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 and 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, at £42.99*, 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: £42.99.  

Why choose a policy from insurance4carhire rather than an excess policy through the car rental company?

Excess cover is often offered when you pick up your rental car, but at a high cost - between £9 and £20 per day). A policy from insurance4carhire will set you back from £2.99 per day or £42.99 per year and will cover your excess - up to £4,000 per claim. 

Why would I need to purchase Collision Damage Waiver (CDW) or Supplementary Liability Insurance (SLI)?

Most car hire companies around the world include this type of insurance as standard when you hire your car. However, in some countries, such as those in North America and central America do not. It is also becoming increasingly common for car rental companies in Europe not to include this cover. To meet the needs of car renters traveling to these countries, insurance4carhire offers a Worldwide Plus CDW & SLI annual policy.

Daily vs annual car hire excess insurance

The key difference between our daily and annual car hire excess insurance policies is that daily policies are available for periods of up to 62 days at a time and can cover you almost anywhere in the world*. However, please note that you'll need to take out a new policy with each car rental agreement.

Our annual car hire excess insurance policies, on the other hand, allow you to cover your excess for up to 60 days at a time as many times as you like over the course of 12 months. 

*UN sanctioned countries excluded

Which is better value: daily or annual car hire excess insurance?

At insurance4carhire, our daily excess insurance is more cost effective if you are hiring a car for less than 18 days (or 14 days if only travelling in Europe) and you will not be hiring a car again within the year.

However, if your car rental will last more than 18 days, or you’re renting a car again that year, our annual excess insurance policies will usually be better value.

*Price of Annual Europe policy correct as of 22 January 2019.