BMW GAP Insurance
The BMW range straddles a wide variety of markets. From affordable 1-Series hatchbacks to imposing luxury SUVs and stunning high-performance sports cars. But, for all that diversity, every car bearing the iconic BMW kidney grille carries an implicit assurance of quality.
If you’re the proud owner of a BMW, you’ll undoubtedly want to ensure that it's properly protected.
Why do I need BMW GAP Insurance?
Ultimately, you need to know that you can replace your car, even in the worst-case scenario, right? Sadly, this expectation is all too often scuppered by depreciation.
On average a car loses around 60 per cent of its value over three years. This means that, in the event of a write-off or theft, your insurer will only pay out a fraction of the price you paid for your shiny new BMW.
So, if you paid £50,000 for a new BMW 5-Series, you might find you’re looking at a pay out of just £20,000 if your car is written off or stolen three years later. This means you’ll have to shell out a significant sum to replace your BMW with the same model.
All too often there's a yawning shortfall separating the sum you need to replace your car and the insurance pay out you’re offered. This can make it impossible to afford a new like-for-like replacement.
You can learn more in our GAP Insurance guide.
MotorEasy GAP Insurance offers a great way to cover this potentially massive disparity. It enables you to claim back the original cost of your vehicle rather than its heavily depreciated market value.
Remember, a new BMW’s value typically depreciates the moment you drive it off the dealership forecourt. With this in mind, the worth of GAP Insurance becomes clear.
Why choose MotorEasy?
Our BMW GAP Insurance effectively tops up your motor insurance in the event of a write-off. This gives you the complete peace of mind that your regular policy probably doesn’t offer. If you love your BMW, it’s a brilliant way to ensure you’ll have the financial means to replace it or settle any remaining finance.
Nobody wants to contemplate the worst-case scenario but it’s worth considering that almost half a million cars are written off in the UK every year. Taking extra measures to limit the risk makes financial sense, especially if you’re paying via leasing arrangement or PCP finance. This 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 simple, affordable way to mitigate risk and enjoy your BMW.
• 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
• Optional extras and accessories covered (where factory or dealer fitted)
• European road trips for up to 30 days covered
How much does BMW GAP Insurance cost?
The cost of getting GAP Insurance for your BMW will depend on the model and how old you are. By choosing to cover your vehicle with MotorEasy, it’s up to 75% cheaper than purchasing through a dealer or lender.
What does GAP Insurance cover?
Write-offs are more common than many motorists imagine. In fact, more than half a million cars are written off in the UK every year. It may not be a scenario anyone wants to imagine but the threat of a write-off shouldn’t be underestimated.
But what is a write-off? Typically, write-offs are the result of accidental damage or fire. MotorEasy GAP Insurance also covers you against car theft, which accounts for a rising number of write-offs every year.
Indeed, statistics show that car theft is on the up, so it makes sense to properly protect yourself against it. 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% leap in car theft over the last five years.
MotorEasy’s BMW GAP Insurance
Obtaining the best BMW GAP Insurance quote is quick and easy. Our dedicated page gives you all the information you need and a convenient tool to get you a quote in a matter of seconds.
Getting your BMW GAP Insurance quote
Obtaining a MotorEasy BMW GAP Insurance quote is quick and easy. Our GAP Insurance page gives you all the information you need and a convenient tool to get you a quote in a matter of seconds.
