Funny thing, car insurance. Even with a clean driving record your premiums never seem to go down. And yet, what some insurance companies are prepared to pay out certainly does.
If your Honda is written off or stolen, you may not get the purchase price for it: you'll get its current value in the open market.
All of which seems a bit unfair. But with Honda Gap Insurance, you'll get back exactly what you paid.
Here's what usually happens.
You buy a new car for, say, £14,000. A year later, it gets written off by the insurance company following an accident or theft. In this event, you'd be sent a cheque for the current market value: call it £10,000. Which means either finding another £4,000 to buy a similar replacement, or settling for something not quite as good. And what's worse, with every passing year, that shortfall's just going to get bigger.
When you have Honda Gap Insurance…
You buy the same car for £14,000, and the same misfortune strikes. But as well as the cheque for £10,000 from the insurance company, you get one from us for £4,000, too. Which means you can replace the car like for like. With cover for up to three years, it doesn't matter how much your insurance company pays out: we'll make sure you get what you originally paid (vehicle purchase price excludes dealer fitted accessories).
It's incredibly simple. We think you'll find the decision is, too.
- We pay you the difference between the original purchase price and the amount your insurance company will give you if the car is written off as a result of an accident or theft
- Honda GAP is available on new and used Honda vehicles (up to 8 years old)
- You can be covered for up to 3 years
- We’ll pay the insurance shortfall up to £5,000 for vehicles which have a maximum purchase price of £12,000. If your vehicle is over £12,000 we’ll pay the insurance shortfall up to £15,000
- We can arrange cover in the showroom - instantly
- Once the claim's been processed, we will send you a cheque for the difference
- It's flexible and convenient - You can pay for it in one go or over 10 months by direct debit
Honda Finance Europe plc is Authorised and regulated by the Financial Services Authority for insurance mediation. FSA Firm reference number: 312541.
Insurers are London General Life Company Limited, Integra House, Floor 2, Vicarage Road, Egham, Surrey, TW20 9JZ.