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Can someone reccommend GAP insurance for a car?

18 replies
Found 27th Feb 2010
I purchased a new car last week and the Audi dealers tried to sell me GAP insurance, they started at nearly £800 but then dropped to £500 when I insisted I didnt want it - I still didn't take it.

Anyway I was sitting at work thinking, and thought it might be a good idea. Has anyone taken this sort of cover out themselves with a big company? If so please let me know who so I can get a quote.

Thanks in advance.

18 Comments

We were in same position with a car purchase last year.

Got gap insurance from click4gap via quido. Looked fine, but cant give any guarantee about their service as luckily havent needed to make a claim.

Original Poster

MFewings;7966112

We were in same position with a car purchase last year. Got gap insurance … We were in same position with a car purchase last year. Got gap insurance from click4gap via quido. Looked fine, but cant give any guarantee about their service as luckily havent needed to make a claim.



Thats the thing - i have just read on a forum that one company refused to pay out cos they had a sub in the boot and they classed that as a modification!

Everythring extra on the car is factory fitted from new. There is no finace on the car if that makes any difference,

Definately a good idea.

Just don't buy it through the dealer. Complete rip-off.

I'm with click4gap for my honda civic type r and got 'return to invoice insurance' for £209 and quidco.

If your car is worth quite a bit (mine was £22k brand new) then if it gets written off, burnt out etc you will get the FULL invoice cost back and basically have yourself a brand new car.

Original Poster

smithyp1;7966156

Definately a good idea.Just don't buy it through the dealer. Complete … Definately a good idea.Just don't buy it through the dealer. Complete rip-off.I'm with click4gap for my honda civic type r and got 'return to invoice insurance' for £209 and quidco.If your car is worth quite a bit (mine was £22k brand new) then if it gets written off, burnt out etc you will get the FULL invoice cost back and basically have yourself a brand new car.



The one the dealer was offering also covered minor bumps/ scrapes and scratches / stone chips. He said that for a call out fee of £25 they would repair any dents/ chips etc to a miximum value of £3000 per year?

Ill have a look at click4gap.

Thanks

GAP insurance is a must.
Go and get a quote here

comparethemarket.com/car…ce/

Email link give £10.00 voucher off click for gap plus quidc so even better
Get Vehicle Replacement Gap a bit more but is new for old.

Another company herecar2cover.co.uk/Car…nce

Most insurers give a " new replacement " vehicle in the first year of ownership, if your car is a total loss.

Banned

There are better deals than having GAP insurance, especially if you buy a new car.

Audi, in my personal experience, are all about the sale and give nothing in after car.

Buy a Mini!

JonnyTwoToes;7966991

There are better deals than having GAP insurance, especially if you buy a … There are better deals than having GAP insurance, especially if you buy a new car.Audi, in my personal experience, are all about the sale and give nothing in after car.By a Mini!



Why ........ :whistling:

Banned

I've had several mini's over the years and I have always got back AT LEAST what I paid for them in terms of financing.
Their after sale support is wonderful, they are cool cars to drive AND they come with a big red bow when you buy a new one.

Simples.

I used to work in a company that sold GAP insurance and apparently nobody ever claims on it.

Original Poster

Minis are nice but I have 2 small kids and Twins on the way in a month or so! When I say new, its new to me and not a brand new car, its an 08 plate.

Ive checked the sites and they mention GAP insurance and something like Invoice insurance - are they different?

Banned

MANJ_007;7967156

Minis are nice but I have 2 small kids and Twins on the way in a month or … Minis are nice but I have 2 small kids and Twins on the way in a month or so! When I say new, its new to me and not a brand new car, its an 08 plate.Ive checked the sites and they mention GAP insurance and something like Invoice insurance - are they different?



Not sure if it's legal to put the kids in the back but...

http://www.greencarsite.co.uk/GREENNEWS/NewsPhotos/mini-new-clubman.jpg

Banned

MANJ_007;7967156

Minis are nice but I have 2 small kids and Twins on the way in a month or … Minis are nice but I have 2 small kids and Twins on the way in a month or so! When I say new, its new to me and not a brand new car, its an 08 plate.Ive checked the sites and they mention GAP insurance and something like Invoice insurance - are they different?



Not sure.
With the mini deal I have, they give a price at time of purchase that they will pay when you take the car back.
As minis don't lose too much value over time, you don't really need GAP insurance for accidents.

MANJ_007;7967156

Minis are nice but I have 2 small kids and Twins on the way in a month or … Minis are nice but I have 2 small kids and Twins on the way in a month or so! When I say new, its new to me and not a brand new car, its an 08 plate.Ive checked the sites and they mention GAP insurance and something like Invoice insurance - are they different?



Return to invoice insurance is the same as GAP. How long are you taking finance over? To be honest unless you are paying a very small amount off each month it is unlikely that your car will depreciate by more than your monthly payment... especially since it isn't new. Even finance schemes with balloon payments rarely leave the finance outstanding higher than the value of the car. Companies like to sell this for their own protection to ensure that they always get their cash back.

Original Poster

StudentJo;7967271

Return to invoice insurance is the same as GAP. How long are you taking … Return to invoice insurance is the same as GAP. How long are you taking finance over? To be honest unless you are paying a very small amount off each month it is unlikely that your car will depreciate by more than your monthly payment... especially since it isn't new. Even finance schemes with balloon payments rarely leave the finance outstanding higher than the value of the car. Companies like to sell this for their own protection to ensure that they always get their cash back.



Cheers for the reply.

i purchased the car outright and took no finance. The reason i was asking about GAP was incase it gets written off or stolen (as ita a nice car) that way I would get back what i paid?

MANJ_007;7967312

Cheers for the reply.i purchased the car outright and took no finance. … Cheers for the reply.i purchased the car outright and took no finance. The reason i was asking about GAP was incase it gets written off or stolen (as ita a nice car) that way I would get back what i paid?



Oh sorry, I used to work in loans so sorry my info wasn't too helpful!

MANJ_007;7967312

Cheers for the reply.i purchased the car outright and took no finance. … Cheers for the reply.i purchased the car outright and took no finance. The reason i was asking about GAP was incase it gets written off or stolen (as ita a nice car) that way I would get back what i paid?



Is this a new type of insurance, I have never heard of this method of giving you back what you paid for the car.

That way you could drive in it for 5 years smash it up and get back what you paid, I didint think such insurance existed.

Gap insurance should only be taken out when the car is financed I thought (have been out of motor trade for 5 years though so it may have changed)

Original Poster

DJNG22;7969209

Is this a new type of insurance, I have never heard of this method of … Is this a new type of insurance, I have never heard of this method of giving you back what you paid for the car.That way you could drive in it for 5 years smash it up and get back what you paid, I didint think such insurance existed.Gap insurance should only be taken out when the car is financed I thought (have been out of motor trade for 5 years though so it may have changed)



Well, I had a look on the sites and they do offer the insurance to people like me that have no finance, and yes, say after 3 years and 11 months if something were to happen to the car the insurance company would give me x amount and the GAP people would make up the difference to what I originally paid for it!! Doesnt sound too bad!
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