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Susan Care

Susan works as editorial assistant and researcher on personal finance stories. She also writes on a number of breaking news stories, as well as offering great money saving tips to shopping-savvy consumers.

Why car hire excess insurance is required this Summer

A growing number of British families are hitting the European roads this summer for a fun-filled holiday.

Whether you plan on flying to your holiday destination or driving there, there are a number of things you may need to consider when hiring a car. In addition to car hire costs, there could also be the issue of car hire excess insurance.

If you are planning on flying to your holiday destination and driving overseas, it could be worth booking your car hire and car hire excess insurance in advance. You could shop around for a good deal by using a comparison tool such as the MoneyMaxim car hire and car hire insurance comparison service.

Car hire excess insurance is an additional extra which you might want to consider as it could give you peace of mind when driving in a foreign destination. Without excess cover you could be liable for any excess charge if the vehicle is damaged.

One of the main things you may need to consider when driving through European countries will be the cost of fuel and the regulations within that country.

Research shows that the price of fuel in some popular European holiday destinations has dramatically increased over the last five years. Figures from the Post Office show that petrol prices across Europe have increased by 60% in France, Spain, Italy, and Portugal in the last five years. Switzerland offers motorists the least value for money, with prices at the pumps shooting up by an average of 82% since 2007.

British holidaymakers are how having to pay an average of £1.37 per litre in Switzerland, £1.67 in Italy and £1.48 in France.

Another thing to take into consideration when driving overseas are the driving regulations and rules. For example, the French government is introducing a law from 1st July that any unused breathalyser must be kept in the vehicle at all times by all road users, including visitors. If not, they may be subjected to a significant fine.