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GAP INSURANCE
GAP INSURANCE

GAP INSURANCE

This is my first post and hope that some people will benefit from this. Only relevant if you are getting or just got a new car.

I picked up my new car this weekend and was offered a product called GAP Insurance from the dealership for £349. I thought that was rather alot and decided to shop it around. I found a company called ala.co.uk with a good website and more importantly saved myself over £200! Plus found a promotion code (STA1052), which gave me another 5% off.

Hope this helps.

21 Comments

So what is it

The problem with insurance company's are they all have different idea's of what type of customer they want and price there insurance accordingly. What may be a good deal for yourself might not be for somebody with different circumstances. I remember recommending an insurance company to all my mates that I found when I first started driving, even though on paper they looked to be far more insurable than myself ie driving for longer, no claims bonus etc. They where getting quoted alot more than I was as a new driver.

Get return to invoice instead of gap.

i dont think you got it cheap, i think you got it for normal price, but were making a mistake of comparing it to a price offered by a main dealer...

Original Poster

danmc;2917397

The problem with insurance company's are they all have different idea's … The problem with insurance company's are they all have different idea's of what type of customer they want and price there insurance accordingly. What may be a good deal for yourself might not be for somebody with different circumstances. I remember recommending an insurance company to all my mates that I found when I first started driving, even though on paper they looked to be far more insurable than myself ie driving for longer, no claims bonus etc. They where getting quoted alot more than I was as a new driver.


Thanks for your comments. As I have learn't, Gap Insurance is different to normal car insurance as the price is calculated on the value of the car and the amount of cover you want. The individual buying it does not play a part in the premium.

Original Poster

Kahunaxxx;2917429

Get return to invoice instead of gap.


Back to Invoice wasn't applicable to me as I am on a Personal Contract Hire arrangement. I just wanted to cover myself for any protentional shortfall should my car be stolen or wriiten off, so I took out Contract Hire Gap.

OK; not the best in the world, but thanks for taking the time to post the deal.....

Don't be put off. :thumbsup:

Original Poster

agaveworm;2917613

OK; not the best in the world, but thanks for taking the time to post the … OK; not the best in the world, but thanks for taking the time to post the deal.....Don't be put off. :thumbsup:


Thanks.

Shambles;2917394

So what is it


the biggest con ever.....so, i insure my new car and if its written off i get whatever the insurer decides to give me, which is less than anyone else thinks its worth - even industry experts, car dealers, glass' guide, etc...

so becasue they short change you, they then have the cheek to sell you an additional insurance which covers you for something i think they should providing in the first place!!

motor insurance is a scam, if any other business did this we would be in uproar...they get away with it cause its a legal requirement

think about - order a mcdonald's 'meal' (yuck i know) and you dont get the fried..."thats extra money sir"

pay to on a train from london to manchester and they kick you off 3/4 of the way

pay for a flight from london to oz and they kick you off at Hong Kong..

Hi I will soon need to get my 17 year old son insured for a sml car prob 1000-1300 cc should I try here or are there better places? would be greatful for any advice thanks in advance

dont bother, save the money and put it towards the amount of excess he'll have to pay if he crashes, that'll be more to worry about than the depreciation. lol.
unless its an expensive car, its not normally worth getting.

Cheers Chris, think I should get some kind of insurance though and hope he does not crash

Try this place for gap insurance

click4gap.co.uk

plus £22.50 quidco

GAP is great on any car you just bought, well worth it. Bought my wife an £8,500 Corsa, Gap was £150, if the car gets written off then I lose nothing other than the £150. I used to sell this too lol, the dealer I worked for sold it for £249, regardless of the cost it's better than losing thousands when your insurer decides to give you sod all for your cherished car.

Voted hot, don't vote if you don't understand it. More people should be made aware of GAP insurance, virtually every person I spoke to when I sold a car had never heard of it, the vast majority bought a policy because they saw the value in it.

spiderman1;2917930

Hi I will soon need to get my 17 year old son insured for a sml car … Hi I will soon need to get my 17 year old son insured for a sml car prob 1000-1300 cc should I try here or are there better places? would be greatful for any advice thanks in advance



Hi Spider, you would get a much better response if you asked this quesion in it's own thread.. ooow I like that, Spiderman starting a new thread.. anyway back to your question.. this time last year I was in your shoes.. we found the cheapest insurance to be with Chuchill.. and as for a car look for a 1200 Renault Clio.. only group 2 insurance and if you get a special edition (something like an MTV) it will have enough electrical goodies and street cred to keep your son happy as well

[url]www.click4gap.co.uk[/url] is a good alternative. My quidco tracked at 30£ and was paid. Also use code SEPT10 for further 10£ discount on all their policies during this month. Or do what I did - fill in your details in the application form and procceed to payment page but don't finish applying. They should send an email with 20£ discount code in 2-3 weeks time to "help" you purchase their policy. At the end it did cost me just 14£ for 3 year RTV policy with 5k cover.

Cheers

Original Poster

I did try this company before contacting [COLOR="Blue"]ala.co.uk [/COLOR]but they were actually more expensive even without the promotional code.

I have just taken out RTI gap insurance on my new 58 plate Honda Civic Type R GT.

I used click4gap, and it cost £209 for 3 yrs cover.
My Honda dealer was quoting £349.

Also £22.50 quidco.

Normally, if you are the first registered keeper of your car from new, your car insurance SHOULD pay the full invoice price within the first 12 months. Check your t's & c's

The RTI has to be taken out with 90 days (i think) from the date of purchase.

Obviously i'm hoping i never have to use it, but if i do, then i wont be losing £££££

Shopped around myself for one of these...this looks a good deal. Also looks like they are not as fussy about when you bought the car, many stipulate 90/120 days.

The point about whether or not to buy GAP insurance is a personal choice. Voted hot.

Voted hot.

Just taken a Back to Invoice policy out with ala.co.uk. I picked up my VW Passat about 4 months ago and was shopping around for a quote. Due to the time I had owned the car, this was proving to be a bit of a problem and most companies wouldnt provide cover. I spoke to a very helpful guy and he told me that they could cover vehicles up to 12 months from date of purchase.

Policy cost just £128 for 3 years and £12500 worth of cover. Great value!

Used voucher code [COLOR="Blue"]STA1052[/COLOR] to get an extra 5% DISCOUNT.

Thanks

W.

simate;2918506

GAP is great on any car you just bought, well worth it. Bought my wife an … GAP is great on any car you just bought, well worth it. Bought my wife an £8,500 Corsa, Gap was £150, if the car gets written off then I lose nothing other than the £150. I used to sell this too lol, the dealer I worked for sold it for £249, regardless of the cost it's better than losing thousands when your insurer decides to give you sod all for your cherished car.Voted hot, don't vote if you don't understand it. More people should be made aware of GAP insurance, virtually every person I spoke to when I sold a car had never heard of it, the vast majority bought a policy because they saw the value in it.



true it is an evil necessity, though imo the insurer should cover you for the loss on the car insurance policy anyway...
what next gap part 2 which covers your loss in case your insurance and gap dont cover the loss
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