American Express Rental Vehicle Excess Travel Insurance Review April 2021

American Express Rental Vehicle Excess Travel Insurance

Feel safe and secure when you rent a car overseas with American Express Rental Vehicle Excess Travel Insurance.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Travel insurance rules continue to change as a result of the coronavirus pandemic. We’re working hard to keep up and make sure our guides are up to date, however some information may not be accurate during the pandemic. It’s even more important to double-check all details that matter to you before taking out cover. Please know that some policies may not be available through Finder at this time. Here are some helpful tips:
    • If you're buying a policy today, it's unlikely that you'll be covered for border closures
    • If your travel plans go against government advice, your policy will most likely be voided and you won't be covered
    warningFinally, some good news! Travel is picking up, so some insurers have started offering cover again. Just remember, you won't be covered for any pandemic related claims if you do take out domestic travel insurance.

    Important Information

    American Express Rental Vehicle Excess Travel Insurance is no longer available for sale. However, we've kept the information online for the benefit of existing customers and for those who are interested.

    You can compare rental car insurance excess from our panel of providers.

    Hiring a rental vehicle when you travel is a common part of many holidays, as it allows you the freedom to explore at your own pace, without being tied to public transport timetables, let alone being held up by unfamiliar systems, ticketing and routes. Your rental vehicle is instead your ticket to creating your own dream holiday and pursuing whatever adventures and opportunities cross your path.

    You may also prefer to hire your own car when you travel for business too, rather than relying on colleagues or taxis to guide you around your host city. You are able to arrive and depart exactly when and where you need to, which can be very valuable when you are ready to escape a cocktail party or if you are determined to arrive on time every time, delayed by no one.

    Looking for Rental Vehicle Excess Insurance?

    NameInternational or domestic coverEligible driver ageFeaturesStarting price (per day)Apply
    Rental cover logo

    Both19–99 years
    • Complete vehicle cover for up to $100,000 in damages
    • Can be used with any rental car company worldwide
    • 30% discount for seniors, students and those in the military
    • Underwritten by Lloyds
    • No further excess payable
    $9.48 ($0 excess)Get quote
    Picture not described

    Car hire excess

    Both21–75 years
    • Cover from $4,000 to $8,000
    • Additional cover for damage to windscreens, roof, tyres and underbody
    • Underwritten by Lloyds
    • No further excess payable
    $9.30 ($0 excess)Get quote
    Picture not describedTripcover car excess insurance


    Both21–71 years
    • Cover from $4,000 to $8,000
    • Underwritten by Allianz
    • Excess options: Nil or $300
    $5.68 (with a $300 excess payable)Get quote

    *Prices are based on a 15-day hire in Australia, as of September 2019. Benefits vary from brand to brand. Always read through the product disclosure statement (PDS) to make sure the product is suitable for you.

    Who Underwrites American Express Rental Vehicle Excess Travel Insurance?

    American Express Travel Insurance is issued and underwritten by Chubb Insurance Australia Limited ABN 23 001 642 020, AFSL No. 239687

    Of course as soon as you borrow something which isn’t yours, the original owner wants some reassurance it will be returned in its original condition and rental vehicles are no different. Your hire car agreement will include an insurance excess which is payable if you damage the vehicle or it is stolen while in your care. As valuable as a hire car is, there is little you can do to avoid accidents and vandalism and while it’s easy to think that it won’t happen to you, the rental vehicle insurance excess is often quite a significant amount.

    How can I access this cover?

    All inclusive with American Express Multi-Trip policies

    All American Express annual multi-trip policies include rental vehicle excess cover as a complimentary feature, to pay the insurance excess for you, if your rental vehicle is stolen, crashed or damaged. Your American Express rental vehicle excess cover also includes a benefit to help you pay for the return of the rental vehicle to the hire company, if you are unable to do this yourself.

