About to buy car insurance, but have a separate 'back to invoice' gap insurance query

Davvo_100 Forumite Posts: 13
Name Dropper First Post

I'm about to buy insurance for a used car. Bit of a backstory though...

2021 - 5 year old car was written off in a collision (Non-fault my side)
I turned down first offer by insurers, and the second wasn't great.
I could have taken it further I know, but I settled with the offer as I wanted out the grief and it was all dragging on and on. 

This Feb - exactly the same happened as above. Thank god for bystander witnesses! Same rubbish with that insurer...

So I've just bought a used car and at the starting point for insurance quotes where market value is asked for.
I was advised to do the fast Auto Trader trick to get the private value, and it comes up as exactly £2k cheaper than I paid for the car. This is no surprise as I bought the car from a trader, but it is a decent chunk in difference (I needed a certain type of car and been looking for a long time)

If I go through the same events as above, I don't want to financially suffer badly a third time (without bad luck, I have no luck!)

Has anyone here taken out a separate 'back to invoice' gap insurance policy on a used car?
I just ran a test quote and for two years cover (I'll be selling the car then) it'll cost £103.00. The excess would be £150.00 if used.



  • Slinky
    Slinky Forumite Posts: 9,284
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 May at 2:41PM
    Yes we bought separate cover for our second hand car bought from a main dealer. It was a low mileage car about 6 months old, most likely been a staff car for somebody at Vauxhall in Ellesmere Port judging by the radio stations saved on the radio. The main dealer quoted a much higher price for the insurance han an online search. We never had to claim so can't comment on that.
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  • DrEskimo
    DrEskimo Forumite Posts: 2,318
    Fifth Anniversary 1,000 Posts Name Dropper
    Yup, have a 5 year policy on my current car, which I bought used. 

    I got vehicle replacement, so that if there is a large increase in cost to get a similar make/model in the next 5 yrs I get even higher pay out than the invoice price (important given mine is an EV and larger batteries, and therefore cost, is likely). 

    I used total loss gap, as they provided a 5year policy on used cars at the time. 
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