The Importance of Car Hire Excess Insurance

Don’t double the costs of your hire-car holiday

If you are a motorist, there will probably be several occasions when you will use a hire car. When you're on holiday for a week or two, or perhaps if you’re a member of a car club. Maybe you regularly hire a car as you don't need a vehicle of your own?

On the face of it, hiring a car should be a pretty straightforward process. When you make your booking your rental agreement will automatically include a charge for CDW (Collision Damage Waiver), theft and third party liability insurance. There’s your insurance sorted – easy!

But, as we all know, most insurance policies come with an excess, so should anything happen to the vehicle during your rental period you will be responsible for paying a fixed amount towards the costs of any damage to the vehicle – known as the rental agreement excess or CDW excess.

It’s also worth noting that, if you book your car hire in advance, many car hire companies won’t actually give an exact indication of the amount of excess you’ll be liable for until after you’ve purchased – often you won’t find out what your excess is until you’ve arrived at your destination and are in the queue to pick up your vehicle.

And it’s then that the car hire company has you right where they want you. So as you get off your flight, tired and hot, grumbling kids in tow, baggage weighing you down, desperate to get to the hotel and unwind . . . now’s their time to throw in all kinds of confusing terms, conditions, clauses and car insurance implications into the mix. Included somewhere in that process will be the question “do you want to insure against paying the excess?”

When you then realise that the excess you might be liable for could be as much as £1,500 with some car rental companies, that’s probably going to double the price of your holiday – so who wouldn’t want to buy a policy before you drive into the sun?

However, there’s a reason they do this at the point of pick-up, and not the point of purchase – the cost. Most car rental companies’ excess waivers will cost you around £15.00 per day. Two weeks in the sun? That’s an extra £200-plus on your holiday bill, right there!

We’re not claiming to be different – Protect Your Bubble’s car hire excess insurance is still an insurance policy designed to cover the excess payment for you.

But we are claiming to be better. We’ll also cover other damage to items such as tyres, windscreens and even the under-body of the car, which are often not covered on rental company policies – and can be just as expensive as the premium itself!

And our Gold cover starts at £2.31 per day, while our Platinum cover starts at £3.02 and includes a host of extras. Suddenly your two weeks in the sun can be covered for a little over £30 – or you could cover yourself for the whole year for under £40.

You’ve got enough to worry about when you’re hiring a car overseas and driving on unfamiliar roads. Let Protect Your Bubble provide peace of mind should the unexpected occur.

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