Mitsubishi GAP Insurance
A well-established Japanese marque with a long-standing reputation for sturdy build quality and off-road credentials, it no surprise that Mitsubishi’s collection is largely composed of SUVs.
In the past Mitsubishi’s burly, workmanlike qualities have come at the expense of refinement, which may have been a barrier to mainstream success, but recent models reflect a subtle transition towards more elegant styling and comfortable interiors. The influence of Nissan, which recently acquired a large stake in the company, is likely to see that trend continue.
Mitsubishi’s presence in an increasingly crowded SUV market at least draws on long-standing expertise in the four-wheel-drive sector, so you know you’re in dependable hands when it comes to build quality, off-road performance and reliability.
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Why do I need Mitsubishi GAP insurance?
If you want truly comprehensive cover for your Mitsubishi, it’s well worth considering GAP insurance in addition to your standard policy.
Many motorists take out insurance without considering what would happen in the event of a write-off. Which is hardly surprising, no one wants to contemplate a worst-case scenario. But it’s important to take into account the possibility and ensure you’re properly protected, after all, around half a million cars are written off every year.
In such circumstances it’s important to realise that, however good your insurance policy, it probably won’t pay out anything like the sum it would take to buy a new like-for-like replacement.
There’s a perfectly good reason for this shortfall, it’s called depreciation.
Most insurers pay out the current market value of your car in the event of a write-off, which is typically a lot less than the original market value or the amount it would cost to replace your car with a shiny new model.
New cars typically depreciate in value very quickly. In fact, you can expect your car’s value to plummet the moment you drive it off the showroom forecourt. After three years it’s likely that depreciation has knocked 60% off the value of your car. So, a £25,000 Mitsubishi Eclipse Cross could be worth £10,000 three years after purchase.
Depreciation inevitably impacts on insurance claims. In the event that a three-year-old Eclipse Cross is written off (or stolen). the insurance claim would be based on current market value, which would leave you £15,000 short of the sum required to buy a like-for-like replacement.
What do I get with MotorEasy?
MotorEasy Mitsubishl GAP Insurance takes care of this shortfall, topping up your insurers payout to ensure that you have the amount you need to buy a new like-for-like replacement. GAP Insurance gives you complete peace of mind, even if your Mitsubishi’s a write off.
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 in the event of a write-off, GAP Insurance makes even more financial sense.
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 Mitsubishi.
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 Mitsubishi GAP Insurance quote
Getting your MotorEasy Mitsubishi 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.