Annual car hire excess insurance Policies V Daily Rate car hire excess insurance Policies

There are car hire excess policies available to suit everyone’s needs. Picture this; you arrive at the car rental desk late at night and the representative tells you that you need to pay a hefty excess fee of €500 to €2,000. They can either freeze this amount on your credit card or you must leave a cash deposit. To the unseasoned renter, this can be very daunting. They will most likely offer you an insurance policy to cover this hefty excess, but it could cost you up to €20 per day!

This is where an excess waiver policy can be very useful. It means you can decline the additional cover they are offering and reset assured that you are already covered on your own car hire excess policy, at a cost of only €2.99 per day if you took out a daily rate policy or less than €1.00 per day if you took out an annual policy.

If you are the type of individual who only rents a vehicle for a couple of days per year when you go on vacation, then a daily rate policy is most likely the one for you. However, if you travel away a couple of times per year and rent a vehicle each time, then there are huge savings to be made by purchasing an annual car hire excess policy.

Purchasing a policy couldn’t be easier; simply log onto a car hire excess insurance provider’s website BEFORE you sign your rental agreement, and you stand to make huge savings. Logging onto a comparison website, such as UCompare.ie helps you to easily compare all of the cover available on the market and make an informed decision that is right for you.