Annual Car Hire Excess Insurance - All You Need to Know

Are you looking for annual car hire excess insurance?

Great. It’s a fab way to save money when travelling and hiring cars.

(This is one of my recommended travel items – find the rest of my Travel Essentials page)

Why Do I Recommend This Annual Car Hire Excess Insurance?

Table of Contents

Very cost effective if hiring car more than once in a year
Full cover for the whole year for any car hires abroad or in the UK
Up to 2 people per annual policy
Cover for up to 31 days per trip

Currently £29.99 per year through Coverwise

Why not head to their site and get your quote?

annual car hire excess insurance post picture the professional traveller

Is It Worth Getting Excess Protection?

When hiring a car the excess, the amount you have to pay in the event of an accident can be very high. It can sometimes be thousands of pounds. Reducing that to zero makes for easier driving!

The Best Annual Car Hire Excess Insurance

If you hire a car when you are travelling it is likely that you will liable for a large excess amount.

That means if you have an accident when you are driving the hire car you have to pay the excess. This can often be hundreds of pounds or more. Having to pay that out of your own pocket is not a nice thought at all.

Generally, you will be offered insurance to reduce this excess amount. This is an extra payment on top of the car hire rates. This excess cover can add up, especially if you are hiring the car for a few days or more.

What many people don’t know is that you can take out insurance coverage yourself to reduce this excess. Generally, it is much cheaper than buying this cover through a car hire company.

Having an annual car hire excess insurance policy is a great option if you are hiring cars more than once per year. It will cover you for all the car hires you have.

You can also buy a policy for each day of car hire if you are not planning on hiring a car more than once.

An annual car hire excess insurance policy will cover you in many countries. Coverwise, the company I use and recommend, provides cover in 180 countries.

Their cover is up to £7,000 excess and also covers misfuelling the car and losing the key – both easy to do!

I have used this type of cover many times. The car hire companies cannot insist you buy their excess cover so it’s never been a problem. The only issue is that they sometimes don’t like it. That’s because the car hire staff can earn a commission on the sale of these policies.

Having an annual car hire excess insurance policy is a great way to save money on travelling.