GAP Insurance

[Boulton]

I'm picking up my new GTI today and will take out GAP insurance. The prices the dealer have quoted me when I ordered the car are unsurprisingly dearer than the quotes I have had online.

Has anyone used companies such as shortfall and total loss gap before?

[SRGTD]

VW GAP insurance is very expensive; I suspect this is due to them applying a large profit mark up to the net prices their supplying insurer have provided them with. Most of the forum members who have GAP cover are unlikely to have bought VW's GAP product, because of it's high cost - some may have it if they've managed to negotiate it a a 'freebee' when they bought their car.

I used ALA for my GAP cover. Other GAP insurers that get mentioned quite regularly are GAP Insurance 123 and Direct GAP. You can usually find discount codes for GAP insurers' products if you do an internet search. ALA have a long standing discount code VP10, which will give you a 10% discount, but I see they are currently giving a discount of 11% using code VCLOUDALA11.

Some of the GAP insurers will also offer a price promise guarantee and will undercut competitor prices, so worth doing a bit of research and you'll find a price that significantly undercuts VW's price for the cover.

[hog_hedge]

I have Vehicle Replacement Plus also through ALA and it's valid for four years and it cost me around £220.

[I wanted a GTi]

I have Vehicle Replacement Plus also through ALA and it's valid for four years and it cost me around £220.

ALA are very good and anyone else I have heard of using them was also ver pleased with there service.

Don't use VW's offerings unless you like throwing money away.

[Boulton]

Thanks everyone. I'm going to call ALA now they do a price match where they'll beat a like for like quite from a competitor by 20% of the difference.

[sam67GTD]

I was quoted £599 for VW's GAP Insurance. I asked them to remove it off the invoice when I made the deal. I had made enquiries with ALA and a few other companies and the price was working out about £250.

The day I collected my car, they salesman asked if I'd taken out GAP insurance. I said I could source it for around £250 and was going to purchase it today. I jokingly said that if you can do the VW GAP insurance for the same price, I'd take it and guess what? They did! So now I've got the VW 4 years back to invoice GAP insurance for £250. Well happy 

[SRGTD]

If the dealer can slash the VW price of GAP from £599 to £250 it just goes to show how much commission mark up they're loading onto their supplying insurer's net price. Worryingly, some customers will pay these inflated VW prices.

Personally, I'd always go for new car replacement GAP cover, so if the worst does happen, you can get a new replacement car with the claim money from your motor insurance and GAP insurance at the time of loss, rather than just get what you paid for it.

[Mark V GTD]

Yes - I would agree - always go for 'New care Replacement' policy as otherwise you are constrained by what you paid for the car and wont be able to get something better in the event of a total loss. In fact, if prices have risen you will not even be able to replace the old car so would need your basic insurance, Gap Insurance plus cash on the top!

[Booth11]

Try PISTON12 discount code for ALA.  Money10 usually works too.

I have ALA Vehicle Replacement Plus policy for reasons mentioned above.

[GeoBog]

I too went with Ala last year when I bought the GTI, went for Vehicle Replacement Plus policy for the same reasons already described above. Ala price matched Gap123 and gave a further 12% off with code PISTON12.