Car hire excess insurance?

BaguMka

Hi guys. I have issue about car hire excess insurance which i want to buy through website http://www.carhireexcess.com and the price is only 2.99euro per day with full excess insurance.

So question is do i have to pay on rental desk any additional fee or leave any deposit when i have ordered this full excess insurance.

P.S i just don't have on my credit card sufficient funds for deposit (which is approx. 1200euro) As far as i know i must buy this insurance to reduce excess to ZERO. If I'm wrong correct me please.

Many thanks in advance

rugbyman

My guess is that the car rental desk will not be aware of(even when you show a printout) /or know anything about, another insurance company covering your risk to their car.

i have read somwhere about such insurance, but know little of it.
Rugbyman

BaguMka

rugbyman wrote: »

My guess is that the car rental desk will not be aware of(even when you show a printout) /or know anything about, another insurance company covering your risk to their car.

i have read somwhere about such insurance, but know little of it.
Rugbyman

The thing is when i hired a car last time from Budget they asked me to pay 15 euro per day to cover excess to zero if i can't leave deposit for 1200euro.so i can't understand what's the difference if i order the same thing just from other company and 5times cheaper...
it's rip-off if the will still require a deposit at rental desk...

dudara

Moved to Motors as you'll get better advice there

dudara

Gavman84

Hey The way it will work I imagine is they will tell you that you have the excess on the insurance. They will have your card details and they dont charge the money to it they will possibly authorize an amount against it if needs be. Then if any damage is done to car you will be charged the excess on return and its up to you to get the money back from car excess cover company.
They will have nothing to do with the that cover. If you take the hire company cover you can just hand the keys back and off you go. Point to note is that things such as tyres,mis fueling and lost keys are not covered by any insurance. This was the way it worked when I was working in car hire anyway. I always cover the excess for peace of mind cos you can be careful as you like but someone in a car park might not be and you get screwed then still when they drive off.
Gav

al2009

i use this company: www.insurance4carhire.com/

They explain how it works, as previously said any damage is charged to your card by hirer, you get it back from the other insurance cover. even the excess taken with a hire car may not cover things like damage to alloy wheels etc.

alec

BaguMka

Thanks guys for your answers. But as far as i know this excess insurance which i can order reduce typical excess to ZERO which means i don't have to pay even deposit ?? Am i not right?

Andrew33

I don't know about Ireland but in Portugal when I rent a car I always take full cover (€7 per day). I drive the car how I like, I treat it as a shed, I park it anywhere, don't give a sh1t about the car full stop, its worth the €7 per day and I've NEVER brought a car back with any damage but I've never had to spend my holiday worrying about the bloody rental car, AND when I take out full cover I don't have to give a credit card number which means I don't have to worry about some weird charge showing up on statement a couple of months later!

Thoie

BaguMka wrote: »

Thanks guys for your answers. But as far as i know this excess insurance which i can order reduce typical excess to ZERO which means i don't have to pay even deposit ?? Am i not right?

No, you still have to pay the deposit. I've used separate excess cover insurance, and highly recommend it, but the car hire company doesn't need to know or care about it.

They don't care if the King of Mars is personally going to lick a car better if it's crashed. In order to take the car you have to pay them a deposit/give them your credit card details.

As Gavman says, if there is an accident, the car hire company will take the cost from your deposit/credit card, then send you the bill/receipt. You then send your receipt to your insurance company, and they'll process the claim and refund you the money.

For your situation I'd suggest asking your credit card company to increase your max amount by 1200 for the few weeks, to ensure there's enough available to cover it. When you drop the car back undamaged, get the CC limit brought back down to the normal level.

BaguMka

Thoie wrote: »

No, you still have to pay the deposit. I've used separate excess cover insurance, and highly recommend it, but the car hire company doesn't need to know or care about it.

They don't care if the King of Mars is personally going to lick a car better if it's crashed. In order to take the car you have to pay them a deposit/give them your credit card details.

As Gavman says, if there is an accident, the car hire company will take the cost from your deposit/credit card, then send you the bill/receipt. You then send your receipt to your insurance company, and they'll process the claim and refund you the money.

For your situation I'd suggest asking your credit card company to increase your max amount by 1200 for the few weeks, to ensure there's enough available to cover it. When you drop the car back undamaged, get the CC limit brought back down to the normal level.

Thanks mate!!!

no1beemerfan

I reguraly go to England and each time I hire a car. A few years ago I purchased an annual car hire excess policy from Axa.

When I hire a car (usually hertz) I pay for the car....usually £80 and also put a charge of approx £120 excess.

If I bring the car back damaged hertz will not reverse the charge on my card for the excess and then I submit a claim to Axa who will (hopefully!) refund me.

Hopefully this helps.

Kace

Hi all,

Car hire excess prices seem to be fairly steep these days. I'm renting in Portugal during the summer and have been looking around at the various excess insurers.

Anyone bought car rental excess insurance recently or used these guys http://www.carhireexcess.ie

or AXA http://www.blueinsurance.ie/CarHireExcess.asp

Seems like a decent deal for peace of mind car rental.

Anyone ?

faral

im just renewing this question - is it better to buy an annual car hire insurance or its better to buy addition insurance from company im hireing car with?

CiniO

faral wrote: »

im just renewing this question - is it better to buy an annual car hire insurance or its better to buy addition insurance from company im hireing car with?

It's much cheaper to buy hire excess cover from third party insurer like the one listed in first post, as this only costs €2.99 per day, in oppose to what car hire companies usually charge like €15 per day.
However disadvantage of doing that is that you still have to cover the excess amount (usually between €1000 and €2000) in a form of pre-auth on your credit card, so if your limit on credit card is low, this might not be suitable option.

They way the likes of carhireexcess.ie work, is they cover you for the amount of excess.
So f.e. if you crash a rental car, rental company will charge you the excess amount (i.e. €1500) and then you will have to apply to carhireexcess.ie to pay you back this amount. In the end you will end up the same, as money you paid for excess will be refunded.
But you actually need to have that money available on your credit card to pay for it until you get it back.

If you pay excess cover directly to rental company, it costs way more, but they you don't need to be able to cover this excess.

alias no.9

I generally do the separate excess insurance but thankfully I've never had to claim, has anybody else? What was the experience like?

September1

Did anyone successfully claimed from those third party excess insurance companies?

keithclancy

Got mine with insurance4carhire.com

They seem ok:
http://www.feefo.com/GB/en/reviews/Insurance4carhire/?id=406786&mode=service

Haven't had to claim yet though.