Gap & Tyre Insurance

siross · 11-08-2015, 07:56 AM

Morning all,

I picked up my 330D yesterday and was offered gap and tyre insurance.

I am probably going to change the wheels at some point so I'm assuming tyre insurance wouldn't really be worth it? Especially if I'm going to go away from run flats?

In terms of the gap insurance, is this worth it for a UAC without any finance? If I want to go with BMW then I need to let them know within 7 days. I've searched the forum and I'll get a quote from a few places and try to negotiate with BMW but I'm just wondering whether it's worth it?

I did have gap insurance on my Vectra but that was with a finance agreement with Network Q.

Thanks guys

Mattyk · 11-08-2015, 08:01 AM

You've bought the car outright?

And BMW offered you gap insurance?

Irrespective of the answer to those two questions there are far better options for gap than BMW if you've financed the car, if you search the forums you will find you should be able to get back to list price cover (key point) for just over 200 quid.

Tyres insurance - depends on whether it's a part contribution for worn tyres or not. Again, I would search the web rather than BMW if they wouldn't throw that in for free with the sale.

Watsey · 11-08-2015, 08:05 AM

Si, this has been posted and discussed at length several times including recently - good threads and advice, and worth a read. The one thing which is universally agreed is to avoid BMW. Far lower prices are available elsewhere.

goodbyalfa · 11-08-2015, 08:05 AM

Quite a small amount of money (less than 250 for 3 yrs) for quite a lot of insurance against a write off or stolen etc. I'm normally pretty wary paying out for insurance products thar are not worth it, but this seams good value...

FOAD · 11-08-2015, 08:16 AM

Re GAP - find a price you are happy with from the web, then offer BMW the opportunity to do it for that price, no negotiation, assuming you want to use them instead.

Works everytime for me with Audi and BMW. I don't even show them the quote. They will know if they can do it for the price or not.

Have found that BMW will allow you to spread the cost over the first 12 months if that helps.

siross · 11-08-2015, 08:19 AM

Quote:

Originally Posted by Mattyk

You've bought the car outright?

And BMW offered you gap insurance?

Irrespective of the answer to those two questions there are far better options for gap than BMW if you've financed the car, if you search the forums you will find you should be able to get back to list price cover (key point) for just over 200 quid.

Tyres insurance - depends on whether it's a part contribution for worn tyres or not. Again, I would search the web rather than BMW if they wouldn't throw that in for free with the sale.

Yes I've bought the car outright, that's why I was a bit baffled when he started talking about gap insurance.

I assume it still has a place in terms of me getting the full value of the car should it be written off but I always thought it was solely for the purpose of finance agreements.

In terms of tyre insurance it was only for punctures or malicious damage. You can claim up to 5 tyres over the period. They quoted £299 for 2 years or £399 for 3 years.

Quote:

Originally Posted by Watsey

Si, this has been posted and discussed at length several times including recently - good threads and advice, and worth a read. The one thing which is universally agreed is to avoid BMW. Far lower prices are available elsewhere.

Sorry, I should have done a better search. Will have a look through some threads

Thanks for the advice about avoiding BMW, I thought that would be the case

Quote:

Originally Posted by goodbyalfa

Quite a small amount of money (less than 250 for 3 yrs) for quite a lot of insurance against a write off or stolen etc. I'm normally pretty wary paying out for insurance products thar are not worth it, but this seams good value...

I'm exactly the same when it comes to insurance, I wonder whether it's worth the paper it's written on half the time.

Watsey · 11-08-2015, 08:26 AM

Quote:

Originally Posted by siross

Quote:

Originally Posted by Mattyk

You've bought the car outright?

And BMW offered you gap insurance?

Irrespective of the answer to those two questions there are far better options for gap than BMW if you've financed the car, if you search the forums you will find you should be able to get back to list price cover (key point) for just over 200 quid.

Tyres insurance - depends on whether it's a part contribution for worn tyres or not. Again, I would search the web rather than BMW if they wouldn't throw that in for free with the sale.

Yes I've bought the car outright, that's why I was a bit baffled when he started talking about gap insurance.

