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Car
Hire Excess - Choosing Between Annual and Daily Car Hire Excess
Insurance: Which is the Better Choice?...
Nov
30, 2009 Author: David Patullo
Nowadays,
most people prefer renting a car for personal vacations or business trips over
bringing their own cars. The advantages are countless. However, most companies
charge a car hire excess, or a specific amount that you need to pay if there are
any damages on the rented vehicle. This amount needs to be paid first before the
insurance coverage is availed to cover any repairs needed for the rented car.
The amount is usually five or ten times higher than the rental charge. Rental
companies also offer a special type of insurance to cover this, but the amount
is still significantly expensive.
To address this, travelers can now avail of daily or annual car hire excess insurance
packages. These are packages that you can purchase or avail of prior to your scheduled
trip and car rental. Normally, these are provided by external insurance companies
and not by the car rental companies. As the name implies, the annual insurance
would cover all your car rentals for a period of one year. Normally, the package
offers unlimited coverage. So, even if you travel the whole year round, you do
not have to worry about paying for any excess charges. The rates vary depending
on the country you are planning to go to.
Daily
car hire excess insurance coverage, on the other hand, allows you to pay for just
the number of days you will actually be travelling and renting a car. Normally,
the rates offered by external insurance providers are three to four times lower
than the insurance package offered by the car rental companies, so it is still
a better choice.
Now
that we have established that these packages are cheaper compared to the insurance
offered by the rental companies, the next thing we need to know is which is cheaper
and which would allow us to save more: the annual coverage or the daily coverage?
Annual car hire excess insurance packages are more suitable if you travel frequently.
Usually, the annual premium is just around 10 times the daily premium, so if you
plan early and determine that you will be renting a car for more than ten times
within a twelve-month period, the annual coverage is the better choice for you.
However, if you are a light traveler, then the daily insurance coverage would
be the cheaper choice. It is also important to check whether the annual insurance
offers unlimited coverage or not, and whether the coverage is available for just
a specific state or country, especially if your travel plans would require you
to travel from one country to another.
Traveling
and renting a car may seem to be quite expensive and stressful, especially because
of unnecessary car hire excess charges. But if you plan early and avail of the
most suitable insurance package, you will definitely save time and money. All
you need to worry about is choosing the cheapest car rental rates and planning
your itinerary, and you are all set for your next worry-free vacation or business
trip.
Article
Source: http://www.articlesbase.com/automotive-articles/car-hire-excess-choosing-between-annual-and-daily-car-hire-excess-insurance-which-is-the-better-choice-1519396.html
.
About
the Author: For more great information about cheap rental cars , visit our new
website http://www.carrentalsonlinenow.com
today
N.B.
This information should not be relied on for accuracy and is presented here without
the responsibility of jml Property Service and the website it is being displayed
at. jml property Services 04-10
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