Best GAP Insurance for higher value cars

[mk1salami]

Hi guys,

Porsche main dealer quoted £1500 for Return To Invoice GAP insurance when I bought my GT3RS recently. I said I'd think about it and have a shop around.

I've run into difficulty getting quotes on a car of that value (~£150,000). Can anyone recommend a company who offers this service?

[irdan87]

Interested in this too.

Bentley wanted £1200 so thought I'd look elsewhere first.

[andrew]

it used to be the case that for the first year, it could pay to switch to a car insurance company that did new for old in year one
i haven't tried this lately

[lambo666]

I posted an identical question last november...I didn.t get a single response.
It seems most have a limit of 150k.
Did not bother in the end, but my car is used and not on finance.

[j3gme]

I have a guaranteed valuation with my insures so don,t need for gap.....the guaranteed valuation is for the same amount I payed for it, Not every insurer offers this but have a google. They have renewed for the last 3 years with the same valuation as I paid.

[Cheib]

j3gme said:

I have a guaranteed valuation with my insures so don,t need for gap.....the guaranteed valuation is for the same amount I payed for it, Not every insurer offers this but have a google. They have renewed for the last 3 years with the same valuation as I paid.

Exactly just get a decent insurance policy and there’s no need for GAP.

Really depends on the cars you’re insuring. With Hiscox they provide as part of the policy what is effectively GAP insurance, they pay out invoice price for the first two years you own a car. You have to be the first owner or I think if it’s pre-registered there’s a limit of something like 300 miles that the car can have been driven, Hiscox don’t provide track day cover though so my GT3 is insured through Zurich Private Client who cover three track days a year with agreed value which can be over invoice in the case of something like a GT3 if it’s a new one. Again no need for GAP.

The quality of cover you get with those insurers is also an improvement on what you get with the regular insurers IMHO.

I use a broker called Nowell and Richards who someone on here recommended a couple of years ago who have been excellent. The guy I deal with is called Jon Wright. No affiliation other than being a satisfied customer.