Should I buy GAP insurance from the dealership with my Toyota Prius?

I am buying a two-year-old Toyota Prius for £12,000. The dealership wants to sell me GAP insurance for £350 for three years - ouch! Do you agree that this type of insurance is sensible? I can get four years' cover for £230 elsewhere.

Asked on 2 August 2010 by BlueValour

Answered by Honest John
He would do, wouldn't he, because his commission on £320 of GAP insurance is about £200. I'd try a few independent brokers before settling for that £230 quote.
Similar questions
When I bought my used cars, the dealer tried to sell me three-year asset protection for £349, ceramic paint protection for £299 and an extended warranty. Surely these are commission scams.
My son bought a new car almost three years ago and paid for GAP insurance at the time, to cover the difference in the insurance settlement and the cost of a replacement car should the car be stolen. The...
I want to know if it is a legal obligation for my insurance company to put me back in the same financial position as before an accident? My car was on finance with a settlement figure around £11,000. However,...
Related models
Much better than the original. An enjoyable, practical, safe, economical hybrid. Looks good, too. Prius Taxis have run to 400,000 miles plus with very little trouble.
 

Ask Honest John

Value my car