How Car Rental Insurance Could Save You Money?

If the worst comes to the worst and you incur some damage or loss, then insurance may be the one thing you are glad you had the foresight to arrange.

Car Rental Insurance

Car rental insurance may be something of a special case since you are legally obliged to have at least third-party insurance in order to drive in most countries of the world and an insurance package offering some form of cover against accident damage is typically included in your car rental deal. So, how could you save money on buying it?

Shopping around, of course, is one of the standard ways of approaching a desire to secure the best value for money; of course, if it is possible to shop around for different deals and prices on hiring a car, but the cost of the insurance that comes with each is rather more difficult to establish.

It is difficult simply because hire car companies rarely publish any details about the nature and scope of the insurance included in the advertised rental price – a lack of transparency which the Rental Charter of the European Car Rental Conciliation Service (ECRCS) attempts to redress.

Car Rental Excess Insurance

There is a particular aspect of car rental insurance, however, where here at Bettersafe we may make your money-saving quest considerably easier and more successful.

This is in the provision of a form of standalone excess protection from Lloyds’ underwriters and may be used to safeguard any amount of excess you may be charged when hiring a car in any part of the world.

This form of excess insurance is widely prized by hire car customers on the discovery that the excess that comes with the insurance packaged bundled with their hire car – or that which might have been bought separately – amounts to £500 to £1,500 and upwards.

Once again, hire car companies are typically less than keen on coming forward in advance on the size of the excess – springing it on the customer at the last minute as a “hidden charge” mentioned only at the check-out desk.

That is the time when the hire car company typically divulges the amount of excess and tries its hardest to sell to the customer the company’s own brand of excess insurance.

Torn between adding a substantial cost to the daily rate for hiring the car by paying for the rental company’s excess insurance, some customers even decline the cover and cross their fingers that no accident is going to occur.

By arranging your car rental excess insurance whilst you are still at home, you may set not only with the confidence of knowing that any excess is safely covered, but also that you have saved money on buying it from a UK-based specialist.