Consider the different types of insurance for renting a car on holiday and how they could save you a lot of hassle. Hiring a car abroad can be one of the best ways to see a new country, with the open road before you, the ability to set off and stop off when and wherever you like. Renting a car gives you the freedom to explore at your own pace.
When you are driving a car abroad insurance differs slightly from driving at home, particularly if you’ve hired the car. If you’re renting a car on holiday for the first time, then take a moment to consider these top tips on car insurance to make sure your self-driving holiday is as relaxed as it should be.
Make sure you read and fully understand your insurance documentation for your hire car as early as possible. After all you wouldn’t want to find yourself in a sticky situation abroad would you? There are a few different types of car insurance rental companies will offer, and some offer only the bare minimum – Collision Damage Waiver insurance, which covers the vehicle if you have a bump. Great advice from moneysavingexpert.com is to always check the excess, otherwise you could be in for a nasty surprise. Check for built-in excess, which although more expensive, could actually save you a fortune in excess if you do have a crash.
Car hire companies like Europcar offer car insurance along with the price of the hire car. A couple of different types of cover can be included in the car rental such as third party insurance which means you are protected from any third party liability, collision damage waiver which means you won’t have to pay the full amount for any damage to the vehicle, and theft waiver so you won’t have to pay the full amount if the vehicle is stolen. Usually you can choose your level of cover and add on extras like risk reduction cover, personal accident and baggage cover and young driver cover for those between 21 and 24 years of age. Look at your requirements and decide which option is best for you.
Risk reduction cover is not included in most forms of car hire but is definitely worth considering as it reduces the excess you’d have to pay if the vehicle is damaged or stolen.
Again, this cover is additional to most basic car hire insurance, yet very worthwhile to consider. It covers you for medical expenses if you are injured in the vehicle or if you are unable to return to work due to injury. It also protects you against loss of baggage.