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New Car GAP Insurance
New car GAP insurance is increasing rapidly in popularity in the UK. A new car GAP insurance policy is an essential form of protection for people who finance the purchase of a new car with a loan. Quotezone can take all the bother out of buying your new car GAP insurance by carrying out work for you. Quotezone find cheap online quotes and help you tailor make a policy perfect for you. Our comparison system will locate and compare the best and cheapest quotes with most major UK brokers and insurance providers.
Why do I need to take out a new car GAP insurance policy?
The loan you take out to finance your new car will cover costs like the interest, road fund license and any extras. This means that what you borrow is more than the new car is worth as an asset. Your new car will depreciate greatly in value, especially within the first year. If you are unfortunate enough that your car is written off in an accident you could end up owing more on the finance than the car is worth. You will also have the added cost of replacing it. With new car GAP insurance you get the peace of mind that if you do total the car, you recoup all the costs of the initial invoice price. It can then be used to pay off the entire loan and refinance a brand new vehicle. If you consider the depreciation of a new car, a GAP insurance policy is an excellent idea.
Is Quotezone under the FCA?
Quotezone and our affiliates are all regulated by the FCA rules and guidelines. We must adhere to them and can guarantee that your data and information are safe.