    Rental vehicle excess cover is included in all American Express multi-trip policies, which include:

    • Multi-trip - Australia Domestic: is a 12-month renewable policy which allows you to take an unlimited number of journeys during your insurance period without applying for travel insurance each time. The maximum length of any one journey is 60 days. The Australia Domestic multi trip policy is only available as single cover.
    • Multi-trip - Worldwide: is also a 12-month renewable policy with cover for unlimited journeys, where the maximum period of 60 days. With worldwide cover you have the choice of a single or family policy.

    Learn more about American Express Multi-Trip Travel Insurance

    Optional cover with other American Express Travel Insurance plans

    Rental Vehicle Excess Cover is also available as an optional cover with the following plans:

    • Comprehensive single trip cover (international)
    • Snow cover
    • Golf cover

    American Express Rental Vehicle Excess Travel Insurance as a standalone travel insurance policy

    You can also take out Rental Vehicle Excess Cover as a separate policy depending on the nature of your travel arrangements. This cover is only available for one return trip and you have the option to choose a single or family plan.

    Features of the Rental Vehicle Excess plan

    Key features of rental vehicle excess insurance cover from American Express include:

    • Rental vehicle excess: If a vehicle you have rented from a rental company is damaged or involved in an accident while you are driving or is stolen during your hire term, American Express travel insurance reimburses you the cost of the rental vehicle excess, or the cost to repair the vehicle, whichever is less. The rental vehicle excess insurance is not replacing rental vehicle insurance and the benefit only provides cover for the amount of the excess.
    • Returning your rental vehicle: Your American Express rental vehicle excess insurance will also pay a benefit of up to $500 to pay for the return of your rental vehicle to the nearest depot if you are certified in writing by a medical adviser that you are unfit to return the vehicle yourself.
    • Eligible claim conditions: American Express will not pay a claim on your rental vehicle excess insurance if the damage to the vehicle occurs when you are in violation of the rental agreement, you are affected by drugs or alcohol, or you don’t have the necessary licenses for the vehicle.
    • Up to $3,000 benefit: Your travel insurance will pay a benefit of up to $3,000 to cover your rental vehicle excess on a single or family American Express travel insurance policy.

    Am I eligible for cover?

    You are eligible to apply for American Express Rental Vehicle Excess Travel Insurance cover if you are:

    • An Australian resident;
    • Under the age of 80 at the time of application;
    • Purchasing the policy prior to the commencement of your journey;
    • Starting and ending your trip in Australia.

    When you choose a rental vehicle as part of your travel experience, you rely on it to guide you to where you want and need to go and be an anchor for your explorations in a new city or country. Therefore, you don’t want this important travel resource to turn nasty on you when you have to fork out for an insurance excess in the event of an accident or theft. Instead, make sure you save your emergency holiday fund for bigger emergencies – or better yet, keep it in tact until you return home – with rental vehicle excess cover as part of your American Express travel insurance policy.

    Receive a Quote for AMEX Rental Vehicle Excess Travel Insurance

    More guides on Finder

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

    4 Responses

      Default Gravatar
      GordonOctober 4, 2018

      Hi, I’m booking a return flight from Melbourne to Brisbane using my AMEX Black Altitude Card. Is my excess fee on my rental car (it’s up to $5600) covered with the complimentary insurance?

        Avatarfinder Customer Care
        JhezOctober 5, 2018Staff

        Hello Gordon,

        Thank you for your comment.

        Upon checking, yes, you’re covered for up to $5,500 for rental vehicle excess for using your Altitude Black Card.

        Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


      Default Gravatar
      JohnJanuary 23, 2018

      I think it used to be that if you paid for car hire with Amex, insurances were automatically covered. Is that still true?
      Cheers, John

        Default Gravatar
        ArnoldJanuary 23, 2018

        Hi John B,

        Thanks for your inquiry

        Depending on which Amex card you have, there may be complimentary insurances you can take advantage of this may include car hire excess cover. You may refer to our review on American Express Complimentary Travel Insurance for more information about this. You can also review your card’s Product Disclosure Statements/Terms and Conditions.

        Hope this information helps


    Go to site