I assume it still has a place in terms of me getting the full value of the car should it be written off but I always thought it was solely for the purpose of finance agreements.

In terms of tyre insurance it was only for punctures or malicious damage. You can claim up to 5 tyres over the period. They quoted £299 for 2 years or £399 for 3 years.

Quote:

Originally Posted by Watsey

Si, this has been posted and discussed at length several times including recently - good threads and advice, and worth a read. The one thing which is universally agreed is to avoid BMW. Far lower prices are available elsewhere.

Sorry, I should have done a better search. Will have a look through some threads

Thanks for the advice about avoiding BMW, I thought that would be the case

Quote:

Originally Posted by goodbyalfa

Quite a small amount of money (less than 250 for 3 yrs) for quite a lot of insurance against a write off or stolen etc. I'm normally pretty wary paying out for insurance products thar are not worth it, but this seams good value...

I'm exactly the same when it comes to insurance, I wonder whether it's worth the paper it's written on half the time.

No problem. From memory the BMW pricing was around £1,400 for gap + tyre + paint cover. Pricing from t'internet was around a third of that. BMW dealer had no interest in matching, or even discussing prices - take it or leave it. Others may have had more luck.

I use Car2Cover for tyre insurance and took the risk on gap and paint. In hindsight I'd buy the complete package, not because of the need to claim yet, but because at the right price it can provide good value cover.

jr2408 · 11-08-2015, 08:34 AM

Quote:

Originally Posted by siross

Quote:

Originally Posted by Mattyk

You've bought the car outright?

And BMW offered you gap insurance?

Irrespective of the answer to those two questions there are far better options for gap than BMW if you've financed the car, if you search the forums you will find you should be able to get back to list price cover (key point) for just over 200 quid.

Tyres insurance - depends on whether it's a part contribution for worn tyres or not. Again, I would search the web rather than BMW if they wouldn't throw that in for free with the sale.

Yes I've bought the car outright, that's why I was a bit baffled when he started talking about gap insurance.

I assume it still has a place in terms of me getting the full value of the car should it be written off but I always thought it was solely for the purpose of finance agreements.

In terms of tyre insurance it was only for punctures or malicious damage. You can claim up to 5 tyres over the period. They quoted £299 for 2 years or £399 for 3 years.

Quote:

Originally Posted by Watsey

Si, this has been posted and discussed at length several times including recently - good threads and advice, and worth a read. The one thing which is universally agreed is to avoid BMW. Far lower prices are available elsewhere.

Sorry, I should have done a better search. Will have a look through some threads

Thanks for the advice about avoiding BMW, I thought that would be the case

Quote:

Originally Posted by goodbyalfa

Quite a small amount of money (less than 250 for 3 yrs) for quite a lot of insurance against a write off or stolen etc. I'm normally pretty wary paying out for insurance products thar are not worth it, but this seams good value...

I'm exactly the same when it comes to insurance, I wonder whether it's worth the paper it's written on half the time.

It absolutely has a place when you buy outright. If your car is stolen or written off in a year you are going to get nowhere near what you paid from your insurance company and you will need to look for a similar used vehicle to replace it. Gap means that you can buy a new one...

Rukka · 11-08-2015, 08:57 AM

Check your insurance cover first.

Most insurance companies offer full purchase price (inc any extras) in the event of write off or stolen for the first year IF you are the first and only owner!

Esure does this but check your policy.

You can always go for GAP cover after the first year of you still want to.

ZeroFx · 11-08-2015, 09:06 AM

£162 quote for a 35k 430d vert return to invoice.

muckypup · 11-08-2015, 09:06 AM

With GAP they always ask for a max payout value. I never know what to put in here. If I am on a PCP would be it be the difference between list and the minimum guaranteed future value?

....,,,,..,,.. · 11-08-2015, 09:08 AM

Quote:

Originally Posted by muckypup

With GAP they always ask for a max payout value. I never know what to put in here. If I am on a PCP would be it be the difference between list and the minimum guaranteed future value?

