What is Car Hire Excess Insurance?
Car hire excess insurance is a lot less scary than it sounds and if you ever have to hire a car, it could save you £100’s if not £1000’s in the process.
At its most basic level, car hire excess insurance is an insurance policy that you take out which allows you to be reimbursed the amount of excess you have had to pay to a car hire company if you accidentally damage your hire car.
Generally in the car hire industry, UK and European car hire agreements will usually automatically include CDW (Collision Damage Waiver) (LINK), theft and third-party liability. This means that if you end up damaging the vehicle, or causing damage to something else, you only need to pay out up to the excess limit, and the car hire companies own insurance will cover the remainder. However, the excess alone can still amount to £1,000 or more.
With a policy from ReduceMyExcess we’ll reimburse the excess you’ve had to pay once you’ve claimed through us, meaning you shouldn’t have to pay a penny in excess at all.
Do I Need It?
Car hire excess insurance isn’t mandatory, it’s not like car insurance and it isn’t a legal requirement when you hire a car.
Having said that, what car hire excess insurance does give you is protection and peace-of-mind that should you cause any accidental damage to your hire car you can claim through us and not let it ruin your holiday.