Rental Car Excess

 Car Hire Excess Insurance FAQs

 

• Is car hire excess insurance the same as car hire insurance?

• No, they are different things.
  
  Most hire cars automatically come with insurance as the rental car company would insure their fleet of cars.  This cost is usually built into the daily car hire cost that you pay.  However, every rental car comes with an excess amount, which is the amount that you would need to pay if any damage or theft were to happen to your vehicle when in your care. In essence, we cover your rental vehicle excess amount. Simply put, if you damage the car while it is in your possession, the car rental company will assess the cost to repair the damage and will charge your credit card an excess or the cost for repair if it is less. That is the amount that we reimburse you.

• What types of rental vehicles do you cover?

• We cover rental vehicles that do not exceed 4.5 tonnes and those that do not require a special licence to drive, this includes campervans and motorhomes. We also cover the excess for sedans, hatchbacks or station-wagons, four wheel drives and mini buses/people movers.  You must however be hiring your vehicle from a commercial motor vehicle rental company.

• How much am I covered for?

• The excess amount insured with us starts at $4,000 and can be increased by increments of $1,000. The maximum you would be covered for is  $8,000.

• Does my policy cover all car rental companies?

• Our policy covers you for all licensed rental companies such as Hertz, Europcar, Avis, Budget or Thrifty. However we do not cover for car sharing schemes like Car Next Door. 

• How much does it cost?

• Rental companies charge big bucks for excess insurance, so say no at the depot and get cover with Baaaney for 50%* less than at the rental depot. They usually charge between $25-$35 dollars a day, but with Carhireexcess.com.au you can pay as little as $9* a day. Not only is it cheaper, but  our excess in Nil, so you pay nothing in the event of a claim. *based on 12 day car hire in NSW.

• Should I get rental vehicle excess with my travel insurance?

• Both domestic and international travel insurance often include cover for hire car excess or you can add it on for an additional premium. One advantage of travel insurance is that it covers you for more than just car rental. However, it can be an expensive option for short trips and it's charged on a per person basis so if you have more than one driver, you'll need insurance for each person.
  
  There are also quite a few restrictions to pay attention to. When you buy cover with travel insurance you won't typically get addtional protection for windscreen, tyres and underbody damages. With carhireexcess.com.au, we cover all of these things.  What's more, we cover all licensed drivers who are listed on your rental vehicle agreement with no furries! Learn more information about rental excess restrictions with travel insurance.

• Should I tell my rental vehicle company that I already have car hire excess insurance?

• It doesnt matter if you do, but it’s not necessary to tell them. Just make sure that you say no when you are offered cover at the counter – you certainly don’t want to end up doubling up!

• Am I covered for third party insurance?

• The car hire excess you purchase with us does not automatically include third party cover. Most rental car insurance covers for third party damages which is incluced as part of the cost of hiring the car. Learn more about third party cover.

• Who are Carhireexcess.com.au?

• Relax, it doesn't matter if you haven't heard of us. You can drive with peace of mind as we're underwritten by Certain Underwriters of Lloyds - the world’s largest insurance market. Learn more about us.