You provide them the actuall full price of the car with all options fitted, before any discounts.

It's simple to just use the configurator price.

....,,,,..,,.. · 11-08-2015, 09:16 AM

The GAP thread:

http://f30.bimmerpost.com/forums/sho...&highlight=Gap

http://f30.bimmerpost.com/forums/sho...hlight=Pickles

http://f30.bimmerpost.com/forums/sho...hlight=Pickles

jr2408 · 11-08-2015, 09:39 AM

This has some useful info:

http://www.telegraph.co.uk/motoring/...insurance.html

RobUK · 11-08-2015, 09:48 AM

Apparently (according to the Association of British Insurers) over 500,000 vehicles are written off every year, equating to 57 vehicles per hour, every hour, 24x7. Mind you, that may include cars worth a couple of hundred quid where the cost of a dented bumper is more than the car's worth.

jr2408 · 11-08-2015, 10:00 AM

It crossed my mind that if you take out gap, after 2-3 years you start praying that someone nicks your car as you get a new one for free!

siross · 11-08-2015, 02:23 PM

Thanks for all the information chaps, I'll do some reading on my dinner break tomorrow

siross · 11-18-2015, 03:00 AM

I've done a bit more reading round and I think I'll go for car2cover tyre and gap insurance. Just a couple of things that I'd like to confirm.

1) Car2cover insure runflat tyres of all sizes or normal tyres up to 18" and over 18". I'm probably going to change from my standard 18" wheels to 19" wheels at some point in the next 12 months. If I changed to runflats this wouldn't be an issue but normal tyres would cause a problem with the cover?
2) Gap Insurance - I'm probably going to go for vehicle replacement but I'm slightly confused as to what figures I should use. I undertand the gap figure is the maximum amount car2cover will pay out in the event of a total loss and the vehicle value should be the list price of the car excluding any discounts. Now, I've bought second hand so I'm assuming the list price for me will be the list price of the car at the point I purchased, not new? And therefore I should estimate the lowest it could be worth over the length of the policy and deduct that from the list price to get my gap value?

Thanks chaps

Simon

Watsey · 11-18-2015, 03:28 AM

Si

For tyre cover it's just a case of selecting the correct diameter - 19" if you are planning on upgrading your wheels. RFT/non-RFT doesn't matter - they are both covered, and the underwriters won't/shouldn't object as the replacement cost for a non-RFT is almost always cheaper (whether that be for replacement, or more likely that the puncture can be repaired).

Regarding Gap, just talk to Car2Cover - they are very helpful and will guide you to the correct figure. I don't have Gap (only tyre cover) but have been very happy with the service.

siross · 11-18-2015, 03:36 AM

Quote:

Originally Posted by Watsey

Si

For tyre cover it's just a case of selecting the correct diameter - 19" if you are planning on upgrading your wheels. RFT/non-RFT doesn't matter - they are both covered, and the underwriters won't/shouldn't object as the replacement cost for a non-RFT is almost always cheaper (whether that be for replacement, or more likely that the puncture can be repaired).

Regarding Gap, just talk to Car2Cover - they are very helpful and will guide you to the correct figure. I don't have Gap (only tyre cover) but have been very happy with the service.

Thanks Watsey,

The reason I ask about the tyres is a quote from tyreinsurance123 didn't stipulate between size and run flats but car2cover gave me 3 options to quote:

1) Runflats of any size
2) Non RFT up 18"
3) Non RFT over 18"

I'll give them a call and see what they advise.

