge that it’s comprehensively protected.
How much does Peugeot GAP Insurance cost?
The cost of Peugeot GAP Insurance depends on the type of car and how old you are. With MotorEasy, it’s up to 75% cheaper than purchasing through a dealer or lender.
Get your GAP Insurance quote today
Getting the optimal GAP Insurance quote is incredibly easy. Visit our dedicated page for all the details you require, along with access to our convenient tool, providing you with a GAP Insurance quote in a matter of seconds.