It’s always best to be prepared for worst-case scenarios, especially when taking out a hire car. Things can get pretty complicated especially if you’re looking for a car hire company in a different country, so it’s best to understand what it means to buy excess insurance for your hire car and what your options are.

There are a lot of costs that come with hiring a car, along with the excess that is usually attached to a hire car insurance. Here’s what you need to know about standalone car hire excess insurance in order to get the most value for your money: 

Why It’s Necessary

A car hire excess insurance is a type of insurance that covers the cost of excess or damage that occurs on your hire car. Usually, you are liable to pay for all damages incurred during your use of the car, whether it’s a minor scratch or a large dent or if the damage was caused by another driver on the road. 

Most of the time, car rental companies have their own insurance for their hire cars. However, these tend to be prohibitively expensive, especially since you might be paying excess charges just to cover a small graze on the hire car. 

With a standalone car hire excess policy, you’ll be able to choose which insurance and which company to buy it from, giving you more options and freedom to decide how much you’ll spend. Standalone policies are often more affordable and cover much more than insurance provided by the rental companies. 

The Type of Insurance You Need

In order to determine the insurance that best fits your needs, you’ll have to consider whether you will want an annual hire car insurance or a daily one. If you’re hiring a car for just a short period of time, like for a holiday, then a daily hire car insurance will be much more affordable. However, if you find yourself hiring a car frequently throughout the year, then an annual car hire insurance policy is your best bet.

It is also important to consider how much your hire car excess insurance will cover. This threshold, the maximum cover, is how much the insurance will shell out if you claimed on your insurance. Ideally, this maximum cover should be enough to pay for the excess charge in order to save you from extra expenses. 

If you are pursuing an annual hire car excess cover, a higher maximum cover will allow you to claim on it more than once. This will also help protect you from any accidents or damages throughout your use of the car.

How Much You’ll Spend

The costs of your insurance will highly depend on the company that offers it, but most of the time, the most expensive policies come from the car hire companies themselves. Most British customers prefer standalone excess insurance because the cost is typically more affordable and upfront. 

For example, many rental car companies offer additional insurance from around £15 to £30 a day. Not everything will be covered either. Meanwhile, a standalone policy can go for around £6 to £13 with even more coverage. 

Depending on where you’ll be purchasing insurance, the payment of a single premium often provides wider coverage than the daily rate that car rental companies charge. And the best part? Most standalone policies cover hire cars all over the world.


Buying a standalone car hire excess insurance is often much more comprehensive and affordable than buying coverage from a car rental company. You’ll be able to get more protection for your rental car and use it all around the world without worrying about insurance costs. 

If you’re looking for a standalone car hire excess insurance at competitive rates, give us a call at Goodbye Excess. We offer excess protection of all kinds, from taxi excess insurance to lifestyle excess insurance. Visit our website today to learn more!