Gap insurance - any recommendations

bullpeppar

I'm in the process of ordering a new car and will need Gap insurance, as the car is on lease. With my last two I've just gone with the broker I have ordered it through but this time I am gonna shop around.

Would anyone recommend any companies for this?

Hintza

Your insurance should give you new for old in the first year.

bullpeppar

Hintza wrote: »

Your insurance should give you new for old in the first year.

But can I take out insurance for years 2 and 3 or would I wait until the car is 1 year old then take it out (or is this even possible?)?

jackie_w

Hintza wrote: »

Your insurance should give you new for old in the first year.

Not all insurance companies do this, check your policy.

I would shop around with different brokers to get the best deal.

bullpeppar

jackie_w wrote: »

Not all insurance companies do this, check your policy.

I would shop around with different brokers to get the best deal.

With respect, that's what I am asking here. I don't have a policy yet - any recommendations :doh:

BJV

Some gap insurance providers allow you to defer the start date for 12 months. I just Googled Deferred Gap Insurance and found three that would allow you to defer the start date.

This should help as these guys know there stuff http://www.which.co.uk/money/insurance/guides/gap-insurance/. They did an independent review

BJV

I would check out the deferred option before you do anything. The difference is price is not amazing but it can save a lot if you are looking at the higher levels of cover and long periods of time. This might help https://gapinsurance123.co.uk/

carpetbloke

I have been looking for the same thing 123 gap insurace seem fair and really competitive when you want to defer for a year.
They do not charge for amendments either.
ALA look good too but these don`t allow deferred GAP.
ALA can be bought through Quidco to shave a few more quid off.
Just check to see if your insurer actually covers the car new for old for 12 months first.
I prefer the plicy that replaces the car.
I`m getting £5000 off a new Ford so return to invoice wouldn`t suit.
The Which report on GAP is a really useful read.
Paul.