Whether you have your own car or you hire one to go on holiday, you need automotive insurance. In the United Kingdom, at the minimum, you can only drive if you have insurance that covers you for third party liabilities. Getting comprehensive automotive insurance helps you drive with peace of mind. 

A car insurance policy protects you in case you get into a vehicular accident, or your car gets stolen. This is why insurance is necessary, most especially in rental vehicles. In the unfortunate event that you fall victim to any of these three while driving a hired car, the financial implications will be costly. Even if you aren’t at fault for the accident, you still need to pay a participation fee to claim insurance costs, known as car hire excess. 

Car hire excess claims

Renting a car can be a very cost-effective way to travel. It allows you privacy, you can move at your own pace, and you don’t need to spend hours waiting at crowded airport terminals. However, when you hire a car, you take on much more personal responsibility, including accountability for costs in case of an accident, damage, or theft. When faced with these scenarios, the person renting the car will be liable to pay car hire excess as part of the first claim to the rental owner’s insurance policy.

Car hire excess in the UK and Europe can cost renters anywhere from 500 to 2,000GBP, which in some cases, can be enough to purchase a second-hand car. If you want to enjoy your holiday drive without having this financial threat hanging over your head, you can further minimize any potential liabilities by purchasing car hire excess insurance.

What is car hire excess insurance?

You can buy insurance to cover the car hire excess at a fraction of the cost. There are plenty of options available depending on how often you hire cars or how long you plan to use a hired car. The amount will differ depending on the type of car you rent, but overall it will be much less expensive and nowhere near as much as the actual cost of excess.

Buying car hire excess insurance is an easy and affordable way to manage your expenses. You can purchase single-trip coverage from many insurance providers online before you take the vehicle on the road. If you need to pay an excess, you can claim the reimbursement when you return from your trip. 

The same rental companies where you hire your car may offer excess protection at slightly higher rates. Be sure to shop around and look for reputable insurers who can provide better prices. If you plan to use the rental car for long periods, you may be able to save more money with an annual plan. 

The key takeaway

If your goal is to have a stress-free and inexpensive holiday, you should take every precaution and purchase excess insurance. Car accidents and theft are an unfortunate reality that any driver faces, and the consequences are expensive. Eliminate the high cost of participation fees quickly with a car excess insurance policy, and you can take your holiday with one less thing to worry about. 

Protect yourself with award-winning private car excess insurance. We provide insurance plans that will help you save on voluntary excess. Contact us today to learn more!