I have just ordered a new Fabia on PCP over 42 months and looking to buy GAP insurance. Although good advice has been provided on the merits and companies to consider can anybody help with some guidance on first year deferral? I've checked and my car policy will replace the car with a new one in the first year, so will I need to get a quote for a 3 year GAP policy or 4 years to cover the 42 months of the PCP agreement? I think it's the former but thought it best to ask. Thanks

My provider - Gapinsurance.co.uk - deferred the start date for 12 months (actually 364 days because the policy had to be started within 12 months of me taking delivery of the car). There was absolutley no problem. So, I have a 3 year policy which covers years 2 to 4 because my car insurance will provide a new replacement in the event of a write-off in year 1. 

 

I would ask each company you seek a quote from about derring the start date, but certainly it is do-able. I would also ask about a 30 month policy with the start date deferred to the 1st anniversary of you taking delivery - might be possible to have a bespoke term and if so, no point in paying for a 6 month period of cover you do not need.