set to get stung this Easter with Sky-High excess insurance
costs – EU car rental firms cash in on UK drivers with massive
13 March 2008
of Excess charges this Easter in Europe's top hot spot destinations
bills of up to £1,000 leave travellers with dents in their
catch standalone Excess cover at just £49 a year for Europe
saves drivers £££s
is likely to see thousands of Brits heading for the sun.
holiday makers driving rented cars in the Eurozone are vulnerable
to huge Excess charges of up to £1,000 which car rental firms
can swipe from their credit cards, reports standalone Excess
insurance specialist Insurance4carhire.com.
survey* from Insurance4carhire.com reveals that the top five
European holiday-in the- sun destinations for this Easter
are Malaga (Southern Spain), the Canay Islands, Portugal,
France and Malta - areas where Brits frequently get stung
with Excess charges.
of those holidaymakers surveyed by Insurance4carhire.com ,
nearly 40 per cent said they were not aware that they were
liable for these charges.
overseas, many UK drivers have to accept the car hire firm's
Excess cover at higher prices or else drive away with no protection
against Excess on damage and theft," says Insurance4carhire.com
even with excess cover bought from their car rental firm,
drivers may still have to pay up for damage to the undercarriage,
tyres and windows as many firms exclude this from their policies.
peak seasons such as Easter when rental queues are endless,
it is a common mistake not to check the small print," he says.
"Rushing through the hiring process can potentially cost them
hundreds of pounds should they return with a chipped window
for which they weren't covered.
would strongly advise anyone hiring a car abroad to read their
car rental agreement as they vary from country to country,
as does the Excess charge which they could be liable for (see
table below). Better still, buy from Insurance4carhire.com
before leaving the UK.
with its hefty Excess charge of up to £1,000, generally includes
damage to the undercarriage, tyres and windows, those travelling
to France could be hit by a charge as damage to those parts
of the vehicle is generally excluded. Malta & Spain are slightly
more lenient with Excess charges, but it's still worth paying
attentionto what you are signing up for."
has developed an alternative that will save motorists a small
fortune: low annual car rental Excess insurance products to
protect customers whenever they rent a car, with peace of
mind that the total amount of Excess will be covered.
cover costs just £49, covering the policyholder and all
additional drivers on the car rental agreement for multiple
use throughout the year.
cover costs just £59 to provide protection anywhere in
the world where Excess is charged.
Insurance4carhire.com survey undertaken in the 12 months up
to February 2008.
about this Press Release
in 2002 Insurance 4 Car Hire is an innovative online insurance
company whose core business is the provision of car rental
Excess insurance. The business was born out of the high costs
being charged by the car rental companies for Excess cover.
Insurance4carhire strives to bring customers annual Excess
insurance products offering customers convenience, peace of
mind and very significant savings when they rent cars.
2005, for the second year running, Insurance4carhire received
the accolade of "World's Leading Innovative Ecommerce Travel
Product" from The World Travel Awards. These annual awards
celebrate achievement in the travel industry and are based
on votes cast by travel industry professionals throughout
reflect the increasingly global reach of its products, Insurance4carhire
changed underwriters to AIG UK Ltd, a member company of American
International Group, Inc., (AIG) in December 2007. AIG is
one of the worlds leading insurance companies with operations
in more than 130 countries.
4 Car Hire is now part of the Towergate
Partnership the largest independently owned insurance
intermediary in Europe.
for car hire excess insurance?
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