Car Hire Excess Insurance

Car Hire Excess Insurance very simply insures the excess that you as a car hirer are liable for in case of an accident, vandalism and the theft of a vehicle. It is most frequently used when booking a car which includes 'Collision Damage Waiver' - in other words when renting a car in Europe, South Africa, Australia and New Zealand, or when booking a car through a UK based car rental company or UK (i.e. .co.uk) website.

The Car Hire Excess Insurance market has grown rapidly due to the high cost of buying similar cover directly from Car Hire firms. Relying on the fact that car rentors don't always notice the size of their potential liability in case of an incident (normally between £600 and £1500) before arriving to pick up their car the main rental firms offer expensive cover that still doesn't cover the most frequent reasons for claims - tyres, windscreen or mirror damage. This is a major profit earner for them, and independent insurers noticed the opportunity to offer better value alternative car hire excess insurance, delivering much more comprehensive cover.

So independent car hire excess insurance has become one of the easiest ways to save money when you are travelling abroad this summer. Read on or watch our video explaining how it works!

The typical daily cost of hire car insurance from a car rental company desk is around £10 a day, but by using the moneymaxim car hire insurance comparison service it is possible to find a policy that provides better cover - reducing the excess to nil, and covering the vehicle's wheels, tyres, glass and underbody - from under £14 for 7 days cover, or less than £40 for an annual policy.

If you are travelling outside Europe, South Africa, New Zealand and Australia do check your rental agreement to see the insurnace that has been offered (or not) with your car hire - if you need further information please refer to our frequently asked questions section, and remember we can be reached on the phone or via live chat if you still need assistance.

Find Cheap Car Hire Excess Insurance

Using the moneymaxim service car renters can avoid paying car hire excesses in Europe, get full cover for the US and Canada, and additional cover features excluded by the insurance offered by car rental companies themselves. Using our search engine you can find:

• Cheap Car Hire Insurance in Europe
• Cheap Car Hire Insurance in the US
• Cheap Car Hire Insurance in Canada

Visit the moneymaxim car hire excess insurance comparison site - 100 quotes reviewed in 60 seconds!