Renault’s association with small hatchbacks was sealed in the early 90s when it released the Clio, an era-defining supermini that went on to become one of the decade’s best-selling cars. Indeed, the Clio was such a winning model that it continues to take pride of place in Renault’s range several decades and many iterations later. The fundamental characteristics that made it so popular in the first place – its compact but functional proportions, chic styling and nippy performance – remain just as relevant today.
The Clio’s remarkable staying power is almost matched by the Megane, another 90s veteran that’s been refreshed countless times over the years. The latest generation of this large hatchback boasts sharper styling and spruced up interiors. Newer additions to the Renault stable include the Kadjar, a burly but stylish mid-size SUV and the Zoe, an innovative all-electric hatchback.
Why do I need Renault GAP insurance?
Do you know how much your insurance payout would be in the event of a write-off? Will it be enough to fund a new like-for-like replacement? Sadly, there’s a very good chance that it won’t.
Because most standard insurance policy payouts are based on a car’s current market value, you’re unlikely to receive a sum that comes close to the cost of replacing your car. The problem is that cars are subject to depreciation.
In fact, new cars will begin to depreciate in value the moment you drive them off the showroom forecourt. After three years your car is likely to have dropped in value by as much of 60%. Consequently, your payout in the event of write off or theft is likely to fall significantly short of your car’s value at inception (the original market value when you bought it and took out cover).
If you purchased a new Renault Megane for £25,000, it could be worth £10,000 three years later (based on 60% depreciation). Therefore your insurer may only offer a £10,000 payout in the event of a write-off, meaning you’d have to find another £15,000 to replace your car with the same model.
What do I get with MotorEasy?
Most insurance policies will be found wanting in the event of a write-off. Which is why MotorEasy® GAP Insurance makes sense.
GAP Insurance covers the difference between the amount your standard insurance policy pays out and the amount you’d need to buy a new like-for-like replacement. In other words, it’s a great way to ensure you’re fully covered.
The case for GAP cover is even stronger 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 Renault.
MotorEasy GAP insurance offers protection against the risk of a write-off, which 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?
Write-offs are surprisingly commonplace. In fact, over 500,000 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 an increasing number of write-offs every year. Indeed, statistics show that car theft is on the rise, so it makes sense to ensure you’re properly protected. 112,174 motor vehicles were stolen in the UK in 2017/18, which is 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 Renault GAP Insurance quote
Getting your MotorEasy® Renault 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 moments.