Car hire excess insurance (also known as Excess Reimbursement Insurance) is a lot less scary than it sounds and if you ever have to hire a car, it could save you money in the process.
At its most basic level, our car hire excess insurance (a Which? Best Buy) is an insurance policy that you take out which allows you to be reimbursed the amount of excess you have had to pay to a car hire company if you accidentally damage your hire car.
Generally in the car hire industry, UK and European car hire agreements will usually automatically include CDW (Collision Damage Waiver), theft and third-party liability which covers the full value of the car and any damage to a third party in the event of an accident.
This means that if you end up damaging the vehicle, or causing damage to something else, you only need to pay out up to the excess limit, and the car hire companies own insurance will cover the remainder. However, the excess alone can still amount to £1,500 or more.
With a policy from ReduceMyExcess we’ll reimburse the excess you’ve had to pay once you’ve claimed through us, meaning you shouldn’t have to pay a penny in excess at all.
And even better – you don’t have to take out the hire company’s expensive excess waiver, saving you hundreds on the cost of car hire straight away.
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