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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.
|Name||International or domestic cover||Eligible driver age||Features||Starting price (per day)||Apply|
|Both||21–71 years||$5.68 (with a $300 excess payable)||Get quote|
|Both||21–75 years||$9.30 ($0 excess)||Get quote|
|Both||19–99 years||$9.48 ($0 excess)||Get quote|
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.
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.
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:
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