Three Reasons To Consider Car Rental Excess Insurance

The purchase of rental vehicle excess insurance is optional. While many drivers still choose to take the risk, and rent a car without any insurance, it is worth considering how car rental excess insurance could benefit you. VroomVroomVroom has put together three factors to consider when you are deciding whether to purchase insurance.

Damage to the rental car does not have to be caused by you

If any damage is caused to the car while it is in your possession, you will be held financially liable for the costs. Even if the damage was caused by a third-party, you will still be responsible for paying the cost of repairs up to the excess amount.

Even if you drive carefully, unexpected accidents can occur. It is worth considering rental car insurance for peace of mind.

Excess amounts can be quite costly

If you do not purchase any insurance or excess reduction products, you can be charged for any damage up to the car’s excess amount. Depending on the type of vehicle you have hired, excess amounts can be thousands of dollars.

For example, if you are hiring a vehicle in Australia, the standard excess liability is between $4000 and $6000. However, if you are renting a prestige vehicle the excess amount may be higher.

If you do your research, you can make sure you are covered

Don’t leave the decision to purchase insurance for your rental car until the last minute. Last-minute options can be costlier, and many products purchased over the counter have exclusions. In some cases, damage caused to the tyres and windscreen will be excluded from your cover. You also may not be covered for single-vehicle accidents.

Don’t just assume you are covered by an existing policy or by insurance offered through your credit card. It is always a good idea to do your research ahead of time and make sure your policy includes comprehensive coverage.

Car rental can be a confusing process. Read about more factors you need to consider here. Let us know if you have any car rental tips in the comment section below.