The advert on this forum is good price.,then I took quote to Audi and they matched,there is a thread bout this on here,I think I paid £180 for 3 years ,very reasonable I thought 😄

 

Do it - i got caught out on the my last car writing it off at 11 months old. Cost me the best part of £20k. At ~£200 its a no brainer for me!

I just had them add it to my deal FoC.

 

I just took out a policy £189 4 years return to invoice from http://www.gapinsurance.co.uk/Default.asp

 

Fantastic price mate,very good deal 😄

 

Any thoughts on how this compares to Audi's own asset protection which I have been given free on my new Q5?

 

Negotiated Audi's own GAP insurance at time of vehicle purchase, which they ended up providing FOC.
3 year policy, underwritten by Mapfre / Abraxas and I think "standard" price would have been £399.

 

I went with Frank Pickles (very competitive and helpful). My own comprehensive insurance covers year 1 and GAP covers years 2, 3 & 4. IMO better cover than Audi.

 

As per Hectorshouse, I got a 4yr policy starting when my car is 1yr old as LV= do 'new for old' for 1st yr. Got a 25K max pay-out for Vehicle Replacement rather than Return to Invoice so, in theory anyway, within the 25k limit plus my own insurance pay-out I get a brand new Q5 rather than the price I paid at the time. I paid £229 with www.gapinsurance123.co.uk

 

Thanks for all the info.

What's the benefit of a max payout of £25k - is it because the insurance company would be expected to at least pay £15k? (If it's a £40k car)

 

I realise it'll be tight if my car's a write off at 4.5yrs old, but yes, it's meant to plug the difference between my insurers settlement and enable me to buy a new model. It was the limit from that co. You can pay extra with others and increase that GAP limit over 25k.

 

Some like Frank Pickles will do full car value cover for a little bit more, that takes away any guess work as regards future values etc.

Be careful with the first year new car replacement, I went through that recently for my Dad and its full of clauses. Main issue is if the model has been updated or increased in cost, this happened to him with a very minor upgrade and name change for the model. That meant insurers could have reverted to their standard clause of market value which was at least 3 grand less than needed to replace the car even only at 7 months old. Big fight ensued including insurers wanting to supply a new car via a broker rather than his local dealer who he had a good relationship with as regards servicing, collection of car etc.

Thats only a small part of the detail but my advice is to always take GAP for the full term, it doesn't cost much more to take 4 year cover rather than 3 therefore your car is fully covered from the word go, means if your insurers wiggle on the new car replacement you still have GAP to fall back on.

Also consider replacement insurance rather than return to invoice, they don't physically replace the car but rather give you the money to replace with a brand new car. In say 3 years there could have been quite a price rise and if you negotiated a discouht first time around you may not be able to get that discount again on a new car.

 

http://www.telegraph.co.uk/motoring/how-to/10586462/How-to-avoid-paying-too-much-for-gap-insurance.html

 

Great link thanks.

What should I be looking at in terms of value of cover? - car is £40k at purchase price, so I would assume need about £17,500 of cover? based on a 4 year PCP deal

 

There was a £5 difference between £25,000 limit and full return to invoice.

 

There is usually a very small difference in premiums for the various claims levels and sometimes a higher claim limit can be cheaper. This is the case with Frank Pickles where 10k cover for 3 years costs less than 7500 or 5000. They were price matching a competitor apparently hence I would try all the levels and over estimate as who knows what happens to values in the future.

 

Hi,
Just to let you know that we offer a product called Total Loss Protection. Whilst it's not quite the same as your traditional GAP product we feel that it offers a realistic cost effective alternative. If you require any further information please feel free to drop me a line and I'd be happy to arrange for one of my quotes team to give you a call back.
Regards,
Dan.

 

Can u take gap out on 2nd hand cars ? 😄

 

Can u take gap out on 2nd hand cars ? í ½í¸„

Yes.

Sent from AutoGuide.com Free App

 

Does anyone know who underwrites Frank Piccles Gap insurance? I spoke to my dealer and they charge £399 for a three year policy whereas Frank Piccles is £150. I just want to make sure the underwriters are reputable before I take out a policy.

 

According to their website...

Underwritten by UK General Insurance Limited, on behalf of Ageas Insurance Limited - the 10th largest overall personal lines insurer in the UK.**

 

What would happen on return to invoice if you bought the car at a discount and no longer have the invoice?

 

Finally got round to getting my GAP insurance. My dealer refused to budge on price so I've just used Frank Pickles too.

 

I went with Frank Pickles last week, Return to Invoice. £25k gap cover for 3 years was £147 vs £153 to cover the total purchase price of £46,600. Good value in my book and underwritten by Ageas, so peace of mind too. The guy at FP was very easy to deal with and very helpful as well.

 

Sounds like a gr8 price 4 that cover 😄

 

The best price I've been offered by the Audi dealer is £399, so will probably look elsewhere.

 

Got exact same quote from Audi.. (they wouldn't budge on price).Frank pickles £170 for 3 years..

 

I had never heard of Frank Pickles till I read this forum. He seems popular among forum members and certainly very reasonable prices. Has anyone had long term dealings with him, and any reports regarding claims and payouts? I ask because I need to decide in next few days, and already told Audi to stick their quote in the same place as Autoglym and SMART Plus

 

I tried to get Audi to match a quote, but they said 399 was the best, as originally it was 599....

 

£499 for me, there you go.