Gap Insurance

[boitjie]

I'm picking up a CGTS in March :-), on my previous vehicle (a somewhat dull BMW 440i!) I had gap insurance. Any recommendations/experiences with more expensive vehicles?

[Twinfan]

I have PistonHeads GAP provided by ALA:

https://www.pistonheadsgap.co.uk/

[Mr Trophy]

Twinfan said:

I have PistonHeads GAP provided by ALA:

https://www.pistonheadsgap.co.uk/

Thank you.

I can't wait to find out why Porsche are asking for £1,200 from me....

[Maxym]

It's easy money for insurers, and only superficially attractive when you think about the real value it provides. But if it helps sweeten a purchase deal...

Mind you, 1200 quid sounds a heck of a load of dosh.

[WG]

I managed to get an insurance for my 718 BGTS a couple of weeks ago with Aviva Direct Clients which will pay out to invoice price for first three years - if you are first owner of car thus obviating the need for GAP insurance. I got this via Nowell and Richards you might like to try them

[edc]

WG said:

I managed to get an insurance for my 718 BGTS a couple of weeks ago with Aviva Direct Clients which will pay out to invoice price for first three years - if you are first owner of car thus obviating the need for GAP insurance. I got this via Nowell and Richards you might like to try them

What happens to your GAP cover in years 2 and 3 if you change insurer?

[Ady128]

Mr Trophy said:

Thank you.

I can't wait to find out why Porsche are asking for £1,200 from me....

Because they can. My Gap provider suggested it's because they don't make that much on the actual car.

[WG]

edc said:

What happens to your GAP cover in years 2 and 3 if you change insurer?

You need to stay with same insurer of course to get full 3 year benefit but I am told that annual increases on the policies are very much on in line with inflation each year.

[boitjie]

I have used independent providers before. A quick google will find you many offering full replacement (old for new) or return to invoice. They seem to be around £300-£400 for 3 yrs on a GTS (I don’t think the model actually matters), often with a limit of £50,000 payout. It’s a simple policy so the only risk with not using a major provider is they go bust. Check who they are backed by.

[boitjie]

Twinfan said:

I have PistonHeads GAP provided by ALA:

https://www.pistonheadsgap.co.uk/

If you use the discount code MSE25, you get 25% off

[nxm]

I've been quoted normal car insurance for a new 718 where it covers new for old cost (Same as gap) for 3 years.

So no need for gap insurance.

[MartinRS2K]

NFU include GAP insurance in their premiums and they are usually very competitive.

I have all 3 of our cars with them. Macan GTS, GT3 Touring and a BMW

[boitjie]

Thanks for that!

Just spoken to them and they easily matched my Admiral "multi-car" quote.

[gozzy]

boitjie said:

If you use the discount code MSE25, you get 25% off

Thankyou, just got my discount

[S666SBD]

MartinRS2K said:

NFU include GAP insurance in their premiums and they are usually very competitive.

I have all 3 of our cars with them. Macan GTS, GT3 Touring and a BMW

NFU Mutual would not even quote ....... I live in South London !!!

[BE57JAM]

This is a really helpful feed!!

[JonChalk]

ALA have always been exceptionally competitive on my last three cars, but more importantly, have processed changes without fuss and bother and always pleasant and helpful on the phone - no corporate bs either.

[Pinball]

I’m another with the premium Aviva product. I got it through a broker I can’t remember the name of. It wasn’t a package available on the comparison sites. I could have reduced the cost a bit by going for a a basic insurance elsewhere and an alternative GAP supplier, ALA seemed the best in that department, there were a few extra benefits on the Aviva one and it seemed easier to keep it in one place.