Insurance GAP Insurance

jont122 · 26th September 2007, 22:55

Hello

How any of you taken GAP insurance out for your car?

My dealer has offered it to me from Honda for £395 for 3 Years cover upto £15,000. To cover the relacement cost difference if my car get written off.

Is that about the right price?

As I have seen it for sale at other sites for quit a bit less?

What do people think of GAP Insurance in General?

Regards

TTDegs · 26th September 2007, 23:17

quite a bit of GAP discussion in the Buying section which is worth reading

smeg9 · 26th September 2007, 23:19

You can probably get cheaper than that, I was offered £300 from honda, he came down a bit when I mentioned internet deals at around £130, but said the honda one was bells and whistles, and that it's more expensive because it is, or rather it's better because it's more expensive.

Jack The Lad. · 26th September 2007, 23:31

I was offered it for £350.
Didn't take it up, - as with all insurance, one can go on forever.
Am sure that there will be a company somewhere, who will be pleased to take your dosh to cover you against E.T. p--ing in your boot.
Have to draw a reasonable line for cover, whether it be house, car or "Er Indoors".

prawncracker · 27th September 2007, 02:37

Definitely consider getting one, but not from Honda, as it very expensive.
A Civic (be it 1.8, 2.2 or Type-R) is unlikely to loose 15k in value over three years, so the 15k cover is a bit excessive and unnecessary. Look elsewhere for cover of 7.5-10k and there are deals to be had from £130.

MickJ · 24th October 2007, 19:55

When we ordered the R the dealer offered us the GAP insurance for £495 but when I refused and explained that due to having bad experience's with a BMW stealer ripping me off not once but twice he offered it to us for £250, needless to say we took it....

angie4m · 24th October 2007, 20:10

I've been offered it at £350. Dealer said you pay £175 up front and then pay the rest monthly over 10 months interest free. But its still a rip off at that price. I have been quoted about £160 elsewhere.

I'm not planning on having an accident so its a catch 22 situation. Its a bit like paying £625 for a warranty on a BMW Mini for a year and not using it! Grrr!

Jack The Lad. · 24th October 2007, 20:37

They wanted £350 from me too.
No way, at that price.

dougl65 · 24th October 2007, 20:58

Believe me GAP insurance would have saved me a mint if I'd had it! Total loss and crappy insurance payout as usual as it is based on Glass's Guide. You should be able to get three year cover on a car less than 20k for about £130 to £160.

JIMBO7268 · 24th October 2007, 21:58

I have been looking too. Best quote I could find was the link below:

GAP insurance from HC For You

I intend to take out as I do a fair amount of mileage and know the car will loose value quicker.

HC underwrite a number of the policies offered by brokers and stealers

matg · 25th October 2007, 10:03

Quote:

Originally Posted by JIMBO7268

I have been looking too. Best quote I could find was the link below:

GAP insurance from HC For You

I intend to take out as I do a fair amount of mileage and know the car will loose value quicker.

HC underwrite a number of the policies offered by brokers and stealers

is that Hitachi as in the electronics company?

angie4m · 25th October 2007, 13:25

Quote:

Originally Posted by matg

is that Hitachi as in the electronics company?

Is it not Hitachi Capital who are a finance company with no connection to the electronics business. Usually find Hitachi Capital supplying the intrest free agreements in places like Goldsmiths etc.

I found a few good GAP providers via Auto Trader website if your wanting to have a look

BlueAstra · 25th October 2007, 14:35

I was offered Honda Finance GAP with my new civic. £395 for three years, including 'free' AutoGlym Lifeshine paint and interior finish. Checked on the web and found similar GAP for around £200, and Lifeshine from a valet company for about £180.

26th September 2007, 22:55	#1 (permalink)
jont122 Wheelnut Join Date: 21st September 2007 Location: Doncaster Posts: 87 Thanks: 0 Thanked 0 Times in 0 Posts	GAP Insurance Hello How any of you taken GAP insurance out for your car? My dealer has offered it to me from Honda for £395 for 3 Years cover upto £15,000. To cover the relacement cost difference if my car get written off. Is that about the right price? As I have seen it for sale at other sites for quit a bit less? What do people think of GAP Insurance in General? Regards

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This thread is about: GAP Insurance, it's in Buying, Dealers and Servicing at the Honda Civic forum Civinfo; Hello How any of you taken GAP insurance out for your car? My dealer has offered it to me from Honda for £395 for 3 ...