11-08-2015, 07:56 AM	#1
siross Captain 155 Rep 809 Posts Drives: F31 330d Join Date: Jul 2013 Location: Lancashire iTrader: (0)	Gap & Tyre Insurance Morning all, I picked up my 330D yesterday and was offered gap and tyre insurance. I am probably going to change the wheels at some point so I'm assuming tyre insurance wouldn't really be worth it? Especially if I'm going to go away from run flats? In terms of the gap insurance, is this worth it for a UAC without any finance? If I want to go with BMW then I need to let them know within 7 days. I've searched the forum and I'll get a quote from a few places and try to negotiate with BMW but I'm just wondering whether it's worth it? I did have gap insurance on my Vectra but that was with a finance agreement with Network Q. Thanks guys
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11-08-2015, 08:01 AM	#2
Mattyk Lieutenant Colonel 591 Rep 1,797 Posts Drives: G20 M340i Join Date: Oct 2014 Location: Lancashire iTrader: (0)	You've bought the car outright? And BMW offered you gap insurance? Irrespective of the answer to those two questions there are far better options for gap than BMW if you've financed the car, if you search the forums you will find you should be able to get back to list price cover (key point) for just over 200 quid. Tyres insurance - depends on whether it's a part contribution for worn tyres or not. Again, I would search the web rather than BMW if they wouldn't throw that in for free with the sale. __________________ G20 M340i Gone F36 435d F30 335d
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11-08-2015, 08:05 AM	#3
Watsey Major General 6414 Rep 8,498 Posts Drives: F31 330D sDrive M Sport Join Date: Jun 2015 Location: On sabbatical. iTrader: (1)	Si, this has been posted and discussed at length several times including recently - good threads and advice, and worth a read. The one thing which is universally agreed is to avoid BMW. Far lower prices are available elsewhere. __________________ Current : F31 330sD, remapped, Ohlins Road & Track, Millway camber plates, Quaife LSD, Stoptech brakes + Pagid RSL1 pads all round, Weichers front strut brace, Eibach front & rear anti-roll bars, Michelin MP4S.
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11-08-2015, 08:05 AM	#4
goodbyalfa King of the North (living in the east...) 1056 Rep 2,154 Posts Drives: M340i mineral white Join Date: Apr 2015 Location: Suffolk iTrader: (0)	Quite a small amount of money (less than 250 for 3 yrs) for quite a lot of insurance against a write off or stolen etc. I'm normally pretty wary paying out for insurance products thar are not worth it, but this seams good value... __________________ 2021 M340i in mineral white, options galore Previously 2018 440i GC in MG 2015 330D F30 MSport EBII 2012 Alfa Guilietta 2.0d Veloce 2009 Fiat bravo sport 2000 ST Mondeo
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11-08-2015, 08:16 AM	#5
FOAD Private First Class 38 Rep 140 Posts Drives: F31 330d Msport MG Join Date: Oct 2015 Location: Middle England iTrader: (0)	Re GAP - find a price you are happy with from the web, then offer BMW the opportunity to do it for that price, no negotiation, assuming you want to use them instead. Works everytime for me with Audi and BMW. I don't even show them the quote. They will know if they can do it for the price or not. Have found that BMW will allow you to spread the cost over the first 12 months if that helps.
	Appreciate 0 Quote

