Car Hire Excess Waiver – What Do I Need to Know?

A car hire is totally convenient during road trips or when you're touring around a new place. And with more car rental depots than you can count, you'll surely be able to get a car that you can afford to pay for and drive. But if you want to save on some money and make your travels much easier, take note of certain things before hiring a car.

First of all you should got through all the car hire options and rates. Of course you might think that the smaller the car, the cheaper the rate, and the better it is. But besides checking on the price, you should also check if the car is spacious enough, easy to drive, and how far or long you can drive it. If you're travelling with company on a road trip then you ought to get a bigger car with much space for travelling bags and with unlimited kilometers included. Although it will cost you a few more dollars, you are paying for the benefits and convenience. When choosing a car to rent, especially in a new place, get something that's quick to drive and maneuver. Considering how you're not familiar with the area and you only have a map to rely on, you'll surely being doing a lot of stops from time to time. So you should keep a small car in mind with auto transmission.

When you do a car hire and you're new in town it's also important to take note of designated toll gates and fees, especially when driving to beaches, nature parks, and other far-distant areas close to the city you're staying in. You may need a toll ticket when passing a gate. So if you have problems settling toll accounts you might be charged by your car rental depot as well as they will have to fix it for you. Right when you're about to do a car hire, inform the depot about your license and other fundamental data about you. Car rental depots in places like Australia, give out a surcharge for drivers below 25 years of age. Lastly, ask the depot to be clear about the total cost. Make sure there are no more fees that they might place without you knowing about it until the return date. And if you can get an all-inclusive deal instead so you can save up on some money.

It has to be admitted that ‘Car Hire Excess Waiver’ is a grim-sounding phrase that’s not likely to immediately ring a bell in most people’s minds. It is in fact a technical term used to describe an aspect of rental car insurance.
If the thought of reading about insurance has you reaching for the ‘NEXT’ button, you may want to pause. Car hire insurance can be expensive and you have ways of saving yourself a lot of money – so it may be worth reading on!
When you hire a car, the position with regards to what insurance is or is not included in the rental price will vary considerably. In some countries such as the UK, it is now fairly common to see some forms of basic insurance included in the rental price. In fact, by UK law, a hire car must come with at least unlimited third-party liability included (this is the form of insurance to cover claims from other people that you have injured them or their property with the rented car).
In the UK and many other European countries, if renting from a major rental company, the basic rental price may also include something called CDW (Collision Damage Waiver). This insurance covers damage done to the rented car.
In other countries, such as the USA, the basic rental price may include little if any insurance and the renter will need to purchase it separately from the rental company or from a specialist insurance provider – it’s worth remembering that the renter is not obliged to buy such insurance from the car rental company. In fact, the insurance sold by the car rental company will usually be several times more expensive than similar insurance purchased over the Internet from a direct provider.
If you have purchased or had ‘included in the price’ insurance from the rental company, you may find that the policy is subject to excess. The excess is what the rental company will call a mandatory contribution that you would have to make towards the cost of an accident. It is usually set somewhere between 500 and 1500 pounds. What this means is that if it is set to say 750 pounds and you subsequently have an accident resulting in 1500 pounds’ worth of damage, the rental company would debit your credit card for 750 pounds of it as ‘the excess’. If the damage cost were 400 pounds with 750 pounds excess, you would have to pay the entire 400 pounds.
If you don’t like the thought of this sort of risk, you can eliminate it with car hire excess waiver insurance. You can deal with this through the rental company. By paying them an additional amount of money they will reduce or eliminate (i.e. waive) the excess. Strictly speaking, car hire excess waiver purchased like this is not really insurance although the rental company may call it ‘top-up’ insurance. It is also likely to be very expensive and there are much cheaper ways of dealing with the excess.
If you’re looking for car hire excess waiver insurance, you can purchase a policy of this type from the direct insurance providers over the Internet. This insurance works simply and efficiently – if you have an accident and the car rental company charge excess to your credit card, you can claim this back from your specialist car hire insurance company.
These forms of directly purchased car hire excess waiver policies also offer numerous other advantages including the fact that they can be purchased on a daily or annual basis and cover any vehicle you rent during that period (subject to terms and conditions). It’s perhaps worth looking at further if you’re looking to save money.