For many thousands of British tourists this year, renting a car whilst on holiday in Europe is likely to be second nature. But a few tips on hiring that car might still be in order.
Who doesn’t want to save money on the cost of a holiday? The more you save on the costs, after all, the more you have to spend simply enjoying yourself.
Easier said than done, you might say, but the following tips may lead to genuine, valuable savings on some of the essential ingredients for a successful holiday.
Sometimes a financial services product cuts right through the jargon and says very simply what it is all about. Just such an example is excess insurance – which does just what it says on the can and insures you against your liability for paying an excess when making an insurance claim.
With the school holidays upon us, your thoughts might be turning to the sun-soaked beaches of foreign climes or even a more educational trip to places of historical or cultural interest. Taking the whole family abroad on holiday, however, may prove an expensive undertaking.
Whenever and wherever you hire a car, a large proportion of the cost is likely to come down to the insurance package you need for it – practically everywhere in the world, a minimum third-party level of cover is a legal requirement, but you are almost certain to want protection against theft and accidental damage, too.
No one wants to get ripped off, of course, but if you are thinking of hiring a car in Europe this year, the chances are that someone is certainly going to try to do just that.
Before considering how you might save money on buying your car hire excess insurance, it might be helpful to take a quick look at just what it is and why you might need it in the first place.
Insurance may be one of those products on which it is always especially rewarding to know that you are saving money. It is a form of cover that you hope you never need, of course – so some people might be tempted to dispense with it altogether.
If you are looking for car hire excess insurance, you are unlikely to be alone. Currently the amount of excess attached to the insurance cover included in the majority of car rental deals in the UK and Europe ranges from around £500 to £1,500 – or more if you are hiring a particularly high-end vehicle.
When it is time for your holidays, no one wants to appear to be a tight-fisted miser. The good news is that you do not have to be anything of the sort to make the kind of savings that are likely to help your holiday money go further – and so increase the pleasure of that well-earned break.