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Tag Archives: GAP insurance

Younger car buyers opting for PCP deals

Mini forecourt

New research suggests that almost one in five (17%) of under 34s use a PCP scheme to finance a car purchase, compared to just 9% of over 55s. More than two-thirds (69%) of car owners over 55 bought their car outright without using finance, compared to half (50%) of 34–54s …

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Have you written off a car?

Traffic jam

New research has revealed that nearly a third of UK drivers have written a car off – and 7% have done so more than once. The survey of more than 2,000 UK drivers, carried out for InsuretheGap.com, a leading provider of GAP (Guaranteed Asset Protection) insurance for new and second-hand …

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A-Z of car finance terms

Car finance cost

Nearly nine out of 10 (85%) of car owners say that the idea of being in debt is stressful, according to YouGov data, yet in the last year some 2.4 million cars were bought using finance options. The main reason for this is that financing a car is often the …

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High number of new drivers in car accidents

Young driver

One in five drivers are involved in a car accident during their first year of motoring, according to a new survey. The research, conducted by GAP insurance brokers ALA, found out how many accidents and offences are caused by drivers in their first 12 months on the road. Between April …

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