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Andrew Daniel

Andrew is the newest member of the team and is already making his mark with his insightful & cutting edge reporting on the latest news in the personal finance arena.

Peer to peer car clubs

Car club insurance excesses can be high and policies not cover everything you'd like to, we compare specialist policies.

Owning and running a car is expensive, the RAC calculated £6,689 per year for 2011. According to the Economist, an increasing number of consumers have taken the decision to avoid ownership altogether and hire a car when needed. They also note an increasing willingness for owners of cars to try to recoup some of their costs by signing up with peer-to-peer car hire exchanges though these are still mostly centred around larger cities.

Car club insurance excesses can be high and may not cover key areas of the car and even if you pay for additional cover, it may only reduce the excess not remove it completely. The good news is that there are a number of insurers now in the market and we have compared the car club insurance excess policies.