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Most car rental companies will include some sort of basic insurance within your hire rate known as a Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW). This basic insurance is limited and can still put you at risk of huge out-of-pocket expenses in case something goes wrong with your rental.
Still need convincing about car rental excess insurance? Our guide will explain the 4 main reasons why car rental excess insurance is worth it.
When you hire a car, the rental company will usually let you know how much you'll be liable to pay if the car is damaged or stolen.
Here are the lowest excesses charged by 5 main rental companies in Australia.
*Excess charges were last updated in November 2019.
So essentially, if your rental car is damaged or stolen, you could be paying no less than $4,000 to cover the loss. This excess amount can also increase further if you hire a speciality or luxury car. Considering rental car excess insurance starts from $2.83 a day, it seems like a no-brainer.
An unfortunate truth is that you'll be held liable for any damages caused to the car while under your care, whether it was your fault or not.
While you might consider yourself a pretty nifty driver, you can't control if a hail storm hits, if a kangaroo decides to run out onto the road, or if someone decides to steal the car entirely.
Getting rental car insurance might be an added cost, but in return, you'll have peace-of-mind knowing you won't have to pay out those hefty excess charges.
Getting car hire excess insurance can be quick and easy if you want it to be. It's available;
Prices can start from just $2.83 a day if you're buying a standalone policy, or it can already be included in your travel insurance, or even with your credit card travel insurance.
We even have some coupons that can help save a few dollars.
|Name||International or domestic cover||Eligible driver age||Features||Starting price (per day)||Apply|
||$5.68 (with a $300 excess payable)||Get quote|
|Both||Up to 79 years||
||$2.83 (with a $100 excess payable)||Get quote|
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