What is car hire excess insurance?

Car hire excess insurance is an optional insurance coverage which can protect you from the excess costs that you are required to pay in the event that your hire car is damaged or stolen.

 

How car hire excess insurance works

One story, two very different scenarios: without and with a car hire excess policy from insurance4carhire

Without car hire excess insurance

You're on holiday in France and you're unfamiliar with driving on the right hand side of the road. You accidentally clip the edge of the road, puncturing a tyre and damaging paintwork.

This costs £750 to repair. Your excess with the car rental company is £500, so you will have to pay the company £500 and they will pay the remaining £250.

Cost to you: £500.

With car hire excess insurance

You have taken out insurance4carhire's Annual Europe policy* in preparation for your holiday in France. You clip the edge of the road, puncturing a tyre and damaging paintwork. This costs £750 to repair.

Your excess with the car rental company is £500, so you will have to pay the company £500 and they will pay the remaining £250. However, you then claim with insurance4carhire and receive a refund of £500 for your excess.

Cost to you: From £46.99