One of America’s most iconic motoring brands, Chevrolet’s presence on this side of the Atlantic has all too often been poorly handled. Sadly, General Motors, which owns Chevrolet, has failed to find a place for Chevrolet in the European market despite a few flawed campaigns, most notably its attempt to rebadge its range of flagging Daewoos as Chevys. Needless to say, the ploy didn’t work.
The used car market still throws up the odd product of that failed attempt to position Chevrolet as GM’s flagship economy brand in Europe (in the shape of the Matiz, Lacetti and Kalos) but Chevrolet is arguably better represented by butch, all-American imports like the Camaro and Corvette, two updated muscle car icons that stay true to Chevy folklore.
But when it comes to reliability, Chevrolet has frequent problems
Why do I need Chevrolet GAP insurance?
It’s easy to settle for a standard Chevrolet Insurance policy without considering the financial consequences of a total write off or theft.
Of course, no one wants to imagine the worst-case scenario, but it really does pay to protect your car and your financial investment against such circumstances. Afterall, nearly half a million cars are written off in the UK every year. It makes sense to ensure that you’re fully protected.
Many motorists find that their insurance payout leaves something to be desired in the event of a write off, leaving them a long way short of the sum needed to purchase a like-for-like replacement. The reason for this shortfall comes down to one important factor: depreciation.
Your car’s market value will typically begin to depreciate the moment you drive it off the dealership forecourt and it will most likely continue to depreciate at an alarming rate thereafter. In fact, three years after you purchase a new car its value is likely to have depreciated by 60%. So, if you bought a Chevrolet Camaro for £50,000, three years later it’s value may have shrunk to £20,000.
What does this mean for your insurance? Most standard insurance policies pay out the current market value of your car rather than the price you paid when you purchased it new. If you made a claim three years after you bought your £50,000 Camaro you may be looking at a payout of just £20,000, meaning you’d have to find an extra £30,000 to purchase a new like-for-like replacement.
What do I get with MotorEasy?
GAP Insurance removes the risk of having to find a large sum of money just to replace your car, bridging the difference between the original cost of your vehicle and a disappointing payout based on its heavily depreciated market value.
Consider that a car’s market value begins to depreciate the moment you drive it off the dealership forecourt and it makes sense to safeguard the original value of your investment with a MotorEasy GAP insurance policy.
GAP Insurance makes extra sense 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 offers a smart, easy and affordable way to remove the risks associated with standard insurance policies and enjoy your Chevrolet, safe in the knowledge that it’s comprehensively protected.
GAP insurance is a great way to protect yourself against the risk of writing-off your car, an unfortunate event that could leave you short changed if you want to buy a like-for-like replacement. But what is a write-off and is it something you need to worry about?
Sadly, write-offs are more common than you might think. Indeed, over 500,000 cars are written off every year. Very often write-offs are the result of accidental damage but MotorEasy GAP insurance also covers you against car theft, which accounts for a large number of write-offs every year. Indeed, statistics show that the threat of car theft is on the rise.
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. Car theft is on the rise and it makes sense to ensure you’re properly protected.
Getting your Chevrolet GAP Insurance quote
Getting your MotorEasy Chevrolet GAP Insurance quote is quick and easy. Our GAP Insurance page gives you all the information you need and access to a quick and easy tool that gives you a MotorEasy GAP Insurance quote in a matter of seconds.