Yes I know this is an old chestnut But I am about to take delivery of an L&K 150TDI DSG Estate.

ALA Car2 cover andGap123 are the ones I have had a look at.

Any had GOOD experiences with any of these PLEASE.

I know Skoda will ask me to go with them BUT am I safe with these others???

Go with the others. How will you know you are safe unless you have to use it? Just because skoda gap insurance comes from your ever smiling car salesman does not guarantee it will be better. Also you pay easily three times more for it through skoda.

Would you/ do you always choose skoda insurance every time?

Shop around. Spend money wisely, after all the skoda sales team will make commission on selling cars and products such as gap hence their incentive to sell it you.

Worth checking out what Chris Knott will quote. It was about 3/5 of skoda's quote for me

Like all forms of insurance, don't buy it unless either you are legally required to have it, or because you can't afford not to have the cover. 

Edited 5 March, 201610 yr by TDIum

check this thread out

http://www.briskoda.net/forums/topic/362750-skoda-gap-insurance/

I went with this firm.

http://www.briskoda.net/forums/forum/309-gap-insurance/

They sponsor this site so you get a 10% discount. Make sure you mention it!

Two year return to invoice with more than enough cover was £98.

Post a message, they will happily discuss what you need and why there policy is BETTER than the one Skoda will sell you. Have a look at some of the threads and links they have posted if you need proof!

Edited 6 March, 201610 yr by Dinesy

Just priced up GAP on an Octavia Scout lease.

 

2 years @ 8,000 miles = £119.

 

That was with gapinsurance123.

 

The only question I was unsure of was the amount of cover required over and above the value of the car at the point of claim. I went with the highest option @ £25K, not sure if this is correct.

Just priced up GAP on an Octavia Scout lease.

 

2 years @ 8,000 miles = £119.

 

That was with gapinsurance123.

 

The only question I was unsure of was the amount of cover required over and above the value of the car at the point of claim. I went with the highest option @ £25K, not sure if this is correct.

I have a Scout on a two year lease. When I spoke with Gapinsurance.co.uk I was advised that £10'000 was more than enough to cover it. So that what I have.

I was offered skoda gap insurence at 500 quid and told them no. Basically I thought even if I did have an accident I would not be any better off having paid this as you still have to declare you have had an accident, hence the next year's premiums will still rise.

I was offered skoda gap insurence at 500 quid and told them no. Basically I thought even if I did have an accident I would not be any better off having paid this as you still have to declare you have had an accident, hence the next year's premiums will still rise.

If that was your reason for turning GAP down then it's either been described to you incorrectly or you've misunderstood what it is.

That is very expensive though.

Went with ALA without issue. Also worked out the cheapest as they are on quidco with quite a decent cash back rate.....

I have a Scout on a two year lease. When I spoke with Gapinsurance.co.uk I was advised that £10'000 was more than enough to cover it. So that what I have.

 

I'm very close to doing the same!

 

Simpson Skoda have checked UK availability and there are some on their way that are still available, a black one and a couple of Moon White ones, 6-8 week lead time.

 

Very tempted!

Edited 6 March, 201610 yr by silver1011

If that was your reason for turning GAP down then it's either been described to you incorrectly or you've misunderstood what it is.

That is very expensive though.

 

I was led to believe if i had an accident the gap insurance pays the difference in price and basically puts me back to the price i payed for the car (I.e guaranteed asset protection). not the price the insurance company pays out.

 

Also another reason is i paid cash for the car as i keep cars along time and save, so i thought it was pretty pointless. I was of the understanding its for people who use HP so you don't get into negative equity situation.

 

However there are many types of gap insurance, but my point of the premium going up is still true. so yes you may get reimbursed for the gap from insurance pay out to price paid, but you still claimed so you still have to declare it to the insurance company ie you are a higher risk.

check this thread out

http://www.briskoda.net/forums/topic/362750-skoda-gap-insurance/

 

Very useful link, thanks!

I'm very close to doing the same!

 

Simpson Skoda have checked UK availability and there are some on their way that are still available, a black one and a couple of Moon White ones, 6-8 week lead time.

 

Very tempted!

Got mine from Simpsons. Easy to deal with, good service(except not filling the washer bottle!!)

