What GAP insurance company did you go with?

[squirrelGTi]

Am i right in saying that some insurance companies actually do return to invoice for the first year anyway?

I think most insurance companies will give you a brand new car, if yours is written off in the first 12 months (from new), which is even better than RTI GAP.

However to get GAP insurance you need to take it out within 3 or 6 months of buying your car.

The thing about GAP on a car like like the GTi and R is that these cars are stolen quite frequently (just have a look on the forums  ) and you don't actually pay any more for GAP insurance than you would for a much less nickable car like a Hyundai or Kia     For that reason and IMHO, GAP on the GTi and R is a bit of a no brainer at these prices. 

Completely agree!

I'm not going to go with the dealer option by i'll take out a policy with one of the the companies mention in this thread.

[gibby]

There's another GAP insurance thread kicking about in the mk5 section (I think) which might mention a couple of other companies to try too, but directgap was the cheapest I found when I was looking. BMW wanted something like £400 - £500 for 3 years gap and they wanted £300 for tyre insurance when we bought a new car. Yeah right.

[Snoopy]

Am i right in saying that some insurance companies actually do return to invoice for the first year anyway?

(EDIT - On new cars)

Mine does not they said so when i took out the policy its another reason im looking into it.

[daviescotland]

Directgap.co.uk for me about £140 3years/£10'000 cover which should be enough.

Davie

[jamescar]

I have just recently written off my MK5 Golf GTI, unfortunately I got a huge discount on list price and covered the vehicle with www.directgap.co.uk on a RTI policy for £18,300.
The insurers have paid out £15,000 and directgap paid me out £3,300 under the policy within 5 days.  I am lookling to replace my car with a new GTI and they have offered me a vehicle replacement policy.  This apparently covers any discounts and gives you a new car if you write it off?  Has anyone else any experience with this type of policy?

[map541]

I got my gap insurance from ALA as well. £123 for cover plus 25% cash back from Quidco, meant I got it for £93.

[RickS]

Got gap cover through my dealer £25k cover over 4 years for £250... Prob not the best deal out there but gives me peace of mind!

I also looked closely at ala... But a word of warning look carefully at the small print! The ala policy I looked at (back to invoice plus) had a maximum payout 105% of Glass’s Guide retail price... So if the car was written off (depending on spec) it would not cover all options.

You don't need 25K of cover, as stated by others and as the name implies, you only need to cover the GAP between what your insurance will pay you and the cost to replace as new.
In any case I think it's a waste of money, as your car is depreciating all the time if you sold it you would only get market price at the time anyway, you wouldn't expect to get the full new price, so if you get my meaning, you are not really losing anything as such if you don't have GAP cover.

[Jimble]

^It's only a waste of money if you never write the car off, which we all hope we never do! However, if it happened to me i'd rather have a brand new car than whatever i could afford with the insurance payout! For what it costs for GAP i think it's worth it.

[RickS]

^It's only a waste of money if you never write the car off, which we all hope we never do! However, if it happened to me i'd rather have a brand new car than whatever i could afford with the insurance payout! For what it costs for GAP i think it's worth it.

I hear what you are saying Jimble, but you miss my point I think. Let's say for example your car cost £28K and at 12 months old it is worth £25K, what's the difference between selling it for £25K or getting £25K off the insurance company if it's written off? There isn't any difference, so if you get my point, you are not really losing anything, you are just getting what the car's worth.

[Jimble]

^i might be missing the point tbh, it's still early! But lets say you write the car off after 2yrs and 10months and you've got 3 year 'return to invoice' GAP, your car would be worth 14grand at best but with gap you'd get the 25k back that you paid and it's only cost about an extra £200. Of course if you sell the car then it makes no difference and you'll only get what it's worth.