Cheap car hire excess insurance

What you get (and don't get) with cheap car hire excess insurance. Grab a coupon and a good price. 

Wanderlust girl traveling

A cheap car hire excess insurance policy can be a good way to bring down the expensive excesses rental companies typically charge if your rental is damaged or stolen. However, cheap policies usually come with a few sneaky exclusions, so don't get ripped off with a bargain policy.

Save on your policy with a coupon

Rental Cover Deals Rental Cover Deals

30% off RentalCover.com policies

Available if you're a senior, student or part of the military. You’ll need to send RentalCover.com a copy of the appropriate I.D as proof of eligibility.

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Tripcover Deals Tripcover Deals

5% off your car rental excess policy

Get 5% off your next policy with Tripcover by using your frequent flyer number when you take out car rental excess insurance cover.

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Compare cheap car rental excess insurance

Name International or domestic cover Eligible driver age Features Starting price (per day) Apply
Picture not describedAmerican Express logo

American Express

Both Up to 79 years
  • Cover up to $3,000
  • Underwritten by Chubb
  • Excess options: $100, $200 and $500
$2.83 (with a $100 excess payable) Get quote
Picture not describedTripcover car excess insurance

Tripcover

Both 21–71 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
Picture not described

Car hire excess

Both 21–71 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 Get quote
Rental cover logo

Rentalcover.com

Both 19–75 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
  • No further excess payable
$9.48 Get quote

Is it a good idea to get cheap car hire excess insurance?

Without car hire excess insurance, you might have to fork out up to $8,000 if your rental car is damaged in any way. Cheap car hire excess insurance is helpful if you want to reduce that excess but your wallet will still take a hit. Your excess won't be thousands, it's more likely to be a couple hundred bucks, so you'll still be out of pocket.

If that doesn't bother you, then cheap rental car insurance could be just right. It's definitely better than not getting any cover at all.

Just keep in mind that your cover will be limited to your rental agreement without any extra provisions the way other policies might. As an example, if your rental agreement doesn't cover damage to windscreens, then your rental car excess insurance won't cover it either. Some brands like Rentalcover.com and Car Hire Excess actually do cover this as an added benefit.

If you're someone who prefers more comprehensive cover, then getting a cheap policy might not be the best idea. As you can imagine, with any cheap policy, you get what you pay for. Most cheap car hire excess insurance policies will have more restrictions.

What's not included in budget policies

Budget policies have appealing price tags but don't let that trick you; they often come with a catch. Here's what to look out for.

  • Excluded cover. Windscreens, tyres, roof and underbody are often excluded from cheap car hire excess insurance policies, which doesn't really help you, considering that a chipped windscreen or flat tyre are among the most common things to go wrong.
  • Cover for specific vehicles. Some policies will only cover certain types of vehicles so make sure your car is included if you opt for a cheap policy.
  • Excesses. With a cheap policy, you'll probably still have an excess to pay. Sure, it won't be thousands but you could still looking at a few hundred out of pocket.
  • Additional drivers. Budget cover may exclude additional drivers or charge more to add them onto the poli
  • Cover for lost keys. More comprehensive policies can also include cover for lost keys and replacements.
  • Cover for administration fees. If you need to make a claim on your rental car, some rental companies actually charge administration/processing fees. This will be a further out of pocket expense with a cheap policy.

Other ways to save

You don't need to get cheap car rental excess insurance to save money. There are other options out there that give you better value for your money. These include:

  • Increase your excess option. Choose a brands that lets you select a level of excess that you're comfortable with and hope you don't have to make a claim.
  • Discounts/coupons. Take advantage of available coupons to save a few more dollars off your policy.
  • Get an annual policy. If you hire cars regularly, then an annual car excess insurance policy is a cost-effective way to go.
  • A travel insurance policy. Are you travelling overseas, interstate or at least 250km away from home when you hire a car? If so, you'll probably already get some kind of travel insurance. All you need to do is take out a policy that includes car rental excess cover.
  • Compare car hire. It can save you loads.

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