22-10-2013, 17:35
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#1
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Inactive
Join Date: Oct 2013
Posts: 1
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Gap Insurance
Hello
Just wanted to ask advice about Gap Insurance, whether its worth it or not?
I pick up my new car at the end of this week which cost £6k, the vauxhall garage offered it to me for £399 but i have since sourced a company called ALA which offers it to me for about £129.
I only do about 4k miles (or less per year) so wondered if it was worth it or not to get it out? They also offer other stuff too, eg scratch repair, alloy wheels protection, but not sure what the excess is, would have to look into that.
thanks in advance
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22-10-2013, 18:24
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#2
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laeva recumbens anguis
Cable Forum Mod
Join Date: Jun 2006
Age: 69
Services: Premiere Collection
Posts: 44,563
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Re: Gap Insurance
I've never used it myself, but you might find this info useful.
https://www.moneyadviceservice.org.u...-gap-insurance
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22-10-2013, 18:57
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#3
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Inactive
Join Date: Apr 2004
Location: Warrington
Services: | Freeview | VirginTV XL with TiVo | BB L | Phone M |
Posts: 564
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Re: Gap Insurance
When I buy cars I usually take it out. An example is when I sold my last car (2.5 yearsish old) the money I got for the car (at a local dealership) would not have covered the outstanding loan I had on the car. (Fortunately the dealership did me a deal).
However, if my car had bee written off the chances are the insurance company would not have done that, which means had the worst happen I could have had a car worth less than the outstanding loan.
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22-10-2013, 19:14
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#4
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Inactive
Join Date: Jan 2004
Location: Nuneaton
Services: Broadband Up to 100Mb ~ TV Mix & TiVo 1Tb ~ Phone: Talk More Anytime
Posts: 1,057
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Re: Gap Insurance
It's one of those things you would only be grateful of if your car was written off. I also got a quote for £399 for three years (was it a Ford garage?) But for £411 through ALA I got FOUR year GAP and three years tyre insurance - with tyres costing £150 each I think that's good value
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23-10-2013, 04:38
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#5
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Permanently Banned
Join Date: Jan 2012
Location: Sutton In Ashfield Nottinghamshire
Age: 60
Services: Sky TV, VM 100Meg Broadband
Posts: 671
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Re: Gap Insurance
Quote:
Originally Posted by chocmint1969
Hello
Just wanted to ask advice about Gap Insurance, whether its worth it or not?
I pick up my new car at the end of this week which cost £6k, the vauxhall garage offered it to me for £399 but i have since sourced a company called ALA which offers it to me for about £129.
I only do about 4k miles (or less per year) so wondered if it was worth it or not to get it out? They also offer other stuff too, eg scratch repair, alloy wheels protection, but not sure what the excess is, would have to look into that.
thanks in advance
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Go with the AA mate, I've had several through the AA and they're on the money.
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24-10-2013, 20:52
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#6
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Guest
Location: Near Hungerford, West Berkshire
Services: TV: Sky HD, Landline: BT,
Mobile: Orange, Internet: Quite Slow!
Posts: n/a
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Re: Gap Insurance
First post....quoting a company that has a good deal on xyz.....
Ummmmm.....
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