Annual Car Hire Excess Insurance from US$ 94.90

Whether you rent frequently or plan an extended trip, our comprehensive car rental excess insurance policy ensures you’re covered all year round, saving you money and hassle with every rental. Stay prepared, travel smarter, and enjoy the road with confidence! Avoid unexpected costs on your next car rental with Annual Car Hire Excess Insurance starting at just US$94.90.

Vehicle rental excess insurance

What is insured?

• Excess reimbursement up to US$ 4,500
• Damage Waiver (LDW) up to US$ 4,500
• Towing charges up to US$ 500
• Improper fuel charges up to US$ 500
• Loss or theft of keys up to US$ 500
• Vehicle return charges up to US$ 250
• Personnal belongings up to US$ 500
• Hotel expenses up to US$ 150

What is not covered?

• Damage to the vehicle or property of a third party
• Damage caused by a person not authorized to drive the rented vehicle
• Mechanical failure of the rented vehicle
• Loss or damage to the vehicle’s interior that is not related to a collision.
• Parking tickets or fines, traffic violations and such
• Any loss that occurs outside the validity of the insurance
• Any rental contract of more than 45 days

Is the coverage subject to any type of restrictions?

• Any claim resulting from a direct breach of any of the terms and conditions of your rental agreement
• Any person under 21 or above 84 years of age
• Rentals that begin or end outside the insurance period, as indicated on the insurance certificate
• The policyholder must be designated as the main driver in the rental agreement
• The maximum amount that can be claimed for a single loss is US$ 4,500
• Damage to Recreational vehicles (RVs) / Motorhomes / Campervans (unless you have purchased a specific cover)
• Damage to vehicles provided by a peer-to-peer vehicle rental service platform or a subscription vehicle service is excluded (unless purchased specific coverage)..

Where do I have coverage?

• Anywhere in the world except trips in, to or through Afghanistan, Cuba, Congo, Iran, Iraq, Ivory Coast, Liberia, North Korea, Myanmar, Russia, Sudan, Syria, Ukraine and Zimbabwe

What are my obligations?

• When applying for your policy, you must exercise reasonable care to honestly and carefully answer any questions asked.
• You must take all reasonable steps to avoid or reduce any loss (for example, you must report accidents or other damage to your rental company nd to CarInsuRent as soon as reasonably possible).
• If you make a claim, you must provide the documents and other evidence that claims handlers need to process your claim.
• You must repay any sums to which you are not entitled (for example, if we pay your claim for an accident which is later compensated by a third party).
• You must not violate the terms of the rental agreement.

When and how do I make the payment?

• The premium must be paid in full before the policy start date. Payment can be made by credit or debit card or PayPal through our website

What is the start and end date of coverage?

• As set out in the insurance certificate, as agreed in the application process, your policy will cover you from the start date and time of your booking to the end date and time of your booking.

How do I cancel the contract?

• You can cancel your policy before the start date or within 14 days from your purchase through our customer service team.

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The Basics of Car Hire Excess Insurance Policy

Excess reduction is optional coverage from car rental companies, which reduces the renter’s financial liability if the vehicle is damaged or stolen. The maximum limit is reduced in the case a claim has already occurred.

What is Super Collision Damage Waiver (SCDW)?

Super Collision Damage Waiver (SCDW) is an upgraded form of Collision Damage Waiver (CDW) offered by rental car companies. It significantly reduces the lessee’s financial liability in case of damage to the rental vehicle. While CDW typically comes with a deductible or excess amount that the renter is responsible for in case of rental car damage, SCDW lowers or eliminates this excess, providing more comprehensive coverage. Essentially, SCDW serves as a means for renters to minimize their out-of-pocket expenses in case of accidents or damages to the rented vehicle during the rental period.

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

Purchasing SCDW 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 excess 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.

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 rental insurance policies impose an insurance excess of several hundred Euros. This leaves you with the bill for the first €900-€3,000 – 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.

Here’s How CarInsuRent Annual Car Hire Excess Insurance Saved Our Client a Significant Amount of Money

Mr. Darren C, rented a vehicle from Enterprise in Spain. Despite declining the rental company’s SCDW coverage due to its high cost, Darren decided to purchase standalone annual car hire excess insurance from CarInsuRent after reading about its benefits.

Copy of Mr. Darren C. Car Hire Excess Policy

After Darren returned the rental vehicle, he received a letter from Enterprise stating that the rental car was damaged during his rental.

