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Whether you’re hiring a car in the UK or abroad, the car hire excess fee can throw a spanner in the works of the most well-thought-out travel plans.
But is car hire excess insurance worth it? To save yourself a headache down the line, read on to find out more about car rental excess insurance.
Car hire excess simply refers to the amount you have to pay if you damage a hired car. This figure varies between car rental companies but may be anywhere from a few hundred pounds to a few thousand pounds.
Car hire excess insurance is a type of cover that will reimburse the excess payable in the event that you damage a hired car. You will initially have to pay the excess charge upfront but will be able to claim the costs back, up to the maximum level of cover provided by your policy.
When hiring a car, you may have wondered: is car rental excess insurance worth it?
Typically, the car rental company will offer you car hire excess insurance but it can be at an inflated cost. Some research suggests that car hire companies offer car excess insurance for as much as £183 a week more than independent providers, making it a potentially more costly option if you do decide to purchase car hire excess insurance at the rental desk.
Car hire excess insurance offered by an insurance company or provider often offers a wider range of cover and can be more affordable than purchasing at the rental desk. Car hire excess insurance policies typically include cover against cosmetic damage as well as theft, misfuelling, windscreen and tyre damage. It is important to check policy documents for any restrictions that apply.
But it’s about more than just being covered for damage. Ultimately, when you hire a car, you want the peace of mind that you – and your bank account – are protected should something happen to the car.
Our partner, insurance4carhire offer a range of car hire excess insurance policies for UK residents that include:
Cover for up to seven additional drivers per rental - and there’s no need to add them to your insurance4carhire policy
Flexible cover length - determine the length of cover that suits you, from a single trip to annual car rental excess cover options.
Up to £6,500 per year for excess costs if your hire car is damaged or stolen.
Up to £500 per each claim for misfuelling and car key cover
Cover for scratches, including those caused by minor accidents, car park mishaps, or even unnoticed scrapes.
Exclusions to cover include:
Policies purchased after the collection of your rental vehicle.
Car rentals where the policyholder doesn’t match the name of the lead driver on the rental agreement.
The car hire excess insurance policy is provided and administered by our partner insurance4carhire. Everywhen act as an introducer for Insurance4carhire.
You can find out more about the insurance4carhire car excess insurance policy, or get a quote for car hire excess insurance on the insurance4carhire website.
Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.
insurance4carhire is a trading name of Atlanta Insurance Intermediaries Limited. Authorised and Regulated by the Financial Conduct Authority under firm reference number
