You can’t go wrong with a Lexus. This supremely luxurious Japanese brand is the perfect blend of sport and style. With attention to detail shining through in every part of these incredible vehicles, they truly are modern classics. Whether you own the sporty LC or you have your eye on the roomy IS, you’ll want to make sure your prized possession is properly protected.
Should the worst happen and your Lexus is stolen or written off due to a fire, flood or accident, your insurance settlement may only cover the current market value, rather than the original purchase price. That will leave you with quite a significant hole in your personal finances. Luckily, Lexus Guaranteed Asset Protection (GAP) insurance is here to fully cover that for you.
What is Lexus gap insurance?
Lexus gap insurance covers the difference between the initial market price and the value of your vehicle when it is declared a total loss. With luxury cars like these, that disparity can run into the many thousands of pounds. This form of cover is especially valuable if you are paying off your car on finance or leasing, because you will still need to pay the outstanding amount and won’t have a car to show for it. With Lexus gap insurance from Direct Gap, you will be comprehensively covered.
For more information, have a read of our detailed guide to gap insurance.
What are the benefits of a Lexus gap insurance policy?
As well as offering priceless peace of mind and financial protection, a Lexus gap insurance policy from Direct Gap comes with plenty of additional benefits, such as:
- 30-day money-back guarantee
- Deferred start date for new purchases
- Commitment to settle claims inside 10 days
- Cover for all named drivers
- No mileage restrictions during life of policy
- No claim limits on models up to £50,000
How much does Lexus gap insurance cost?
Our Lexus gap insurance quotes start from just £69 – a small price to pay for that level of protection. What’s more, you can spread the cost of your premium across monthly instalments if you prefer.
How long does Lexus gap insurance last?
Our Lexus gap insurance policies are available from anywhere between 1-5 years.
Lexus gap insurance – is it worth it?
With Lexus gap insurance quotes starting from £69, we believe it makes complete sense to invest in a policy of this kind and protect yourself from losing out financially. To demonstrate its worth, let’s assume you bought a new Lexus for £40,000 and that three years later it is written off in an accident. The insurer’s settlement will be in line with its value at that time which, due to depreciation, let’s say is now £25,000. That means you’re left £15,000 out of pocket. But, with a Lexus gap insurance policy, you’ll be covered for that difference.
What additional cover is available?
As well as providing the very best in comprehensive Lexus gap insurance policies, we can offer protection for the bodywork, tyres and wheels of your pride and joy. Find out more about:
Please note that these policies can only be bought in conjunction with Lexus gap insurance from Direct Gap and cannot be purchased separately.
Get your Lexus gap insurance quote today
Love your Lexus? Make sure to get a Lexus gap insurance quote from us so that we can provide you with the perfect cover to keep your investment safe. If you have any questions, just give us a call on 01422 756100 and a member of our friendly team will be happy to help.