| INFO - Over £800M Wasted on Over-Priced Hire Car Insurance Policies |
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| self drive hire vehicle company rental insurance | London congestion charge | travel insurance |
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| INFO - Over £800M Wasted on Over-Priced Hire Car Insurance Policies |
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| self drive hire vehicle company rental insurance | London congestion charge | travel insurance |
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£1bn a year spent on excess cover by European hire car drivers - £803m could be saved on insurance if bought in advance - Car rental companies charging 'over the odds'. The true cost of hire car excess insurance has been revealed. Each year £1 billion is spent on excess cover by European drivers of rental vehicles, according to research by iCarhireinsurance.com, the provider of low-cost comprehensive excess car hire insurance. Equally staggering is the amount of money that could be saved if cover was simply bought before customers arrived at the car-rental desk. The study discovered hire car drivers could be £803m better off each year if they planned their excess insurance and bought it online. According to 2006 Datamonitor figures*, there are due to be 255 million car rental days in Europe this year, with 45%** of drivers taking out such cover. The average price charged by car rental desks across the continent is £9.99*** a day. But with iCarhireinsurance.com's daily excess policy costing just £2.99 a day, drivers could save £7 a day. Customers taking a two week rental could be almost £100 better off by purchasing an annual policy at only £39.99. Not only are iCarhireinsurance.com's products cheaper, they are more comprehensive than those sold at car rental desks, with drivers also benefiting from cover that is excluded from most other policies. Drivers will be insured if their hire car is damaged or stolen, but also covered for damage to the roof, tyres, windows and undercarriage. Ernesto Suarez, founder and CEO of iCarhireinsurance.com said, “Excess cover is important when hiring cars abroad because most rental companies have an excess of between £500 and £1500, however with many car hire excess policies offered at car rental desk not covering the most vulnerable parts of the vehicle, drivers can get stung even with the cover. Also many rental companies wait until customers actually pick up the car before mentioning this, and drivers then have little choice but to pay over the odds. We offer an alternative and the amount of money that could be saved is incredible. “At iCarhireinsurance.com we’ve created a range of policies that are cheaper and more comprehensive than those offered at car rental desks. Furthermore, our website has been designed to cut through the insurance mumbo jumbo, making it easier for customers to find the cover they need and buy the right policy at the right price.” *Calculated using Datamonitor’s 2006 figures projecting a 2010 Europe Car Rental market of $13.1Billion. Converted into GBP£ at 1.6, gives £8.4 Billion. This figure divided by the average price per day of car rental which is £33.00 gives 254,545 (rounded up to 255million). **iCarhireinsurance.com 2010 ***Prices correct at January 2010. Information about iCarhireinsurance.com Founded in 2009, iCarhireinsurance.com is a groundbreaking new online insurance service that takes the hassle out of hire car insurance. It offers a range of insurance policies that are fully comprehensive, simple to understand, unbeatable value and accepted at all car rental locations worldwide. iCarhireinsurance.com is a registered trading name of Halo Insurance Services Limited. Halo Insurance Services Ltd was founded by Ernesto Suarez, a leading insurance professional with 10 years’ experience in the industry. Halo Insurance Services Limited is registered in England number 6929208. Authorised and regulated by the Financial Services Authority Register No. 504629 for the sale and administration of general insurance products in the United Kingdom and throughout the European Economic Area (EEA). Halo Insurance Services Ltd is backed by Bridges Ventures and Magenta Partners. Source: iCarhireinsurance.com To find out more about iCarhireinsurance.com Click on the logo below
Return to Car Hire Excess Blog Notes Info _______________________________________________________ See also: Save money on car hire excess insurance and take a winter break - January 2012 iCarhireinsurance comes up with New Year Tips to stop car renters being ripped off - January 2012 Don't Lose Your Christmas Cheer with the Hire Car says iCarhireinsurance.com - December 2011
iCarhireinsurance.com in finalists for Startup Awards 2011 - November 2011 Hiring a van to transport student's stuff to Uni? - September 2011 UK Holidaymakers Find Foreign Drivers Very Aggressive - August 2011 Car hire insurance featured on BBC Radio 4 You and Yours - July 2011 Car Hire Drivers in a Spin About Car Hire Insurance - iCarhireinsurance - June 2011 "Which?" launch super complaint against “rip-off credit card charges” - April 2011 Affordable Car Hire teams up with Halo Insurance - March 2011 Halo Insurance partners with Chubb in Germany - February 2011 Excess Insurance @ iCarhireinsurance Jargon Buster @ iCarhireinsurance Hot Tips for iCarhireinsurance iCarhireinsurance.com appoints Ben Wooltorton as Sales and Marketing Director - January 2011 Van hire excess insurance for only £7.99 a day available from iCarhireinsurance - December 2010 Car Hire drivers warned to check their insurance this Christmas - iCarhireinsurance - December 2010 Top Tips for Car Hire This Summer - iCarhireinsurance.com - July 2010 Over £800M Wasted on Over-Priced Hire Car Insurance Policies iCarhireinsurance Press Release June 10 Hire Car Drivers Urged to Take Out Insurance With Cancellation Cover - May 2010 iCarhireinsurance.com is featured insurance provider - December 2010 iCarhireinsurance.com awarded membership of the BVRLA Check online car hire alternatives - May 2010 iCarhireinsurance.com been awarded membership of ABTA Trade Industry Partner Scheme - May 2010 iCarhireinsurance.com in The Guardian and Independent on Sunday - March 2010 Bridges Ventures and Magenta Partners launch Halo Insurance Services - March 2010 What is Car Rental Insurance @ iCarhireinsurance? _______________________________________________________ The jml Insurance website advertises and introduces you to many insurance products. To enter this site click on logo below
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