Should I Take a Daily or an Annual Car Hire Excess Insurance Policy?

PUBLISHED ON Jan, 20 2023


Sorting out car hire can be one of the most stressful parts of arranging a vacation. Even with a relatively good-value deal there is the worry that when you arrive the desk will have closed for the evening, or run out of cars or given yours to someone else etc., or you will be subjected to unpleasant hard-sell tactics.

What is the Best Way to Get the Cheapest Car Rental Insurance?

Purchasing car hire excess waiver insurance directly from the rental company would not be the best deal, and it will probably always be more expensive than other alternatives.

With CarInsuRent, your car hire insurance will be paid daily or annually, depending on the type of coverage you choose.

We encourage you to shop around, compare deals online, get a few quotes that will assist you to find the best deal. Keep in mind that car hire excess insurance comparison is not only for the best price and you should search and read some car hire excess insurance reviews as well.

See How Much You Can Save on Your Car Rental Insurance

Get Started

Annual Car Hire Excess insurance – Reducing your Rental Car Insurance Excess

When you rent a car, the price ­usually includes insurance cover for a major crash or write-off, but But many car hire insurance policies impose an insurance excess of several hundred Euros. This leaves you with the bill for the first €900-€2,500 – the excess – after an accident. Car rental companies make their profits by selling add-ons, and in particular overpriced excess insurance. Car hire firms try to persuade you to buy “super CDW” insurance to bring the excess down to zero – but they charge as much as €25 per day for limited cover. It doesn’t generally cover damage to the roof, tyres, window and undercarriage of the car.

Buy Car Hire Excess Insurance in Advance

We recommend that you don’t hire a car without taking care of the excess on the insurance policy unless you’re happy to pay a hefty bill should the worst happen.

If you are reading this article it means that you’ve understand the risk and that you are aware to the fact that you don’t have to sign up to the policy you’re offered by the car rental company and that you can buy car hire excess waiver insurance from a specialist car hire excess insurance company.

CarInsuRent annual car hire excess insurance policy for Europe is US$ 89.90 (or US$ 115.90 for Worldwide coverage), and ­covers almost all eventualities – damage to windows, wheels and tyres, undercarriage and roof, misfuelling and the rest of the car up to US$ 2,500 per year. You can hire as many cars as you like for up to 45 days. For shorter rentals you can buy daily cover for US$ 5.50.

If you damage the car, the firms will charge the agreed excess, which you reclaim when you return home.

The drawback is that car hire desks will seek to block around €1,500 on your credit card for the ­duration of the rental if you don’t buy their ­insurance. So make sure your card has the ­capacity before you travel.

How to Find the Right Car Hire Excess Insurance Cover?

  • The claims limits, which should be enough to cover your excess
  • The price, which needs to be less than the price offered for Super CDW by the rental company to be cost effective.
  • The exclusions, so you know what you can claim for

See How Much You Can Save on Your Car Rental Insurance

Get Started

Annual Car Hire Excess Insurance Policy – the Cheapest Way to Reduce the Car Hire Excess?

You are likely to find that CarInsuRent annual car hire excess insurance policy is cheaper than single trip policies for trips of around 14 days or longer. If you are going on multiple trips across the year and will be hiring a car for these then you may find it better value in the long-term to purchase one annual policy instead of numerous single trip policies.

CarInsuRent offers you the flexibility to cover your car hire excess for a length of time which suits you.

Other Tips to Avoid Car Rental Scams

Check the car thoroughly

When you pick up the car, make sure that you mark every blemish or scratch on the rental agreement. Also check the spare wheel and whether the car is full of fuel (if it is supposed to be), and note down the mileage. We recommend that you take a video or photos as extra proof. When you return the vehicle, ask staff to inspect it and, ideally, to sign a confirmation that there is no new damage.

Keep hold of the paperwork

After you return the car and even if the rental passed off uneventfully, we recommend that you keep hold of the paperwork. In the following weeks keep an eye on your credit card to make sure promised payments are made, and that you’re not hit with extra charges.

So whether you hire a car regularly or just for a few days per year, we can provide a cover period to match. If you have any further queries please contact our customer service center either by email or over the phone within our office hours and we will be happy to help you.


Is it worth buying car hire excess insurance?

If you are renting a car, 3rd party car hire excess insurance could save you a lot of money. If you are renting a vehicle a few times during the year or if you rent a vehicle for a long term, you are likely to find that CarInsuRent annual car hire excess insurance policy is cheaper than single trip policies for trips of around 14 days or longer.

6 Responses

  1. James Bourhill says:

    I am renting two different cars in two different countries (France and Portugal). It is essentially one trip, two weeks in France and 2 weeks in Portugal. Should i take out the annual or single trip policy? My quote was $85.00 for the annul cover. I want to make sure that it is a once-off annual payment, not a monthly deduction from my account, Thank you in advance.

    • Gil Farkash says:

      Good morning James.
      Thank you for taking the time to contact us.
      The annual policy is billed only once – when you place your order. There is no recurring fee, and a friendly reminder to renew the policy (with a loyalty discount) is sent after 11 months.
      You are not obligated to renew the policy (although we hope that the discount will drive you to do so).
      I hope that I have addressed your question and concerns.
      Have a safe trip.
      The CarInsuRent Team

  2. sergey.zotchev says:

    I have problems buying annual policy using your website. There is always some issues – either the dates cannot be chosen, or the button for changing plan A to plan B is not working. Fix these issues, please!

  3. graliontorile says:

    Thank you for the auspicious writeup. It in fact was a leisure reading it.

  4. graliontorile says:

    Great amazing things here. I am very happy to look your article. Thank you a lot and i’m taking a look ahead to touch you. Will you please drop me a mail?

  5. gralion torile says:

    Thank you for the interesting tips.

Leave a Reply

Your email address will not be published. Required fields are marked *

Travel Tips and Guides

Compare Car Hire Excess Insurance: Find the Best Car Hire Excess Insurance for Your Rental

Gil Farkash

Verified writer Read More

Motorhome/Campervan Hire Excess Insurance Cover

Gil Farkash

Verified writer Read More

Worldwide Car Hire Excess Insurance

Gil Farkash

Verified writer Read More