Tips for Saving Money on the Best Car Hire Excess Insurance


Car hire excess insurance is a crucial safeguard that protects travellers from high excess fees in case of an accident or damage to a rental car. While this coverage is essential, finding the best car hire excess insurance at an affordable price can be a challenge. In this article, we will explore practical tips to help you save money while securing the best car hire excess insurance for your travel needs.

Understanding Car Hire Excess Insurance

Car hire excess insurance is a secondary insurance that covers the excess amount you would be liable to pay to the rental company in the event of an accident or damage. This coverage complements your primary auto insurance and ensures you are not burdened with substantial out-of-pocket expenses.

Assessing Your Needs

Before embarking on the search for car hire excess insurance, take a moment to assess your needs. Consider your travel habits and how frequently you rent cars. Evaluate your existing insurance coverage, such as personal car insurance and credit card coverage, to determine if they offer any protection for rental cars. Identify potential risks you might encounter during your travels to determine the level of coverage required.

Shop Around for the Best Deals

Research and compare different car hire excess insurance providers to find the best deals. Utilize online comparison tools to evaluate policies and prices from various companies. Independent providers may offer more cost-effective options compared to rental company offerings. Remember to consider not just the price but also the coverage and customer service when making your decision.

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Pay Attention to Coverage Limits and Exclusions

Thoroughly review the coverage limits of different insurance policies. Ensure that the coverage provided meets your specific needs. Also, be aware of any exclusions or situations that are not covered by the policy. Additionally, consider adding any optional add-ons that might enhance your coverage based on your travel plans.

Bundling Options for Cost Savings

Consider bundling car hire excess insurance with other travel-related policies for potential cost savings. Some insurance providers offer bundled insurance packages that include coverage for various aspects of your trip. Look into multi-trip or annual car hire excess insurance plans if you travel frequently, as they can be more economical in the long run. CarInsuRent, an independent provider, offer annual car hire excess insurance policy for Europe at US$ 89.90 (or US$ 115.90 for Worldwide coverage), and covers almost all eventualities – damage to windows, wheels and tyres, undercarriage and roof and misfuelling. You can hire as many car rentals as you like for up to 45 days. For shorter rentals you can buy daily cover for US$ 5.50/day. Exploring options to bundle with your regular car insurance may also yield savings.

Taking Advantage of Discounts and Promotions

Check for any discounts or promotional offers available from insurance providers. Many companies offer special deals during specific travel seasons or holidays. Take advantage of loyalty programs or rewards offered by insurance companies to further reduce your costs.

Reviewing Policy Terms and Conditions

Read and understand the fine print of insurance policies before making a purchase. Pay attention to cancellation policies and refund options in case your travel plans change. If you have any doubts or questions, clarify them with the insurance provider before finalizing your decision.

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Opting for a Higher Excess Amount

Consider opting for a higher excess amount to reduce your premium costs. A higher excess means you would have to pay more in case of a claim, but it can lower your insurance premium significantly. Weigh the benefits of a higher excess against the potential financial implications if you need to make a claim.

Taking Care of the Rental Car

Taking good care of the rental car can help you avoid damages and potential claims. Follow the rental car guidelines provided by the company and document the car’s condition before and after the rental period. Minimize the risk of making a claim and incurring excess charges by being a responsible and cautious driver.

Avoiding Unnecessary Extras from Rental Companies

Rental companies may try to upsell you with additional coverage that you might already have through your car hire excess insurance or existing insurance policies. Be cautious about these upselling tactics and understand what additional coverage you may already have to avoid unnecessary expenses.

Many rental companies offer GPS rental services, but nowadays, most travellers have smartphones with GPS capabilities. Instead of paying for a rental GPS, use Apps such as Google Maps or MAPQUEST or bring your own portable GPS device if needed.

Seeking Professional Advice if Needed

If you’re uncertain about which car hire excess insurance is best for you, consider seeking advice from insurance experts. You can consult with insurance professionals who can provide personalized guidance based on your travel plans and needs. Additionally, read customer reviews and testimonials to gain insights from others’ experiences and make an informed decision.


Car hire excess insurance is an essential investment for stress-free car rentals, ensuring you are protected from excessive fees in case of an accident or damage. By following these tips, you can find the best car hire excess insurance that suits your needs while also saving money on your travel expenses. With the right coverage in place, you can enjoy your journeys with peace of mind, knowing you are well-prepared for any unforeseen events on the road.