Insurance Gap Insurance

LNT · 28th March 2007, 23:49

When I had my car handed over the other day, the handover chap offered me gap insurance, as I'm sure you're all aware of. It was a take it or leave it at the time, which I left, at the time, seeing as though it was £330 for 3 years. Got home, did a bit of checking on the internet and managed to get a quote for £151 from AXA for 3 years based on a £15,000 deficit from regular insurance payout.

If you're about to get your car handed over, my recommendation is to tell the handover man or sales(wo)man that you will consider the gap insurance they're offering, but you can get it for under half that price with other companies. It may be that they offer it for less, I'm not sure, I haven't tried yet.

Remember, at point of handover, it's an exciting time, and the figures quoted, especially when they show you that sliding graph of depreciation is tempting, but it's an impulse decision, which generally mean that it's a poorly thought out decision, so if you're tempted, I'd suggest you resist the urge. It's a bit of an ambush, and something the salesman could advise beforehand. But they don't do that because they want to take advantage of your excitement of picking your car up. I think there's a banner on here for surf and protect, which I clicked on and it was AXA that quoted a higher figure at first, then they matched another figure. I daresay I could get it even lower. The Honda chap will also no doubt say the offer lasts a few days, although most companies will allow up to 30 days.

My apologies to any salesmen or Honda reps on here thinking I've put your nose out of joint, but I'm only thinking about the customer, and them not being taken advantage of. If it is a worry for the Honda reps amongst you, then be honest at point of sale, advise that it's available, and promise to match any lower quote!

basegreen · 28th March 2007, 23:53

Might as well skip the messing about and just get it from one of our GAP partners.

digipeep · 28th March 2007, 23:58

Thanks for the info, the salesman at my local garage tried to sell the Gap insurance to me at £299, and I'm sure I didn't walk into the showroom with "MUG" on my forehead. Why do they do it after securing a sale for £15k+ for a car.

You just have to smell a rat when car salesmen become insurance salesmen.

allan40alt · 29th March 2007, 10:00

Have a look here....

Gap Insurance

Blueberry · 29th March 2007, 23:10

I am thinking of getting GAP insurance but I am unable to find out the following info.

Are you able to pay for GAP insurance monthly (like normal insurance) or do you have to pay a one off payment

Topcat · 29th March 2007, 23:16

Quote:

Originally Posted by Blueberry

I am thinking of getting GAP insurance but I am unable to find out the following info.

Are you able to pay for GAP insurance monthly (like normal insurance) or do you have to pay a one off payment

This may help you;

http://www.click4gap.co.uk/faq.asp

chriswarwick · 5th April 2007, 10:45

Just checked my insurance details and I get a sort of Gap insurance included. If, during the first year, the car is damaged to the extent of 70% or more, I get a brand new car.
That'll do me - I change to a EX next month.
Insurance is through swiftcover.com and I pay under £200 for my 1.8ES.

Topcat · 5th April 2007, 14:55

Quote:

Originally Posted by chriswarwick

Just checked my insurance details and I get a sort of Gap insurance included. If, during the first year, the car is damaged to the extent of 70% or more, I get a brand new car.
That'll do me - I change to a EX next month.
Insurance is through swiftcover.com and I pay under £200 for my 1.8ES.

My insurance is the same - Sheilas Wheels

ctrsilver1 · 6th April 2007, 09:13

hi ,just reading about gap cover and looked a little further,thought you may like this site for prices on gap cover,tyre cover etc www.car2cover.co.uk got price 3 yrs cover return to invoice price £149 or upto £10k cover 3yrs £103 hope you find this helpful

snowgoon · 6th April 2007, 15:49

Has anyone ever USED their gap insurance? Just curious as I've heard many stories of 'small print' rendering the insurance null and void.

"I'm sorry Sir, didn't you read the small print? Says that you aren't covered if you've driven more than 1 mile on a Wednesday after 9pm and have passed any fields which have sheep in them. It's quite clear really.."

