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MotorEasy bridges the GAP for drivers
- 25/10/2023
- Posted by: Alan Feldberg
- Category: News
Auto Express has named MotorEasy as its Best Buy GAP Insurance provider in its 2023 product group test. As the only provider to be awarded a class-leading five out of five-star rating, it was particularly cited for its price advantage and quality of cover. The annual GAP Insurance Best Buy group test is designed [...] -
ALA Insurance calls for FCA clarity
- 25/09/2023
- Posted by: Alan Feldberg
- Category: News
ALA Insurance has called a fair value warning to GAP insurance providers issued by the FCA ‘irresponsible’ as the data does not differentiate between online brokers and dealerships. The FCA claimed it had evidence that some GAP products do not offer fair value, citing its own data which revealed only six per [...] -
Pay-outs more than £1m shy of market value
- 01/09/2023
- Posted by: Alan Feldberg
- Category: News
New research by GAP insurance provider ALA Insurance has revealed that the average car owner is offered £286 below market value on claims where their car has been written off. ALA analysed over 3,748 claims to show which car makes receive the lowest pay-out based on market value and found that, collectively, [...] -
Gap insurance claims up a quarter
- 22/11/2022
- Posted by: Alan Feldberg
- Category: News
New data analysis by Intelligent Motoring has revealed a 24% rise in the value of GAP insurance claims from January to September 2022, compared with the same period in 2021. It is now urging retailers, finance companies and motor organisations to reduce the financial exposure of customers, through the addition of [...] -
Drivers favour monthly bills
- 30/06/2022
- Posted by: Alan Feldberg
- Category: News
New research has found that almost one in three (30%) drivers prefer to pay for their car on a monthly basis. According to a new Opinium survey of 2,000 UK drivers, commissioned by InsuretheGap.com, younger age groups are the most likely to pay monthly, with 53% of 18–34 year-olds favouring monthly payments [...] -
Changes to GAP influencing behaviour
- 30/09/2015
- Posted by: Simon Wait
- Category: News
Changes to rules governing the sale of GAP insurance introduced on September 1st have already influenced consumer behaviour, says Warranty Direct. The amendments were designed to offer consumers more protection and, primarily, additional time to shop around for the best deal. Dealerships – accounting for 97% [...] -
Alliance and Maiden expand partnership
- 08/09/2015
- Posted by: Simon Wait
- Category: News
Maiden Holdings, Ltd. and Allianz Global Automotive today announced a significant expansion of their long standing partnership focused on developing branded insurance solutions to automotive original equipment manufacturers (OEMs) and their customers. The partnership will bring together the unique skills and [...]