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When you purchase a new car you might want to consider taking out gap insurance. Many people aren’t aware of what gap insurance actually is. Gap insurance is protecting the money you might lose on your car if you were in an accident. If you purchased your car for £5000 on credit and then crashed your car the following year, it might only be worth a market value of £3000. Gap insurance could provide you with the extra money you don’t receive from your car insurance provider. In this case you would still owe £2000 to the car broker but gap insurance could cover that cost for you.

This is why gap insurance Northern Ireland can be useful and help save you money in the long run. Not many people want to think about crashing their car but if you have purchased a car on credit you might want to consider comparing gap insurance quotes online. You may find that gap insurance is not that expensive and it could be worthwhile.

You can compare gap insurance with CompareNI online in one short form. Simply fill out our gap insurance form and we will try to match your details to our panel of insurance providers who will get in contact with you directly. Then its up to you if you want to take out the policy with them. Its that simple. Why not get a quote today.