Bit of an unusual one this, but felt it too good not to share. For anyone who isn't aware, GAP insurance protects you should there be a shortfall in insurance value against the remaining contract hire purchase, should your vehicle be written off due to an accident.
It's an aspect of car finance purchasing which is rarely discussed / considered when buying a new car, however should the unthinkable happen, it might just be the very thing that saves your wallet from complete annihilation.
Using a handy code stack, you can get 21% off all contract hire Gap policies via ALA insurance. I couldn't find an origin on these codes, but it does say they are valid until the 1st of October. These codes will not work with cashback or any other discounts.
You'll need to use ALA5ALA7ALA9 and also ALA5ALA9ALA7 when checking out to ensure discount. I could only get these to work in that order.
Available up to 5 years for vehicles on lease or contract hire
We are fully authorised and regulated by the Financial Conduct Authority (FCA) and your policy is covered by the Financial Services Compensation Scheme
Pays as standard up to £250 of your Comprehensive Insurance excess
Our policies do not have a ‘Market Value Clause’
Our policies do not a have a ‘Glass Guide maximum retail value clause’
Any amendment made FREE of charge
If you select Initial Rental Cover the policy will also ensure you recover your initial rental payment, up to a maximum of £3,000
Policy transfer – pro rata transfer of unused premium if you change your vehicle, with no admin fees
Discount available for renewal and additional policies
We guarantee to beat any comparable online GAP quote
This policy will pay up to 100% of outstanding rentals and any shortfall in the vehicle value - *see illustration below
16 comments
twinkle
5 Sep 17#1
10% Quidco
lillyegg
5 Sep 17#2
I've got these for my gap and scratch insurance on my lease car and they're really good. Reversed into a massive concrete pole and it was fixed in a week.
twinkle
5 Sep 17#3
Not working for any codes...possibly just single use? Shame they don't cover diamond cut alloys
twinkle
5 Sep 17#4
Is this working for anyone
LOL_is_stupid
5 Sep 17#5
ALA are superb and a fraction of the price for Gap insurance vs. main dealer price
KeepSearching
5 Sep 17#6
Might be wrong, but the codes above might just be for cars on lease or contract hire... If you want a 5% off for private purchase use: GAP5OFF - not the 21% as above, but still a saving...
s24rrt
5 Sep 17#7
How do you get to enter two codes, can only seem to get it to accept one.
cmncomp
5 Sep 17#8
this is the last thing I'd want cancelled due to incorrect code use.
imiskeen
5 Sep 17#9
So wait..... You're telling me that I need to buy insurance, for my insurance policy now!? WT actual F.! How have consumers just accepted that this kind of thing is a necessity when they already pay for car insurance? Not knocking the deal, because I bet these kind of policies are life savers for those that HAVE to use them. But the very fact that these products are even available highlights exactly what a farce the insurance industry actually is. Another excellent reason why NOT to buy a brand new car. Sigh..... Voted Hot.
Ka11ran to imiskeen
5 Sep 17#10
I get your point but, either purchase a old car and have loads of issues, or purchase this along with your lease and ensure you're covered if anything was to happen? Instead of spending 1k on a old car repairs, you might as well pay £200-500 more or less, depending on he chosen insurance and addons and drive a new car :raised_hand: some what worry free. Lol
AndiTails to imiskeen
6 Sep 17#11
It all depends on your usage of the car and the amount of money you've already paid. You turn the key on a brand new car, and you lose value on it. Every mile you drive, does the same. However, the low deposit finance deals we now get, you might end up owing more than the car is worth if you manage to write it off or do significant damage.
Standard insurance covers you up to the market value of the car. GAP covers the 'gap' between the market value and what you owe. And even the original retail price if included in the policy and you write the car off.
So, essentially, its insurance for finance stupidity. Yes, it's all a scam when you have to buy and don't use it. But funnily enough, worth it when something bad happens (and you're covered. Reverts back to scam if they wriggle out of it...!)
Graham35
7 Sep 17#12
Does this deal work with a PCP
deanbarnes
7 Sep 17#13
I've just signed up with ALA after doing some research on PistonHeads.com - they seem to be well regarded. If the code stack isn't working you can get 12% off by using the code PISTON12 on the website pistonheadsgap.co.uk/
There's also a thread on PistonHeads where they're quite responsive to questions: pistonheads.com/gas…220
steve129
8 Sep 17#14
Also worth saying if the discount code doesn't work or doesn't come out as cheap as you'd hoped, other companies will offer cheaper quotes that ALA are willing to price match and give further discount. My quote was £124 without discount, £97.96 with discount. Another company were quoting £77.34 which ALA matched and then discounted further, bringing it down to £69. Not bad for I thought.
ccnp to steve129
13 Sep 17#15
Would you care to say which company quoted the lower cost? Thanks in advance
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Opening post
It's an aspect of car finance purchasing which is rarely discussed / considered when buying a new car, however should the unthinkable happen, it might just be the very thing that saves your wallet from complete annihilation.
Using a handy code stack, you can get 21% off all contract hire Gap policies via ALA insurance. I couldn't find an origin on these codes, but it does say they are valid until the 1st of October. These codes will not work with cashback or any other discounts.
You'll need to use ALA5ALA7ALA9 and also ALA5ALA9ALA7 when checking out to ensure discount. I could only get these to work in that order.
[Example of Policy Wording]
[Example of Policy Summary]
[FAQ]
Benefits of ALA policy:
16 comments
Shame they don't cover diamond cut alloys
You turn the key on a brand new car, and you lose value on it. Every mile you drive, does the same. However, the low deposit finance deals we now get, you might end up owing more than the car is worth if you manage to write it off or do significant damage.
Standard insurance covers you up to the market value of the car. GAP covers the 'gap' between the market value and what you owe. And even the original retail price if included in the policy and you write the car off.
So, essentially, its insurance for finance stupidity.
Yes, it's all a scam when you have to buy and don't use it. But funnily enough, worth it when something bad happens (and you're covered. Reverts back to scam if they wriggle out of it...!)
There's also a thread on PistonHeads where they're quite responsive to questions: pistonheads.com/gas…220