Author: Admin

When to choose RTI over VRI Gap Insurance

It is generally accepted that Return to Invoice and Vehicle Replacement styles of Gap Insurance are the most popular for new vehicles. Return to Invoice Gap will cover between the motor insurers settlement and the original purchase price shown on your sales invoice, whereas Vehicle Replacement will cover the cost to the equivalent replacement vehicle at the time of a claim. As the costs of vehicles generally increase, in the vast majority of cases it is fair to assume that a replacement vehicle may well be more expensive than the original price you paid for the vehicle. For this...

Read More

Top 5 tips on how to save on Gap Insurance

Doing some homework on the purchase of a new car is easy enough, and can save you plenty of time and money in the long run. However, the additional products like warranty, tyre insurance, paint and fabric treatments and, of course, Gap Insurance are not areas that consumers spend enough time considering. If you spend just a little time on this you could save yourself hundreds of pounds. So to help you along with Gap Insurance (something we hopefully know a thing or two about) we have complied our top five tips on how to save yourself money with...

Read More

Aequitas Automotive announce 60% rise with online Gap Insurance sales

Aequitas Automotive Ltd, the company behind leading Gap Insurance brands Easy Gap, Shortfall.co.uk and GapInsurance123 have announced a 60% increase in the volume of online Gap Insurance sales for the first 5 months of 2014, compared to the same period last year. Aequitas Automotive confirm 60% sales increase in 2014 This news comes in period that saw the FCA report on the general insurance ‘add on’ market suggested that consumers will be guided to compare the whole market in 2015, a move that motor dealers may not be too pleased about. If suggested changes are implemented then companies like Aequitas, and the other independents could see business improve even more over the next few years. So why the continued move for consumers to buy their Gap Insurance independently rather than from the motor dealers? Well there is little doubt that the huge disparity in premium prices are enough for many to dismiss any reason that the motor dealer may give to try to suggest that their policy is somehow better. The truth is that most of the online providers offer products that are least as good, and on many occasions vastly superior to the offerings of the motor dealers. This has been confirmed by the likes of the consumer champion Which? Consumers continue to move away from motor dealers for Gap Insurance However, pure human nature may now have...

Read More

Why is Gap Insurance so expensive in motor dealers?

It is a question that comes up time and time again. During the process of buying a new vehicle, your motor dealer provides you with a quote for Gap Insurance. Now you may have not even heard of Gap Insurance before, so you may take the usual step of researching it on the internet. This will lead you to one very clear conclusion, the prices charged by a typical Gap Insurance product is far cheaper than the premium your motor dealer may have quoted. In some cases the motor dealer Gap can be four or five times more expensive than the prices you can get on the internet. How can this be? Well before we get into those reasons, let is dispel on of the often given excuses by motor dealers in that ‘You have to be careful with online providers they often go bust, do not pay out, do not cover you for the same (take your pick). Total rubbish. A competitive independent Gap Insurance market The leading independent Gap Insurance brands in the market have been established for a number of years. They also share underwriting (remember it is the insurer who authorises your claim) with many of the leading products you may find in your car showroom. Whilst it may be true to say that many of the online brands may have started out as ‘one...

Read More

Why you should not put Gap Insurance on your finance agreement

When you buy a new car from a motor dealer it will often involve taking out a form of finance agreement to do so. Many of these are arranged through the motor dealer themselves, allowing for low and affordable monthly repayments for the vehicle purchase. Then comes the issue of additional products, such as paint protection, and of, course Gap Insurance. Now it can be a simple decision to put Gap Insurance into the amount of finance you are taking, as it may only be ‘another £10 a month’ but it really is not as simple as that. There...

Read More