Car Hire Excess Insurance - Car Rental Excess Insurance
Protect yourself against paying the excess if you have a scrape in your hire car abroad with car rental excess insurance. Car rental insurance covers your rental car excess payment - which could cost up hundreds of pounds - when you take out a hire car.Selecting the "get a quote" button will direct you to Insurance 4 Car Hire.
Posts Tagged ‘annual hire car insurance’
Getting an insurance for car hire quote
If you’re looking for an insurance for car hire quote, then you are probably only too well aware that the typical insurance that comes with your car rental perhaps provides only some of the cover that you may wish to have when driving a rental car.
What you may find is that you could still be liable for some of the repair costs if you were to damage the rental car during the period of your hire.
That is because car hire insurance tends to carry an excess. So, if you damage the car this could mean you having to fork out up to £1600 as your contribution to repair costs.
The car hire company will typically offer additional insurance cover known as excess insurance when you pick up your rental car.
This may also cover you against having to pay for damage to other parts of the car, which are typically not covered by the basic collision damage waiver cover.
This could be an additional cost that may bump up the price of your hire quite considerably. Understandably, you may be keen to spend as little as possible on this additional insurance.
Buying car excess insurance from the car hire company is certainly an option and nobody can claim that it is anything other than convenient.
You do have options though and using one of the independent online car hire insurance specialists may be the answer.
Getting an insurance for car hire quote may be the first step on the road to you getting the cover you need and at a price that makes sense.
Annual hire car insurance explained
Annual hire car insurance may be a great way of saving yourself quite a bit of cash and a lot of time. What is it and how does it work?
When you’re hiring a car, like many renters you may find that the rental price includes some elements of insurance (although this may not be the case in the USA, Canada and a few other countries around the world). That may sound like a great thing and it may be, but typically it is unlikely to be all-inclusive in the sense that it will protect you from all costs following an accident.
The problem is that insurance supplied by a car rental company may bring with it the much-dreaded ‘excess’.
The excess is an amount of money, typically between £500-£1500, that the car rental company’s insurance will insist you pay as the first-part of any claim. It a sense, it can be seen as a mandatory contribution.
In other words, with an excess of £1000 and a claim for damage to the hire car of £800, you’re likely to see an £800 charge to your credit card. If the damage repairs had cost £1100, you would have been charged £1000 and the rental company’s insurance would have contributed the extra £100.
This is not always a risk people are prepared to accept and it is possible to do something about it.
The rental companies will typically be eager to charge you extra for insurance that will ‘top-up’ your cover by reducing or removing that excess.
You can also achieve the same thing and typically more cheaply, by purchasing what’s called ‘excess insurance’ from the specialist Internet-based providers of car insurance. If the rental company does bill you for ‘excess’, you can simply claim this back.
The specialist providers also have another trick up their sleeve in that they can sell such policies on an annual basis rather than just for the duration of a given car rental. The annual hire car insurance policy would then offer you protection against excess charges for any vehicle rented in the lifetime of the policy.
This annual hire car insurance may offer regular renters very attractive options for saving both time and money – in fact it may even be beneficial if you plan to rent just once in the period.
The annual hire car insurance sold by the specialist providers may not cover certain types of specialist vehicle hire such as sports cars or motor homes. Full details are typically available on their web sites.