GAP Insurance

mountainofdebt

Mum is picking up her new car this week and I know one of the many things that they will try and sell her is GAP insurance.

Now I've heard of too many people writing off their nice new car but I know that the cost of GAP from the garage is not cheap.

Is there an company that MSErs would recommend?

InsideInsurance

Look at Which? or Defaqto for recommended providers either from a service or coverage perspective.

buba2006

Evan Halshaw's is £399 but i think it depends on the value of the car.

OddballJamie

buba2006 wrote: »

Evan Halshaw's is £399 but i think it depends on the value of the car.

Flippin' heck! I only paid £140 from a Vauxhall dealer on a brand new car after I haggled the price down. People need to learn to shop around.

buba2006

OddballJamie wrote: »

Flippin' heck! I only paid £140 from a Vauxhall dealer on a brand new car after I haggled the price down. People need to learn to shop around.

you're absolutely right, after seeing your post i dont one quick search and came up with http://www.directgap.co.uk/Quote.aspx?vc=7500&cl=7500&trm=4

which is £110 but now looking at this site it looks like there is is more options.

If i choice the petrol car i will definately be querying this.

Thanks oddball.

Hintza

Your insurer will cover you for the first 12 months.

buba2006

hintza wrote: »

your insurer will cover you for the first 12 months.

your normal car insurance you mean? Or do you mean if its a brand new car?

Thanks

OddballJamie

Hintza wrote: »

Your insurer will cover you for the first 12 months.

You have to check the terms as not all companies do this.
Some GAP insurance will allow you to postpone the start for 12 months.

OddballJamie

buba2006 wrote: »

you're absolutely right, after seeing your post i dont one quick search and came up with http://www.directgap.co.uk/Quote.aspx?vc=7500&cl=7500&trm=4

which is £110 but now looking at this site it looks like there is is more options.

If i choice the petrol car i will definately be querying this.

Thanks oddball.

Why only petrol? Diesels depreciate too.

InsideInsurance

Hintza wrote: »

Your insurer will cover you for the first 12 months.

Only if it is a brand new vehicle and you are the first registered keeper.

Even then it does vary by insurer, Admiral doesnt have new vehicle replacement where as Saga used to at least give 2 years cover.

CB1878

Also check even if the insurer says they will replace the vehicle what would happen if a replacement is not available. If they say they will only pay market value at that point you have to decide how likely it is that you will be able to find a direct replacement. A bog standard Focus may be fine, but a fully loaded BMW may be a different matter.