26th September 2007, 23:17	#2 (permalink)
TTDegs Super Moderator Civinfo master Join Date: 4th August 2006 Location: Cardiff Posts: 5,638 Thanks: 0 Thanked 1 Time in 1 Post	quite a bit of GAP discussion in the Buying section which is worth reading

26th September 2007, 23:19	#3 (permalink)
smeg9 Wheelnut Join Date: 29th July 2007 Posts: 61 Thanks: 0 Thanked 0 Times in 0 Posts	You can probably get cheaper than that, I was offered £300 from honda, he came down a bit when I mentioned internet deals at around £130, but said the honda one was bells and whistles, and that it's more expensive because it is, or rather it's better because it's more expensive.

26th September 2007, 23:31	#4 (permalink)
Jack The Lad. Supporter Rocketship door handle Join Date: 28th August 2007 Location: ENGLAND Posts: 1,549 Thanks: 1 Thanked 15 Times in 15 Posts	I was offered it for £350. Didn't take it up, - as with all insurance, one can go on forever. Am sure that there will be a company somewhere, who will be pleased to take your dosh to cover you against E.T. p--ing in your boot. Have to draw a reasonable line for cover, whether it be house, car or "Er Indoors".

27th September 2007, 02:37	#5 (permalink)
prawncracker Wheelnut Join Date: 23rd May 2007 Posts: 62 Thanks: 0 Thanked 0 Times in 0 Posts	Definitely consider getting one, but not from Honda, as it very expensive. A Civic (be it 1.8, 2.2 or Type-R) is unlikely to loose 15k in value over three years, so the 15k cover is a bit excessive and unnecessary. Look elsewhere for cover of 7.5-10k and there are deals to be had from £130.

24th October 2007, 19:55	#6 (permalink)
MickJ Valve Cap Join Date: 23rd October 2007 Location: Coventry Posts: 26 Thanks: 0 Thanked 0 Times in 0 Posts	When we ordered the R the dealer offered us the GAP insurance for £495 but when I refused and explained that due to having bad experience's with a BMW stealer ripping me off not once but twice he offered it to us for £250, needless to say we took it....

24th October 2007, 20:10	#7 (permalink)
angie4m Why Do I bother? Civinfo guru Join Date: 28th September 2007 Location: Edinburgh Posts: 2,749 Thanks: 17 Thanked 31 Times in 31 Posts	I've been offered it at £350. Dealer said you pay £175 up front and then pay the rest monthly over 10 months interest free. But its still a rip off at that price. I have been quoted about £160 elsewhere. I'm not planning on having an accident so its a catch 22 situation. Its a bit like paying £625 for a warranty on a BMW Mini for a year and not using it! Grrr!

24th October 2007, 20:37	#8 (permalink)
Jack The Lad. Supporter Rocketship door handle Join Date: 28th August 2007 Location: ENGLAND Posts: 1,549 Thanks: 1 Thanked 15 Times in 15 Posts	They wanted £350 from me too. No way, at that price.

24th October 2007, 20:58	#9 (permalink)
dougl65 Supporter Wheelnut Join Date: 18th October 2007 Location: Wanstead, London Posts: 60 Thanks: 0 Thanked 0 Times in 0 Posts	Believe me GAP insurance would have saved me a mint if I'd had it! Total loss and crappy insurance payout as usual as it is based on Glass's Guide. You should be able to get three year cover on a car less than 20k for about £130 to £160.

24th October 2007, 21:58	#10 (permalink)
JIMBO7268 Valve Cap Join Date: 16th September 2007 Posts: 11 Thanks: 0 Thanked 0 Times in 0 Posts	I have been looking too. Best quote I could find was the link below: GAP insurance from HC For You I intend to take out as I do a fair amount of mileage and know the car will loose value quicker. HC underwrite a number of the policies offered by brokers and stealers

25th October 2007, 14:35	#13 (permalink)
BlueAstra Valve Cap Join Date: 22nd October 2007 Posts: 10 Thanks: 0 Thanked 0 Times in 0 Posts	I was offered Honda Finance GAP with my new civic. £395 for three years, including 'free' AutoGlym Lifeshine paint and interior finish. Checked on the web and found similar GAP for around £200, and Lifeshine from a valet company for about £180.