11-08-2015, 08:57 AM	#9
Rukka Brigadier General 2647 Rep 3,664 Posts Drives: M4 Comp Join Date: Jul 2015 Location: Cheshire (UK) iTrader: (0)	Check your insurance cover first. Most insurance companies offer full purchase price (inc any extras) in the event of write off or stolen for the first year IF you are the first and only owner! Esure does this but check your policy. You can always go for GAP cover after the first year of you still want to.
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11-08-2015, 09:06 AM	#10
ZeroFx Major 454 Rep 1,373 Posts Drives: M4x Join Date: Apr 2014 Location: West Mids iTrader: (0)	£162 quote for a 35k 430d vert return to invoice.
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11-08-2015, 09:06 AM	#11
muckypup First Lieutenant 120 Rep 361 Posts Drives: F31 320d xDrive LCI Join Date: Sep 2015 Location: Leighton Buzzard iTrader: (0)	With GAP they always ask for a max payout value. I never know what to put in here. If I am on a PCP would be it be the difference between list and the minimum guaranteed future value? __________________ Drives: VW Tiguan 2.0TSI SEL DSG History: 320d F31 xDrive Sport, Kia Sportage KX-3 SatNav a.k.a The Tractor, Ford S-Max, Mitsubishi Shogun, Mitsubishi Pajero, BMW 2.8 Z3, Mazda 323, Ford Orion, Ford Sierra, Ford Escort, Ford Fiesta
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11-08-2015, 09:16 AM	#13
....,,,,..,,.. General 6733 Rep 20,651 Posts Drives: xxxx Join Date: Dec 2013 Location: xxxx iTrader: (0)	The GAP thread: http://f30.bimmerpost.com/forums/sho...&highlight=Gap http://f30.bimmerpost.com/forums/sho...hlight=Pickles http://f30.bimmerpost.com/forums/sho...hlight=Pickles
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11-08-2015, 09:39 AM	#14
jr2408 Lieutenant 191 Rep 438 Posts Drives: F31 340i M Sport+ Join Date: Aug 2015 Location: Surrey, UK iTrader: (0)	This has some useful info: http://www.telegraph.co.uk/motoring/...insurance.html
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11-08-2015, 09:48 AM	#15
RobUK Brigadier General 2811 Rep 4,935 Posts Drives: 340i MPPSK Join Date: Jun 2012 Location: Sussex, N.Yorks, UK iTrader: (0) Garage List 2015 340i MPPSK [0.00] 2001 Yamaha FZS1000 [0.00]	Apparently (according to the Association of British Insurers) over 500,000 vehicles are written off every year, equating to 57 vehicles per hour, every hour, 24x7. Mind you, that may include cars worth a couple of hundred quid where the cost of a dented bumper is more than the car's worth. __________________ Life is a state of mind
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11-08-2015, 10:00 AM	#16
jr2408 Lieutenant 191 Rep 438 Posts Drives: F31 340i M Sport+ Join Date: Aug 2015 Location: Surrey, UK iTrader: (0)	It crossed my mind that if you take out gap, after 2-3 years you start praying that someone nicks your car as you get a new one for free!
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11-08-2015, 02:23 PM	#17
siross Captain 155 Rep 809 Posts Drives: F31 330d Join Date: Jul 2013 Location: Lancashire iTrader: (0)	Thanks for all the information chaps, I'll do some reading on my dinner break tomorrow
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11-18-2015, 03:00 AM	#18
siross Captain 155 Rep 809 Posts Drives: F31 330d Join Date: Jul 2013 Location: Lancashire iTrader: (0)	I've done a bit more reading round and I think I'll go for car2cover tyre and gap insurance. Just a couple of things that I'd like to confirm. 1) Car2cover insure runflat tyres of all sizes or normal tyres up to 18" and over 18". I'm probably going to change from my standard 18" wheels to 19" wheels at some point in the next 12 months. If I changed to runflats this wouldn't be an issue but normal tyres would cause a problem with the cover? 2) Gap Insurance - I'm probably going to go for vehicle replacement but I'm slightly confused as to what figures I should use. I undertand the gap figure is the maximum amount car2cover will pay out in the event of a total loss and the vehicle value should be the list price of the car excluding any discounts. Now, I've bought second hand so I'm assuming the list price for me will be the list price of the car at the point I purchased, not new? And therefore I should estimate the lowest it could be worth over the length of the policy and deduct that from the list price to get my gap value? Thanks chaps Simon
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11-18-2015, 03:28 AM	#19
Watsey Major General 6414 Rep 8,498 Posts Drives: F31 330D sDrive M Sport Join Date: Jun 2015 Location: On sabbatical. iTrader: (1)	Si For tyre cover it's just a case of selecting the correct diameter - 19" if you are planning on upgrading your wheels. RFT/non-RFT doesn't matter - they are both covered, and the underwriters won't/shouldn't object as the replacement cost for a non-RFT is almost always cheaper (whether that be for replacement, or more likely that the puncture can be repaired). Regarding Gap, just talk to Car2Cover - they are very helpful and will guide you to the correct figure. I don't have Gap (only tyre cover) but have been very happy with the service. __________________ Current : F31 330sD, remapped, Ohlins Road & Track, Millway camber plates, Quaife LSD, Stoptech brakes + Pagid RSL1 pads all round, Weichers front strut brace, Eibach front & rear anti-roll bars, Michelin MP4S.
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