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Budget rent cars throughout the world, offering a range of insurance dependant on location, age of the driver and the car rented.
Some of their excesses are eye watering though - in the UK typically ranging from £1000 to £1500 - as are the costs of their excess protection plans.
However some hirers prefer taking cover from Budget as claims are settled there and then (being dealt with at the car hire station on return), rather than having to pay for the cost of an incident and then claiming the cost back from an insurer as is the case with standalone insurance policies.
Using the UK as an example, Budget offer a range of additional insurance packages including the following:
Complete Protection Package (CPP): covers the driver, the passengers and damage to the vehicle and provides comprehensive and carefree cover including Excess Reduction - zero excess on front windscreen and vehicle damage (£66 administration fee applies on vehicle claims), Super Personal Accident Insurance (SPAI) which covers personal accident costs up to £126,000 per person, medical expenses of up to £6,300 per person and cover of personal effects up to £4,200. Additionally Roadside Assistance Plus is included (see below for full details of this service. CPP costs between £27 to £36.50 per day (maximum charge 10 days) depending on vehicle size.
Complete Car Protection Package (CPPP) covers the car in the case of damage. CPPP includes all of the services included in CPP except Super Personal Accident Insurance and costs between £20 to £29.50 per day (maximum charge 10 days) depending on vehicle size. Vehicle damage claims are subject to a £66 administration fee.
Excess Reduction: - Excess Reduction and Windscreen Cover costing between £17 to £26.50 per day (maximum charge 10 days) depending on vehicle size. Vehicle damage claims are subject to a £66 administration fee.
Personal Accident Cover (PAI): provides personal accident cover to the driver and passengers. The protection covers the driver for personal injury. Do check if you need this cover as many travel insurance policies provide similar cover.
Windscreen Protection: removes the excess on front windscreen damage
Roadside Assistance Plus provides protection on recovery assistance costs if you experience a non-mechanical breakdown during your journey. You also don't have to worry about call-out charges. You may be surprised but you are not automatically covered by Avis for every type of incident which might mean you need to call out the recovery team, For instance if you need help in replacing a tyre, dealing with a flat battery, run out of fuel or lock yourself out of the car you may be liable for the recovery costs.
Over a two week holiday the total cost of this insurance bought from Budget can easily cost £300-£400, whilst an independent insurer would charge around £30 for broadly similar cover. Annual car hire insurance policies are available for less than £40. Visit the MoneyMaxim car hire insurance service to run a quotation
If you have any queries do call a member of the MoneyMaxim car hire insurance team.
This content was last reviewed on 04/01/2017