I can see me doing it again once this deal comes to an end. My local Skoda dealer did say that they would have liked me to have given them an opportunity to match Simpsons deal. We'll see what's about in a couple of years then!?

Just scroll down to Sponsors and click on Gap Insurance - they are great.

 

I was able to get a 4 year policy to cover up to £20k for just £123 after discount.  They also let me deffer the start date for 1 year as my ins co offers full cover for the first year on a new car and I did not want to buy double cover for the first year.  So I effectively got 5 years of cover up to £20k for the price of a 4 year policy - I do intend to keep the R for 5 years.

FWIW I can't fault Simpsons (Great Yarmouth). 

 

I've been costing gap insurance vs. what I have been quoted by a different Skoda dealer - I'm down to about 1/3-1/2 the price going online.  However, the car I am buying is already 18 mths old and I imagine has already depreciated a lot from its drive off the forecourt price. 

 

What I keep trying to remember is that good comprehensive insurance will give you market value, so what you are really trying to cover on a second hand car (which has already done most of its bulk depreciation) is, 1) any depreciation due to age that is still accruing - I see this is as tailing off with time and mileage) and 2) any mark-up the dealer put on the trade-value of the car.  So this ISN'T the whole purchase price - rather it might only be the difference of a few thousand pounds.  So then you have to ask yourself how much is it worth to me to carry that risk rather than pay £89 (through an online insurer) to cover it for a few years and then it will only pay-out if the repair cost is more than the car is worth (i.e. its written off) or else your comp. insurance will pay to repair it.  At this moment in time as the new (secondhand) car is only 18 mths old I might feel £89 is worthwhile - but I shan't go with the dealers package.

FWIW I've just phoned the Brisokoda recommended Gap insurance group and got £10K invoice price gap insurance for three years for a smidgen over £80 - eminently worthwhile when the dealer quoted me iirc about £289.  

Just scroll down to Sponsors and click on Gap Insurance - they are great.

 

 

 

 

I need new glasses - just trawled the site and can't find this anywhere :(

FlyingGecko check out the link in Dinsey's post above - I followed that and the link is at the top of the page.

Edited 7 March, 201610 yr by OctaviaJo

Cheers, OctaviaJo.

Thats not the one I meant, if you scoll down the site to the Classifieds section just above that is the Sponsors section and half way down the Sponsors links is Gap Insurance - they are a different sponsor and insurer - link on the Briskoda site------

 

http://www.briskoda.net/forums/forum/309-gap-insurance/

 

At the top of the posting area is a link to their web site

 

Once you get a quote talk tothem direct and you get a 10% Briskoda discount and a further 5% back if you like them on facebook

Edited 7 March, 201610 yr by octavia5

Thanks, that's the one I found.

I was offered skoda gap insurence at 500 quid and told them no. Basically I thought even if I did have an accident I would not be any better off having paid this as you still have to declare you have had an accident, hence the next year's premiums will still rise.

 

 

I was led to believe if i had an accident the gap insurance pays the difference in price and basically puts me back to the price i payed for the car (I.e guaranteed asset protection). not the price the insurance company pays out.

 

Also another reason is i paid cash for the car as i keep cars along time and save, so i thought it was pretty pointless. I was of the understanding its for people who use HP so you don't get into negative equity situation.

 

However there are many types of gap insurance, but my point of the premium going up is still true. so yes you may get reimbursed for the gap from insurance pay out to price paid, but you still claimed so you still have to declare it to the insurance company ie you are a higher risk.

 

Paying cash for the car and saving, does not create a sound financial argument for NOT buying GAP insurance

 

Consider, the average vehicle depreciates by at least 50% over a three year period with some depreciating by as much as 70%.  Take for the sake of an example, a brand new car purchased for £20,000, this would give a potential 3-year depreciation range of between £10,000 and £14,000.  Let's assume for the sake of an example, that at the time of the vehicle being written off through accident, fire, theft or flood etc, this £20k car had depreciated by a figure inbetween the two, of £12,000.  In which case, your Motor Insurer would be paying out £8,000 as the Total Loss value of the vehicle.

 

Further assume that at the time of payout, you want to buy the same vehicle again and, a new equivalent is still on sale for £20,000.  You'd clearly need to dip in to your savings by as much as £12,000 (less any potential discount granted off the purchase price).  Alternatively, you could have benefitted from having purchased a 3-year Invoice GAP insurance policy from us, incorporating a £15,000 Claim Limit for £97.61 which would have seen us pay that £12,000 for you.

