Fiat has long been synonymous with compact, stylish and affordable city cars that answer the pragmatic needs of the small car market without sacrificing that all-important dash of Italian style.
Fiat’s knack for creating chic yet practical small cars can be traced back to the enormous success of its iconic 500. A hugely popular little runaround from the 50s and 60s. The original 500 (known as the Cinqecento in Italy) embodied many of the characteristics that remain integral to the brand today. It was endearingly dinky and affordable yet really rather chic – in many ways the archetypal city car.
The 500’s second-coming in 2007 heralded a welcome reassertion of Fiat’s commitment to the small car market by maintaining the same winning formula and modernising it to suit the ever-evolving demands of the supermini market. It has been a tremendous success and remains the Italian brand’s best-loved model.
Why do I need Fiat GAP insurance?
If you’re the owner of a Fiat, you’ll undoubtedly want to ensure that your pride and joy is properly insured. But what does comprehensive protection really look like?
While no one wants to contemplate the worst-case scenario, savvy motorist are wise to consider the possibility of a write-off or theft. Afterall, nearly half a million cars are written-off every year in the UK alone. It pays to consider what sort of payout you’d be looking at from your car insurance policy in such circumstances.
Ultimately, even the best policies pay out the current market value of your car in the event of a write off, which means you’re likely to be looking at a figure that’s well short of the sum you’ll need to pay for a new like-for like replacement.
It’s worth considering that a new Fiat’s value typically depreciates the moment you drive it off the dealership forecourt. Three years later, its value is likely to have depreciated by 60%.
Taking into consideration depreciation, the payout on a three-year-old Fiat 500 that cost £15,000 new could be as little as £6,000 (assuming 60% depreciation), meaning you’d have to find an additional £9,000 to buy a like-for-like replacement.
This is where MotorEasy GAP Insurance comes into its own.
What do I get with MotorEasy?
Put simply, GAP Insurance tops up your insurer’s payout in the event of a write-off, providing the extra funds to purchase a replacement vehicle or to settle any outstanding finance. It’s great way to ensure you’re fully covered.
Taking extra measures to ensure you’re comprehensively protected 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 Fiat.
GAP insurance comes into its own in the event of a write-off when, all too often, motorists find that their payout is significantly short of the sum needed to buy a like-for-like replacement. It makes sense to top-up your cover and ensure you’re fully protected. But how likely is a write-off? Is GAP insurance really necessary?
In fact, write-offs are more common than many imagine - over half a million cars are written off every year. Typically, 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. In fact, statistics show that 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% jump in car theft over the last five years. Statistics show that car theft is on the up, so it makes sense to ensure you’re properly protected.
Getting your Fiat GAP Insurance quote
Getting your MotorEasy Fiat 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.