What You Need to Know About Car Hire Excess Insurance

By May 26, 2010Articles

Comparison sites abound nowadays – along with the, mostly irritating, TV ads selling their wares! We’ve recently come across a site that doesn’t bombard our senses with bouncing, moustachioed, opera singers or infuriating jingles.

Car hire excess insurance can seem confusing, but it doesn’t need to be. On this car hire excess insurance review
site you’ll find simple, clear explanations of what excess insurance is and how it works, as well as a detailed look at the small print you should understand for your chosen policy, in plain English.  This very useful site reviews various car hire excess insurances available on the market, so you can see which one is best for you. And all without confusing legal jargon.

WHAT IS EXCESS INSURANCE?

As with most insurance policies, car hire insurance policies carry something called excess.  Excess is the term used to describe that first bit of the bill that must be paid out of your own pocket.  So, for instance, if your policy quotes ‘£100 excess’, you will pay the first £100 of any claim; the insurance company will then pay the balance of the bill.  These excess charges apply even if the damage to the vehicle wasn’t your fault.

With car hire insurance policies, excess amounts vary wildly – in fact, we found variances between different policies of up to £2,000.  This just goes to show that paying excess charges can prove very costly indeed.

Car hire excess insurance does what it says on the tin – for not much money you can eliminate those excess charges, reducing your risk to zero. Or, in other words, if your hired car is stolen or damaged you will be reimbursed in full for any associated charges.

Car hire companies will offer to reduce your risk – i.e. waive the excess fee – but this doesn’t come cheap.  One well known company charges £15 or more per day for this service. Arranging your own excess cover will be far cheaper than this and, in most cases, will also provide wider cover for your money.

If you want to save money on your car hire excess insurance you need to shop around – and we’ve found the site to help you do just that.