‘Keyless theft’ risk for popular car models

Did you know? Our GAP Insurance can protect your customer from a financial shortfall if their vehicle is stolen and written-off.

20% of our GAP claims arise from theft of the vehicle.  Also theft is not just limited to high value vehicles.  A recent study of our GAP claims shows 82% of thefts were on vehicles valued below £20,000.

New research from consumer group Which? found four out of five of the best-selling cars in the UK, the Ford Fiesta, Volkswagen Golf, Nissan Qashqai and Ford Focus were all found to be at risk of "keyless theft".

Thieves are thought to be using relay technology to bypass keyless entry and ignition systems on cars.

Which? said, "Thieves have been using keyless theft for several years, but manufacturers continue to make new models that can be stolen in this way, meaning there is an ever-larger pool of vehicles for thieves to target."

You can read more on this story via the following link including footage of a suspected ‘keyless theft’.

Hundreds of popular cars ‘at risk of keyless theft’
https://www.bbc.co.uk/news/business-47023003

Below are some actual GAP theft claim examples on some popular car models.

All below claims are on Combined Purchase Price Protection & Finance Shortfall GAP Insurance, with settlement being "Purchase Price Protection" paying the difference between the Motor Insurer's settlement and the net invoice price.

Ford Fiesta

Net Invoice Price = £16267
Outstanding Finance = £7808.09
Motor Insurer's Settlement = £10850
Excess Covered = £250 (up to £250, exclusive to BIBA GAP Scheme)
GAP Claim settlement = £5667

 

Ford Fiesta

Net Invoice Price = £15486.91
Outstanding Finance = £0
Motor Insurer's Settlement = £10900
Excess Covered = £150 (up to £250, exclusive to BIBA GAP Scheme)
GAP Claim Settlement = £4736.91

 

Volkswagen Golf

Net Invoice Price = £18117
Outstanding Finance = £2602.84
Motor Insurer's Settlement = £16500
Excess Covered = £250 (up to £250, exclusive to BIBA GAP Scheme)
GAP Claim Settlement = £1867

 

Volkswagen Golf

Net Invoice Price = £17949
Outstanding Finance = £0
Motor Insurer's Settlement = £16540
Excess Covered = £0 (up to £250, exclusive to BIBA GAP Scheme)
GAP Claim Settlement = £1409

For a quick and easy GAP quote login in to your online account or for more information on GAP Insurance please call 0330 111 3093 or email info@jlunderwriting.co.uk