Enterprise Damage Recovery Unit Notification

Enterprise Damage to Rental Car

Unfortunately, Enterprise charged Darren US$ 1,355.31 for the damage.

Enterprise Damage – Repair Cost

However, Darren had purchased annual car hire excess insurance, which covered the excess amount he would have to pay in such situations. As a result, he was able to file a claim with CarInsuRent, and we reimbursed him for the repair costs incurred by the rental company. This saved Viktor hundreds of Euros, as he only had to pay US$ 94.90 for the car hire excess coverage instead of the full repair bill.

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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 the best car hire excess insurance from CarInsuRent.

CarInsuRent annual car hire excess insurance Europe is US$ 89.90 (or US$ 115.90 for Worldwide car excess insurance), 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$ 6.50.

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

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.

What to Do When You are in a Rental Car Accident?

If you are involved in an accident while driving a rental car, there are certain steps you should follow to file a claim with the rental car insurance company. First, exchange personal information with the other driver, including name, address, license plate number, rental vehicle information, insurance company, and policy number, and document the accident with pictures and notes. If the other driver is at fault, you should get their contact and insurance information and call their insurance company directly to file a claim. If you are at fault or have non-collision damage, you can file a claim with the rental car insurance company. The process for filing a claim with the rental car insurance company may vary depending on the provider, but typically, you would need to provide details of the incident, including the date, time, and location of the accident, as well as any police report numbers, if applicable. Additionally, you may need to provide documentation of the damage, such as photographs or repair estimates.

For further advice, we encourage you to read our detailed guide to Handling a Rental Car Accident Efficiently.

How to File a Claim

If you are involved in an accident while driving a rental car, there are certain steps you should follow to file a claim with the rental car insurance company.

Required Documentation for Filing a Claim

• A copy of the Certificate of Insurance
• A copy of the rental agreement
• A copy of the police report if:
  • you got in an accident with a third party
  • It is legally mandated in the country of incident
  • your claim is about stolen personal belongings
• A copy of the damage report given by the rental company, detailing each cost incurred. Photographs of the damage are optional but may help ensure that the charges are reasonable.
• Detailed repair receipts, invoices or other documents showing the breakdown of the amount the rental company charged you for the accidental damage or loss
• A copy of your credit card statement that reflects your payment for the claimed damages
• A copy of the driver’s license of the person driving the car during the accident

What Documents Do I Need to File My Claim?

Tips for a Smooth Claims Process: Filing a claim can be a complicated and stressful process. The following tips can help ensure a smoother claims process:

• Document everything: Documenting all the details of the accident or loss, including taking photos and notes, can help speed up the claims process and reduce the possibility of disputes.
• Communication: Communication is key in any claim process. Keep thorough records of all communication with the insurer, and discuss your expectations for the claims process with the adjuster. You can also ask about the frequency of updates and the preferred type of communication.
• Avoid duplicate claims: Avoid submitting duplicate claims, as it slows down the claims payment process and creates confusion.
• Understand your coverage: It’s important to understand your coverage, including the limits and deductibles, before filing a claim. Understanding your policy can help ensure that you receive the maximum benefit to which you are entitled.
• Be patient: Claims processing can take time, so it’s important to be patient. 

By following these tips, you can help ensure a smoother claims process, and increase the chances of receiving the maximum benefit that you are entitled to under your policy.

Claims Process 

By following these tips, you can help ensure a smoother claims process, and increase the chances of receiving the maximum benefit that you are entitled to under your policy.

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.

Vehicle inspection for rental car

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.

Final Thoughts

Investing in Annual Car Hire Excess Insurance from just US$94.90 is a smart and cost-effective way to protect yourself against unexpected charges during your travels. By choosing the best car hire insurance, you can enjoy peace of mind, knowing you’re safeguarded from costly rental car excess fees for an entire year. Whether you’re a frequent renter or planning a big trip, this affordable policy ensures you’re prepared for the unexpected. Drive with confidence, save money, and make the most of your journey!

FAQ

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.

What is normal excess on hire car?

If you are renting the vehicle and the rental vehicle is damaged, you can cover the excess costs. For the average SUV, this is generally around $800 – 3,500. Car rentals often upsell a hefty day charge to reduce your excess to $0-$350.

What is the best way to cover rental car excess?

The best way to cover rental car excess is by purchasing standalone car hire excess insurance, also known as excess waiver insurance. This policy provides coverage for the excess amount charged by the rental company in case of damage or theft of the rental vehicle. It’s often more cost-effective than purchasing excess reduction directly from the rental company and offers broader coverage.