If you are reading this you are probably just about to buy a Fiat and your dealership will have most likely offered you a standard 3 yr Fiat Gap Insurance policy and most likely quoted you in the region of £395.
If like most of us today you use the Internet on a regular basis you already know that it can be a very good way to carry out research and get different points of view.
Like the website name suggests we think gap insurance is a good way to protect yourself but there are alternatives to the standard 3year fiat gap insurance policy.
Did you know that the average length of ownership of a new vehicle is now 63 months. That is well over the standard three years cover provided by your Fiat gap insurance policy.
Yes the first three years of any vehicles life is the time when it will loose value the quickest but that does not mean that it simply stops loosing money in years 4 and 5. In fact after 4 and a half years long after your Fiat gap insurance has expired this gap is bigger than ever.
Let me show you what I mean.
Lets say that you have just bought a Fiat 500. According to what car a 1.2 sport S/S will cost approximately £11300.
All is well and three years later your fiat gap insurance policy expires.
Four and a half years later your car skids on black ice. no one is hurt but your fiat is written off. Hey it is one of these things.
Again according to what car by the end of 4 your fiat could be worth in the region of £ 4751 and the end of year 5 as little as £4050.
If something happened in this 4 – 5 year you could be left even more out of pocket than ever.
There is an alternative to the standard fiat gap insurance.
We Googled Fiat gap insurance and found a gap insurance supplier who could provide 5 years cover for less than £200 that is still a whopping £200 less than we where originally quoted.
So why not get a quote read the policy and make you own informed choice as to which level of fiat gap insurance is best for you.