Porsche GAP Insurance
Unlike other German luxury car brands, which tend towards elegant refinement, Porsche is famous for unabashedly flashy styling and racy performance. Porsches are designed to get noticed and, even if recent years have seen the brand broaden its remit to include butch SUVs like the Cayenne and Macan, the name will always be synonymous with sleek, desirable sports cars.
Classic Porsches include the iconic 911, which has survived nearly 60 years of reinventions without ever relinquishing its glamorous allure, and the Boxter, which first introduced unmistakable Porsche pizazz to a slightly more affordable price bracket in the late-90s.
While Porsche regularly revamps such classic models, something of the brand’s distinctively curvaceous aesthetic always remains. It really is impossible to mistake a Porsche for anything else. Taking a look at our reliability survey you'll see that Porsches will rarely need repairs, but when they do, prepare to pay out.
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Why do I need Porsche GAP insurance?
If you’re the proud owner of a Porsche, you’ll undoubtedly want to ensure that its properly protected. But what does it really mean to protect your car?
Ultimately, you need to know that you can replace your car, even in the worst-case scenario, right?
Sadly, this expectation is all too often scuppered by depreciation. On average a car loses around 60 per cent of its value over three years, meaning that, in the event of a write-off or theft, your insurer will only pay out a fraction of the price you paid for your shiny new Porsche.
So, if you paid £50,000 for a new Porsche Boxter, you might find you’re looking at payout of just £20,000 if your car is written-off or stolen three years later. Which means you’ll have to shell out significant sum to replace your Porsche with the same model. All too often the yawning shortfall that separates the sum you need to replace your car and the insurance payout you’re offered makes it impossible to afford a new like-for-like replacement.
What do I get with MotorEasy?
MotorEasy GAP Insurance offers a great way to cover this potentially massive disparity, enabling you to claim back the original cost of your vehicle rather than its heavily depreciated market value.
When you consider that a new Porsche’s value typically depreciates the moment you drive it off the dealership forecourt the worth of Porsche GAP insurance becomes clear.
Our Porsche GAP Insurance effectively tops up your motor insurance in the event of a write-off, giving you the complete peace of mind that your regular policy probably doesn’t offer. If you love your Porsche it’s a brilliant way to ensure you’ll have the financial means to replace it, or settle any remaining finance.
Nobody wants to contemplate the worst-case scenario but it’s worth considering that almost half a million cars are written off in the UK every year. So taking extra measures to limit that risk 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 Porsche.
It the event of a write off you may find your insurance payout is significantly short of the amount you need to purchase a like-for-like replacement, so it makes sense to top-up your cover and ensure you’re properly protected. But how likely is a write-off? Do you really need that extra level of protection?
Write-offs are more common than you may think. 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 more and more write-offs every year.
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 Porsche GAP Insurance quote
Getting your MotorEasy Porsche GAP Insurance quote is quick and easy. Our GAP Insurance page gives you all the information you need and a quick and east tool to get you GAP Insurance quote in a matter of seconds.