28th March 2007, 23:49	#1 (permalink)
LNT Triangular Exhaust Join Date: 24th March 2007 Location: England Posts: 207 Thanks: 0 Thanked 1 Time in 1 Post	Gap Insurance When I had my car handed over the other day, the handover chap offered me gap insurance, as I'm sure you're all aware of. It was a take it or leave it at the time, which I left, at the time, seeing as though it was £330 for 3 years. Got home, did a bit of checking on the internet and managed to get a quote for £151 from AXA for 3 years based on a £15,000 deficit from regular insurance payout. If you're about to get your car handed over, my recommendation is to tell the handover man or sales(wo)man that you will consider the gap insurance they're offering, but you can get it for under half that price with other companies. It may be that they offer it for less, I'm not sure, I haven't tried yet. Remember, at point of handover, it's an exciting time, and the figures quoted, especially when they show you that sliding graph of depreciation is tempting, but it's an impulse decision, which generally mean that it's a poorly thought out decision, so if you're tempted, I'd suggest you resist the urge. It's a bit of an ambush, and something the salesman could advise beforehand. But they don't do that because they want to take advantage of your excitement of picking your car up. I think there's a banner on here for surf and protect, which I clicked on and it was AXA that quoted a higher figure at first, then they matched another figure. I daresay I could get it even lower. The Honda chap will also no doubt say the offer lasts a few days, although most companies will allow up to 30 days. My apologies to any salesmen or Honda reps on here thinking I've put your nose out of joint, but I'm only thinking about the customer, and them not being taken advantage of. If it is a worry for the Honda reps amongst you, then be honest at point of sale, advise that it's available, and promise to match any lower quote!

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This thread is about: Gap Insurance, it's in Buying, Dealers and Servicing at the Honda Civic forum Civinfo; When I had my car handed over the other day, the handover chap offered me gap insurance, as I'm sure you're all aware of. It ...

28th March 2007, 23:53	#2 (permalink)
basegreen Super Moderator Civinfo guru Join Date: 15th April 2006 Location: noitacoL Posts: 2,865 Thanks: 0 Thanked 2 Times in 2 Posts	Might as well skip the messing about and just get it from one of our GAP partners.

28th March 2007, 23:58	#3 (permalink)
digipeep Valve Cap Join Date: 6th January 2007 Location: Cornwall, UK Posts: 34 Thanks: 0 Thanked 0 Times in 0 Posts	Thanks for the info, the salesman at my local garage tried to sell the Gap insurance to me at £299, and I'm sure I didn't walk into the showroom with "MUG" on my forehead. Why do they do it after securing a sale for £15k+ for a car. You just have to smell a rat when car salesmen become insurance salesmen.

29th March 2007, 10:00	#4 (permalink)
allan40alt Supporter Civinfo guru Join Date: 6th August 2006 Location: Rugby, Warwickshire. Posts: 2,138 Thanks: 6 Thanked 26 Times in 25 Posts	Have a look here.... Gap Insurance

29th March 2007, 23:10	#5 (permalink)
Blueberry Valve Cap Join Date: 8th December 2006 Location: Cottingham, Nr Hull East Yorkshire Posts: 12 Thanks: 0 Thanked 0 Times in 0 Posts	I am thinking of getting GAP insurance but I am unable to find out the following info. Are you able to pay for GAP insurance monthly (like normal insurance) or do you have to pay a one off payment

5th April 2007, 10:45	#7 (permalink)
chriswarwick Wheelnut Join Date: 24th November 2006 Location: A village near Warwick Posts: 61 Thanks: 0 Thanked 0 Times in 0 Posts	Just checked my insurance details and I get a sort of Gap insurance included. If, during the first year, the car is damaged to the extent of 70% or more, I get a brand new car. That'll do me - I change to a EX next month. Insurance is through swiftcover.com and I pay under £200 for my 1.8ES.

6th April 2007, 09:13	#9 (permalink)
ctrsilver1 Valve Cap Join Date: 29th March 2007 Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts	hi ,just reading about gap cover and looked a little further,thought you may like this site for prices on gap cover,tyre cover etc www.car2cover.co.uk got price 3 yrs cover return to invoice price £149 or upto £10k cover 3yrs £103 hope you find this helpful

6th April 2007, 15:49	#10 (permalink)
snowgoon Valve Cap Join Date: 26th March 2007 Location: Hamilton, Scotland Posts: 28 Thanks: 0 Thanked 0 Times in 0 Posts	Has anyone ever USED their gap insurance? Just curious as I've heard many stories of 'small print' rendering the insurance null and void. "I'm sorry Sir, didn't you read the small print? Says that you aren't covered if you've driven more than 1 mile on a Wednesday after 9pm and have passed any fields which have sheep in them. It's quite clear really.."