If you regularly hire a car then it might be worth considering an annual excess insurance policy. This will cover you for an unlimited amount of hire agreements up to 31 days in length each time.
As you are covered for 31 days per rental – it can also work out cheaper to buy an annual policy if you’re planning on hiring a car for more than 14 days. So it’s worth checking both Single Trip and Annual Excess Insurance policies.
Why buy annual excess insurance cover?
Firstly and often most importantly, it usually ends up more cost effective than multiple Single Hire agreements. However it’s also likely to save you time and effort knowing you have an annual car hire excess policy in place to cover you, meaning less chance of forgetting and buying the expensive cover the rental companies offer.
Is there any limits?
You should check the policy wordings for any limits specific to the policy you buy. But usually there is a limit on the number of times you can claim for a specific scenario. For example you can often only claim for costs incurred for replacing damaged, lost or stolen keys up to 4 times per annual car hire excess insurance policy.
It’s also important to check the area you purchase. If you buy an Annual Europe Excess Insurance policy – this will cover you for rentals in Europe. However if you’re likely to need it outside of Europe this wouldn’t cover you. So if you regularly rent cars in multiple destinations – maybe a Worldwide policy is best. This would cover you for rentals in UK, Europe and further afield!