One of the ‘Big Three’ German car manufacturers alongside Mercedes-Benz and Volkswagen, BMW exemplifies all the qualities German automotive engineering is renowned for. This historic Munich-based brand is synonymous with exacting build-quality, smart, technologically innovative design and sleek styling – everything the German motor industry seems to excel at.
BMW has built its reputation developing cars that deliver a perfectly balanced compromise between sporty looks and performance and comfortable, luxurious practicality. If you’re on the lookout for a car that brings a dash of understated pizazz and sophistication to the school run, look no further.
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.
Why do I need BMW GAP insurance?
If you’re the proud owner of a BMW, you’ll undoubtedly want to ensure that it's properly protected. But why do you really need GAP insurance for your beloved Beamer?
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, meaning 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 payout of just £20,000 if your car is written-off or stolen three years later. Which means you’ll have to shell out a significant sum to replace your BMW with the same model. All too often the yawning shortfall that separates the sum you need to replace your car and the insurance payout you’re offered makes it impossible to afford a new like-for-like replacement.
What do I get with MotorEasy?
MotorEasy GAP Insurance offers a great way to cover this potentially massive disparity, enabling you to claim back the original cost of your vehicle rather than its heavily depreciated market value.
When you consider that a new BMW’s value typically depreciates the moment you drive it off the dealership forecourt, the worth of BMW GAP insurance becomes clear.
Our BMW GAP Insurance effectively tops up your motor insurance in the event of a write-off, giving 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. So taking extra measures to limit that risk makes financial sense, especially if you’re paying for your car with a leasing arrangement or PCP financing, which 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 smart, easy and affordable way to remove these risks and enjoy your BMW.
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, but 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.
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.