 

Take my example further... using almost all of the same figures above, let's assume at the time of claim the cost of the equivalent brand new vehicle has increased from £20,000 to £22,000.  Without GAP insurance your savings would be taking a hit to the tune of £14,000... but you could have benefitted from buying a 3-year Replacement GAP insurance policy from us, incorporating a £17,500 Claim Limit for £140.18 which would have seen us pay that £14,000 for you.

 

Of course, the common counter argument against the above, are those people who say that they'd be happy just to replace the vehicle with the £8,000 paid out by their Motor Insurer... possibly with the addition of a small contribution from their savings.  Well.. you *could* do that, but why would you given that our policies pay out in cash to the policyholder?  E.g. at the time of any claim, unlike some other GAP insurance companies we don't force you to let us replace your vehicle, we don't have any "special" arrangements with any Motor Dealers that would see us force you to deal with any particular dealer and we don't tell you what you need to do with the funds that we pay to you.  You can dispose of them as you see fit.

 

So (in the above example) you *could* take the £8k from your Motor Insurer and the £12k or £14k (depending on the policy type) from us and you *could* spend just £8,000 on your next vehicle and... you *could*... if you so desired, top up your savings with the excess funds... or, you *could* buy a brand new vehicle again at comparatively little cost to you with your savings intact.

 

See www.gapinsurance.co.uk for more details and call us on 01943 850999 to get 10% off our GAP insurance premiums as BRISKODA members.

 

Regards

 

David

 

PS: To everyone who's recommended us in this thread: Thank you! :clap:

Paying cash for the car and saving, does not create a sound financial argument for NOT buying GAP insurance

 

Consider, the average vehicle depreciates by at least 50% over a three year period with some depreciating by as much as 70%.  Take for the sake of an example, a brand new car purchased for £20,000, this would give a potential 3-year depreciation range of between £10,000 and £14,000.  Let's assume for the sake of an example, that at the time of the vehicle being written off through accident, fire, theft or flood etc, this £20k car had depreciated by a figure inbetween the two, of £12,000.  In which case, your Motor Insurer would be paying out £8,000 as the Total Loss value of the vehicle.

 

Further assume that at the time of payout, you want to buy the same vehicle again and, a new equivalent is still on sale for £20,000.  You'd clearly need to dip in to your savings by as much as £12,000 (less any potential discount granted off the purchase price).  Alternatively, you could have benefitted from having purchased a 3-year Invoice GAP insurance policy from us, incorporating a £15,000 Claim Limit for £97.61 which would have seen us pay that £12,000 for you.

 

Take my example further... using almost all of the same figures above, let's assume at the time of claim the cost of the equivalent brand new vehicle has increased from £20,000 to £22,000.  Without GAP insurance your savings would be taking a hit to the tune of £14,000... but you could have benefitted from buying a 3-year Replacement GAP insurance policy from us, incorporating a £17,500 Claim Limit for £140.18 which would have seen us pay that £14,000 for you.

 

Of course, the common counter argument against the above, are those people who say that they'd be happy just to replace the vehicle with the £8,000 paid out by their Motor Insurer... possibly with the addition of a small contribution from their savings.  Well.. you *could* do that, but why would you given that our policies pay out in cash to the policyholder?  E.g. at the time of any claim, unlike some other GAP insurance companies we don't force you to let us replace your vehicle, we don't have any "special" arrangements with any Motor Dealers that would see us force you to deal with any particular dealer and we don't tell you what you need to do with the funds that we pay to you.  You can dispose of them as you see fit.

 

So (in the above example) you *could* take the £8k from your Motor Insurer and the £12k or £14k (depending on the policy type) from us and you *could* spend just £8,000 on your next vehicle and... you *could*... if you so desired, top up your savings with the excess funds... or, you *could* buy a brand new vehicle again at comparatively little cost to you with your savings intact.

 

See www.gapinsurance.co.uk for more details and call us on 01943 850999 to get 10% off our GAP insurance premiums as BRISKODA members.

 

Regards

 

David

 

PS: To everyone who's recommended us in this thread: Thank you! :clap:

Can gap insurence be purchased 2 months after the car was purchased?